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Investments (Tables)
9 Months Ended
Sep. 30, 2020
Investments Debt And Equity Securities [Abstract]  
Summary of Long-term Investments

Long-term investments are comprised of the following items:

 

 

September 30, 2020

 

 

December 31, 2019

 

Equity investments at fair value

 

$

2,207

 

 

$

4,183

 

Equity investments under measurement alternative

 

 

14,738

 

 

 

14,954

 

Debt securities classified under available-for-sale method

 

 

5,765

 

 

 

5,047

 

Total other investments

 

$

22,710

 

 

$

24,184

 

Summary of Ownership Interests in Equity Method Investments

The Company’s ownership interests in its equity method investments as of September 30, 2020 and December 31, 2019 and (loss) gain from equity method investments for the nine months ended September 30, 2020 were as follows:

 

 

Approximate

 

 

Carrying value

 

 

(Loss) gain from equity

method investments

for the nine months ended

 

 

 

ownership %

 

 

September 30, 2020

 

 

September 30, 2020

 

Investment in Fluent

 

50%

 

 

$

5,147

 

 

$

(4,725

)

Investment in Cannfections

 

50%

 

 

 

3,764

 

 

 

230

 

Total equity method investments

 

 

 

 

 

$

8,911

 

 

$

(4,495

)

 

 

 

Approximate

 

 

Carrying value

 

 

(Loss) gain from equity

method investments

for the nine months ended

 

 

 

ownership %

 

 

December 31, 2019

 

 

September 30, 2019

 

Investment in Fluent

 

50%

 

 

$

7,836

 

 

$

(1,837

)

Investment in Cannfections

 

50%

 

 

 

3,612

 

 

 

 

Total equity method investments

 

 

 

 

 

$

11,448

 

 

$

(1,837

)

Summary of Financial Information for Equity Method Investments

Summary financial information for the Company’s equity method investments on an aggregate basis is as follows:

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Current assets

 

$

12,346

 

 

$

13,942

 

Noncurrent assets

 

$

5,205

 

 

$

4,987

 

Current liabilities

 

$

4,965

 

 

$

1,561

 

Noncurrent liabilities

 

$

 

 

$

 

 

 

 

Nine months ended September 30,

 

 

 

2020

 

 

2019

 

Revenue

 

$

4,854

 

 

$

 

Gross profit

 

$

2,032

 

 

$

 

Net loss

 

$

(8,991

)

 

$

(3,160

)