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Investments (Tables)
3 Months Ended
Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]  
Summary of Long-term Investments

Long-term investments are comprised of the following items:

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Equity investments at fair value

 

$

633

 

 

$

477

 

Equity investments under measurement alternative

 

 

11,450

 

 

 

11,392

 

Debt securities classified under available-for-sale method

 

 

 

 

 

2,500

 

Total other investments

 

$

12,083

 

 

$

14,369

 

Summary of Ownership Interests in Equity Method Investments

The Company’s ownership interests in its equity method investments as of March 31, 2020 and December 31, 2019 and loss from equity method investments for the three months ended March 31, 2020 were as follows:

 

 

 

Approximate

 

 

Carrying value

 

 

Gain (loss) from

equity method

investments for

the three months

ended

 

 

 

ownership %

 

 

March 31, 2021

 

 

March 31, 2021

 

Investment in Fluent

 

50%

 

 

$

4,039

 

 

$

(1,802

)

Investment in Cannfections

 

50%

 

 

 

4,061

 

 

 

15

 

Total equity method investments

 

 

 

 

 

$

8,100

 

 

$

(1,787

)

 

 

 

Approximate

 

 

Carrying value

 

 

Gain (loss) from

equity method

investments for

the three months

ended

 

 

 

ownership %

 

 

December 31, 2020

 

 

March 31, 2020

 

Investment in Fluent

 

50%

 

 

$

5,291

 

 

$

(1,819

)

Investment in Cannfections

 

50%

 

 

 

4,009

 

 

 

71

 

Total equity method investments

 

 

 

 

 

$

9,300

 

 

$

(1,748

)

Summary of Financial Information for Equity Method Investments

Summary financial information for the equity method investments on an aggregate basis was as follows:

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Current assets

 

$

8,440

 

 

$

12,644

 

Noncurrent assets

 

$

7,033

 

 

$

6,608

 

Current liabilities

 

$

4,505

 

 

$

5,663

 

 

 

 

Three months ended March 31,

 

 

 

2021

 

 

2020

 

Revenue

 

$

1,061

 

 

$

1,392

 

Gross profit

 

$

224

 

 

$

583

 

Net loss

 

$

(3,574

)

 

$

(3,496

)