10-Q Filing

FUBOTV INC. CIK: 1484769 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-009764`
Period End Date	20190331
Filing Date	20190627
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dglf-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 70 Stockholders Equity 22

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Convertible notes, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$222.00K	USD	Point-in-time
Convertible notes, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$456.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$306.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$419.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$23.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$329.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$14.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$3.00K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$16.00K	USD	Point-in-time
Investment in Panda Productions (HK) Limited (Kung Fu Panda)	`LongTermInvestments`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.93M	shares	Point-in-time
Investment in Panda Productions (HK) Limited (Kung Fu Panda)	`LongTermInvestments`	$1.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$130.93M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.53M	shares	Point-in-time
Goodwill	`Goodwill`	$149.97M	USD	Point-in-time
Goodwill	`Goodwill`	$148.06M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$119.00K	USD	Point-in-time
Total assets	`Assets`	$280.45M	USD	Point-in-time
Total assets	`Assets`	$286.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$416.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$398.00K	USD	Point-in-time
Note Payable	`NotesPayableCurrent`	$3.77M	USD	Point-in-time
Note Payable	`NotesPayableCurrent`	$3.67M	USD	Point-in-time
Note Payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$172.00K	USD	Point-in-time
Note Payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$208.00K	USD	Point-in-time
Convertible notes, net of $222 and $456 discount as of March 31, 2019 and December 31, 2018, respectively	`ConvertibleNotesPayableCurrent`	$587.00K	USD	Point-in-time
Convertible notes, net of $222 and $456 discount as of March 31, 2019 and December 31, 2018, respectively	`ConvertibleNotesPayableCurrent`	$471.00K	USD	Point-in-time
Convertible notes - related parties	`ConvertibleDebtCurrent`	$883.00K	USD	Point-in-time
Convertible notes - related parties	`ConvertibleDebtCurrent`	$864.00K	USD	Point-in-time
Profits interest sold	`ProfitsInterestSold`	$212.00K	USD	Point-in-time
Profits interest sold	`ProfitsInterestSold`	-	USD	Point-in-time
Warrant liability - subsidiary	`WarrantLiabilitySubsidiary`	$4.53M	USD	Point-in-time
Warrant liability - subsidiary	`WarrantLiabilitySubsidiary`	$2.05M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$82.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.55M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$35.00M	USD	Point-in-time
Lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$37.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$48.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.55M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock par value $0.0001, 400,000,000 shares authorized; 22,931,183 and 7,532,776 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock par value $0.0001, 400,000,000 shares authorized; 22,931,183 and 7,532,776 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$229.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$227.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.23M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$27.34M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$26.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$232.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-2.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$231.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-3.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$280.45M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$286.10M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$840.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$840.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$486.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$446.00K	USD	1 Quarter
Financing costs	`FinancingCost`	-	USD	1 Quarter
Financing costs	`FinancingCost`	$-2.14M	USD	1 Quarter
Change in fair value of subsidiary warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of subsidiary warrant liability	`FairValueAdjustmentOfWarrants`	$-2.48M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$2.77M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$128.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$2.16M	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$145.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.04M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-695.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.17M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.87M	USD	1 Quarter
Net loss	`ProfitLoss`	$-695.00K	USD	1 Quarter
Less: net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$599.00K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLoss`	$-3.47M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLoss`	$-695.00K	USD	1 Quarter
Net loss per share attributable to common stockholders Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Net loss per share attributable to common stockholders Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Weighted average shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.88M	shares	1 Quarter
Weighted average shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.70M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.87M	USD	1 Quarter
Net loss	`ProfitLoss`	$-695.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$410.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$370.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$234.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.17M	USD	1 Quarter
Financing cost	`FinancingCost`	-	USD	1 Quarter
Financing cost	`FinancingCost`	$-2.14M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$2.77M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$128.00K	USD	1 Quarter
Change in fair value of subsidiary warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of subsidiary warrant liability	`FairValueAdjustmentOfWarrants`	$-2.48M	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$6.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	-	USD	1 Quarter
Interest on notes payable	`InterestOnNotesPayable`	$144.00K	USD	1 Quarter
Interest on notes payable	`InterestOnNotesPayable`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$23.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$9.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$172.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-40.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$374.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-46.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	$-6.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	-	USD	1 Quarter
Net used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-641.00K	USD	1 Quarter
Net used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-582.00K	USD	1 Quarter
Investment in Panda Productions (HK) Limited	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Investment in Panda Productions (HK) Limited	`PaymentsToAcquireInvestments`	$1.00M	USD	1 Quarter
Sale of interest in investment in Panda Productions (HK) Limited	`ProceedsFromDivestitureOfInterestInJointVenture`	$212.00K	USD	1 Quarter
Sale of interest in investment in Panda Productions (HK) Limited	`ProceedsFromDivestitureOfInterestInJointVenture`	-	USD	1 Quarter
Lease security deposit	`LeaseSecurityDeposit`	-	USD	1 Quarter
Lease security deposit	`LeaseSecurityDeposit`	$13.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-801.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	$807.00K	USD	1 Quarter
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Repayments of convertible notes	`RepaymentsOfConvertibleDebt`	$203.00K	USD	1 Quarter
Repayments of convertible notes	`RepaymentsOfConvertibleDebt`	$373.00K	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$549.00K	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.78M	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$18.00K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from sale of subsidiary common stock	`ProceedsFromSaleOfSubsidiaryCommonStock`	-	USD	1 Quarter
Proceeds from sale of subsidiary common stock	`ProceedsFromSaleOfSubsidiaryCommonStock`	$65.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.66M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$983.00K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$275.00K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$342.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$306.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$419.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$306.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$419.00K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$68.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Issuance of common stock for note conversion	`DebtConversionConvertedInstrumentAmount1`	$18.00K	USD	1 Quarter
Issuance of common stock for note conversion	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common stock issued for lease settlement	`CommonStockIssuedForLeaseSettlements`	-	USD	1 Quarter
Common stock issued for lease settlement	`CommonStockIssuedForLeaseSettlements`	$-130.00K	USD	1 Quarter
Measurement period adjustment on the Evolution AI Corporation acquisition	`MeasurementPeriodAdjustmentOnEvolutionAiCorporationAcquisition`	$1.92M	USD	1 Quarter
Measurement period adjustment on the Evolution AI Corporation acquisition	`MeasurementPeriodAdjustmentOnEvolutionAiCorporationAcquisition`	-	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$232.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$231.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.10M	USD	Point-in-time
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$549.00K	USD	1 Quarter
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$1.78M	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$410.00K	USD	1 Quarter
Issuance of common stock for commitment fee	`StockIssuedDuringPeriodValueForCommitmentFee`	$118.00K	USD	1 Quarter
Conversion of notes payable into common shares	`ConversionOfNotesPayableIntoCommonSharesValue`	$18.00K	USD	1 Quarter
Conversion of warrants into common stock	`ConversionOfWarrantsIntoCommonStock`	-	USD	1 Quarter
Cancellation of common stock for commitment fee refund	`CancellationOfCommonStockForCommitmentFeeRefund`	$-55.00K	USD	1 Quarter
Preferred stock converted to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Common stock issued for lease settlement	`CommonStockIssuedForLeaseSettlement`	$130.00K	USD	1 Quarter
Common stock issued for lease settlement	`CommonStockIssuedForLeaseSettlement`	-	USD	1 Quarter
Issuance of subsidiary common stock for cash	`IssuanceOfSubsidiaryCommonStockForCash`	$65.00K	USD	1 Quarter
Additional shares issued for reverse stock split	`StockIssuedDuringPeriodSharesReverseStockSplits`	-	shares	1 Quarter
Net loss	`ProfitLoss`	$-2.87M	USD	1 Quarter
Net loss	`ProfitLoss`	$-695.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$232.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$231.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.10M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.