General form of registration statement for all companies including face-amount certificate companies

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables) - OLD PlayStudios, Inc.
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Schedule of minimum guarantee liability

The following are the Company’s total minimum guaranteed obligations as of the years ended:

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

    

2021

    

2020

Accrued royalties(1)

 

$

150

 

$

100

Minimum guarantee liability

 

 

250

 

 

300

Total minimum guarantee obligations

 

$

400

 

$

400

Weighted-average remaining term (in years)

 

 

2.25

 

 

2.50


Accrued royalties are included within the Accrued liabilities line item on the Consolidated Balance Sheets.

The following are the Company’s total minimum guaranteed obligations as of the years ended (in thousands):

 

 

 

 

 

 

 

 

 

December 31,

 

    

2020

    

2019

Accrued royalties(1)

 

$

100

 

$

1,100

Minimum guarantee liability

 

 

300

 

 

500

Total minimum guarantee obligations

 

$

400

 

$

1,600

Weighted-average remaining term (in years)

 

 

2.50

 

 

3.53


(1)

Accrued royalties are included within the Accrued liabilities line item on the consolidated balance sheet.

Schedule of expected future payments of minimum guarantee obligations

The following are the Company’s remaining expected future payments of minimum guarantee obligations as of March 31, 2021:

 

 

 

 

 

 

Minimum

 

 

Guarantee

Year Ending December 31, 

    

Obligations

Remainder of 2021

 

$

200

2022

 

 

200

2023

 

 

 —

2024

 

 

 —

2025

 

 

 —

Total

 

$

400

 

The following are the Company’s remaining expected future payments of minimum guarantee obligations as of December 31, 2020 (in thousands):

 

 

 

 

 

 

Minimum Guarantee 

Year Ending December 31,

    

Obligations

2021

 

$

200

2022

 

 

200

2023

 

 

 —

2024

 

 

 —

2025

 

 

 —

Total

 

$

400

 

Schedule of future minimum lease payments under the non-cancelable operating leases

The Company’s future minimum rental commitments as of March 31, 2021, are as follows:

 

 

 

 

 

 

Minimum

 

 

Rental

Year Ending December 31, 

    

Commitments

Remainder of 2021

 

$

3,474

2022

 

 

3,172

2023

 

 

1,143

2024

 

 

429

2025

 

 

 —

Total

 

$

8,218

 

The Company’s future minimum rental commitments as of December 31, 2020, are as follows (in thousands):

 

 

 

 

 

 

Minimum Rental 

Year Ending December 31,

    

Commitments

2021

 

$

4,667

2022

 

 

3,221

2023

 

 

1,160

2024

 

 

430

2025

 

 

 —

Total

 

$

9,478