Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Consolidated Financial Instrument

The tables below set forth information related to the Company’s consolidated financial instruments (in thousands):

	Level in Fair		December 31, 2020				December 31, 2019
	Value Hierarchy		Carrying Amount		Fair Value		Carrying Amount		Fair Value
PPP Loan		2		2,171,534		2,171,534		–		–
Long-term debt		3	$	16,451,906		16,451,906		–		–
Long-term debt to related parties		3		80,000		80,000		80,000		80,000
Non-interest bearing BMLLC acquisition debt		3		385,000		385,000		165,163		165,163

Schedule of Liabilities Measured at Fair Value on Recurring Basis

The following are the major categories of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2020 and 2019:

Fair Value measurement using Level 3
Balance at December 31, 2018	$	309,844
Principal reductions during 2019		(64,681	)
Balance at December 31, 2019	$	245,163
Additions during 2020(1)		16,671,743
Balance at December 31, 2020	$	16,916,906

⁽¹⁾ Additions are due to $16,451,906 related to the Wild Sky acquisition debt (Refer to Note 4) and $219,837 to settlement in relation with the acquisition of BMLLC. Refer to “Long term debt” in Note 12.