AdvisorEngine - Financial Interests (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Carrying Value Information of AdvisorEngine Financial Interests

The following table sets forth the Company’s financial interests in AdvisorEngine, Inc. (“AdvisorEngine”):

	March 31, 2020					December 31, 2019
	Amortized Cost, plus Accrued Interest		Net Carrying Value			Amortized Cost, plus Accrued Interest		Net Carrying Value
Unsecured convertible note (Note 8)	$	2,126	$	—		$	2,126	$	2,126
Unsecured non-convertible note (Note 8)		31,184		8,500			31,184		26,046
Preferred stock (Note 9)		25,000		—			25,000		—
Total(1)	$	58,310	$	8,500	(1)	$	58,310	$	28,172	(1)

(1) Net of an impairment of $49,810 and $30,138 in the aggregate at March 31, 2020 and December 31, 2019, respectively.

Summary of Ranges and Weighted Averages of Significant Unobservable Inputs Used to Determine Fair Value of Contingent Payments

The table below presents the range and weighted averages of significant unobservable inputs utilized in the Monte-Carlo simulation (classified as Level 3 in the fair value hierarchy):

Unobservable Inputs	March 31, 2020
Forecasted revenue simulated forward as a percentage of the pre-defined revenue targets	34% – 71% (47% weighted average)
Revenue volatility	25%