Annual report pursuant to Section 13 and 15(d)

Other Long Term Investments

v3.21.1
Other Long Term Investments
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
Other Long Term Investments Other Long Term Investments
During the fourth quarter, the Company purchased $2.5 million of Cardinal Ventures Holdings LLC, (“CVH”) for 600,000 Class A Units and 2,500,000 Class B Units. CVH is a Delaware limited liability company formed to conduct any business, enterprise or activity permitted to owning certain interests in a sponsor of a special purpose acquisition company (“SPAC”). CVH will receive distributions from the sponsor to the extent there is activity at the SPAC.
As described in Note 1, the Company generally records its share of earnings in its equity method investments using a three-month lag methodology and within net investment income. During the period October 6, 2020 through December 31, 2020, CVH had no operating results, as such, there were no share of earnings recognized by the Company in its statement of operations on its proportional equity investment.
The following component represents components of Other long-term investments as of December 31, 2020:
Ownership interest as of December 31,
2020 Instrument Held
Investee
CVH LLC Class A 14.1  % Units
CVH LLC Class B 28.1  % Units
The following table presents summarized financial information for Inpixon’s investment in equity method eligible entities:
As of December 31,
2020
Balance Sheet Data
Total assets $ 6,508 
Total liabilities $ — 
For the period from October 6 through December 31,
2020
Income Statement Data
Revenues $ — 
Expenses $ —