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

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Accounting Policies [Abstract]    
Schedule of net income (loss) available to each class of common stockholders
 

Three months ended
September 30,

 

Nine months ended
September 30,

   

2020

 

2019

 

2020

 

2019

Net income available to Class A common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

8,000

 

 

$

1,744,000

 

 

$

1,906,000

 

 

$

4,130,000

 

Less/add: Income and franchise taxes/benefit

 

 

1,000

 

 

 

(405,000

)

 

 

(519,000

)

 

 

(952,000

)

Net income attributable to Class A common stockholders

 

$

9,000

 

 

$

1,339,000

 

 

$

1,387,000

 

 

$

3,178,000

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) available to Class B common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(2,812,000

)

 

$

(941,000

)

 

$

(2,143,000

)

 

$

492,000

 

Less: amount attributable to Class A common stockholders

 

 

9,000

 

 

 

(1,339,000

)

 

 

(1,387,000

)

 

 

(3,178,000

)

Net loss attributable to Class B common stockholders

 

$

(2,821,000

)

 

$

(2,280,000

)

 

$

(3,530,000

)

 

$

(2,686,000

)

 

Year ended
December 31,
2019

 

For the
period from
August 6, 2018
(date of
inception) to
December 31,
2018

Net income available to Class A common stockholders:

 

 

 

 

 

 

 

 

Interest income

 

$

5,523,000

 

 

$

 

Less: Income and franchise taxes

 

 

(1,310,000

)

 

 

 

Net income attributable to Class A common stockholders

 

$

4,213,000

 

 

$

 

   

 

 

 

 

 

 

 

Net income available to Class B common stockholders:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1,160,000

 

 

$

(3,000

)

Less: amount attributable to Class A common stockholders

 

 

(4,213,000

)

 

 

 

Net (loss) attributable to Class B common stockholders

 

$

(3,053,000

)

 

$

(3,000

)