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

Investments and Fair Value of Financial Instruments (Tables)

v3.20.2
Investments and Fair Value of Financial Instruments (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Fair Value Disclosures [Abstract]    
Schedule of Investments at Fair Value

Investments at Fair Value:

 

As of September 30, 2020   Level 1     Level 2     Level 3     Total  
                         
Warrants - Affiliates   $ -     $ -     $ 1,731     $ 1,731  
Government Bond     58,568       -       -       58,568  

 

As of December 31, 2019   Level 1     Level 2     Level 3     Total  
                         
Warrants - Affiliates   $ -     $ -     $ 3,470     $ 3,470  
Government Bond     74,485       -       -       74,485  

Investments at Fair Value:

 

As of December 31, 2019   Level 1     Level 2     Level 3     Total  
Warrants - Affiliates   $ -     $ -     $ 3,470     $ 3,470  
Government Bond     74,485       -       -       74,485  

 

As of December 31, 2018   Level 1     Level 2     Level 3     Total  
Warrants - Affiliates   $ -     $ -     $ 7,840     $ 7,840  
                                 
Schedule of Fair Value, Assets Measured on Recurring Basis

A reconciliation of Level 3 assets is as follows:

 

    Warrants - Affiliates  
       
Balance - January 1, 2020   $ 3,470  
Unrealized gain     (1,739 )
Balance - September 30, 2020   $ 1,731  

A reconciliation of Level 3 assets is as follows:

 

    Warrants  
Balance - January 1, 2018   $ 26,401  
Unrealized loss     (18,561 )
Balance - December 31, 2018     7,840  
Unrealized loss     (4,370 )
Balance - December 31, 2019   $ 3,470