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

Significant Accounting Policies (Tables)

v3.19.2
Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Accounting Policies [Abstract]    
Assets and liabilities measured at fair value on a recurring basis
June 30, 2019   Level 1     Total  
Assets            
Cash equivalents(1)   $ 5,066,830     $ 5,066,830  
Total   $ 5,066,830     $ 5,066,830  

 

(1) Cash equivalents represent the fair value of the Company’s investment in a money market account at June 30, 2019.

  

December 31, 2018   Level 1     Total  
Assets            
Cash equivalents(1)   $ 6,788,333     $ 6,788,333  
Total   $ 6,788,333     $ 6,788,333  

 

(1) Cash equivalents represent the fair value of the Company’s investment in a money market account at December 31, 2018.

 

December 31, 2018   Level 1   Level 2   Total
  Assets                          
  Cash equivalents(1)     $ 6,788,333     $ —       $ 6,788,333  
  Total     $ 6,788,333     $ —       $ 6,788,333  

 

(1) Cash equivalents represent the fair value of the Company’s investments in a money market account at December 31, 2018.      

 

December 31, 2017   Level 1   Level 2   Total
  Assets                          
  Cash equivalents(1)     $ 8,872,982     $ —       $ 8,872,982  
  Restricted cash(2)       31       800,000       800,031  
  Total     $ 8,873,013     $ 800,000     $ 9,673,013  

 

(1) Cash equivalents represent the fair value of the Company’s investments in two money market accounts at December 31, 2017.

(2) Restricted cash represents the fair value of the Company’s investments in an $800,000 certificate of deposit and $31 in a money market account at December 31, 2017.