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Notes Receivable (Tables) | 3 Months Ended
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Mar. 31, 2020
Summary of Outstanding Note Receivable Balance | The following table sets forth the carrying value of the Company’s notes receivable:
|  | March 31, 2020 |  |  | December 31, 2019 |
AdvisorEngine – Unsecured convertible notes |  | $ | — |  |  | $ | 2,126 |
AdvisorEngine – Unsecured non-convertible note |  |  | 8,500 |  |  |  | 26,046 |
Subtotal |  | $ | 8,500 |  |  | $ | 28,172 |
Less: Allowance for credit loss (1) |  |  | (— | ) |  |  | (— | )
Carrying value, net (1) |  | $ | 8,500 |  |  | $ | 28,172 |
(1) | Credit losses of $19,672 were recognized as impairment on the Company’s Statements of Operations during the three months ended March 31, 2020 which resulted in a write-off of the carrying value of the notes receivable rather than an increase in the allowance for credit loss. This was comprised of write-offs of the carrying values of the unsecured convertible notes and unsecured non-convertible note of $2,126 and $17,546, respectively , during the three months ended March 31, 2020 . See Note 7 for additional information.
Notes Receivable [Member] |
Summary of Company Allowance For Credit Loss | The following table sets for a rollforward of the Company’s allowance for credit loss on notes receivable:
|  | Total |  |  | Notes Receivable |  |  | Accrued Interest |
Unsecured Convertible Note: |  |  |  |  |  |  |  |  |  |  |  |
Balance on January 1, 2020 |  | $ | — |  |  | $ | — |  |  | $ | — |
Increase in allowance for credit loss (1) |  |  | (2,126 | ) |  |  | (2,090 | ) |  |  | (36 | )
Write-offs charged against the allowance (1) |  |  | 2,126 |  |  |  | 2,090 |  |  |  | 36 |
Balance on March 31, 2020 |  | $ | (— | ) |  | $ | (— | ) |  | $ | (— | )
Unsecured Non-Convertible Note: |  |  |  |  |  |  |  |  |  |  |  |
Balance on January 1, 2020 |  | $ | — |  |  | $ | — |  |  | $ | — |
Increase in allowance for credit loss (1) |  |  | (17,546 | ) |  |  | (14,618 | ) |  |  | (2,928 | )
Write-offs charged against the allowance (1) |  |  | 17,546 |  |  |  | 14,618 |  |  |  | 2,928 |
Balance on March 31, 2020 |  | $ | (— | ) |  | $ | (— | ) |  | $ | (— | )
Allowance for credit losses – Total: |  | $ | (— | ) |  | $ | (— | ) |  | $ | (— | )
(1) | Total increase in allowance for credit loss of $19,672 was recorded as impairment on the Company’s Consolidated Statements of Operations. Write-offs were charged against the allowance as the Company is in receipt of information that contractual amounts of principal and interest due will not be paid in connection with the exit from its investment in AdvisorEngine. See Note 7 for additional information.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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