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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Disaggregation of revenue |
Disaggregation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |
Paid-up Revenue Agreements |  | $ | 1,792 |  |  | $ | 4,864 |  |  | $ | 5,092 |  |  | $ | 4,864 |
Recurring Revenue Agreements |  |  | 326 |  |  |  | 596 |  |  |  | 841 |  |  |  | 3,983 |
Total Revenue |  | $ | 2,118 |  |  | $ | 5,460 |  |  | $ | 5,933 |  |  | $ | 8,847 |
Gain (loss) on trading securities |
Gain (loss) on trading securities |  | Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Fair Value |
|  | (In thousands) |
Security Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities - equity |  |  | 22,539 |  |  |  | 1,914 |  |  |  | (4,756 | ) |  |  | 19,697 |
|  | $ | 22,539 |  |  | $ | 1,914 |  |  | $ | (4,756 | ) |  | $ | 19,697 |
December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities - debt |  | $ | 93,712 |  |  | $ | 143 |  |  | $ | (12 | ) |  | $ | 93,843 |
Trading securities - equity |  |  | 17,674 |  |  |  | 211 |  |  |  | (745 | ) |  |  | 17,140 |
|  | $ | 111,386 |  |  | $ | 354 |  |  | $ | (757 | ) |  | $ | 110,983 |
Schedule of fair value of financial assets and liabilities on a recurring basis |
Schedule of fair value of financial assets and liabilities on a recurring basis |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Assets as of June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Trading securities - equity |  | $ | 19,697 |  |  | $ | – |  |  | $ | – |
Equity securities derivative |  |  | 7,369 |  |  |  | – |  |  |  | – |
Investment at fair value - warrants (Note 5) |  |  | – |  |  |  | 4,063 |  |  |  | – |
Total recurring fair value measurements as of June 30, 2020 |  | $ | 27,066 |  |  | $ | 4,063 |  |  | $ | – |
Assets as of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Trading securities - debt |  | $ | – |  |  | $ | 93,843 |  |  | $ | – |
Trading securities - equity |  |  | 17,140 |  |  |  | – |  |  |  | – |
Investment at fair value - warrants (Note 5) |  |  | – |  |  |  | 757 |  |  |  | – |
Investment at fair value - common stock (Note 5) |  |  | 743 |  |  |  | – |  |  |  | – |
Total recurring fair value measurements as of December 31, 2019 |  | $ | 17,883 |  |  | $ | 94,600 |  |  | $ | – |
Liabilities as of June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Series A warrants |  | $ | – |  |  | $ | 6,952 |  |  | $ | – |
Series B warrants |  |  | – |  |  |  | – |  |  |  | 58,290 |
Embedded derivative liability |  |  | – |  |  |  | – |  |  |  | 29,513 |
Total liabilities as of June 30, 2020 |  | $ | – |  |  | $ | 6,952 |  |  | $ | 87,803 |
Liabilities as of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Series A warrants |  | $ | – |  |  | $ | 3,568 |  |  | $ | – |
Embedded derivative liability |  |  | – |  |  |  | – |  |  |  | 17,974 |
Total liabilities as of December 31, 2019 |  | $ | – |  |  | $ | 3,568 |  |  | $ | 17,974 |
Summary of changes in financial liability Level 3 |
Summary of changes in financial liability Level 3 |  | Series A Preferred Stock Embedded Derivative Liability |  |  | Series B Warrants Liability |
|  | (In thousands) |
Opening balance as of December 31, 2019 |  | $ | 17,974 |  |  | $ | – |
Issuance of Series B warrants |  |  | – |  |  |  | 4,600 |
Remeasurement to fair value |  |  | 11,539 |  |  |  | 53,690 |
Balance as of June 30, 2020 |  | $ | 29,513 |  |  | $ | 58,290 |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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