XML 36 R25.htm IDEA: XBRL DOCUMENT v3.20.2

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Disaggregation of revenue

Disaggregation of revenue
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2020				2019				2020				2019
		(In thousands)
Paid-up Revenue Agreements		$	19,385			$	1,203			$	24,477			$	6,067
Recurring Revenue Agreements			81				508				922				4,491
Total Revenue		$	19,466			$	1,711			$	25,399			$	10,558

Gain (loss) on trading securities

Gain (loss) on trading securities
		Cost				Gross Unrealized Gain				Gross Unrealized Loss				Fair Value
		(In thousands)
Security Type
September 30, 2020:
Trading securities - equity		$	23,851			$	4,218			$	(3,598	)		$	24,471
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 September 30, 2020:

Trading securities - equity

$

24,471

$

–

$

–

Equity securities derivative

17,818

–

–

Investment at fair value - warrants (Note 5)

–

982

–

Total recurring fair value measurements as of September 30, 2020

$

42,289

$

982

$

–

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 September 30, 2020:
Series A warrants		$	–			$	5,604			$	–
Series B warrants			–				–				42,796
Embedded derivative liability			–				–				25,682
Total liabilities as of September 30, 2020		$	–			$	5,604			$	68,478

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			7,708				38,196
Balance as of September 30, 2020		$	25,682			$	42,796

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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 (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration