XML 25 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Cash, Cash Equivalent, and Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Cash and Cash Equivalents [Abstract] |
Schedule of Cash, Available-for-sale Securities, Short-term and Long-term Investment Securities | The following table shows the Company’s cash, available-for-sale securities, and short-term and long-term investment securities by major security type as of March 31, 2020 and December 31, 2019:
| March 31, 2020 (Unaudited) |  |  |  |  |  |  |  |
|  |  |  |  | Gross |  | Gross |  |
| Level |  |  |  | Unrealized |  | Unrealized |  |
| (1) |  | Fair Value |  | Holding Gains |  | Holding Losses |  | Adjusted Cost
Cash and Cash Equivalents |  |  |  |  |  |  |  |  |
Cash |  |  | $ | 523,626 |  |  | $ | — |  |  | $ | — |  |  | $ | 523,626 |
Money Market Funds | 1 |  | 4,173,205 |  |  | — |  |  | — |  |  | 4,173,205 |
Subtotal |  |  | 4,696,831 |  |  | — |  |  | — |  |  | 4,696,831 |
Short-Term Investment Securities (2) |  |  |  |  |  |  |  |  |
Corporate Bonds (4) | 2 |  | 26,439,982 |  |  | — |  |  | (147,770) |  |  | 26,587,752 |
Long-Term Investment Securities (3) |  |  |  |  |  |  |  |  |
Corporate Bonds (4) | 2 |  | 2,536,610 |  |  | 24,812 |  |  | (6,362) |  |  | 2,518,160 |
Total |  |  | $ | 33,673,423 |  |  | $ | 24,812 |  |  | $ | (154,132) |  |  | $ | 33,802,743 |
| December 31, 2019 (Audited) |  |  |  |  |  |  |  |
|  |  |  |  | Gross |  | Gross |  |
| Level |  |  |  | Unrealized |  | Unrealized |  |
| (1) |  | Fair Value |  | Holding Gains |  | Holding Losses |  | Adjusted Cost
Cash and Cash Equivalents |  |  |  |  |  |  |  |  |  |
Cash |  |  | $ | 1,010,510 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,010,510 |
Money Market Funds | 1 |  | 3,813,034 |  |  | — |  |  | — |  |  | 3,813,034 |
Subtotal |  |  | 4,823,544 |  |  | — |  |  | — |  |  | 4,823,544 |
Short-Term Investment Securities (2) |  |  |  |  |  |  |  |  |
Corporate Bonds (4) | 2 |  | 29,387,053 |  |  | 5,898 |  |  | (17,991) |  |  | 29,399,146 |
Long-Term Investment Securities (3) |  |  |  |  |  |  |  |  |  |
Corporate Bonds (4) | 2 |  | 1,528,190 |  |  | 16,554 |  |  | — |  |  | 1,511,636 |
Total |  |  | $ | 35,738,787 |  |  | $ | 22,452 |  |  | $ | (17,991) |  |  | $ | 35,734,326 |
_________________ Notes: (1) Definition of the three-level fair value hierarchy: •Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities •Level 2 - Other inputs that are directly or indirectly observable in the markets •Level 3 - Inputs that are generally unobservable (2) Short-term investment securities will mature within 12 months or less, from the applicable reporting date. (3) Long-term investment securities will mature between 12 and 18 months, from the applicable reporting date. (4) The premium paid to purchase held-to-maturity investment securities was $196,385 and $80,855 for the three months ended March 31, 2020 and 2019, respectively. The premium paid to purchase held-to-maturity investment securities was $233,550 for the year ended December 31, 2019.

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration