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Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Accounting Policies [Abstract]    
Schedule of Cash and Restricted Cash

The reconciliation of cash and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the statement of cash flows is as follows:

 

    September 30,
2020
    September 30,
2019
 
Cash   $ 13,282     $ 61,301  
Restricted cash     488,289       500,141  
Total cash and restricted cash   $ 501,571     $ 561,442  

The reconciliation of cash and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the statement of cash flows is as follows:

 

   

December 31,

2019

   

December 31,

2018

 
Cash   $ 6,703     $ 12,456  
Restricted cash     484,882       88,750  
Total cash and restricted cash   $ 491,585     $ 101,206  

 

Schedule of Estimated Useful Life of Property Plant and Equipment
    Useful Life (in years)
Computer equipment and software   5
Office equipment and furniture   7
Leasehold improvements   Shorter of the useful life or the lease term
Software   3

The estimated useful life of the Companies Property and Equipment is as follows:

 

  Useful Life (in years)  
Computer equipment and software   5  
Office equipment and furniture   7  
Leasehold improvements   Shorter of the useful life or the lease term  
Software   3  

 

Schedule of Disaggregation Revenue

The following table disaggregates the Company’s revenue by line of business:

 

Nine months ended September 30, 2020     Medical     Life     Property and Casualty     Total  
Regular     $ 4,541,844     $ 24,262     $ 700,527     $ 5,266,633  
Contingent       -       -       26,536       26,536  
Bonus       -       -       33,206       33,206  

 

Nine months ended September 30, 2019       Medical       Life       Property and Casualty       Total  
Regular     $ 2,070,154     $ 88,678     $ 547,539     $ 2,706,371  
Contingent       -       -       -       -  
Bonus       4,005.00       -       -       4,005  

 

Three months ended September 30, 2020       Medical       Life       P&C       Total  
Regular     $ 1,441,784     $ 26,260     $ 211,999     $ 1,680,043  
Contingent       -       -       -       -  
Bonus       -       -       -       -  

 

Three months ended September 30, 2019       Medical       Life       P&C       Total  
Regular     $ 1,043,531     $ 29,144     $ 254,615     $ 1,327,290  
Contingent       -       -       -       -  
Bonus       -       -       -       -  

The following table disaggregates the Company’s revenue by line of business:

 

Year ended December 31, 2019   Medical     Life     Property and Casualty     Total  
Regular   $ 3,582,182     $ 1,810     $ 866,793     $ 4,450,785  
Contingent commission                                
Profit-sharing                                
Override commission                                
Bonuses                                
Total year ended
December 31, 2019
  $ 3,582,182     $ 1,810       8866,793     $ 4,450,785  
                                 
Period from August 1, 2018 through December 31, 2018                                
Regular   $ 382,391             $ 8,379     $ 390,770  
Contingent commission                                
Profit Sharing                                
Override commission                                
Bonuses                                
Total period from August 1, 2018 through December 31, 2018   $ 382,391             $ 8,379     $ 390,770