Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of net income (loss) available to each class of common stockholders

    Three months ended  
    March 31  
    2020     2019  
             
Net income available to Class A common stockholders:            
Interest income   $ 936,000     $ 1,761,000  
Less: Income and franchise taxes     (236,000 )     (410,000 )
Expenses available to be paid with interest income from Trust (up to a maximum of $750,000 per year)     (188,000 )     (212,000 )
Net income available to Class A common stockholders   $ 512,000     $ 1,139,000  

 

    Three months ended  
    March 31,  
    2020     2019  
             
Net income available to Class F common stockholders:            
Net income   $ 284,000     $ 1,139,000  
Less: amount attributable to Class A common stockholders     (512,000 )     (1,139,000 )
Net income (loss) available to class F common stockholders   $ (228,000 )   $ -