Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of net income (loss) available to each class of common stockholders

 

    Year ended  
    December 31,  
    2019     2018  
             
Net income available to Class A common stockholders:            
Interest income   $ 6,482,000       5,559,000  
Less:  Income and franchise taxes     (1,520,000 )     (1,330,000 )
Expenses available to be paid with interest income from Trust (up to a maximum of $750,000 per year)     (125,000 )     (1,372,000 )
Net income available to Class A common stockholders   $ 4,837,000     $ 2,857,000  
                 
Net income available to Class F common stockholders:                
Net income   $ 1,387,000     $ 2,806,000  
Less: amount attributable to Class A common stockholders     (4,837,000 )     (2,857,000 )
Net (loss) available to class F common stockholders   $ (3,450,000 )   $ (51,000 )