Supplemental Balance Sheet Information	9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Balance Sheet Information	Note 5 — Supplemental Balance Sheet Information Additional supplemental balance sheet information is provided as follows: Other current assets of $1.5 million as of September 30, 2020 include restricted cash of $1.2 million and a $0.3 million minimum tax refund. Property and equipment consists of quantitative trading software purchased from GEH Capital, LLC (“GEH”). The asset is depreciated on a straight-line basis over a useful life of three years. Net property and equipment of $1.6 million as of September 30, 2020 consists of the purchased cost of $1.7 million less accumulated depreciation of $0.1 million. The residual values, useful life and depreciation method are reviewed at each financial year end to ensure that the amount, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of property and equipment. See Note 14 – Related Party Transactions for more information the software purchase. An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. The difference between the net disposal proceeds, if any and the net carrying amount is recognised in income statement. Total assets of as of September 30, 2020 include a $12.8 million investment in Arrive LLC (“Arrive”). Historically, we accounted for such investments under the cost method of accounting. The adoption of ASU No. 2016-01 in the first quarter of 2018 effectively eliminated the cost method of accounting, and the carrying value of this investment is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. Our strategic investment in equity securities does not have a readily determinable fair value; therefore, the new guidance was adopted prospectively. As of September 30, 2020, there were no indicators of impairment for this investment. The Company will assess the investment for potential impairment, quarterly. Other assets of $1.0 million as of September 30, 2020 include a $0.3 million minimum tax refund.

Supplemental Balance Sheet Information

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Note 5 — Supplemental Balance Sheet Information

Additional supplemental balance sheet information is provided as follows:

Other current assets of $1.5 million as of September 30, 2020 include restricted cash of $1.2 million and a $0.3 million minimum tax refund.

Property and equipment consists of quantitative trading software purchased from GEH Capital, LLC (“GEH”). The asset is depreciated on a straight-line basis over a useful life of three years. Net property and equipment of $1.6 million as of September 30, 2020 consists of the purchased cost of $1.7 million less accumulated depreciation of $0.1 million. The residual values, useful life and depreciation method are reviewed at each financial year end to ensure that the amount, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of property and equipment. See Note 14 – Related Party Transactions for more information the software purchase.

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. The difference between the net disposal proceeds, if any and the net carrying amount is recognised in income statement.

Total assets of as of September 30, 2020 include a $12.8 million investment in Arrive LLC (“Arrive”). Historically, we accounted for such investments under the cost method of accounting. The adoption of ASU No. 2016-01 in the first quarter of 2018 effectively eliminated the cost method of accounting, and the carrying value of this investment is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. Our strategic investment in equity securities does not have a readily determinable fair value; therefore, the new guidance was adopted prospectively. As of September 30, 2020, there were no indicators of impairment for this investment. The Company will assess the investment for potential impairment, quarterly.

Other assets of $1.0 million as of September 30, 2020 include a $0.3 million minimum tax refund.