XML 60 R46.htm IDEA: XBRL DOCUMENT v3.19.1
Acquisition of Management Company (Details) - USD ($)
12 Months Ended
Oct. 01, 2018
Dec. 31, 2018
Dec. 31, 2017
Consideration paid in the merger: [Abstract]      
ACY stock consideration   $ 2,002,900  
Fair value of assets acquired/(liabilities assumed): [Abstract]      
Settlement Loss on Management Agreement with JMC   $ 2,527,000 $ 0
JHC [Member]      
Acquisition of Management Company [Abstract]      
Liabilities assumed $ 900,000    
Equity consideration (in shares) 129,217 129,217  
Accrued acquisition costs   $ 485,000 $ 619,400
Goodwill $ 0    
Consideration paid in the merger: [Abstract]      
Cash consideration 2,915,000    
ACY stock consideration 2,003,000    
Total consideration paid 4,918,000    
Fair value of assets acquired/(liabilities assumed): [Abstract]      
Cash 40,000    
Securities 121,000    
Accounts & note receivable 28,000    
Prepaid expenses 157,000    
Property, equipment and furnishings 79,000    
Office leasehold 925,000    
Accounts payable (85,000)    
Accrued vacation (93,000)    
Taxes payable (722,000)    
Deferred taxes (138,000)    
Total fair value of assets acquired/(liabilities assumed) 312,000    
Excess of consideration paid over net assets acquired 4,606,000    
Waiver of JMC Margin payable (1,517,000)    
Settlement of payable to JMC (562,000)    
Settlement Loss on Management Agreement with JMC $ 2,527,000