Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2019 |
Summary of Significant Accounting Policies [Abstract] |
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Fair Value of MSA Escrow Account |
The following shows the fair value of the MSA escrow account:
| | As of September 30, 2019 | | | As of December 31, 2018 | | | | Cost and Estimated Fair Value | | | Cost | | | Gross Unrealized Gains | | | Gross Unrealized Losses | | | Estimated Fair Value | | Cash and cash equivalents | | $ | 32,074 | | | $ | 2,361 |
| | $ | - | | | $ | - | | | $ | 2,361
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| U.S. Governmental agency obligations (unrealized gain position < 12 months) | | | - | | | | 1,193 | | | | 9 | | | | - | | | | 1,202 | | U.S. Governmental agency obligations (unrealized loss position < 12 months) | | | - | | | | 1,000 | | | | - | | | | (3 | ) | | | 997 | | U.S. Governmental agency obligations (unrealized loss position > 12 months) | | | - | | | | 27,519 | | | | - | | | | (1,529 | ) | | | 25,990 | | | | $ | 32,074 | | | $ | 32,073
| | | $ | 9 | | | $ | (1,532 | ) | | $ | 30,550 |
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Maturities of U.S. Governmental Agency Obligations |
Fair value for the U.S. Governmental agency obligations are Level 2. The following shows the maturities of the U.S. Governmental agency obligations:
| | As of | | | | December 31, 2018 | | Less than one year | | $ | 1,499 | | One to five years | | | 13,591 | | Five to ten years | | | 11,152 | | Greater than ten years | | | 3,470 | | Total U.S. Governmental agency obligations | | $ | 29,712 | |
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Deposits by Sales Year for MSA Escrow Account |
The following shows the amount of deposits by sales year for the MSA escrow account:
| | Deposits as of | | Sales Year | | September 30, 2019 | | | December 31, 2018 | | | | | | | | | 1999 | | $ | 211 | | | $ | 211 | | 2000 | | | 1,017 | | | | 1,017 | | 2001 | | | 1,673 | | | | 1,673 | | 2002 | | | 2,271 | | | | 2,271 | | 2003 | | | 4,249 | | | | 4,249 | | 2004 | | | 3,714 | | | | 3,714 | | 2005 | | | 4,553 | | | | 4,552 | | 2006 | | | 3,847 | | | | 3,847 | | 2007 | | | 4,167 | | | | 4,167 | | 2008 | | | 3,364 | | | | 3,364 | | 2009 | | | 1,619 | | | | 1,619 | | 2010 | | | 406 | | | | 406 | | 2011 | | | 193 | | | | 193 | | 2012 | | | 199 | | | | 199 | | 2013 | | | 173 | | | | 173 | | 2014 | | | 143 | | | | 143 | | 2015 | | | 101 | | | | 101 | | 2016 | | | 91 | | | | 91 | | 2017 | | | 83 | | | | 83 | | | | | | | | | | | Total | | $ | 32,074 | | | $ | 32,073 | |
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