General form of registration statement for all companies including face-amount certificate companies

Other liabilities

v3.20.1
Other liabilities
 12 Months Ended
Dec. 31, 2019
Other liabilities [Abstract]  
Other liabilities
Note 12 – Other liabilities

Other liabilities consist of the following:

Dollars in thousands
  
December 31, 2019
    
December 31, 2018
  
Cash advance
  
$
-
    
$
1,899
  
Investor prepayment
    
500
      
-
  
Deferred rent
    
-
      
15
  
Total other liabilities
  
$
500
    
$
1,914
  

During fiscal year 2018, the Company received net cash advances totaling $1.9 million from a third-party lender, that were secured by customer payments on future sales and receivables.  At December 31, 2019, the Company held $0.5 million as a prepayment for the issuance of common stock in 2020.