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.