Annual report pursuant to Section 13 and 15(d)

Note 2 - Summary of significant accounting policies: Investments in securities, at fair value (Policies)

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Note 2 - Summary of significant accounting policies: Investments in securities, at fair value (Policies)
12 Months Ended
Dec. 31, 2019
Policies  
Investments in securities, at fair value

Investments in securities, at fair value

 

Investment in securities consists of debt and equity securities reported at fair value. The Company adopted ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities,” effective January 1, 2018, which requires that any change in fair value is reported in net income. The adoption of the guidance resulted in the recognition of $34,822 of net after-tax unrealized gains on equity investments as a cumulative effect adjustment that decreased our retained deficit as of January 1, 2018, and decreased AOCI by the same amount. The Company elected to report changes in the fair value of equity investment in realized investment gains (losses), net.