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

2. Summary of Significant Accounting Policies (Tables)

v3.20.4
2. Summary of Significant Accounting Policies (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Accounting Policies [Abstract]    
Schedule of estimated useful lives of property, plant and equipment

Depreciation is computed using the straight-line method. Estimated useful lives are as follows:

 

Fixed assets Useful life
Furniture 5 years
Equipment 5 years
Warehouse 39 years
Improvement 5 years
Construction in progress –
Land –
Fixed assets Useful life
Furniture 5 years
Equipment 5 years
Warehouse 39 years
Improvement 5 years
Construction in progress -
Land -
Schedule of estimated useful lives of intangible assets

Estimated useful lives of intangible assets are as follows:

 

Intangible assets Useful life
Market related intangible assets 5 years
Intangible assets Useful life
Market related intangible assets 5 years
Schedule of antidilutive shares

The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

 

Nine months ended September 30,   2020     2019  
Stock options     210,000       –  
Total     210,000       –  
Years ended December 31,   2019     2018  
Stock options     87,500       –  
Total     87,500       –