OTHER ASSETS

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Current Assets [TextBlock]

NOTE 5. OTHER ASSETS

The composition of other assets at December 31, 2019 and 2018 follows:

(in thousands)
		2019		2018
Prepaid expenses	$	215	$	299
Refundable income taxes withheld		1,578		1,430
Servicing advances		205		207
Servicing sale receivable, including accrued interest		159		223
Investment in Bimini Capital Trust II		804		804
Due from affiliates		622		654
Other		135		124
Total other assets	$	3,718	$	3,741

Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the counterparty to make required payments, if any. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. As of December 31, 2019 and 2018, management determined that no allowance for doubtful accounts was necessary. Collections on amounts previously written off are included in income as received.