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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Property Plant and Equipment

Property and equipment are stated at cost. Depreciation and amortization are being provided using the straight-line method over the estimated useful lives of the assets as follows:

 

Classification   Life
Computer equipment   5 years
Furniture and fixtures   5-8 years

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table summarizes fair value measurements by level at December 31, 2018 for assets and liabilities measured at fair value on a recurring basis:

 

    Level I     Level II     Level III     Total  
Cash   $ 365,934       -       -     $ 365,934  
Loans receivable, net   $ -       -       3,174,574     $ 3,174,574  


 

The following table summarizes fair value measurements by level at December 31, 2017 for assets and liabilities measured at fair value on a recurring basis:

 

    Level I     Level II     Level III     Total  
Cash   $ 704,006       -       -     $ 704,006  
Loans receivable, net   $ -       -       4,928,704     $ 4,928,704