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

Reward Card Program Liability

v3.21.4
Reward Card Program Liability
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Reward Card Program Liability [Abstract]    
REWARD CARD PROGRAM LIABILITY
J. reward card program liability:

 

The Company manages reward card programs for customers. Under this program, the Company receives cash and simultaneously records a liability for the total amount received. These accounts are adjusted on a periodic basis as reward cards are funded or reduced at the direction of the customers. At September 30, 2021 and December 31, 2020, the company had deposits totaling $43,878 and $173,270, respectively.

K. reward card program liability:

 

The Company manages reward card programs for customers. Under this program, the Company receives cash and simultaneously records a liability for the total amount received. These accounts are adjusted on a periodic basis as reward cards are funded or reduced at the direction of the customers. At December 31, 2020 and 2019, the company had deposits totaling $173,270 and $2,069,119, respectively.