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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturities, at fair value (amortized cost of $39,267 and $40,127, respectively) $ 37,157 $ 37,591
Equity investments, at fair value (cost of $187 and $187, respectively) 1,228 153
Limited liability investments, at fair value 8,291 13,863
Investments in private companies, at adjusted cost 790 790
Other investments, at cost which approximates fair value 196 201
Short-term investments, at cost which approximates fair value 158 157
Total investments 52,211 56,934
Cash and cash equivalents 8,291 64,168
Restricted cash 11,461 13,064
Accrued investment income 893 1,195
Other receivables, net of allowance of $8 and $8, respectively 2,323 3,720
Deferred contract costs 13,484 13,257
Property and equipment, net of accumulated depreciation of $1,115 and $1,041, respectively 704 773
Right-of-use asset 1,014 911
Goodwill 45,488 45,498
Intangible assets, net of accumulated amortization of $23,646 and $22,228, respectively 31,681 33,099
Other assets 3,750 23,249
Assets held for sale 19,402 19,478
Total Assets 201,255 285,650
Liabilities:    
Accrued expenses and other liabilities 26,502 55,801
Income taxes payable 1,782 945
Deferred service fees 82,367 82,713
Bank loans 31,041 34,281
Subordinated debt, at fair value 11,808 67,811
Lease liability 1,333 1,217
Net deferred income tax liabilities 4,260 4,176
Liabilities held for sale 16,393 16,585
Total Liabilities 175,486 263,529
Shareholders' Equity:    
Common stock, no par value; 50,000,000 authorized; 25,444,701 and 23,437,530 issued at March 31, 2023 and December 31, 2022, respectively; and 25,197,251 and 23,190,080 outstanding at March 31, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 371,356 359,985
Treasury stock, at cost; 247,450 and 247,450 outstanding at March 31, 2023 and December 31, 2022, respectively (492) (492)
Accumulated deficit (342,585) (370,427)
Accumulated other comprehensive (loss) income (594) 26,605
Shareholders' equity attributable to common shareholders 27,685 15,671
Noncontrolling interests in consolidated subsidiaries (3,135) 437
Total Shareholders' Equity 24,550 16,108
Total Liabilities, Class A preferred stock and Shareholders' Equity 201,255 285,650
Redeemable Class A Preferred Stock [Member]    
Liabilities:    
Redeemable Class A preferred stock, no par value; 1,000,000 authorized; 30,000 and 149,733 issued and outstanding at March 31, 2023 and December 31, 2022, respectively; redemption amount of $1,219 and $6,013 at March 31, 2023 and December 31, 2022, respectively 1,219 6,013
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $182 and $147, respectively 10,553 10,304
Liabilities:    
Deferred service fees 82,367 82,713
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 949 983
Limited liability investments, at fair value $ 11,733 $ 17,059