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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities, at fair value (amortized cost of $38,581 and $40,127, respectively) $ 36,193 $ 37,591
Equity investments, at fair value (cost of $187 and $187, respectively) 2,935 153
Limited liability investments, at fair value 0 13,863
Investments in private companies, at adjusted cost 790 790
Other investments, at cost which approximates fair value (net of allowance of $95 and zero, respectively) 95 201
Short-term investments, at cost which approximates fair value 158 157
Total investments 44,758 56,934
Cash and cash equivalents 14,162 64,168
Restricted cash 9,618 13,064
Accrued investment income 877 1,195
Other receivables, net of allowance of $8 and $8, respectively 1,337 3,720
Deferred contract costs 13,792 13,257
Income taxes recoverable 216 0
Property and equipment, net of accumulated depreciation of $988 and $1,041, respectively 640 773
Right-of-use asset 927 911
Goodwill 45,488 45,498
Intangible assets, net of accumulated amortization of $25,056 and $22,228, respectively 30,271 33,099
Other assets 3,732 23,249
Assets held for sale 19,455 19,478
Total Assets 195,344 285,650
Liabilities:    
Accrued expenses and other liabilities 26,674 55,801
Income taxes payable 0 945
Deferred service fees 82,833 82,713
Bank loans 29,501 34,281
Subordinated debt, at fair value 12,544 67,811
Lease liability 1,260 1,217
Net deferred income tax liabilities 4,288 4,176
Liabilities held for sale 16,324 16,585
Total Liabilities 173,424 263,529
Shareholders' Equity:    
Common stock, no par value; 50,000,000 authorized; 25,685,302 and 23,437,530 issued at June 30, 2023 and December 31, 2022, respectively; and 25,431,552 and 23,190,080 outstanding at June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 371,118 359,985
Treasury stock, at cost; 253,750 and 247,450 outstanding at June 30, 2023 and December 31, 2022, respectively (543) (492)
Accumulated deficit (344,025) (370,427)
Accumulated other comprehensive (loss) income (1,258) 26,605
Shareholders' equity attributable to common shareholders 25,292 15,671
Noncontrolling interests in consolidated subsidiaries (3,372) 437
Total Shareholders' Equity 21,920 16,108
Total Liabilities, Class A preferred stock and Shareholders' Equity 195,344 285,650
Redeemable Class A Preferred Stock [Member]    
Liabilities:    
Redeemable Class A preferred stock, no par value; 1,000,000 authorized; zero and 149,733 issued and outstanding at June 30, 2023 and December 31, 2022, respectively; redemption amount of zero and $6,013 at June 30, 2023 and December 31, 2022, respectively 0 6,013
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $259 and $147, respectively 10,071 10,304
Liabilities:    
Deferred service fees 82,833 82,713
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 899 983
Limited liability investments, at fair value $ 3,688 $ 17,059