XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, at fair value (amortized cost of $38,295 and $38,107, respectively) $ 36,585 $ 36,473
Equity investments, at fair value (cost of $10 and $73, respectively) 0 79
Investments in private companies, at adjusted cost 854 854
Other investments, at cost which approximates fair value (net of allowance of $179 and $179, respectively) 0 6
Short-term investments, at cost which approximates fair value 163 161
Total investments 41,843 41,881
Cash and cash equivalents 12,112 9,098
Restricted cash 7,909 8,400
Accrued investment income 988 914
Other Receivables 346 726
Deferred contract costs 13,793 13,734
Income taxes recoverable 938 1,299
Property and equipment, net of accumulated depreciation of $1,285 and $1,158, respectively 1,914 1,850
Right-of-use asset 1,160 886
Goodwill 50,452 50,358
Intangible assets, net of accumulated amortization of $29,552 and $28,137, respectively 33,744 35,670
Other assets, net of allowance for credit losses of $21 and zero, respectively 4,964 5,066
Assets held for sale 17,309 17,752
Total Assets 197,968 197,717
Liabilities:    
Accrued expenses and other liabilities 23,915 22,342
Deferred service fees 84,002 83,995
Bank loans 33,410 30,822
Subordinated debt, at fair value 13,651 13,594
Lease liability 1,456 1,198
Net deferred income tax liabilities 4,956 5,041
Liabilities held for sale 15,936 16,114
Total Liabilities 177,326 173,106
Shareholders' Equity:    
Common stock, no par value; 50,000,000 authorized; 28,050,686 and 27,771,790 issued at March 31, 2024 and December 31, 2023, respectively; and 27,372,509 and 27,101,613 outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 378,289 379,813
Treasury stock, at cost; 678,177 and 670,177 outstanding at March 31, 2024 and December 31, 2023, respectively (3,760) (3,696)
Accumulated deficit (349,353) (346,868)
Accumulated other comprehensive loss (1,588) (1,540)
Shareholders' equity attributable to common shareholders 23,588 27,709
Noncontrolling interests in consolidated subsidiaries (2,946) (3,098)
Total Shareholders' Equity 20,642 24,611
Total Liabilities and Shareholders' Equity 197,968 197,717
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $238 and $243, respectively 10,496 10,083
Liabilities:    
Deferred service fees 84,002 83,995
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 753 812
Limited liability investments, at fair value $ 3,488 $ 3,496