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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, at fair value (amortized cost of $37,903 and $38,107, respectively) $ 36,274 $ 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 165 161
Total investments 40,851 41,881
Cash and cash equivalents 9,594 9,098
Restricted cash 8,362 8,400
Accrued investment income 970 914
Other Receivables 375 726
Deferred contract costs 13,993 13,734
Income taxes recoverable 652 1,299
Property and equipment, net of accumulated depreciation of $1,444 and $1,158, respectively 1,530 1,850
Right-of-use asset 1,186 886
Goodwill 50,770 50,358
Intangible assets, net of accumulated amortization of $31,008 and $28,137, respectively 31,798 35,670
Other assets 5,088 5,066
Assets held for sale 17,332 17,752
Total Assets 192,343 197,717
Liabilities:    
Accrued expenses and other liabilities 20,871 22,342
Deferred service fees 84,869 83,995
Bank loans 33,554 30,822
Subordinated debt, at fair value 13,715 13,594
Lease liability 1,469 1,198
Net deferred income tax liabilities 4,800 5,041
Liabilities held for sale 15,848 16,114
Total Liabilities 175,126 173,106
Shareholders' Equity:    
Common stock, no par value; 50,000,000 authorized; 28,050,686 and 27,771,790 issued at June 30, 2024 and December 31, 2023, respectively; and 27,261,959 and 27,101,613 outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 378,554 379,813
Treasury stock, at cost; 788,727 and 670,177 outstanding at June 30, 2024 and December 31, 2023, respectively (4,650) (3,696)
Accumulated deficit (351,716) (346,868)
Accumulated other comprehensive loss (1,526) (1,540)
Shareholders' equity attributable to common shareholders 20,662 27,709
Noncontrolling interests in consolidated subsidiaries (3,445) (3,098)
Total Shareholders' Equity 17,217 24,611
Total Liabilities and Shareholders' Equity 192,343 197,717
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $200 and $243, respectively 9,842 10,083
Liabilities:    
Deferred service fees 84,869 83,995
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 650 812
Limited liability investment, at fair value $ 2,908 $ 3,496