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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, at fair value (amortized cost of $37,635 and $38,107, respectively) $ 36,856 $ 36,473
Equity investments, at fair value (cost of $10 and $73, respectively) 0 79
Investments in private companies, at adjusted cost 696 854
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 166 161
Total investments 41,060 41,881
Cash and cash equivalents 6,508 9,098
Restricted cash 8,630 8,400
Accrued investment income 867 914
Other Receivables 696 726
Deferred contract costs 14,094 13,734
Income taxes recoverable 556 1,299
Property and equipment, net of accumulated depreciation of $1,571 and $1,158, respectively 1,591 1,850
Right-of-use asset 1,615 886
Goodwill 56,887 50,358
Intangible assets, net of accumulated amortization of $32,445 and $28,137, respectively 42,321 35,670
Other assets 6,314 5,066
Assets held for sale 0 17,752
Total Assets 191,124 197,717
Liabilities:    
Accrued expenses and other liabilities 21,725 22,342
Deferred service fees 84,658 83,995
Bank loans 44,778 30,822
Subordinated debt, at fair value 13,681 13,594
Lease liability 1,899 1,198
Net deferred income tax liabilities 4,708 5,041
Liabilities held for sale 0 16,114
Total Liabilities 171,449 173,106
Shareholders' Equity:    
Common stock, $0.01 par value; 50,000,000 authorized; 28,106,854 and 27,771,790 issued at September 30, 2024 and December 31, 2023, respectively; and 27,123,827 and 27,101,613 outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 376,565 379,813
Treasury stock, at cost; 983,027 and 670,177 outstanding at September 30, 2024 and December 31, 2023, respectively (6,200) (3,696)
Accumulated deficit (359,665) (346,868)
Accumulated other comprehensive loss (762) (1,540)
Shareholders' equity attributable to common shareholders 9,938 27,709
Noncontrolling interests in consolidated subsidiaries 1,487 (3,098)
Total Shareholders' Equity 11,425 24,611
Total Liabilities, Class B preferred stock and Shareholders' Equity 191,124 197,717
Redeemable Class B Preferred Stock [Member]    
Liabilities:    
Redeemable Class B preferred stock, $0.01 par value; 330,000 authorized, issued and outstanding at September 30, 2024; redemption amount of $8,250 at September 30, 2024 8,250 0
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $320 and $243, respectively 9,985 10,083
Liabilities:    
Deferred service fees 84,658 83,995
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 651 812
Limited liability investment, at fair value $ 2,691 $ 3,496