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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, at fair value (amortized cost of $38,117 and $38,107, respectively) $ 36,963 $ 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 169 161
Total investments 41,337 41,881
Cash and cash equivalents 5,493 9,098
Restricted cash 7,643 8,400
Accrued investment income 841 914
Other Receivables 1,000 726
Deferred contract costs 13,889 13,734
Income taxes receivable 574 1,299
Property and equipment, net of accumulated depreciation of $1,720 and $1,158, respectively 1,567 1,850
Right-of-use asset 2,390 886
Goodwill 56,524 50,358
Intangible assets, net of accumulated amortization of $34,442 and $28,137, respectively 40,049 35,670
Other assets 5,948 5,066
Assets held for sale 0 17,752
Total Assets 186,616 197,717
Liabilities:    
Accrued expenses and other liabilities 20,616 22,342
Deferred service fees 83,108 83,995
Bank loans 44,128 30,822
Subordinated debt, at fair value 13,409 13,594
Lease liability 2,682 1,198
Net deferred income tax liabilities 4,371 5,041
Liabilities held for sale 0 16,114
Total Liabilities 168,314 173,106
Shareholders' Equity:    
Common stock, $0.01 par value; 50,000,000 authorized; 28,119,776 and 27,771,790 issued at December 31, 2024 and December 31, 2023, respectively; and 27,136,749 and 27,101,613 outstanding at December 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 376,784 379,813
Treasury stock, at cost; 983,027 and 670,177 outstanding at December 31, 2024 and December 31, 2023, respectively (6,200) (3,696)
Accumulated deficit (361,453) (346,868)
Accumulated other comprehensive loss (718) (1,540)
Shareholders' equity attributable to common shareholders 8,413 27,709
Noncontrolling interests in consolidated subsidiaries 1,639 (3,098)
Total Shareholders' Equity 10,052 24,611
Total Liabilities, Class B preferred stock and Shareholders' Equity 186,616 197,717
Redeemable Class B Preferred Stock [Member]    
Liabilities:    
Redeemable Class B preferred stock, $0.01 par value; 330,000 authorized, issued and outstanding at December 31, 2024; redemption amount of $8,250 at December 31, 2024 8,250 0
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $626 and $243, respectively 9,361 10,083
Liabilities:    
Deferred service fees 83,108 83,995
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 650 812
Limited liability investment, at fair value $ 2,859 $ 3,496