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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturities, at fair value (amortized cost of $37,723 and $38,117, respectively) $ 36,956 $ 36,963
Investments in private companies, at adjusted cost 628 696
Short-term investments, at cost which approximates fair value 171 169
Total investments 41,265 41,337
Cash and cash equivalents 6,371 5,493
Restricted cash 7,589 7,643
Accrued investment income 882 841
Other receivables, net of allowance of $5 and $5, respectively 985 1,000
Deferred contract costs 14,153 13,889
Income taxes receivable 442 574
Property and equipment, net of accumulated depreciation of $1,853 and $1,720, respectively 1,640 1,567
Right-of-use asset 2,644 2,390
Goodwill 57,430 56,524
Intangible assets, net of accumulated amortization of $36,124 and $34,442, respectively 41,883 40,049
Other assets 5,972 5,948
Total Assets 192,117 186,616
Liabilities:    
Accrued expenses and other liabilities 19,893 20,616
Deferred service fees 84,336 83,108
Bank loans 45,001 44,128
Note payable 1,100 0
Subordinated debt, at fair value 13,375 13,409
Lease liability 2,922 2,682
Net deferred income tax liabilities 4,023 4,371
Total Liabilities 170,650 168,314
Shareholders' Equity:    
Common stock, $0.01 par value; 50,000,000 authorized; 28,119,776 and 28,119,776 issued at March 31, 2025 and December 31, 2024, respectively; and 27,093,849 and 27,136,749 outstanding at March 31, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 377,205 376,784
Treasury stock, at cost; 1,025,927 and 983,027 outstanding at March 31, 2025 and December 31, 2024, respectively (6,545) (6,200)
Accumulated deficit (364,892) (361,453)
Accumulated other comprehensive loss (315) (718)
Shareholders' equity attributable to common shareholders 5,453 8,413
Noncontrolling interests in consolidated subsidiaries 1,764 1,639
Total Shareholders' Equity 7,217 10,052
Total Liabilities, Class B and Class C preferred stock and Shareholders' Equity 192,117 186,616
Redeemable Class B Preferred Stock [Member]    
Liabilities:    
Temporary equity 8,250 8,250
Redeemable Class C Preferred Stock [Member]    
Liabilities:    
Temporary equity 6,000 0
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for credit losses of $643 and $626, respectively 10,861 9,361
Liabilities:    
Deferred service fees 84,336 83,108
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 650 650
Limited liability investment, at fair value $ 2,860 $ 2,859