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Note 19 - Segmented Information (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

(in thousands)		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Revenues:
Service fee and commission revenue - Extended Warranty		$	17,642			$	17,105			$	34,312			$	33,790
Service fee and commission revenue - KSX			13,277				9,341				24,956				18,816
Total revenues		$	30,919			$	26,446			$	59,268			$	52,606

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

(in thousands)		Three months ended June 30, 2025												Three months ended June 30, 2024
		Extended Warranty				KSX				Total				Extended Warranty				KSX				Total
Service fee and commission revenue		$	17,642			$	13,277			$	30,919			$	17,105			$	9,341			$	26,446
Less segment expenses:
Claims authorized on vehicle service agreements			6,805				—				6,805				6,349				—				6,349
Commissions			2,902				—				2,902				2,776				1				2,777
Cost of services sold			1,092				7,176				8,268				777				5,384				6,161
Salaries and benefits			4,246				2,160				6,406				3,644				1,505				5,149
Insurance expense			578				127				705				587				78				665
Professional fees			360				348				708				236				246				482
IT expense			335				420				755				280				113				393
Other segment items (a)			1,387				997				2,384				1,212				573				1,785
Total segment operating (loss) income		$	(63	)		$	2,049			$	1,986			$	1,244			$	1,441			$	2,685
Net investment income											410												308
Net realized gains											128												277
Gain on change in fair value of limited liability investment, at fair value											177												86
Interest expense											(1,265	)											(1,162	)
General and administrative expenses and other revenue not allocated to segments, net (b)											(2,886	)											(2,087	)
Amortization of intangible assets											(1,710	)											(1,457	)
Impairment of intangible assets											(135	)											(690	)
Loss on change in fair value of debt											(1	)											(49	)
Loss on extinguishment of debt											—												(160	)
Loss from continuing operations before income tax (benefit) expense											(3,296	)											(2,249	)
Income tax (benefit) expense											(131	)											104
Loss from continuing operations										$	(3,165	)										$	(2,353	)

(in thousands)		Six months ended June 30, 2025												Six months ended June 30, 2024
		Extended Warranty				KSX				Total				Extended Warranty				KSX				Total
Service fee and commission revenue		$	34,312			$	24,956			$	59,268			$	33,790			$	18,816			$	52,606
Less segment expenses:
Claims authorized on vehicle service agreements			12,715				—				12,715				12,470				—				12,470
Commissions			5,654				(93	)			5,561				5,384				1				5,385
Cost of services sold			1,918				14,044				15,962				1,507				10,963				12,470
Salaries and benefits			8,309				3,907				12,216				7,458				3,015				10,473
Insurance expense			1,139				234				1,373				1,156				171				1,327
Professional fees			706				684				1,390				486				510				996
IT expense			647				756				1,403				571				309				880
Other segment items (a)			2,772				1,632				4,404				2,438				1,063				3,501
Total segment operating (loss) income		$	452			$	3,792			$	4,244			$	2,320			$	2,784			$	5,104
Net investment income											790												634
Net realized gains											57												401
Net loss on equity investments											—												(3	)
Gain on change in fair value of limited liability investment, at fair value											178												78
Interest expense											(2,495	)											(2,307	)
General and administrative expenses and other revenue not allocated to segments, net (b)											(5,719	)											(3,826	)
Amortization of intangible assets											(3,392	)											(2,871	)
Impairment of intangible assets											(219	)											(1,201	)
Gain (loss) on change in fair value of debt											19												(129	)
Loss on extinguishment of debt											(115	)											(160	)
Loss from continuing operations before income tax (benefit) expense											(6,652	)											(4,280	)
Income tax (benefit) expense											(395	)											188
Loss from continuing operations											(6,257	)											(4,468	)

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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