Note 17 - Accounts Payable and Other Liabilities

12 Months Ended

Dec. 31, 2020

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

17.

ACCOUNTS PAYABLE AND OTHER LIABILITIES

Accounts payable and other liabilities consisted of the following.

ACCOUNTS PAYABLE AND OTHER LIABILITIES
(Dollars in Thousands)

	As of December 31,
	2020		2019
Accounts payable	$	162	$	362
Redeemable financial instruments accrued interest		316		403
Accrued income tax		99		-
Accrued interest payable		630		711
Accrued interest on securities sold, not yet purchased		435		914
Payroll taxes payable		1,048		729
Counterparty cash collateral		41,119		9,524
Accrued expense and other liabilities		2,442		7,652
Accounts payable and other liabilities	$	46,251	$	20,295

The redeemable financial instrument accrued interest represents accrued interest on the JKD Capital Partners I LTD and the DGC Trust/CBF redeemable financial instruments. See note

19.

When the Company enters into a reverse repo, the Company obtains collateral in excess of the principal of the reverse repo. The Company accepts collateral in the form of liquid securities or cash. To the extent the Company receives cash collateral, the Company includes it as a component of other liabilities (counterparty cash collateral) in the table above. See note

11.

When the Company enters into repo transactions, the Company provides collateral to the Company's repo counterparty in excess of the principal balance of the repo. If the value of the securities the Company provides as collateral increases, the Company

may

request a return of its collateral with a value equal to such increase. In some cases, the repo counterparty will return cash instead of securities. In that case, the Company includes the cash returned as a component of other liabilities (counterparty cash collateral) in the table above. See note

11.