Note 5 - Investment in Equity-method Investee

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

5. Investment in Equity-Method Investee

Our equity-method investment outstanding at December 31, 2020 consisted of our 66.7% interest in a joint venture formed to purchase a credit card receivable portfolio. In September 2021, we acquired the outstanding noncontrolling interest. 

In the following tables, we summarize (in thousands) balance sheet and results of operations data for our former equity-method investee:

	As of
	December 31, 2021		December 31, 2020
Loans, interest and fees receivables, at fair value	$	—	$	1,994
Total assets	$	—	$	2,105
Total liabilities	$	—	$	10
Members’ capital	$	—	$	2,095

	Year ended December 31,
	2021		2020
Net margin	$	94	$	819
Net income	$	23	$	684
Net income attributable to investee	$	16	$	456