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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Assumed premiums $ 2,170,000 $ 645,000
Change in unearned premiums reserve (915,000) 350,000
Net premiums earned 1,255,000 995,000
SurancePlus fee income 300,000
Net investment and other income 303,000 201,000
Net realized investment gain 27,000
Unrealized loss on other investments (8,945,000) (35,000)
Change in fair value of equity securities 38,000 (338,000)
Total revenue (7,049,000) 850,000
Expenses    
Losses and loss adjustment expenses 1,073,000
Policy acquisition costs and underwriting expenses 141,000 110,000
General and administrative expenses 2,183,000 1,413,000
Total expenses 2,324,000 2,596,000
Loss before income attributable to noteholders and tokenholders (9,373,000) (1,746,000)
Income attributable to noteholders and tokenholders (542,000) (43,000)
Net loss $ (9,915,000) $ (1,789,000)
Loss per share    
Loss per share, basic $ (1.69) $ (0.31)
Loss per share, diluted $ (1.69) $ (0.31)
Weighted-average shares outstanding    
Weighted average number of shares outstanding, basic 5,867,129 5,772,396
Weighted average number of shares outstanding, diluted 5,867,129 5,772,396