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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 10,284 $ 10,247
Restricted cash 12,141 7,505
Investments    
Fixed income securities, held-to-maturity 3,123 3,122
Investments in related parties 10,807 10,834
Accounts receivable 204 136
Interest and dividend receivables 283 293
Prepaid expenses 253 223
Property, plant and equipment, net 98 120
Lease assets 490 582
Goodwill 6,492 6,492
Intangible assets, net 249 267
Other assets 815 803
Total assets 46,477 41,904
LIABILITIES    
Accounts payable 171 400
Accrued salaries, wages and benefits 546 350
Escrow liabilities 12,088 7,454
Other accrued expenses 430 344
Reserve for title claims 350 313
Lease liabilities 500 590
Other liabilities 31 32
Total liabilities 14,116 9,483
STOCKHOLDERS’ EQUITY    
Common stock, $0.02 par value, 35,000,000 shares authorized as of March 31, 2024 and December 31, 2023, respectively; 2,861,547 shares issued and outstanding as of March 31, 2024 and December 31, 2023. 53 53
Additional paid-in capital 30,491 30,491
Retained earnings 1,896 1,894
Total stockholders’ equity 32,440 32,438
Noncontrolling interests (79) (17)
Total equity 32,361 32,421
Total liabilities and stockholders’ equity 46,477 41,904
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]    
Investments    
Investments in limited partnerships [1] $ 1,238 $ 1,280
[1] As of March 31, 2024, there are no unfunded commitments related to the investment in limited partnership. This limited partnership invests in property catastrophe risk through customized reinsurance solutions. The underlying assets of the limited partnership are one year or less in duration and the Company’s proceeds may be redeemed or reinvested annually. Changes in net asset value of the investment in limited partnership are included in Net investment income on the Company’s Unaudited Consolidated Statements of Operations.