v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 13,260 $ 12,145
Restricted cash 11,850 8,264
Investments    
Fixed income securities, held-to-maturity 0 1,000
Investments in related parties 10,032 10,073
Accounts receivable 380 263
Interest and dividend receivables 0 19
Prepaid expenses 257 288
Property, plant and equipment, net 56 62
Lease assets 679 611
Goodwill 6,492 6,492
Intangible assets, net 174 193
Other assets 606 575
Total assets 45,762 42,168
LIABILITIES    
Accounts payable 120 106
Accrued salaries, wages and benefits 658 496
Escrow liabilities 11,695 8,110
Other accrued expenses 413 360
Reserve for title claims 642 637
Lease liabilities 684 616
Other liabilities 18 35
Total liabilities 14,230 10,360
STOCKHOLDERS’ EQUITY    
Common stock, $0.02 par value, 35,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 2,813,214 shares issued and outstanding as of March 31, 2025 and December 31, 2024 52 52
Additional paid-in capital 30,491 30,491
Retained earnings 1,156 1,413
Total stockholders’ equity 31,699 31,956
Noncontrolling interests (167) (148)
Total equity 31,532 31,808
Total liabilities and stockholders’ equity 45,762 42,168
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]    
Investments    
Investments in limited partnerships [1] $ 1,976 $ 2,183
[1] As of March 31, 2025, 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.