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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Service fee and commission revenue $ 17,627 $ 11,995 $ 54,956 $ 33,619
Rental revenue 3,341 3,341 10,023 10,023
Total revenues 20,968 15,336 64,979 43,642
Operating expenses:        
Claims authorized on vehicle service agreements 4,951 2,221 14,869 6,948
Loss and loss adjustment expenses 2 2 6 17
Commissions 1,508 1,418 4,588 4,000
Cost of services sold 1,244 1,102 3,176 1,852
General and administrative expenses 11,770 9,719 36,279 28,800
Leased real estate segment interest expense 1,607 1,484 4,575 4,474
Total operating expenses 21,082 15,946 63,493 46,091
Operating (loss) income (114) (610) 1,486 (2,449)
Other revenues (expenses), net:        
Net investment income 389 625 1,213 2,025
Net realized gains (losses) 159 (59) 397 157
(Loss) gain on change in fair value of equity investments (39) 1,177 (235) 1,069
Gain on change in fair value of limited liability investments, at fair value 1,211 274 1,740 2,050
Net change in unrealized loss on private company investments 0 (74) 0 (744)
Other-than-temporary impairment loss 0 0 0 (117)
Other income (expenses) 53 152 (2,581) 398
Interest expense not allocated to segments (1,497) (1,813) (4,642) (5,963)
Amortization of intangible assets (2,432) (572) (3,425) (1,719)
(Loss) gain on change in fair value of debt (412) (503) (2,169) 1,940
Gain on extinguishment of debt 0 0 2,494 0
Total other expenses, net (2,568) (793) (7,208) (904)
Loss from continuing operations before income tax benefit (2,682) (1,403) (5,722) (3,353)
Income tax benefit (2,456) (279) (6,139) (409)
(Loss) income from continuing operations (226) (1,124) 417 (2,944)
Gain on disposal of discontinued operations, net of taxes 0 0 0 6
Net (loss) income (226) (1,124) 417 (2,938)
Less: net income attributable to noncontrolling interests in consolidated subsidiaries 782 112 1,469 941
Less: dividends on preferred stock 86 230 409 831
Net loss attributable to common shareholders $ (1,094) $ (1,466) $ (1,461) $ (4,710)
Loss per share        
Loss per share – continuing operations: Basic: (in dollars per share) $ (0.05) $ (0.07) $ (0.07) $ (0.21)
Loss per share – continuing operations: Diluted: (in dollars per share) (0.05) (0.07) (0.07) (0.21)
Earnings per share – discontinued operations: Basic (in dollars per share) 0 0 0 0
Earnings per share – discontinued operations: Diluted (in dollars per share) 0 0 0 0
Basic: (in dollars per share) (0.05) (0.07) (0.07) (0.21)
Diluted: (in dollars per share) $ (0.05) $ (0.07) $ (0.07) $ (0.21)
Weighted-average shares outstanding (in ‘000s):        
Basic: (in shares) 22,732 22,211 22,440 22,164
Diluted: (in shares) 22,732 22,211 22,440 22,164