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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income (loss) $ 1,860 $ (5,416)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Gain on disposal of discontinued operations, net of taxes 0 (6)
Equity in net income of limited liability investments (27) (30)
Depreciation and amortization expense 8,627 6,728
Stock-based compensation expense, net of forfeitures 3,598 1,351
Net realized gains (1,809) (580)
Loss (gain) on change in fair value of equity investments 242 (1,267)
Gain on change in fair value of limited liability investments, at fair value (2,391) (4,046)
Net change in unrealized loss on private company investments 0 744
Loss (gain) on change in fair value of debt 3,201 (1,173)
Loss on change in fair value of derivatives 14 0
Loss on change in fair value of contingent consideration 263 0
Deferred income taxes, adjusted for Ravix, Roeco and PWI liabilities assumed 741 (1,001)
Other-than-temporary impairment loss (0) 117
Amortization of fixed maturities premiums and discounts 230 140
Amortization of notes payable premium, discounts and debt issue costs (787) (888)
(Gain) loss on extinguishment of debt, net (2,494) 468
Changes in operating assets and liabilities:    
Service fee receivable, net, adjusted for Ravix and PWI assets acquired (791) 1,186
Other receivables, net, adjusted for Ravix, RoeCo and PWI assets acquired 1,669 183
Deferred acquisition costs, net (2,095) (231)
Other assets, adjusted for Ravix, RoeCo and PWI assets acquired (10,474) 1,507
Deferred service fees, adjusted for PWI liabilities assumed (2,354) (2,333)
Other, net, adjusted for Ravix, RoeCo and PWI assets acquired and liabilities assumed (3,131) 6,219
Net cash (used in) provided by operating activities (5,908) 1,672
Investing activities:    
Proceeds from sales and maturities of fixed maturities 6,251 14,168
Proceeds from sales of equity investments 23 3,249
Purchases of fixed maturities (21,868) (12,560)
Net proceeds from limited liability investments 2,664 179
Net proceeds from limited liability investments, at fair value 17,006 787
Net proceeds from investments in private companies 391 719
Net proceeds from other investments 38 390
Net purchases of short-term investments 0 (4)
Acquisition of businesses, net of cash acquired (10,003) (2,706)
Acquisition of assets, net of cash acquired (2,270) 0
Net purchases of property and equipment (830) (213)
Net cash (used in) provided by investing activities (8,598) 4,009
Financing activities:    
Proceeds from exercise of warrants 1,750 0
Distributions to noncontrolling interest holders (2,363) (243)
Taxes paid related to net share settlements of restricted stock awards (499) (83)
Principal proceeds from bank loans, net of debt issuance costs of $160 and $403 in 2021 and 2020, respectively 6,240 25,297
Principal payments on bank loans (4,914) (10,062)
Principal proceeds from notes payable, net of debt issuance costs of $1,685 in 2021 13,270 2,858
Principal payments on notes payable (14,024) (4,164)
Net cash (used in) provided by financing activities (540) 13,603
Net (decrease) increase in cash and cash equivalents and restricted cash (15,046) 19,284
Cash and cash equivalents and restricted cash at beginning of period 44,945 25,661
Cash and cash equivalents and restricted cash at end of period 29,899 44,945
Supplemental disclosures of cash flows information:    
Interest 7,760 7,816
Income taxes 187 81
Non-cash investing and financing activities:    
Contingent consideration for acquisition of business 2,195 0
Notes payable assumed in asset acquisition 13,463 0
Conversion of Stock, Amount Issued 500 1,381
Accrued dividends on Class A preferred stock issued $ 340 $ 343