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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income $ 15,065 $ 1,860
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Loss (income) from discontinued operations, net of taxes 12,805 (4,574)
Loss on disposal of discontinued operations, net of taxes 2,262 0
Equity in net income of limited liability investments (293) (27)
Depreciation and amortization expense 6,449 5,067
Stock-based compensation expense, net of forfeitures 4,052 3,598
Net realized gains (1,209) (1,809)
Loss on change in fair value of equity investments 26 242
Loss (gain) on change in fair value of limited liability investments, at fair value 1,754 (2,391)
Gain on change in fair value of real estate investments (1,488) 0
Loss on change in fair value of debt 4,908 3,201
(Gain) loss on change in fair value of derivatives (17,070) 14
Loss on change in fair value of contingent consideration 1,510 263
Deferred income taxes, adjusted for Ravix liabilities assumed 1,406 2,203
Amortization of fixed maturities premiums and discounts 236 230
Gain on disposal of subsidiary (37,917) 0
Gain on extinguishment of debt 0 (2,494)
Changes in operating assets and liabilities:    
Service fee receivable, net, adjusted for CSuite, SNS and Ravix assets acquired (136) (791)
Other receivables, net, adjusted for CSuite and Ravix assets acquired (7) 75
Deferred contract costs (2,327) (2,095)
Other assets, adjusted for CSuite, SNS and Ravix assets acquired (2,067) (387)
Deferred service fees (6,504) (2,354)
Other, net, adjusted for CSuite, SNS and Ravix assets acquired and liabilities assumed 15,916 6,647
Cash (used in) provided by operating activities - continuing operations (2,629) 6,478
Cash used in operating activities - discontinued operations (11,945) (12,386)
Net cash used in operating activities (14,574) (5,908)
Investing activities:    
Proceeds from sales and maturities of fixed maturities 9,714 6,251
Proceeds from sales of equity investments 0 23
Purchases of fixed maturities (14,211) (21,868)
Net proceeds from limited liability investments 1,577 2,664
Net proceeds from limited liability investments, at fair value 621 17,006
Net proceeds from investments in private companies 258 391
Proceeds from sale of real estate investments 12,150
Net proceeds from other investments 55 38
Net proceeds from disposal of subsidiary, net of cash disposed of $1,391 35,158 0
Acquisition of businesses, net of cash acquired (13,689) (10,003)
Acquisition of assets, net of cash acquired 0 (2,635)
Net disposals (purchases) of property and equipment 26,461 (830)
Cash provided by (used in) investing activities - continuing operations 58,094 (8,963)
Cash provided by investing activities - discontinued operations 42,846 365
Net cash provided by (used in) investing activities 100,940 (8,598)
Financing activities:    
Proceeds from exercise of warrants 545 1,750
Distributions to noncontrolling interest holders (6,016) (2,363)
Payment of contingent consideration from acquisition (750) 0
Taxes paid related to net share settlements of restricted stock awards (396) (499)
Principal proceeds from bank loans, net of debt issuance costs of $167 in 2022 and $160 in 2021 12,682 6,240
Principal payments on bank loans (5,228) (4,914)
Principal payments on notes payable (6,411) (9,474)
Cash used in financing activities - continuing operations (5,574) (9,260)
Cash (used in) provided by financing activities - discontinued operations (32,358) 8,720
Net cash used in financing activities (37,932) (540)
Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations 49,891 (11,745)
Cash and cash equivalents and restricted cash at beginning of period 29,899 44,945
Less: cash and cash equivalents and restricted cash of discontinued operations 2,558 5,859
Cash and cash equivalents and restricted cash of continuing operations at beginning of period 27,341 39,086
Cash and cash equivalents and restricted cash of continuing operations at end of period 77,232 27,341
Supplemental disclosures of cash flows information:    
Interest 1,427 821
Income taxes 501 243
Non-cash investing and financing activities from continuing operations:    
Contingent consideration for acquisition of business 0 2,195
Conversion of Stock, Amount Issued 788 500
Accrued dividends on Class A preferred stock issued $ 306 $ 340