Note 23 - Supplemental Cash Flow Disclosure

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

23. SUPPLEMENTAL CASH FLOW DISCLOSURE

Interest paid by the Company on its debt and redeemable financial instruments was $1,445 and $1,227 for the three months ended March 31, 2024 and 2023, respectively. 

The Company paid income taxes of $28 and $124 for the three months ended March 31, 2024 and 2023, respectively. The Company received no income tax refunds for the three months ended March 31, 2024 and 2023.

For the three months ended March 31, 2024, the Company had the following significant non-cash transactions that are not reflected on the statement of cash flows:

●  The Company net received units of membership interest in the Operating LLC.  The Company recognized a net increase in additional paid-in capital of $447, a net decrease in AOCI of $10, and a decrease in non-controlling interest of $437.  See note 17.

●  The Company recorded equity shares in a public company in exchange for advisory services.  The fair market value of the shares received, netted with short positions was $8,577.  The Company included this in new issue and advisory revenue in the statement of operations.

●  The Company recorded an accrual of $1,419 in accounts payable and other liabilities for dividends and distributions declared on March 6, 2024, which were paid after March 31, 2024.

● The Company recorded an increase of $437 in due to related party and an increase of $222 in payroll withholdings and a corresponding decrease of $659 in equity relating to the redemption of LLC units by employees.  See note 17.

For the three months ended March 31, 2023, the Company had the following significant non-cash transactions that are not reflected on the statement of cash flows:

●  The Company net surrendered units of membership interest in the Operating LLC.  The Company recognized a net increase in additional paid-in capital of $582, a net decrease in AOCI of $12, and an increase in non-controlling interest of $570.  See note 17.

● The Company received equity shares in a public company in exchange for advisory services.  The fair market value of the shares received was $492.  The Company included this in new issue and advisory revenue in the statement of operations.

●  The Company recorded an accrual of $1,351 in accounts payable and other accrued liabilities for dividends and distributions declared on March 7, 2023, which were paid after March 31, 2023.

●  The Company recorded an increase of $834 in due to related party and a decrease in equity for the redemption of LLC units by employees.  See note 17.

●  The Company recorded a decrease in equity method affiliates of $29 and an increase in other investments, at fair value of $29 resulting from an in-kind distribution from equity method affiliates.