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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Operating activities              
Net loss $ (540,000) $ (905,000) $ (7,300,000) $ 142,000 $ (2,266,000) $ (7,243,000)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation         178,000 202,000  
Depreciation and amortization         3,000 5,000  
SurancePlus management fee income     (312,000) (300,000)  
Change in fair value of other investments 424,000   6,889,000   1,937,000 6,384,000 $ 8,945,000
Change in fair value of equity securities 28,000   115,000   188,000 34,000  
Interest and gain on redemption of loan receivable     (41,000)  
Change in operating assets and liabilities:              
Accrued interest and dividend receivable         (13,000)  
Premiums receivable         (388,000) (1,183,000)  
Due from related party         (15,000)  
Deferred policy acquisition costs         (74,000) (161,000)  
Prepayment and other assets         24,000 52,000  
Prepaid offering costs         133,000  
Losses payable         (1,073,000)  
Other liabilities Cat Re Tokenholders         (1,195,000) 311,000  
Unearned premiums reserve         671,000 1,463,000  
Accounts payable and other liabilities         27,000 48,000  
Net cash used in operating activities         (1,248,000) (1,356,000)  
Investing activities              
Purchase of property and equipment         (5,000)  
Proceeds (funding) of loan receivable         141,000 (100,000)  
Proceeds from sale of equity securities         307,000  
Net cash provided by/ (used in) investing activities         448,000 (105,000)  
Financing activities              
Proceeds from issuance of ordinary shares         407,000    
Partial redemption of notes payable to noteholders         (98,000) (98,000)
Net proceeds from the issuance of Epsilon/ Delta Cat Re tokens         1,469,000 1,280,000  
Net cash provided by financing activities         1,876,000 1,182,000  
Cash and cash equivalents, and restricted cash and cash equivalents:              
Net change during the period         1,076,000 (279,000)  
Balance at beginning of period   $ 3,745,000   $ 3,928,000 3,745,000 3,928,000 3,928,000
Balance at end of period $ 4,821,000   $ 3,649,000   4,821,000 3,649,000 $ 3,745,000
Non-cash investing activities              
Right-of-use lease asset obtained in exchange for operating lease liabilities         $ 124,000