| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash provided by (used in): | ||||||
Operating activities: | ||||||
Net income (loss) | ||||||
311 | 804 | 294 | 11 | -1,673 | 3,646 | -748 |
Net income from discontinued operations, net of income taxes | ||||||
-2,072 | 2,078 | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Net unrealized holding loss on equity investments | ||||||
-3,998 | - | - | - | - | - | - |
Issuance of Preferred Shares, Performance Shares, and Warrants pursuant to MSA termination transaction | ||||||
- | - | - | - | 3,321 | - | - |
Accretion of discount on Series B Preferred Shares | ||||||
- | 33 | 372 | 355 | 282 | - | - |
Loss on repurchase of Series B Preferred Shares and Performance Shares | ||||||
- | 612 | - | - | - | - | - |
Charge for impairment of goodwill and other intangible assets | ||||||
- | - | - | - | 251 | - | - |
Net deferred income taxes | ||||||
371 | -26 | 404 | 87 | -243 | 309 | -412 |
Stock compensation expense | ||||||
414 | 337 | 31 | 38 | 47 | 126 | 0 |
Depreciation expense | ||||||
- | - | 73 | 67 | 53 | 26 | 10 |
Changes in operating assets and liabilities: | ||||||
Accrued interest on surplus notes due from affiliate | ||||||
-244 | 22 | - | - | - | - | - |
Loss and loss adjustment expense reserves | ||||||
- | - | 6,517 | 4,848 | 912 | 857 | - |
Premiums collected in advance | ||||||
- | - | -50 | - | - | - | - |
Premiums collected in advance | ||||||
- | - | - | 258 | 310 | 347 | 213 |
Due to related party | ||||||
- | - | - | - | -145 | -2,524 | 2,261 |
Unearned premium reserves | ||||||
- | - | 13,702 | 2,379 | 5,739 | 6,699 | 8,873 |
Ceded reinsurance premiums payable | ||||||
- | - | 303 | 1,946 | 724 | 2,509 | -25 |
Other assets | ||||||
121 | -1 | -2,438 | -293 | -40 | -893 | -693 |
Accounts payable and other liabilities | ||||||
331 | -44 | - | - | - | - | - |
Deferred policy acquisition costs, net | ||||||
- | - | 2,396 | 359 | 939 | 1,166 | 1,579 |
Premiums receivable, net | ||||||
- | - | 7,908 | 528 | 309 | -1,719 | 1,713 |
Ceded unearned premiums | ||||||
- | - | -1,192 | 2,042 | 1,244 | 435 | 1,064 |
Loss and loss adjustment expense reserves | ||||||
- | - | - | - | - | - | -344 |
Reinsurance recoverable on paid losses and loss reserves | ||||||
- | - | 6,826 | 3,976 | -243 | 363 | - |
Amounts held on deposit with reinsured companies | ||||||
- | - | 1,750 | -225 | 725 | - | - |
Current income taxes recoverable | ||||||
-2,197 | -107 | 1,131 | -230 | -1,227 | 262 | -97 |
Amounts due to affiliates | ||||||
-2,698 | 2,647 | - | - | - | - | - |
Net cash provided (used) by operating activities - continuing operations | ||||||
-5,271 | 2,157 | - | - | - | - | - |
Net cash provided by operating activities - discontinued operations | ||||||
-15,367 | 22,637 | - | - | - | - | - |
Net cash provided (used) by operating activities | ||||||
-20,638 | 24,794 | 7,527 | 3,372 | 5,417 | 12,905 | 6,756 |
Investing activities: | ||||||
Proceeds from repayment of surplus notes due from affiliates | ||||||
18,000 | 1,100 | - | - | - | - | - |
Issuance of surplus notes to affiliates | ||||||
- | -8,450 | - | - | - | - | - |
Net purchases of furniture and equipment | ||||||
3 | - | 28 | 83 | 48 | 223 | 47 |
Purchase of limited liability investments from affiliates | ||||||
-1,007 | -2,987 | - | - | - | - | - |
Net cash provided (used) by investing activities - continuing operations | ||||||
16,990 | -10,337 | - | - | - | - | - |
Net cash provided (used) by investing activities - discontinued operations | ||||||
2,694 | -18,910 | - | - | - | - | - |
Purchases of fixed income securities | ||||||
- | - | 30,088 | 10,811 | 9,817 | 10,213 | - |
Proceeds from the sale of fixed income securities | ||||||
- | - | 5,378 | 4,350 | - | - | - |
Purchase of equity investments | ||||||
- | - | 2,562 | 1,000 | 0 | - | - |
Proceeds from the sale of equity securities | ||||||
- | - | 980 | 0 | - | - | - |
Net proceeds from the sales of short-term investments | ||||||
- | - | - | 953 | - | - | - |
Acquisition of entity, net of cash acquired | ||||||
- | - | - | - | 305 | 0 | - |
Purchases of other investments | ||||||
- | - | 440 | 258 | 248 | 0 | - |
Proceeds from sale of investments | ||||||
- | - | - | - | - | - | 1,875 |
Purchase of fixed income securities | ||||||
- | - | - | - | - | - | 302 |
Net sales (purchases) of short-term investments | ||||||
- | - | 221 | - | -1,050 | 2,098 | - |
Net cash used by investing activities | ||||||
19,684 | -29,247 | -26,981 | -6,849 | -9,368 | -12,534 | 1,526 |
Financing activities: | ||||||
Net proceeds from the issuance of Series A Preferred Stock | ||||||
- | 16,493 | - | - | - | 2,000 | - |
Repurchase of Series B Preferred Shares and Performance Shares | ||||||
- | 3,300 | - | - | - | - | - |
Proceeds from issuance of common stock, net | ||||||
- | - | 224 | 0 | - | 36,261 | - |
Payment of dividends on preferred shares | ||||||
1,400 | 1,348 | 240 | 240 | 0 | - | - |
Net cash used by financing activities - continuing operations | ||||||
-1,400 | 11,845 | - | - | - | - | - |
Net cash used by financing activities - discontinued operations | ||||||
-39 | -65 | - | - | - | - | - |
Purchases of treasury stock | ||||||
- | - | - | 1,195 | 1,731 | - | - |
Purchases of treasury stock | ||||||
- | - | - | - | - | 0 | - |
Capital contribution from former parent company (KAI) | ||||||
- | - | - | - | - | - | 1,200 |
Net cash used by financing activities | ||||||
-1,439 | 11,780 | -16 | -1,435 | -1,731 | 38,261 | 1,200 |
Net decrease in cash and cash equivalents | ||||||
-2,393 | 7,327 | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||
- | - | -19,470 | -4,912 | -5,682 | 38,632 | 9,482 |
Supplemental disclosure of cash flow information: | ||||||
Net cash paid (refunds received) during the period for income taxes | ||||||
-628 | 1,606 | 155 | 128 | 775 | - | - |
Non-cash financing activities: | ||||||
Obligation for the acquisition of vehicles under lease agreements | ||||||
- | 118 | - | - | - | - | - |
Income taxes | ||||||
- | - | - | - | - | 1,512 | 97 |
Issuance of common shares upon conversion of preferred shares | ||||||
- | - | - | - | - | 2,000 | 0 |