Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 12

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
 fails to meet its obligations
and to the extent that the Company does not hold sufficient security for their unpaid obligations.

Ceded
premiums are written during the period in which the risk is incepted and are expensed over the contract period in proportion to the period
of protection. Unearned premiums ceded consist of the unexpired portion of the reinsurance obtained. There were no unearned premiums
ceded at June 30, 2025 or December 31,2024.

Uncertain
Income Tax Positions: The authoritative GAAP guidance on accounting for, and disclosure of, uncertainty in income tax positions
requires the Company to determine whether an income tax position of the Company is more likely than not to be sustained upon examination
by the relevant tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of
the position. For income tax positions meeting the more likely than not threshold, the tax amount recognized in the consolidated financial
statements, if any, is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate
settlement with the relevant taxing authority. The application of this authoritative guidance has had no effect on the Company’s
consolidated financial statements because the Company had no uncertain tax positions at June 30, 2025.

    10

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited) 

June
30, 2025

2.
SIGNIFICANT ACCOUNTING POLICIES (continued)

Loss
Per Share: Basic loss per share has been computed on the basis of the weighted-average number
of ordinary shares outstanding during the periods presented. Diluted loss per share is computed based on the weighted-average number
of ordinary shares outstanding and reflects the assumed exercise or conversion of diluted securities, such as stock options and warrants,
computed using the treasury stock method. 

Share-Based
Compensation: The Company accounts for stock-based compensation under the fair value recognition provisions of GAAP which requires
the measurement and recognition of compensation for all stock-based awards made to employees and directors, including stock options and
restricted stock issuances based on estimated fair values. The Company measures compensation for restricted stock based on the price
of the Company’s ordinary shares at the grant date. Determining the fair value of stock options at the grant date requires significant
estimation and judgment. The Company uses an option-pricing model (Black-Scholes option pricing model) to