Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 153

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 15
Chunk 153
---
    Income attributable to non-controlling interests 

     139  
     139 
  
    Reclassification for contributed non-controlling interest 
     -  
     -  
     -  
     (23) 
     23  
     - 
  
    Issuance of restricted stock, net 
     136,427  
     -  
        
     -  
     -  
     - 
  
    Share-based compensation 
     -  
     -  
     234  
     -  
     -  
     234 
  
    Issuance of ordinary shares, net of issuance cost 
     372,341  
        
     1,131  

     1,131 
  
    Balance at December 31, 2024 
     6,379,002  
     6  
     34,105  
     (30,163) 
     162  
     4,110 
  
    Balance 
     6,379,002  
     6  
     34,105  
     (30,163) 
     162  
     4,110 

See
accompanying Notes to Consolidated Financial Statements

F-6

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements

1.
ORGANIZATION AND BASIS OF PRESENTATION

(a)
Organization 

Oxbridge
Re Holdings Limited (the “Company”) was incorporated as an exempted company on April 4, 2013 under the laws of the Cayman
Islands. The Company directly owns 100% of the equity interest in Oxbridge Reinsurance Limited, an exempted entity incorporated on April
23, 2013 under the laws of the Cayman Islands and for which a Class “C” Insurer’s license was granted on April 29,
2013 under the provisions of the Cayman Islands Insurance Law. The Company also indirectly owns 80% of the equity interest in Oxbridge
Re NS, an entity incorporated as an exempted company on December 22, 2017 under the laws of the Cayman Islands to function as a reinsurance
sidecar facility and to increase the underwriting capacity of Oxbridge Reinsurance Limited. The Company also indirectly owns 80% of the