Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 54

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 13
Chunk 54
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an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

HACKER,
JOHNSON & SMITH PA

We
have served as the Company’s auditor since 2013.

Tampa,
Florida

March
26, 2025

F-1

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated
Balance Sheets

(expressed
in thousands of U.S. Dollars, except per share and share amounts)

    2024  
    2023 

    At December 31, 

    2024  
    2023 

    Assets 

    Investments: 

    Equity securities, at fair value (cost: $1,532 and $1,926) 
    $113  
     680 
  
    Cash and cash equivalents 
     2,135  
     495 
  
    Restricted cash and cash equivalents 
     3,758  
     3,250 
  
    Premiums receivable 
     1,059  
     977 
  
    Other investments 
     48  
     2,478 
  
    Loan receivable 
     -  
     100 
  
    Due from related parties 
     -  
     63 
  
    Deferred policy acquisition costs 
     109  
     101 
  
    Operating lease right-of-use assets 
     148  
     9 
  
    Prepayment and other assets 
     94  
     96 
  
    Property and equipment, net 
     1  
     4 
  
    Total assets 
    $7,465  
     8,253 

    Liabilities and Shareholders’ Equity 

    Liabilities: 

    Other liabilities: EpsilonCat Re / DeltaCat Re
    Tokenholders 
    $1,