Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 1080

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 7A
Chunk 1080
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 Financial Statements

F-3

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated
Statements of Cash Flows 

(expressed
in thousands of U.S. Dollars)

    2024  
    2023 

    Years ended December 31 

    2024  
    2023 
  
    Operating activities 

    Net loss attributable to ordinary shareholders 
    $(2,726) 
     (9,915)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Share-based compensation 
     234  
     258 
  
    Depreciation and amortization 
     3  
     6 
  
    Interest and gain on redemption of Series A-1 Preferred Shares 
     (47) 
     - 
  
    Interest and gain on redemption of loan receivable 
     (41) 
     - 
  
    SurancePlus fee income 
     (312) 
     (300)
  
    Change in fair value of equity securities 
     260  
     (38)
  
    Change in fair value of other investments 
     2,145  
     8,945 
  
    Income attributable to non-controlling interests 
     139  
     - 

    Change in operating assets and liabilities: 

    Premiums receivable 
     (82) 
     (695)
  
    Due from related parties 
     63  
     (18)
  
    Deferred policy acquisition costs 
     (8) 
     (101)
  
    Prepayment and other assets 
     2  
     18 
  
    Prepaid offering costs 
     -  
     133 
  
    Other Liabilities CatRe Tokenholders 
     (948) 
     543 
  
    Losses payable 
     -  
     (1,073)
  
    Unearned premiums reserve 
     76  
     915 
  
    Accounts payable and other liabilities 
     10  
     62 
  
    Net cash used in operating activities 
    $(1,232) 
     (1,260)

    Investing activities 

    Proceeds (funding) of loan receivable 
     141  
     (100)
  
    Proceeds on redemption of Series A-1 preferred stock