Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 74

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable
exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state
or other securities laws. The Securities were sold in a transaction exempt from registration under the Securities Act and were sold only
to persons reasonably believed to be accredited investors in the United States under SEC Rule 506(c) under the Securities Act and outside
the United States only to non-U.S. persons in accordance with Regulation S under the Securities Act.

Under
Accounting Standards Codification 480 “Distinguishing Liabilities from Equity” (ASC 480) a redeemable financial instrument
that will be redeemed only upon the occurrence of a conditional event is required to be excluded from presentation on the consolidated
balance sheets as a liability. The potential cash settlement of the PSIC is contingent upon there being no losses with respect to the
underlying reinsurance contracts. Therefore, since these events are not solely within the control of the Company the PSIC has been presented
as mezzanine equity in the accompanying consolidated balance sheets as required by ASC 480.

SCHEDULE OF FINANCIAL STATEMENTS

    Statement
    of Operations Data: 
    For
                                            Three Months Ended June
                                            30, 2025  
    For
                                            Six Months Ended June
                                            30, 2025 

    (Unaudited)  
    (Unaudited) 

    Management fee
    income 
     529  
     529 
  
    Net investment and other income 
     8  
     15 
  
    Underwriting
    related income 
     518  
     1,047 
  
    Total revenue 
     1,055  
     1,591 
  
    Expenses 
     (2,927) 
     (2,957)
  
    Income attributable to tokenholders 
     (476) 
     (958)
  
    Loss
    attributable to tokenholders* 
     1,652  
     1,652 
  
    Net
    loss attributable to ordinary shareholders 
     (696) 
     (672)

    Balance
    Sheet Data: 
    At
                                            June 30,
                                                                                2025  
    At
                                            December 31,
                                                                                2024 

    (Unaudited)  
    (Unaudited)