$OXBR
Oxbridge Re Holdings Ltd

2014 Q4 Form 10-Q Financial Statement

#000119312514406135 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $2.160M $1.851M $640.0K
YoY Change 237.5% 191.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.0K $350.0K $210.0K
YoY Change 61.9% 191.67%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $129.0K
YoY Change 214.63%
% of Gross Profit
Operating Expenses $470.0K $475.0K $260.0K
YoY Change 80.77% 193.21%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.690M $1.380M $380.0K
YoY Change 344.74% 193.62%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $1.690M $1.376M $380.0K
YoY Change 344.74% 190.91%
Net Earnings / Revenue 78.24% 74.34% 59.38%
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $281.2K $0.23 $83.52K
COMMON SHARES
Basic Shares Outstanding 6.000M shares 6.000M shares
Diluted Shares Outstanding 6.000M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.317M $8.115M $695.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $46.00K $48.00K $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.84M $8.990M
YoY Change
Other Assets $28.18M $26.52M $10.12M
YoY Change 178.46%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $49.69M $50.26M $11.36M
YoY Change 337.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $110.0K $70.00K $510.0K
YoY Change -78.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $110.0K $70.00K $510.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $12.99M $14.59M $3.914M
YoY Change 231.78%
SHAREHOLDERS EQUITY
Retained Earnings $3.145M $2.176M $853.0K
YoY Change 268.7%
Common Stock $33.55M $6.000K $1.000K
YoY Change 3354500.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $36.71M $35.68M $7.449M
YoY Change
Total Liabilities & Shareholders Equity $49.69M $50.26M $11.36M
YoY Change 337.33%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $1.690M $1.376M $380.0K
YoY Change 344.74% 190.91%
Depreciation, Depletion And Amortization $0.00 $129.0K
YoY Change 214.63%
Cash From Operating Activities $1.890M $6.160M -$10.25M
YoY Change -118.44% 38.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.970M -$25.27M
YoY Change 149.7%
Cash From Investing Activities -$3.970M -$25.28M
YoY Change 149.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -720.0K -720.0K -20.00K
YoY Change 3500.0% 1700.0%
NET CHANGE
Cash From Operating Activities 1.890M 6.160M -10.25M
Cash From Investing Activities -3.970M -25.28M
Cash From Financing Activities -720.0K -720.0K -20.00K
Net Change In Cash -2.800M -19.84M -10.27M
YoY Change -72.74% 247.46%
FREE CASH FLOW
Cash From Operating Activities $1.890M $6.160M -$10.25M
Capital Expenditures $0.00 -$10.00K
Free Cash Flow $1.890M $6.170M
YoY Change 38.65%

Facts In Submission

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dei Document Type
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dei Entity Registrant Name
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OXBRIDGE RE HOLDINGS Ltd
dei Trading Symbol
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OXBR
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dei Entity Central Index Key
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us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><u>Reclassifications:</u></b> Certain reclassifications of prior period amounts have been made to conform to the current period presentation.</p> </div>
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><u>Allowance for uncollectible receivables:</u></b> Management evaluates credit quality by evaluating the exposure to individual counterparties; where warranted management also considers the credit rating or financial position, operating results and/or payment history of the counterparty. Management establishes an allowance for amounts for which collection is considered doubtful. Adjustments to previous assessments are recognized as income in the year in which they are determined. At September&#xA0;30, 2014, no receivables were determined to be overdue or impaired and, accordingly, no allowance for uncollectible receivables has been established.</p> </div>
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22000
us-gaap Comprehensive Income Net Of Tax
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2266000
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us-gaap Increase Decrease In Reinsurance Recoverable
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-3713000
us-gaap Increase Decrease In Premiums Receivable
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6234000
us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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5080000
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120000
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0
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25962000
us-gaap Deferred Policy Acquisition Cost Amortization Expense
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302000
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988000
oxbr Stock Issued During Period Shares Stock Warrants Exercised
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0 shares
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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165000
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us-gaap Proceeds From Issuance Initial Public Offering
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29300000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
5000000
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
oxbr Net Proceeds After Deducting Underwriters Commission
NetProceedsAfterDeductingUnderwritersCommission
26900000
oxbr Decrease Increase In Offering Costs
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-417000
oxbr Proceeds From Contributed Warrant
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5080000
CY2013Q2 invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
7.50
CY2013Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1115350 shares
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ProceedsFromIssuanceOfPrivatePlacement
6700000
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ProceedsFromWarrantExercises
3479892
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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6000000 shares
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CY2013Q3 us-gaap Deferred Policy Acquisition Cost Amortization Expense
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165000
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-45000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1331000
CY2014Q3 us-gaap Increase Decrease In Reinsurance Recoverable
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-2052000
CY2014Q3 us-gaap Assumed Premiums Earned
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468000
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1851000
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50000
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1100000
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1636000
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120000
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0
CY2014Q3 us-gaap Asset Impairment Charges
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0
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475000
CY2014Q3 us-gaap Pre Opening Costs
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0
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165000
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346000
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129000
CY2014Q3 oxbr Stock Issued During Period Shares Stock Warrants Exercised
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0 shares
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CY2013Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2013Q3 us-gaap Earnings Per Share Basic
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0.42
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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0
CY2013Q3 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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0
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
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473000
CY2013Q3 us-gaap Increase Decrease In Reinsurance Recoverable
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0
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635000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0
CY2013Q3 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
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0
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0
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-1221000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0

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