Novation Companies (NOVCQ) 10-Q 13 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 08, 2020
Document Information [Line Items]
Entity Registrant Name	NOVATION COMPANIES, INC.
Entity Central Index Key	0001025953
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		114,655,893
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,589	$ 2,032
Accounts and unbilled receivables	6,364	6,583
Prepaid expenses	692	647
Other	15	21
Total current assets	8,660	9,283
Non-current assets:
Goodwill	3,905	3,905
Intangible assets, net	5,485	5,784
Property and equipment, net	103	125
Operating lease right-of-use asset	266	316
Other	5	4
Total non-current assets	9,764	10,134
Total assets	18,424	19,417
Current liabilities:
Accounts payable and accrued expenses	465	524
Accrued compensation and benefits payable	2,359	2,717
Health and wellness program liability	492	492
Operating lease liability	190	205
Accrued claim settlements	246	246
Other	46	36
Total current liabilities	3,798	4,220
Non-current liabilities:
Senior notes, including debt premium	87,631	86,824
Accrued claim settlements	246	307
Operating lease liability	88	125
Total non-current liabilities	87,965	87,256
Total liabilities	91,763	91,476
Shareholders' deficit:
Common stock, $.01 par value per share, 780,000,000 shares authorized: 114,655,893 and 112,355,893 and shares issued and outstanding as of March 31, 2020 and December 31, 2019 respectively	1,146	1,123
Additional paid-in capital	746,123	746,112
Accumulated deficit	(820,608)	(819,294)
Total shareholders' deficit	(73,339)	(72,059)
Total liabilities and shareholders' deficit	$ 18,424	$ 19,417

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	780,000,000	780,000,000
Common stock, shares issued (in shares)	114,655,893	112,355,893
Common stock, shares outstanding (in shares)	114,655,893	112,355,893

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Service fee income	$ 14,033	$ 15,854
Cost and expenses:
Cost of services	12,560	14,097
General and administrative expenses	1,979	2,258
Operating loss	(506)	(501)
Other income (expense)	13	(19)
Interest expense	(810)	(1,381)
Reorganization items, net		(31)
Loss before income taxes	(1,303)	(1,932)
Income tax expense (benefit)	11	(7)
Net loss	(1,314)	(1,925)
Other comprehensive income:
Unrealized gain on marketable securities		1
Total other comprehensive income		1
Total comprehensive loss	$ (1,314)	$ (1,924)
Loss per share:
Basic (in dollars per share)	$ (0.01)	$ (0.02)
Diluted (in dollars per share)	$ (0.01)	$ (0.02)
Weighted average common shares outstanding:
Basic (in shares)	110,188,393	94,970,561
Diluted (in shares)	110,188,393	94,970,561

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2018						$ 991	$ 745,104	$ (809,050)	$ (1)	$ (62,956)
Issuances of nonvested stock						25	(25)
Compensation recognized under stock compensation plans							70			70
Net loss								1,925		1,925
Net loss								(1,925)		(1,925)
Balance at Mar. 31, 2019			$ (19)		$ (19)	1,016	745,149	(810,994)		(64,829)
Other comprehensive income (loss)									1	1
Balance at Dec. 31, 2019						1,123	746,112	(819,294)		(72,059)
Issuances of nonvested stock						23	(23)
Compensation recognized under stock compensation plans							34			34
Net loss								1,314		1,314
Net loss								(1,314)		(1,314)
Balance at Mar. 31, 2020						$ 1,146	$ 746,123	$ (820,608)		$ (73,339)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (1,314)	$ (1,925)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets	299	299
Amortization of debt premium and prepaid interest into interest expense	807
Amortization of prepaid expenses	245	293
Depreciation expense	22	7
Lease expense	(2)	(13)
Loss on disposal of fixed assets	11
Compensation recognized under stock compensation plans	34	70
Changes in operating assets and liabilities:
Accounts and unbilled receivables	219	(283)
Accounts payable and accrued expenses	(59)	6
Accrued compensation and benefits payable	(358)	340
Accrued interest payable		43
Accrued claim settlements	(61)	(274)
Other current assets and liabilities, net	(275)	(462)
Other noncurrent assets and liabilities, net		(166)
Net cash used in operating activities	(432)	(2,065)
Cash flows from investing activities:
Purchase of property and equipment	(11)	(7)
Net cash used in investing activities	(11)	(7)
Cash flows from financing activities:
Borrowings under revolving line of credit		8,685
Repayments of borrowings under revolving line of credit		(10,633)
Paydowns of long-term debt		(31)
Net cash used in financing activities		(1,979)
Net decrease in cash and cash equivalents	(443)	(4,051)
Cash and cash equivalents, beginning of period	2,032	9,249
Cash and cash equivalents, end of period	1,589	5,198
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 3	$ 1,353

Note 1 - Condensed Consolidated

Note 1 - Condensed Consolidated Financial Statement Presentation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1. Description of Operations – $0.01 Prior to the Company's acquisition of HCS in 2017, 2018, 33 no March 31, 2020 December 31, 2019 Liquidity and Going Concern – three March 31, 2020 1.3 0.4 March 31, 2020 73.3 1.6 91.8 1.6 0.6 From January 2019 August 2019, 3.5% March 30, 2033, Management continues to work toward expanding HCS’s customer base by increasing revenue from existing customers, looking at methods to reduce overall operating costs, both at HCS and the corporate level, and targeting new customers that have not 5 2019 not August 2019 March 2022, April 2022 In addition, the recent developments of the coronavirus (COVID- 19 8% second no 19 Our historical operating results and poor cash flow suggest substantial doubt exists related to the Company's ability to continue as a going concern. There is still significant uncertainty regarding the future impact that COVID- 19 no not one Condensed Consolidated Financial Statement Presentation – The Company's condensed consolidated financial statements are unaudited. In the opinion of management, all necessary adjustments have been made, which were of a normal and recurring nature, for a fair presentation of the condensed consolidated financial statements. The Company's condensed consolidated financial statements should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations included herein and the consolidated financial statements of the Company and the notes thereto included in the Company's Annual Report on Form 10 December 31, 2019 2019 10

Note 2 - Revenue; Accounts and

Note 2 - Revenue; Accounts and Unbilled Receivables	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 2. Staffing services include the augmentation of customers' workforce with our contingent employees performing services under the customer's supervision, which provides our customers with a source of flexible labor at a competitive cost. Customer contracts are typically annual contracts but may 60 The Company recognizes revenue when control of the promised services is transferred to customers and for the amount that reflects the consideration we are entitled to receive in exchange for those services. Furthermore, revenue is recognized over time based on a fixed amount for each hour of staffing service provided as our customers benefit from our services and as we provide them. Performance Obligations — not not no Contract Balances — two not Disaggregation of Revenue — Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Type of Customer CSB $ 13,767 98.1 % $ 15,255 96.2 % Other 266 1.9 % 599 3.8 % Total $ 14,033 100.0 % $ 15,854 100.0 % Accounts and unbilled receivables are summarized as follows, in thousands: March 31, 2020 (unaudited) December 31, 2019 Accounts receivable $ 4,234 $ 4,083 Unbilled receivables (Contract Assets) 2,139 2,500 Allowance for doubtful accounts (9 ) — Total $ 6,364 $ 6,583 During the three March 31, 2020 59% three three March 31, 2019 50% three March 31, 2020 March 31, 2019 67% 48% four three March 31, 2020 March 31, 2019 97% 95% 12 14

Note 3 - Goodwill and Intangibl

Note 3 - Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 3. March 31, 2020 (unaudited) December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Indefinite-lived assets (in thousands) Goodwill $ 3,905 $ - $ 3,905 $ 3,905 $ - $ 3,905 Tradenames 1,147 - 1,147 1,147 - 1,147 $ 5,052 $ - $ 5,052 $ 5,052 $ - $ 5,052 Finite-lived assets (in thousands) Customer relationships $ 6,895 $ 2,627 $ 4,268 $ 6,895 $ 2,380 $ 4,515 Non-compete agreement 627 557 70 627 505 122 $ 7,522 $ 3,184 $ 4,338 $ 7,522 $ 2,885 $ 4,637 Amortization expense (unaudited, in thousands) Three Months Ended March 31, 2020 and 2019 $ 299 Estimated future amortization expense (unaudited, in thousands) 2020 $ 808 2021 985 2022 985 2023 985 Thereafter 575 Total estimated amortization expense $ 4,338

Note 4 - Leases

Note 4 - Leases	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 4. Our leases consist primarily of office space. Leases with an initial term of 12 not not Most leases include one one three not three March 31, 2020 2019 were immaterial. As our leases do not Maturities of lease liabilities were as follows (in thousands): March 31, 2020 (unaudited) Remaining 2020 $ 163 2021 110 2022 20 Thereafter - Total $ 293 Less interest 15 Present value of lease liabilities $ 278 Other information related to the Company's operating leases was as follows (in thousands): March 31, 2020 (unaudited) Lease Term and Discount Rate Weighted average remaining lease term (years) 1.54 Weighted average discount rate 6.75 %

Note 5 - Borrowings

Note 5 - Borrowings	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 5. Note Refinancing and 2017 August 9, 2019, 2017 January 2019 third 2028 March 31, 2020 $85.9 three “2017 2017 March 30, 2033, 1% April 1, 2019 December 31, 2023; 2% January 1, 2024 December 31, 2028; 10% January 1, 2029 December 31, 2019, 50% 2017 may 30 2017 101% 2017 July 27, 2017 On April 1, 2019 July 1, 2019, 2017 $2.6 $0.4 $2.2 not April 1, 2022. not December 31, 2021. not may, 2017 first 2017 9,000,000 ten 22,250,000 $0.01 $0.9 $0.5 The carrying value of the 2017 March 31, 2020 (unaudited) December 31, 2019 Principal balance $ 85,938 $ 85,938 Unamortized debt premium 1,694 886 Total, 2017 Notes $ 87,631 $ 86,824

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 6. Contingencies — 2016, 2006 third 1997 2007, third $43.1 not third may not no not 2010. Historically, repurchases of loans or indemnification of losses where a loan defect has been alleged have been insignificant and any future losses for alleged loan defects have not no not not not 2007, not Pending Litigation — Although it is not not, not not one On May 21, 2008, June 16, 2009, 11, 12 15 1933, August 31, 2009, March 31, 2011, second May 16, 2011, March 29, 2012, second March 1, 2013, not April 23, 2013 five not February 5, 2015, March 8, 2017, May 10, 2017. not no October 19, 2018 March 7, 2019 March 8, 2019, March 26, 2019. no not On June 20, 2011, August 24, 2012, September 12, 2013. August 27, 2013, 12 §1787 14 June 16, 2014, 134 2175 2014 August 19, 2014, October 2, 2014, March 22, 2016, not On February 28, 2013, 2007 1 not June 28, 2013. June 24, 2013, 43 43 $6.5 August 19, 2013, seven 43 October 9, 2013, This motion to dismiss was withdrawn after plaintiff filed an amended complaint on January 28, 2014, March 4, 2014, November 30, 2017, The parties have reached a settlement of this matter. On October 25, 2018, November 19, 2018, $0.3 March 1, 2019. three $0.3 second 2018 DB Structured Products, Inc., Deutsche Bank AG, Deutsche Bank National Trust Company, Deutsche Bank Securities Inc., Greenwich Capital Derivatives, Inc., RBS Acceptance Inc., RBS Financial Products Inc., RBS Securities Inc., The Royal Bank of Scotland PLC, Wachovia Investment Holdings, LLC, Wells Fargo & Company, Wells Fargo Advisors, LLC, Wells Fargo Bank, N.A. and Wells Fargo Securities, LLC (collectively, the “Indemnity Claimants”) filed proofs of claim in the Company’s bankruptcy case asserting the right to be indemnified by the Company for, and/or to receive contribution from the company in respect of, certain liabilities incurred as a result of their roles in the issuance of residential mortgage-backed securities sponsored by the Company. The Company filed an objection in the bankruptcy case seeking to disallow and expunge the Indemnity Claimants’ proofs of claim. The Indemnity Claimants’ claims were not not The parties have reached a settlement in this matter, which was approved by the court on November 29, 2018. $0.5 December 21, 2018. three $0.4 second 2018

Note 7 - Fair Value Accounting

Note 7 - Fair Value Accounting	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 7. Fair Value Measurements — two • Level 1 • Level 2 1 • Level 3 no The following table provides the estimated fair value of financial instruments and presents amounts that have been determined using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not not The estimated fair values of the Company's financial instruments are (in thousands): March 31, 2020 (unaudited) December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Financial liabilities: 2017 Notes (Level 3) $ 87,631 $ 17,349 $ 86,824 $ 21,289 The 2017 not 2017 3 no No three 3.5% March 2033. three

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 8. Prior to 2017, no not March 31, 2020 December 31, 2019 $ 166.9 166.5 may 0% not As of March 31, 2020 $ 727.6 $250.3 not may not 2025 2037. 2017, 2017 2019 not not 93.0 may 2017 2004. may 2024 2037.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Liquidity and Going Concern [Policy Text Block]	Liquidity and Going Concern – three March 31, 2020 1.3 0.4 March 31, 2020 73.3 1.6 91.8 1.6 0.6 From January 2019 August 2019, 3.5% March 30, 2033, Management continues to work toward expanding HCS’s customer base by increasing revenue from existing customers, looking at methods to reduce overall operating costs, both at HCS and the corporate level, and targeting new customers that have not 5 2019 not August 2019 March 2022, April 2022 In addition, the recent developments of the coronavirus (COVID- 19 8% second no 19 Our historical operating results and poor cash flow suggest substantial doubt exists related to the Company's ability to continue as a going concern. There is still significant uncertainty regarding the future impact that COVID- 19 no not one
Consolidation, Policy [Policy Text Block]	Condensed Consolidated Financial Statement Presentation – The Company's condensed consolidated financial statements are unaudited. In the opinion of management, all necessary adjustments have been made, which were of a normal and recurring nature, for a fair presentation of the condensed consolidated financial statements. The Company's condensed consolidated financial statements should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations included herein and the consolidated financial statements of the Company and the notes thereto included in the Company's Annual Report on Form 10 December 31, 2019 2019 10

Note 2 - Revenue; Accounts an_2

Note 2 - Revenue; Accounts and Unbilled Receivables (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Type of Customer CSB $ 13,767 98.1 % $ 15,255 96.2 % Other 266 1.9 % 599 3.8 % Total $ 14,033 100.0 % $ 15,854 100.0 %
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	March 31, 2020 (unaudited) December 31, 2019 Accounts receivable $ 4,234 $ 4,083 Unbilled receivables (Contract Assets) 2,139 2,500 Allowance for doubtful accounts (9 ) — Total $ 6,364 $ 6,583

Note 3 - Goodwill and Intangi_2

Note 3 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	March 31, 2020 (unaudited) December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Indefinite-lived assets (in thousands) Goodwill $ 3,905 $ - $ 3,905 $ 3,905 $ - $ 3,905 Tradenames 1,147 - 1,147 1,147 - 1,147 $ 5,052 $ - $ 5,052 $ 5,052 $ - $ 5,052 Finite-lived assets (in thousands) Customer relationships $ 6,895 $ 2,627 $ 4,268 $ 6,895 $ 2,380 $ 4,515 Non-compete agreement 627 557 70 627 505 122 $ 7,522 $ 3,184 $ 4,338 $ 7,522 $ 2,885 $ 4,637
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Amortization expense (unaudited, in thousands) Three Months Ended March 31, 2020 and 2019 $ 299 Estimated future amortization expense (unaudited, in thousands) 2020 $ 808 2021 985 2022 985 2023 985 Thereafter 575 Total estimated amortization expense $ 4,338

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	March 31, 2020 (unaudited) Remaining 2020 $ 163 2021 110 2022 20 Thereafter - Total $ 293 Less interest 15 Present value of lease liabilities $ 278
Operating Lease, Other Information [Table Text Block]	March 31, 2020 (unaudited) Lease Term and Discount Rate Weighted average remaining lease term (years) 1.54 Weighted average discount rate 6.75 %

Note 5 - Borrowings (Tables)

Note 5 - Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, 2020 (unaudited) December 31, 2019 Principal balance $ 85,938 $ 85,938 Unamortized debt premium 1,694 886 Total, 2017 Notes $ 87,631 $ 86,824

Note 7 - Fair Value Accounting

Note 7 - Fair Value Accounting (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2020 (unaudited) December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Financial liabilities: 2017 Notes (Level 3) $ 87,631 $ 17,349 $ 86,824 $ 21,289

Note 1 - Condensed Consolidat_2

Note 1 - Condensed Consolidated Financial Statement Presentation (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended		8 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)$ / shares	Mar. 31, 2019USD ($)	Aug. 31, 2019	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)$ / shares
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.01				$ 0.01
Net Income (Loss) Attributable to Parent, Total	$ (1,314)	$ (1,925)
Net Cash Provided by (Used in) Operating Activities, Total	(432)	(2,065)
Stockholders' Equity Attributable to Parent, Ending Balance	(73,339)	$ (64,829)		$ (62,956)	$ (72,059)
Cash and Cash Equivalents, at Carrying Value, Ending Balance	1,589				2,032
Liabilities, Total	$ 91,763				91,476
Workforce Reduction Due to Impact of COVID-19, Percent	8.00%
Senior Notes [Member] | The 2017 Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			3.50%
NovaStar Mortgage LLC [Member]
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 600
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Number of Debt Securities Unsold				33
Debt Securities, Available-for-sale, Total	$ 0				$ 0

Note 2 - Revenue; Accounts an_3

Note 2 - Revenue; Accounts and Unbilled Receivables (Details Textual)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Customer Contracts, Notice of Termination Period (Day)	60 days
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers	3	3
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Customers [Member]
Concentration Risk, Percentage	59.00%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Four Customers [Member]
Concentration Risk, Percentage		50.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers	4	3
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Customers [Member]
Concentration Risk, Percentage		48.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Four Customers [Member]
Concentration Risk, Percentage	67.00%
Customer Concentration Risk [Member] | Accounts and Unbilled Receivables [Member] | Twelve CSB Customers [Member]
Concentration Risk, Percentage	97.00%
Number of Major Customers	12
Customer Concentration Risk [Member] | Accounts and Unbilled Receivables [Member] | Fourteen CSB Customers [Member]
Concentration Risk, Percentage		95.00%
Number of Major Customers		14

Note 2 - Revenue; Accounts an_4

Note 2 - Revenue; Accounts and Unbilled Receivables - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financial services revenue, amount	$ 14,033	$ 15,854
Financial services revenue, percentage	100.00%	100.00%
CSB Customers [Member]
Financial services revenue, amount	$ 13,767	$ 15,255
Financial services revenue, percentage	98.10%	96.20%
Non-CSB Customers [Member]
Financial services revenue, amount	$ 266	$ 599
Financial services revenue, percentage	1.90%	3.80%

Note 2 - Revenue; Accounts an_5

Note 2 - Revenue; Accounts and Unbilled Receivables - Accounts and Unbilled Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts receivable	$ 4,234	$ 4,083
Unbilled receivables (Contract Assets)	2,139	2,500
Allowance for doubtful accounts	(9)
Total	$ 6,364	$ 6,583

Note 3 - Goodwill and Intangi_3

Note 3 - Goodwill and Intangible Assets - Summary of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Goodwill	$ 3,905	$ 3,905
Tradenames	1,147	1,147
Indefinite-lived assets	5,052	5,052
Finite-lived intangible assets, gross	7,522	7,522
Finite-lived intangible assets, accumulated amortization	3,184	2,885
Finite-lived intangible assets, net	4,338	4,637
Customer Relationships [Member]
Finite-lived intangible assets, gross	6,895	6,895
Finite-lived intangible assets, accumulated amortization	2,627	2,380
Finite-lived intangible assets, net	4,268	4,515
Noncompete Agreements [Member]
Finite-lived intangible assets, gross	627	627
Finite-lived intangible assets, accumulated amortization	557	505
Finite-lived intangible assets, net	$ 70	$ 122

Note 3 - Goodwill and Intangi_4

Note 3 - Goodwill and Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Three Months Ended March 31, 2020 and 2019	$ 299	$ 299
2020	808
2021	985
2022	985
2023	985
Thereafter	575
Total estimated amortization expense	$ 4,338

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual)	Mar. 31, 2020
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	3 years

Note 4 - Leases - Maturities of

Note 4 - Leases - Maturities of lease liabilities (Details) $ in Thousands	Mar. 31, 2020USD ($)
Remaining 2020	$ 163
2021	110
2022	20
Thereafter
Total	293
Less interest	15
Present value of lease liabilities	$ 278

Note 4 - Leases - Operating Lea

Note 4 - Leases - Operating Lease Information (Details)	Mar. 31, 2020
Weighted average remaining lease term (years) (Year)	1 year 197 days
Weighted average discount rate	6.75%

Note 5 - Borrowings (Details Te

Note 5 - Borrowings (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			12 Months Ended	51 Months Ended	57 Months Ended	60 Months Ended
	Mar. 31, 2020	Jul. 01, 2019	Mar. 31, 2019	Dec. 31, 2019	Mar. 30, 2033	Dec. 31, 2023	Dec. 31, 2028
Amortization of Debt Discount (Premium)	$ 807
Warrants Issued in Debt Restructuring [Member]
Warrants and Rights Outstanding, Term (Year)	10 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	22,250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 0.01
Common Stock [Member]
Stock Issued During Period, Shares, Issued for Debt Restructuring (in shares)	9,000,000
Senior Notes [Member] | Post-modification Notes [Member]
Debt Instrument, Face Amount				$ 85,900
Senior Notes [Member] | The 2017 Notes [Member]
Percentage of of Excess Cash Flow Each Year to Noteholders				50.00%
Debt Instrument, Redemption Notice, Number Of Days (Day)				30 days
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				101.00%
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total		$ 2,600
Debt Instrument, Aggregate Amount Due		400
Payments Against Future Quarterly Interest Payments		$ 2,200
Amortization of Debt Discount (Premium)	$ 900
Interest Payable	$ 500
Senior Notes [Member] | The 2017 Notes [Member] | Forecast [Member]
Debt Instrument, Interest Rate During Period					10.00%	1.00%	2.00%

Note 5 - Borrowings - Schedule

Note 5 - Borrowings - Schedule of Debt (Details) - The 2017 Notes [Member] - Senior Notes [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Principal balance	$ 85,938	$ 85,938
Unamortized debt premium	1,694	886
Total, 2017 Notes	$ 87,631	$ 86,824

Note 6 - Commitments and Cont_2

Note 6 - Commitments and Contingencies (Details Textual) $ in Millions	Mar. 01, 2019USD ($)	Dec. 21, 2018USD ($)	Nov. 29, 2018USD ($)	Jun. 24, 2013USD ($)	Dec. 31, 2007USD ($)
NovaStar Mortgage Funding Trust Case [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans				43
Loans Summoned in Litigation Case				$ 6.5
Payments for Legal Settlements	$ 0.3
Settlement Period for Quarterly Payments (Year)	3 years
Loss Contingency Accrual, Ending Balance	$ 0.3
Indemnity Claimants’ Claims [Member]
Settlement Period for Quarterly Payments (Year)			3 years
Loss Contingency Accrual, Ending Balance			$ 0.4
Litigation Settlement, Amount Awarded to Other Party		$ 0.5
Claims to Repurchase Securitized Loans [Member]
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement					$ 43,100

Note 7 - Fair Value Accountin_2

Note 7 - Fair Value Accounting (Details Textual)	3 Months Ended
	Mar. 31, 2020
Post-modification Notes [Member] | Senior Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%

Note 7 - Fair Value Accountin_3

Note 7 - Fair Value Accounting - Carrying Values and Fair Values of Financial Instruments (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Reported Value Measurement [Member]
2017 Notes (Level 3)	$ 87,631	$ 86,824
Estimate of Fair Value Measurement [Member]
2017 Notes (Level 3)	$ 17,349	$ 21,289

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) xbrli-pure in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Deferred Tax Assets, Valuation Allowance, Total	$ 166.9	$ 166.5
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	0.00%
Operating Loss Carryforwards, Total	$ 727.6
Operating Loss Carryforwards, Mortgage Securities	250.3
Operating Loss Carryforwards with No Expiration	$ 93
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Earliest Tax Year [Member]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2025
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Latest Tax Year [Member]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2037