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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net Loss $ (3,037,987) $ (47,957)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 264,710 239,914
Bond amortization, net (426,603) (8,567)
Non-cash stock based compensation 11,552 11,552
Bad debt expense 15,420 104
Realized investment (gains) losses (155) 1,278
Changes in assets and liabilities:    
Net receivables and accrued investment income (318,323) (825,695)
Reinsurance recoverable (2,790,506) 460,247
Deferred policy acquisition costs 9,643 (261,710)
Other assets 415,723 602,394
Unpaid losses and loss adjustment expenses 4,883,233 (106,128)
Unearned premium 501,849 1,185,762
Advance premium and premium deposits 161,441 229,324
Accrued expenses and other liabilities 47,035 121,508
Income taxes current/deferred (1,584,493) (17,853)
Net Cash Provided (Used) by Operating Activities (1,847,461) 1,584,173
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (29,347,552) (5,194,000)
Proceeds from maturity of fixed maturity investments 25,218,000 300,000
Proceeds from sale of fixed maturity investments 1,050,155 744,722
Net decrease in short-term investments 5,111,829 8,681,962
Additions to property and equipment (95,441) (522,465)
Net Cash Provided by Investing Activities 1,936,991 4,010,219
Cash Flows from Financing Activities:    
Repurchase of common stock 0 (89,582)
Net Cash Used by Financing Activities 0 (89,582)
Net increase in cash and restricted cash 89,530 5,504,810
Cash and restricted cash at beginning of period 13,496,379 8,258,673
Cash and Restricted Cash at End of Period 13,585,909 13,763,483
Cash paid during the period for:    
Income taxes $ 8,800 $ 8,774