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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net Loss $ (5,949,007) $ (2,001,454)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 386,250 361,490
Bond amortization, net (533,123) (12,897)
Non-cash stock based compensation 11,552 17,328
Bad debt expense 15,534 385
Realized investment (gains) losses (528) 1,278
Changes in assets and liabilities:    
Net receivables and accrued investment income (304,116) (726,376)
Reinsurance recoverable (3,801,282) 237,404
Deferred policy acquisition costs 201,467 (313,431)
Other assets 478,373 698,737
Unpaid losses and loss adjustment expenses 6,010,728 727,884
Unearned premium 97,396 1,322,906
Advance premium and premium deposits 205,505 277,193
Accrued expenses and other liabilities (505,008) 330,730
Income taxes current/deferred (3,108,695) (1,037,537)
Net Cash Used by Operating Activities (6,794,954) (116,360)
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (44,321,953) (12,032,000)
Proceeds from maturity of fixed maturity investments 39,354,000 10,894,000
Proceeds from sale of fixed maturity investments 1,594,097 744,722
Net (increase) decrease in short-term investments (2,875,912) 7,466,195
Additions to property and equipment (221,281) (536,584)
Net Cash (Used by) Provided by Investing Activities (6,471,049) 6,536,333
Cash Flows from Financing Activities:    
Repurchase of common stock 0 (89,582)
Net Cash Used by Financing Activities 0 (89,582)
Net (decrease) increase in cash and restricted cash (13,266,003) 6,330,391
Cash and restricted cash at beginning of period 13,496,379 8,258,673
Cash and Restricted Cash at End of Period 230,376 14,589,064
Cash paid during the period for:    
Interest 0 0
Income taxes $ 8,800 $ 8,774