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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net Loss $ (671,074) $ (2,207,251)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 135,027 140,202
Bond amortization, net 6,880 98,269
Non-cash stock based compensation   0
Bad debt expense 2,739 128
Net realized investment losses 8,149 0
Changes in assets and liabilities:    
Net receivables and accrued investment income (456,919) 533,963
Reinsurance recoverable (3,136,056) (3,589,663)
Deferred policy acquisition costs (81,052) 224,155
Other assets 351,282 34,429
Unpaid losses and loss adjustment expenses (324,284) 4,837,012
Unearned premium 561,777 (713,923)
Advance premium and premium deposits 108,521 101,379
Accrued expenses and other liabilities (78,202) (430,537)
Income taxes current/deferred (149,458) (607,446)
Net Cash Used by Operating Activities (3,722,670) (1,579,283)
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (3,573,566) (8,160,736)
Proceeds from maturity of fixed maturity investments 1,779,271 4,837,436
Proceeds from sale or call of fixed maturity investments 482,696 0
Net (increase) decrease in short-term investments 3,994,162 1,647,778
Additions to property and equipment (231,521) (37,739)
Net Cash (Used by) Provided by Investing Activities 2,451,042 (1,713,261)
Cash Flows from Financing Activities:    
Net Cash Used by Financing Activities 0 0
Net decrease in cash and cash equivalents (1,271,628) (3,292,544)
Cash and cash equivalents beginning of period 4,917,762 9,366,944
Cash and cash equivalents end of period 3,646,134 6,074,400
Cash paid during the period for:    
Interest 0 0
Income taxes $ 8,800 $ 0