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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net Loss $ (735,284) $ (2,700,880)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 402,769 417,261
Bond amortization, net 24,192 160,724
Bad debt expense (20,766) 384
Net realized investment (gains) losses 12,661 (148)
Changes in assets and liabilities:    
Net receivables and accrued investment income (576,294) 1,874,900
Reinsurance recoverable (5,616,860) 77,156
Deferred policy acquisition costs (308,780) 558,841
Other assets 265,208 51,589
Unpaid losses and loss adjustment expenses (1,162) 163,351
Unearned premium 2,422,025 (2,610,489)
Advance premium and premium deposits 176,897 159,445
Accrued expenses and other liabilities 433,351 (367,520)
Deferred income taxes (111,000) (647,727)
Net Cash Used by Operating Activities (3,633,043) (2,863,113)
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (8,286,568) (21,034,427)
Proceeds from maturity of fixed maturity investments 7,313,548 16,121,354
Proceeds from sale or call of fixed maturity investments 3,472,794 1,270,296
Net decrease in short-term investments 4,490,954 1,647,778
Additions to property and equipment (745,389) (95,947)
Net Cash Provided (Used) by Investing Activities 6,245,339 (2,090,946)
Cash Flows from Financing Activities:    
Repurchase of common stock (2,121) (216)
Net Cash Used by Financing Activities (2,121) (216)
Net increase (decrease) in cash and cash equivalents 2,610,175 (4,954,275)
Cash and cash equivalents beginning of period 4,917,762 9,366,944
Cash and cash equivalents end of period 7,527,937 4,412,669
Cash paid during the period for:    
Interest 0 0
Income taxes $ 8,800 $ 8,800