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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net Loss $ (1,043,826) $ (671,074)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 188,085 135,027
Bond amortization, net (6,711) 6,880
Bad debt expense (25) 2,739
Net realized investment losses (gain) (1,114) 8,149
Net unrealized investment losses on equity securities 44,800 0
Changes in assets and liabilities:    
Net receivables and accrued investment income (73,468) (456,919)
Reinsurance recoverable (353,724) (3,136,056)
Deferred policy acquisition costs (68,385) (81,052)
Other assets (38,153) 351,282
Unpaid losses and loss adjustment expenses 1,073,118 (324,284)
Unearned premium 297,061 561,777
Advance premium and premium deposits 125,944 108,521
Accrued expenses and other liabilities (48,814) (78,202)
Income taxes current/deferred (101,672) (149,458)
Net Cash Used by Operating Activities (6,884) (3,722,670)
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (1,735,823) (3,573,566)
Purchase of equity securities (502,484) 0
Proceeds from maturity of fixed maturity investments 1,328,128 1,779,271
Proceeds from sale or call of fixed maturity investments 603,543 482,696
Net (increase) decrease in short-term investments (1,202) 3,994,162
Additions to property and equipment (184,652) (231,521)
Net Cash (Used by) Provided by Investing Activities (492,490) 2,451,042
Cash Flows from Financing Activities:    
Repurchase of common stock (6,240) 0
Net Cash Used by Financing Activities (6,240) 0
Net decrease in cash and cash equivalents (505,614) (1,271,628)
Cash and cash equivalents beginning of period 5,781,639 4,917,762
Cash and cash equivalents end of period 5,276,025 3,646,134
Cash paid during the period for:    
Interest 0 0
Income taxes $ 8,800 $ 8,800