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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,930,563) $ (1,594,031)
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of net premiums on investments 0 62,811
Depreciation and amortization on property and equipment 366,466 347,337
Net realized and unrealized (gains) on investments 0 (426,933)
Changes in assets and liabilities:    
Assumed reinsurance premiums receivable 0 2,221,664
Accrued investment income 0 147,975
Deferred income taxes 827,000 555,000
Deferred policy acquisition costs 0 724,509
Prepaid expenses and other assets 299,570 384,372
Liability for losses and loss adjustment expenses 0 (20,936,677)
Unearned premiums 0 (4,622,666)
Assumed reinsurance payable 0 (3,175,098)
Accrued expenses and other liabilities (514,071) (828,744)
Net cash used in operating activities (951,598) (27,140,481)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (112,039) (147,477)
Purchases of available-for-sale securities 0 (5,545,313)
Proceeds from sales of available-for-sale securities 0 1,684,014
Proceeds from redemptions of fixed maturity investments 0 21,650,652
Proceeds from maturities of fixed maturity investments 0 2,336,000
Net cash provided by investing activities (112,039) 19,977,876
CASH FLOWS FROM FINANCING ACTIVITIES    
Purchase of shares by subsidiary, net 0 (55,917)
Net cash used in financing activities 0 (55,917)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,063,637) (7,218,522)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 3,477,714 10,696,236
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR $ 2,414,077 $ 3,477,714