XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
INVESTMENTS:    
Fixed maturities, available for sale at fair value, amortized cost of $6,986,000 and $3,771,000 at December 31, 2013 and 2012, respectively $ 7,068,365 $ 4,022,368
Short-term investments, available for sale at fair value, amortized cost of $260,000 and $393,000 at December 31, 2013 and 2012, respectively 261,244 394,342
Total investments 7,329,609 4,416,710
CASH AND CASH EQUIVALENTS 8,105,859 8,530,758
ACCRUED INVESTMENT INCOME 53,287 32,918
ACCOUNTS RECEIVABLE, including uncollected premiums of $719,755 and $485,443, net of allowance of $7,686 and $55,163 at December 31, 2013 and 2012, respectively 34,530,021 19,081,506
DEFERRED ACQUISITION COSTS 2,190,462 1,184,413
PROPERTY AND EQUIPMENT, net of depreciation and amortization of $2,728,361 and $2,590,246 at December 31, 2013 and 2012, respectively 2,473,285 2,189,212
OTHER ASSETS 2,220,582 1,902,272
TOTAL ASSETS 56,903,105 37,337,789
LIABILITIES, REDEEMABLE SHARES AND SHAREHOLDERS' EQUITY    
CLAIMS PAYABLE 2,219,725 2,136,010
UNEARNED PREMIUM REVENUE 35,395,337 19,792,176
OTHER PAYABLES AND ACCRUALS 5,445,258 4,097,473
MORTGAGE LOAN PAYABLE 1,294,400 1,340,000
CAPITAL LEASE OBLIGATION 379,265 111,186
DEFERRED COMPENSATION 2,062,783 1,613,111
TOTAL LIABILITIES 46,796,768 29,089,956
COMMITMENTS AND CONTINGENCIES     
REDEEMABLE PREFERRED AND COMMON SHARES:    
Total redeemable preferred and common shares 10,106,337 8,247,833
SHAREHOLDERS' EQUITY-Preferred Shares; no par value-authorized, 92,700 shares; issued, none     
TOTAL LIABILITIES, REDEEMABLE SHARES AND SHAREHOLDERS' EQUITY 56,903,105 37,337,789
Provider Preferred-2009 Series [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares      
Institutional Preferred Shares-2010 Series [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 391,814 373,743
Institutional Preferred Shares-2012 Series [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 1,130,946 1,078,785
Institutional Preferred Shares-2013 Series [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 1,040,242  
Class A Redeemable Common Shares [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 488,282 460,630
Class B Redeemable Common Shares [Member]
   
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares $ 7,055,053 $ 6,334,675