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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available for sale at fair value, amortized cost of $6,278,946 and $8,953,000 at March 31, 2019 and December 31, 2018, respectively $ 6,418,646 $ 8,701,197
Short-term investments, available for sale at fair value, cost of $1,014,549 and $854,000 at March 31, 2019 and December 31, 2018, respectively 864,553 855,032
Total investments 7,283,199 9,556,229
CASH AND CASH EQUIVALENTS 13,661,444 13,209,144
ACCRUED INVESTMENT INCOME 69,324 95,700
ACCOUNTS RECEIVABLE, including billed premiums of $1,915,898 and $1,411,130, net of allowance of $130,283 and $104,181 at March 31, 2019 and December 31, 2018, respectively 70,918,172 32,562,280
DEFERRED ACQUISITION COSTS 5,375,585 2,433,666
PROPERTY AND EQUIPMENT, net of depreciation and amortization of $4,201,892 and $4,094,092 at March 31, 2019 and December 31, 2018, respectively 4,154,492 4,023,866
OTHER ASSETS 7,825,626 4,904,608
TOTAL ASSETS 109,287,842 66,785,493
LIABILITIES, REDEEMABLE SHARES AND SHAREHOLDERS’ EQUITY    
CLAIMS PAYABLE 3,997,691 2,612,817
UNEARNED PREMIUM REVENUE 70,831,287 33,148,859
OTHER PAYABLES AND ACCRUALS 9,565,034 6,954,301
MORTGAGE LOAN PAYABLE 1,025,600 1,040,000
CAPITAL LEASE OBLIGATIONS 669,312 759,296
DEFERRED COMPENSATION 5,592,167 5,248,656
TOTAL LIABILITIES 91,681,091 49,763,929
COMMITMENTS AND CONTINGENCIES
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 17,606,751 17,021,564
SHAREHOLDERS’ EQUITY—Preferred Shares; no par value—authorized, 92,700 shares; none outstanding
TOTAL LIABILITIES, REDEEMABLE SHARES AND SHAREHOLDERS’ EQUITY 109,287,842 66,785,493
Common Class A [Member]    
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 687,961 665,095
Common Class B [Member]    
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares 11,985,369 11,587,018
Common Class C [Member]    
REDEEMABLE PREFERRED AND COMMON SHARES:    
Redeemable shares $ 4,933,421 $ 4,769,451