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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net loss $ (168,748) $ (326,717)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,584 9,734
Net realized gains on the sale of securities (192,405) (10,838)
Amortization of investment securities, net 8,789 5,520
Deferred acquisition costs capitalized (70,818) (48,382)
Deferred acquisition costs amortized 37,764 37,457
Interest credited on deposit type contracts 16,597 14,244
(Increase) decrease in operating assets:    
Investment income due and accrued 6,255 10,909
Reinsurance related assets (207) 3,484
Pre-paid expenses (4,277) 32,202
Other assets (18,225) 2,003
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 389,568 390,000
Advance premiums 11,247 15,740
Other liabilities 14,352 12,037
Accounts payable and accrued expenses 2,796 (24,110)
Net cash provided by operating activities 41,272 123,283
Cash Flows from Investing Activities:    
Purchase of fixed income investments (1,479,152) (269,208)
Purchase of equity investments (180,567) (395,268)
Proceeds from fixed income sales and repayments 154,696 153,393
Proceeds from equity sales and repayments 92,247
Net cash (used in) investing activities (1,505,023) (418,836)
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 579,215 441,382
Withdrawals on deposit-type contracts (137,761) (74,577)
Proceeds received from exercise of warrants, net of costs of issuance 54,212 1,881,819
Net cash provided by financing activities 495,666 2,248,624
Net (decrease) increase in cash and cash equivalents (968,085) 1,953,071
Cash and Cash Equivalents:    
Beginning 3,145,745 2,466,526
Ending $ 2,177,660 $ 4,419,597