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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net loss $ (783,473) $ (593,103)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 26,606 26,031
Net realized (gains) losses on the sale of securities 327 (435,392)
Amortization of investment securities, net 42,394 27,429
Deferred acquisition costs capitalized (216,426) (204,620)
Deferred acquisition costs amortized 313,860 136,709
Value of business acquired amortized 15,228 3,384
Interest credited on deposit type contracts 409,794 110,097
(Increase) decrease in operating assets:    
Investment income due and accrued (50,768) 9,315
Reinsurance related assets 80,953 (8,294)
Other assets 65,573 (132,357)
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 2,140,629 1,284,750
Advance premiums 37,426 92,016
Other liabilities 5,929 3,600
Accounts payable and accrued expenses (9,031) (32,519)
Net cash provided by operating activities 2,079,021 287,046
Cash Flows from Investing Activities:    
Purchase of fixed income investments (2,756,884) (4,629,966)
Purchase of equity investments (1,055,592) (4,669,164)
Proceeds from fixed income sales and repayments 248,077 3,081,710
Proceeds from equity sales and repayments 4,439,235
Interest on policy loans (1,842)
Increase in policy loans (6,619)
Acquisition of Northern Plains Capital Corporation 1,079,627
Assumed reinsurance from American Life & Security Corporation 6,895,145
Purchase of property, equipment and software (5,334) (11,121)
Net cash provided by (used in) investing activities (3,578,194) 6,185,466
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 2,969,466 1,368,680
Withdrawals on deposit-type contracts (1,155,056) (350,116)
Proceeds received from issuance of common stock, net of costs of issuance 1,014,783 378,256
Net cash provided by financing activities 2,829,193 1,396,820
Net increase in cash and cash equivalents 1,330,020 7,869,332
Cash and Cash Equivalents:    
Beginning 651,809 3,145,745
Ending 1,981,829 11,015,077
Supplemental Disclosure of Non-Cash Information    
Common stock issued on the acquisition of Northern Plains 3,097,380
Cost of reinsurance deferred on coinsurance transaction with American Life & Security Corp 2,861,450
Policyholder Contract Deposits [Member] | American Life & Security Corp [Member]    
Supplemental Disclosure of Non-Cash Information    
Deposit-type contract liabilities assumed 6,193,587
Northern Plains [Member] | Policyholder Contract Deposits [Member]    
Supplemental Disclosure of Non-Cash Information    
Deposit-type contract liabilities assumed 2,029,138
Fixed Maturities [Member] | Northern Plains [Member]    
Supplemental Disclosure of Non-Cash Information    
Securities acquired 3,006,552
Equity Securities [Member] | Northern Plains [Member]    
Supplemental Disclosure of Non-Cash Information    
Securities acquired $ 1,616,897