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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from operating activities:    
Net income $ 334,355 $ 439,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,676 34,425
Net (gains) losses realized on the sale of securities (229,992) (1,014,347)
Unrealized (gains) losses on equity securities (20,814) (299,373)
Change in fair value of funds withheld embedded derivative 108,526 (653,294)
Amortization of investment securities, net 182,183 129,970
Gain on recaptured reinsurance 0 (543,794)
Deferred acquisition costs capitalized (453,040) (678,510)
Deferred acquisition costs amortized 1,210,345 970,386
Value of business acquired amortized 92,420 20,302
Interest credited on deposit type contracts 1,606,340 1,099,483
(Increase) decrease in operating assets:    
Change in funds withheld (2,492,319) (911,599)
Investment income due and accrued (275,468) (101,674)
Reinsurance related assets (27,284) (3,740)
Deferred tax assets, net of valuation allowance (1,208,417) (140,274)
Other assets 1,060,110 (1,008,077)
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 4,046,010 3,358,452
Dividend Accumulation 2,135 (6,911)
Advance premiums 34,051 23,469
Other liabilities 171,602 283
Accounts payable and accrued expenses (764,546) 1,384,775
Net cash provided by operating activities 3,411,873 2,099,401
Cash Flows from investing activities:    
Purchase of equity investments (1,252,485) (5,606,996)
Purchase of mortgage investments (2,591,328) (3,171,359)
Purchase of real estate and leasehold improvements 0 (1,415,743)
Proceeds from equity sales 675,534 5,555,808
Proceeds from mortgage repayments 2,104,322 5,223
Transfers from (to) funds withheld 200,000 (4,391,824)
Interest on policy loans 0 (8,934)
Increase in policy loans (9,616) (35,861)
Purchase of property, equipment and software (78,037) (28,403)
Net cash used in investing activities (1,713,117) (9,903,788)
Cash Flows from financing activities:    
Receipts on deposit-type contracts 3,987,535 6,805,322
Withdrawals on deposit-type contracts (1,937,457) (2,212,746)
Proceeds from FHLB advance 0 1,000,000
Proceeds received from issuance of common stock, net of costs of issuance (114,245) (146,235)
Net cash provided by financing activities 1,935,833 5,446,341
Net increase (decrease) in cash and cash equivalents 3,634,589 (2,358,046)
Cash and Cash Equivalents:    
Beginning 4,320,759 6,678,805
Ending 7,955,348 4,320,759
Supplemental Disclosure of Non-Cash Information    
Funds withheld assumed deposits on deposit-type contracts 1,371,325 47,078,703
Funds withheld assumed withdrawals on deposit-type contracts (1,542,077) 85,169
Commissions and expense allowances deducted from funds withheld (942,548) 6,820,167
Deferred acquisition costs released on reinsurance recapture 0 1,146,150
Deposit-type contract liabilities released on reinsurance recapture 0 6,893,561
Investments transferred out on reinsurance recapture 0 7,990,509
Investments received on assumption agreement 0 7,990,509
Fixed Income Investments [Member]    
Cash Flows from investing activities:    
Purchase of fixed income investments (2,751,482) (3,039,784)
Proceeds from fixed income sales and repayments 1,989,975 2,234,085
ALSC [Member] | Dakota Capital Life Insurance Company [Member]    
Supplemental Disclosure of Non-Cash Information    
Deposit-type contract liabilities acquired by DCLIC from ALSC 0 6,893,561
Value of business acquired by DCLIC from ALSC $ 0 $ 2,163,541