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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from operating activities:    
Net loss $ (1,147,431) $ (336,217)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 10,543 7,344
Net (gains) losses realized on the sale of securities 641 (52,397)
Unrealized (gains) losses on equity securities 449,795 (32,918)
Change in fair value of funds withheld embedded derivative 282,217 202,647
Amortization of investment securities, net 43,567 44,015
Deferred acquisition costs capitalized (108,618) (97,971)
Deferred acquisition costs amortized 275,698 270,057
Value of business acquired amortized 23,105 23,105
Interest credited on deposit type contracts 304,017 373,779
(Increase) decrease in operating assets:    
Change in funds withheld (454,194) (584,526)
Investment income due and accrued 184,610 (50,084)
Reinsurance related assets 8,627 48,813
Other assets 166,827 1,120,029
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 1,213,223 1,176,713
Dividend accumulation 548 929
Advance premiums 30,829 89,741
Other liabilities 11,493 9,632
Accounts payable and accrued expenses 11,612 (1,365,104)
Net cash provided by operating activities 1,307,109 847,587
Cash Flows from investing activities:    
Purchase of equity investments (843,310) (139,813)
Purchase of mortgage investments (2,101,335) (391,388)
Proceeds from equity sales 309,668 52,469
Proceeds from mortgage repayments 2,528,264 124,086
Transfers from (to) funds withheld 0 300,000
Increase in policy loans (40,629) (2,978)
Purchase of property, equipment and software (3,602) 0
Net cash provided by (used in) investing activities (405,655) 126,008
Cash Flows from financing activities:    
Receipts on deposit-type contracts 1,129,420 972,879
Withdrawals on deposit-type contracts (567,239) (606,835)
Proceeds received from issuance of common stock, net of costs of issuance 7,171 (39,954)
Net cash provided by financing activities 569,352 326,090
Net increase in cash and cash equivalents 1,470,806 1,299,685
Cash and Cash Equivalents:    
Beginning 7,955,348 4,320,759
Ending 9,426,154 5,620,444
Supplemental Disclosure of Non-Cash Information    
Funds withheld assumed deposits on deposit-type contracts 379,827 681,594
Funds withheld assumed withdrawals on deposit-type contracts (260,972) (155,649)
Commissions and expense allowances deducted from funds withheld (277,439) (276,279)
Fixed Income Investments [Member]    
Cash Flows from investing activities:    
Purchase of fixed income investments (459,249) 0
Proceeds from fixed income sales and repayments $ 204,538 $ 183,632