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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) $ (787,342) $ 716,923
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities    
Net realized investment losses (gains) 402,320 (741,123)
Net unrealized (gains) on equity securities (2,195) (1,716,124)
Depreciation 508,152 613,916
Deferred income tax (423,896) 360,009
Amortization of bond premium and discount 175,114 172,691
Stock-based compensation expense 333,123 311,361
Change in:    
Accrued investment income (72,885) (2,371)
Premiums and reinsurance balances receivable (369,089) (1,847,981)
Ceded unearned premiums (16,900) (65,406)
Reinsurance balances payable 353,676 (897,013)
Reinsurance balances recoverable (2,808,250) (5,530,517)
Deferred policy acquisition costs 1,786 (278,207)
Unpaid losses and settlement expenses 5,104,937 6,875,171
Unearned premiums (471,148) 1,642,978
Accrued expenses (1,123,106) (1,376,476)
Current federal income tax (525,303) (18,097)
Other (692,009) (570,277)
Net cash (used in) operating activities (413,015) (2,350,543)
Cash flows from investing activities:    
Fixed maturity securities, available-for-sale (20,946,699) (19,060,848)
Other invested assets (901,500) (738,300)
Property held for investment (1,268,464) (332,393)
Property and equipment (231,291) (321,704)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 12,813,180 19,522,461
Property and equipment 11,753 31,137
Net cash (used in) investing activities (11,128,342) (153,466)
Cash flows from financing activities:    
Proceeds from loans 11,629,800
Repayments of borrowed funds (6,928) (7,020)
Purchase of treasury stock (109,460) (102,855)
Net cash provided by (used in) financing activities 11,513,412 (109,875)
Net (decrease) in cash and cash equivalents (27,945) (2,613,884)
Cash and cash equivalents at beginning of year 6,626,585 4,644,784
Cash and cash equivalents at end of period 6,598,640 2,030,900
Supplemental information:    
Federal income tax paid (recovered) (164,543)
Interest paid 135,800 96,700
Common Stock [Member]    
Cash flows from investing activities:    
Equity securities (3,356,465) (5,252,095)
Proceeds from sales, maturities and calls of:    
Equity securities 4,247,936 5,998,276
Preferred Stock [Member]    
Cash flows from investing activities:    
Equity securities (1,718,782)
Proceeds from sales, maturities and calls of:    
Equity securities $ 221,990