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Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows - Parent Company Only (Details) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Depreciation $ 693,067 $ 708,378
Deferred income tax (1,125,063) 414,747
Amortization of bond premium and discount 175,085 281,679
Stock-based compensation expense 589,805 556,670
Accrued investment income (132,399) 1,380
Accrued expenses 630,409 1,969,100
Current federal income tax 173,652 177,292
Other 137,845 (424,907)
Net cash provided by operating activities 10,755,134 5,311,926
Fixed maturity securities (20,443,812) (21,860,180)
Fixed maturity securities 17,820,507 18,590,418
Other invested assets (1,874,993) (1,599,999)
Property and equipment (711,133) (992,314)
Net cash used in investing activities (6,256,602) (12,154,999)
Repayments of borrowed funds (8,455,342) (4,010,231)
Purchase of treasury stock (2,509,582) (139,160)
Net cash (used in) provided by financing activities (5,964,924) 4,850,609
Net decrease in cash and cash equivalents (1,466,392) (1,992,464)
Cash and cash equivalents at beginning of year 4,606,378  
Cash and cash equivalents at end of period 3,139,986 4,606,378
Federal income tax paid 370,000 145,000
Interest paid 190,200 230,700
Parent Company [Member]    
Net (loss) earnings (581,662) 4,142,779
Net realized and unrealized losses (gains) on equity securities 136,495 (274,166)
Depreciation 24,065 51,235
Deferred income tax 23,969 3,316
Equity in undistributed income of subsidiaries (1,008,352) (5,481,909)
Amortization of bond premium and discount 761 0
Stock-based compensation expense 388,359 419,070
Intercompany notes receivable 4,473 (1,380,000)
Due from subsidiaries (1,046,958) 16,321
Accrued investment income 4,371 255
Accrued expenses (4,173) 72,719
Current federal income tax (312,389) (67,131)
Other (29,924) (476,240)
Net cash provided by operating activities (2,400,965) (2,973,750)
Contributions from subsidiaries 4,691,823 6,605,654
Fixed maturity securities (724,994) (312,114)
Common stocks (202,897) (216,473)
Fixed maturity securities 573,820 220,950
Common stocks 173,523 195,840
Other invested assets 0 16,403
Property and equipment 24,293 121,249
Net cash used in investing activities 4,535,568 6,631,510
Repayments of borrowed funds (51,490) (3,544,668)
Purchase of treasury stock (2,308,136) (1,561)
Net cash (used in) provided by financing activities (2,359,626) (3,546,230)
Net decrease in cash and cash equivalents (225,023) 111,530
Cash and cash equivalents at beginning of year 573,715 462,185
Cash and cash equivalents at end of period 348,692 573,715
Federal income tax paid 0 0
Interest paid $ 38,531 $ 128,104