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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net earnings $ 849,044 $ 469,996
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Net realized investment gains (444,781) (124,248)
Depreciation 216,554 180,431
Deferred income tax 333,766 266,423
Amortization of bond premium and discount 59,521 57,100
Change in:    
Accrued investment income 489 109,460
Premiums and reinsurance balances receivable (net) (16,280) (3,479,388)
Reinsurance balances payable 45,178  
Ceded unearned premiums 27,676 (82,846)
Reinsurance balances recoverable 2,642,373 (252,731)
Deferred policy acquisition costs (172,158) (107,628)
Accrued expenses (2,339,301) (1,429,665)
Unpaid losses and settlement expenses (2,953,321) 373,130
Unearned premiums (213,584) (41,095)
Current federal income tax 95,379 39,030
Other 1,151,454 (1,080,010)
Net cash provided by (used in) operating activities (717,991) (5,102,041)
Purchases of:    
Fixed maturity securities, available-for-sale (3,870,786) (1,895,534)
Property and equipment (220,148) (536,881)
Property held for investment (6,646) (1,632,254)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 3,507,897 6,177,479
Property and equipment 365 8,300
Net cash (used in) provided by investing activities (1,706,246) 1,732,370
Cash flows from financing activities:    
Proceeds received from issuance of shares of common stock, net of offering 29,136,900  
Proceeds from loan 3,499,149  
Proceeds from sale leaseback   777,643
Proceeds from bank overdraft   1,253,977
Repayments of borrowed funds (2,070,957) (105,893)
Net cash provided by financing activities 30,565,092 1,925,727
Net increase (decrease) in cash and cash equivalents 28,140,855 (1,443,944)
Cash and cash equivalents at beginning of year 4,376,847 2,179,511
Cash and cash equivalents at end of year 32,517,702 735,567
Supplemental information:    
Interest paid 52,186 42,923
Non-cash transactions:    
Payable for securities purchased 3,842,037  
Common Stock [Member]    
Purchases of:    
Equity securities, available-for-sale (2,947,068) $ (388,740)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale 1,955,715  
Preferred Stock [Member]    
Purchases of:    
Equity securities, available-for-sale $ (125,575)