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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 1,724,607 $ (1,191,331)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Net realized investment (gains) losses (536,615) 342,987
Net unrealized (gains) losses on equity securities (1,605,135) 979,584
Depreciation 321,015 338,409
Deferred income tax 267,950 (145,619)
Amortization of bond premium and discount 143,687 100,619
Stock-based compensation expense 261,827 220,357
Change in:    
Accrued investment income 4,582 (33,964)
Premiums and reinsurance balances receivable (1,352,895) (2,703,362)
Ceded unearned premiums (82,340) (32,249)
Reinsurance balances payable 470,133 1,024,863
Reinsurance balances recoverable (2,897,838) (8,426,429)
Deferred policy acquisition costs (652,178) (216,763)
Unpaid losses and settlement expenses 2,282,563 9,576,812
Unearned premiums 3,611,517 (179,707)
Accrued expenses 391,232 (1,099,306)
Current federal income tax 179,075 (185,499)
Other (107,600) 2,404,746
Net cash provided by operating activities 2,423,587 774,148
Purchases of:    
Fixed maturity securities, available-for-sale (12,878,221) (12,628,366)
Other invested assets (100,000) (901,500)
Property held for investment (994,832) (1,262,417)
Property and equipment (481,864) (175,151)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 6,184,298 9,384,229
Other invested assets 300,000  
Property held for investment 1,316,993  
Property and equipment 15,135 10,430
Net cash used in investing activities (9,926,282) (5,981,649)
Cash flows from financing activities:    
Proceeds from loans 9,000,000 11,629,800
Repayments of borrowed funds (4,005,245) (4,714)
Purchase of treasury stock (92,414) (15,958)
Net cash provided by financing activities 4,902,341 11,609,128
Net (decrease) increase in cash and cash equivalents (2,600,354) 6,401,627
Cash and cash equivalents at beginning of year 6,598,842 6,626,585
Cash and cash equivalents at end of period 3,998,488 13,028,212
Supplemental information:    
Interest paid 108,800 82,000
Common Stocks [Member]    
Purchases of:    
Equity securities (5,259,415) (2,173,439)
Proceeds from sales, maturities and calls of:    
Equity securities 1,964,835 3,260,997
Preferred Stock [Member]    
Purchases of:    
Equity securities (333,734) (1,641,922)
Proceeds from sales, maturities and calls of:    
Equity securities $ 340,523 $ 145,490