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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 91,789 $ 49,821
Adjustments to reconcile net income to net cash used in operating activities:    
Deferred income taxes 55,658 128,401
Net realized loss (gain) on sales of investments 34,946 (12,266)
Unrealized (gain) loss on equity securities (886,597) 173,743
Amortization of bond premiums 55,536 66,962
Depreciation and amortization expense 13,234 25,000
Changes in operating assets and liabilities:    
Accrued investment income 17,552 (33,377)
Premiums receivable 698,075 1,561,521
Reinsurance recoverable (251,805) 293,749
Reinsurance premiums receivable (1,129,236) (1,208,837)
Income taxes recoverable 367 (178,225)
Unearned ceded premiums (77,648) 127,777
Deferred acquisition costs (704,911) (747,989)
Prepaid management fee (10,000,000)  
Other assets (179,554) (299,256)
Losses and loss adjustment expenses (1,771,221) 121,872
Unearned premiums 1,844,138 1,782,004
Reinsurance payable 1,491,536 (186,114)
Accounts payable, accrued expenses, and other liabilities (1,668,079) (2,399,855)
Due to affiliates (81,613) (476,330)
Net cash flows used in operating activities (12,447,833) (1,211,399)
Cash flows from investing activities:    
Proceeds from sales of bond securities 4,803,891 6,333,409
Proceeds from sales of equity securities 173,190 81,010
Purchases of bond securities (124,967) (5,361,894)
Purchases of equity securities (214,277) (239,835)
Net sales (purchases) of short-term investments 174,792 (699,560)
Net cash flows provided by investing activities 4,812,629 113,130
Cash flow from financing activities    
Issuance of common stock 33,617,080  
Payments of notes payable (15,231) (14,782)
Net cash flows provided by (used in) financing activities 33,601,849 (14,782)
Net change in cash and cash equivalents 25,966,645 (1,113,051)
Cash and cash equivalents, at beginning of period 3,903,620 8,196,226
Cash and cash equivalents, at end of period 29,870,265 7,083,175
Cash paid during the period for interest $ 1,188 $ 1,802