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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (474,196) $ (1,619,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Deferred income taxes (109,058) 75,369
Net realized loss (gain) on sales of investments 180,680 (97,827)
Unrealized gain on equity securities and other investments (1,090,056) (150,916)
Amortization of bond premiums 177,776 188,442
Depreciation and amortization expense 753,987 80,878
Changes in operating assets and liabilities:    
Accrued investment income (23,355) (57,716)
Premiums receivable 1,884,701 2,360,638
Reinsurance recoverable (974,823) 224,837
Income taxes recoverable (367) (211,830)
Unearned ceded premiums (753,608) (74,253)
Deferred acquisition costs 1,240,853 454,281
Prepaid management fee (10,000,000)  
Other assets 208,822 (125,416)
Losses and loss adjustment expenses (2,438,399) (736,142)
Unearned premiums (1,110,204) (1,353,908)
Reinsurance payable 662,906 (232,065)
Accounts payable, accrued expenses, and other liabilities (2,204,788) (2,625,657)
Due to affiliates (167,577) (595,986)
Net cash flows used in operating activities (14,236,706) (4,496,316)
Cash flows from investing activities:    
Proceeds from sales of bond securities 9,178,609 16,343,298
Proceeds from sales of equity securities and other investments 2,175,620 488,072
Purchases of bond securities (13,919,951) (14,307,320)
Purchases of equity securities (599,091) (1,209,922)
Net purchases of short-term investments (1,342,919) (299,568)
Net cash flows (used in) provided by investing activities (4,507,732) 1,014,560
Cash flows from financing activities    
Proceeds from issuance of common stock 33,574,401  
Payments of notes payable (46,624) (44,247)
Net cash flows provided by (used in) financing activities 33,527,777 (44,247)
Net change in cash and cash equivalents 14,783,339 (3,526,003)
Cash and cash equivalents, at beginning of period 3,903,620 8,196,226
Cash and cash equivalents, at end of period 18,686,959 4,670,223
Cash paid during the period for interest $ 3,173 $ 5,550