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Schedule I - Registrant Only Financial Statements (Statements of Cash Flows) (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (238,951) $ (5,371,516)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net realized gain on sales of investments (351,768) (24,256)
Amortization of fixed maturity premiums 236,608 245,858
Depreciation and amortization expense 1,124,363 94,112
Changes in operating assets and liabilities:    
Accrued investment income (71,874) (48,513)
Income taxes recoverable (16,178) (180,230)
Prepaid management fee (10,000,000)  
Other assets 309,173 (187,007)
Accounts payable, accrued expenses, and other liabilities 1,203,992 190,926
Net cash flows used in operating activities (13,352,352) (6,765,867)
Cash flows from investing activities:    
Proceeds from sales of fixed maturity securities 13,053,782 18,336,061
Purchases of fixed maturity securities (20,236,649) (14,648,042)
Net purchases of short-term investments (787,253) (373,382)
Net cash flows (used in) provided by investing activities (3,075,119) 2,533,156
Cash flows from financing activities    
Proceeds from issuance of common stock 33,574,401  
Net cash flows provided by (used in) financing activities 33,511,932 (59,895)
Net change in cash and cash equivalents 17,084,461 (4,292,606)
Cash and cash equivalents, at beginning of year 3,903,620 8,196,226
Cash and cash equivalents, at end of year 20,988,081 3,903,620
Cash paid during the year for interest 3,445 6,620
Parent Company [Member]    
Cash flows from operating activities:    
Net loss (238,951)  
Adjustments to reconcile net loss to net cash used in operating activities:    
Net realized gain on sales of investments (66)  
Amortization of fixed maturity premiums (7,217)  
Depreciation and amortization expense 1,071,429  
Equity in undistributed earnings of subsidiary (892,988)  
Changes in operating assets and liabilities:    
Accrued investment income (26,677)  
Income taxes recoverable (300,895)  
Prepaid management fee (10,000,000)  
Other assets 198,459 (261,209)
Accounts payable, accrued expenses, and other liabilities 149,076  
Due (from) to affiliates (344,861) $ 261,209
Net cash flows used in operating activities (10,392,691)  
Cash flows from investing activities:    
Proceeds from sales of fixed maturity securities 525,000  
Purchases of fixed maturity securities (4,370,803)  
Net purchases of short-term investments (1,162,253)  
Investment in subsidiary (2,500,000)  
Net cash flows (used in) provided by investing activities (7,508,056)  
Cash flows from financing activities    
Proceeds from issuance of common stock 33,574,401  
Net cash flows provided by (used in) financing activities 33,574,401  
Net change in cash and cash equivalents 15,673,654  
Cash and cash equivalents, at end of year $ 15,673,654