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Consolidated and Combined Statements of Cash Flows - 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:    
Deferred income taxes 21,664 (1,120,719)
Net realized gain on sales of investments (351,768) (24,256)
Unrealized (gain) loss on equity securities and other investments (952,508) 1,557,518
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)
Premiums receivable (760,704) 13,335
Reinsurance recoverable 105,634 629,808
Income taxes recoverable (16,178) (180,230)
Unearned ceded premiums (607,966) 147,498
Deferred acquisition costs 1,400,707 93,129
Prepaid management fee (10,000,000)  
Other assets 309,173 (187,007)
Losses and loss adjustment expenses (4,784,358) 17,779
Unearned premiums (419,502) (2,112,461)
Reinsurance payable 758,626 (216,052)
Accounts payable, accrued expenses, and other liabilities 1,203,992 190,926
Due to affiliates (309,310) (495,076)
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
Proceeds from sales of equity securities and other investments 5,618,525 1,324,636
Purchases of fixed maturity securities (20,236,649) (14,648,042)
Purchases of equity securities (723,524) (2,106,117)
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  
Payments of notes payable (62,469) (59,895)
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