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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (5,733,658) $ (5,065,534)
Adjustments to arrive at cash provided by operating activities:    
Net premium and discount on investments 113,880 102,285
Depreciation and amortization 58,761 147,761
Stock options 21,745  
Net transfers to noncontrolling interest 124,477  
Net realized gains on investments (353,602) 334,928
Deferred coinsurance ceding commission 3,678,196 2,944,572
Notes payable interest accrued 845,536  
Commutation of assumed business (2,544,929)
Changes in operating assets and liabilities:    
Reinsurance recoverables (7,478,880) (707,419)
Accrued investment income (1,310,492) 22,458
Premiums receivable (9,089) 21,507
Policy liabilities 2,963,219 254,614
Other assets and liabilities 4,745,274 175,344
Other assets and liabilities - discontinued operations (122,543) (16,055,335)
Net cash used for operating activities (2,457,176) (20,369,748)
Cash Flows from Investing Activities:    
Purchases (103,078,444) (8,382,284)
Proceeds from sale or maturity 5,780,475 10,243,118
Mortgage loans on real estate, held for investment purchases    
Purchases (15,036,179)  
Proceeds from sale 1,226,138  
Derivatives (490,831)  
Other invested assets    
Purchases (20,533,761) (100,000)
Proceeds from sale 14,849,555 104,892
Preferred stock purchased (500,000)  
Net change in policy loans (62,171) 9,630
Net purchases of property and equipment (45,634) (12,747)
Net cash (used in) or provided by investing activities (117,890,852) 1,862,609
Cash Flows from Financing Activities:    
Finance lease (444) (444)
Proceeds from issuance of preferred stock   1,500,000
Proceeds from issuance of notes payable 18,938,705
Receipts on deposit-type contracts 161,392,700 650
Withdrawals on deposit-type contracts (160,590) (50,732)
Net cash provided by financing activities 161,231,666 20,388,179
Net increase in cash and cash equivalents 40,883,638 1,881,040
Cash and cash equivalents:    
Beginning 2,832,567 951,527
Ending 43,716,205 2,832,567
Settlement of real estate and surplus notes:    
Book value of real estate settled 493,648
Book value of surplus notes (including interest) (876,400)
Gain from settlement of real estate and surplus notes 382,752
Conversion of notes payable    
Book value of note payable (19,100,000)  
Common stock 927,680  
Additional paid in capital 18,172,320  
Conversion of preferred stock    
Book value of preferred stock (1,500,000)  
Common stock 72,855  
Additional paid in capital 1,427,145  
Total