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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
May 31, 2013
May 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,679,178 $ 1,037,031
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 52,819 62,832
Impairment of investments in policies 11,968 671,918
Income from investments in policies (14,917) (3,482,470)
Earnings from life settlements trust (114,886) (16,107)
Deferred income taxes (34,430) 3,422,313
Increase in allowance for premium advances 86,414 138,838
Loss on settlement of note receivable 0 231,096
Income from assignment of income stream (5,254,500) 0
(Increase) decrease in operating assets:    
Accounts receivable 78,757 26,363
Note receivable 0 350,000
Income taxes receivable (payable) 914,023 (3,190,001)
Prepaid expenses 148,803 (851,500)
Premium advances, net (713,664) (566,195)
Increase (decrease) in operating liabilities:    
Accounts payable (293,555) 321,266
Accrued liabilities 521,374 5,094
Accrued settlement expense (10,950) 0
Deferred policy monitoring costs 69,798 63,409
Net cash provided by (used in) operating activities (2,873,768) (1,776,113)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investments in certificates of deposit (43) (89)
Proceeds from sales of marketable securities 0 400,000
Purchases of property and equipment 0 (64,337)
Proceeds from life settlements trust 227,508 48,289
Proceeds from assignment of income stream 5,254,500 0
Investment in life settlements trust (47,695) 0
Proceeds from sales of investments in policies 68,626 4,693,178
Purchase of investment in policies and capitalized premiums (43,529) (68,686)
Net cash provided by investing activities 5,459,367 5,008,355
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (1,864,687) (1,864,744)
Net cash used in financing activities (1,864,687) (1,864,744)
NET INCREASE IN CASH AND CASH EQUIVALENTS 720,912 1,367,498
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 7,575,579 11,362,688
CASH AND CASH EQUIVALENTS, END OF PERIOD 8,296,491 12,730,186
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 44 0
Income taxes paid $ 50,069 $ 366,620