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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 2,148,870 $ (787,342)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Net realized investment (gains) losses (824,070) 402,320
Net unrealized gains on equity securities (1,392,999) (2,195)
Depreciation 485,688 508,152
Deferred income tax 218,885 (423,896)
Amortization of bond premium and discount 209,740 175,114
Stock-based compensation expense 408,220 333,123
Change in:    
Accrued investment income (52,792) (72,885)
Premiums and reinsurance balances receivable (2,656,012) (369,089)
Ceded unearned premiums (96,603) (16,900)
Reinsurance balances payable 804,998 353,676
Reinsurance balances recoverable (1,456,368) (2,808,250)
Deferred policy acquisition costs (854,536) 1,786
Unpaid losses and settlement expenses (285,054) 5,104,937
Unearned premiums 5,132,116 (471,148)
Accrued expenses 773,976 (1,123,106)
Current federal income tax 268,235 (525,303)
Other (188,107) (692,009)
Net cash provided by (used in) operating activities 2,644,187 (413,015)
Purchases of:    
Fixed maturity securities, available-for-sale (17,102,938) (20,946,699)
Other invested assets (350,000) (901,500)
Property held for investment (1,630,760) (1,268,464)
Property and equipment (647,962) (231,291)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 11,921,877 12,813,180
Other invested assets 304,987  
Property held for investment 1,470,533  
Property and equipment 44,963 11,753
Net cash used in investing activities (11,492,590) (11,128,342)
Cash flows from financing activities:    
Proceeds from loans 9,000,000 11,629,800
Repayments of borrowed funds (4,007,552) (6,928)
Purchase of treasury stock (103,407) (109,460)
Net cash provided by financing activities 4,889,041 11,513,412
Net decrease in cash and cash equivalents (3,959,362) (27,945)
Cash and cash equivalents at beginning of year 6,598,842 6,626,585
Cash and cash equivalents at end of period 2,639,480 6,598,640
Supplemental information:    
Federal income tax paid 65,000  
Interest paid 170,100 135,800
Common Stocks [Member]    
Purchases of:    
Equity securities (8,119,260) (3,356,465)
Proceeds from sales, maturities and calls of:    
Equity securities 2,734,181 4,247,936
Preferred Stock [Member]    
Purchases of:    
Equity securities (458,734) (1,718,782)
Proceeds from sales, maturities and calls of:    
Equity securities $ 340,523 $ 221,990