OTHER CASH FLOW DISCLOSURES

3 Months Ended

Mar. 31, 2013

OTHER CASH FLOW DISCLOSURES [Abstract]

Note 8 – Other Cash Flow Disclosures

On a cash basis, the Company paid the following expenses:

		Three Months Ended
		March 31,
		2013		2012

Interest expense	$	16,398	$	15,214
Federal income tax		2,050,000		22,581

During 2013, UG's wholly-owned subsidiary, UTG Avalon, LLC, entered into a noncash transaction whereas the subsidiary obtained a new line of credit in the amount of $5 million and utilized the line of credit to repay the prior line of credit. The terms of the new line of credit are consistent with the terms of the prior line of credit.

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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