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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net Loss $ (3,247,051) $ (3,439,852)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Amortization of right of use assets 1,371,187 1,424,202
Depreciation, amortization, and accretion 5,390,798 4,563,167
Deferred income taxes (939,296) (1,665,662)
Loss (gain) on disposition of assets 197,083 (45,395)
Bad debt expense 89,000 54,870
Equity in loss of unconsolidated affiliates 10,171,615 4,980,078
Other investment income (7,788,445) (2,872,219)
Changes in operating assets and liabilities exclusive of the effects of business combinations:    
Accounts receivable (264,205) (608,600)
Interest receivable 56,237 10,567
Prepaid expenses 488,548 (763,528)
Deferred policy acquisition costs 58,033 (72,578)
Other assets (24,496) 0
Other liabilities, exclusive of debt (24,262) 0
Accounts payable and accrued expenses (2,101,115) (35,917)
Lease liabilities (1,455,167) (1,493,962)
Unearned premiums (405,731) 572,553
Deferred revenue 62,559 340,089
Compensation paid in stock 780,002 420,368
Net Cash Provided by Operating Activities 2,415,294 1,368,181
Cash Flows from Investing Activities:    
Payments on short-term payables for business acquisitions (24,886) (3,157,187)
Payment of contingent consideration 0 (248,272)
Capital expenditures (8,446,088) (8,011,459)
Proceeds from sales of investments 144,548,207 26,243,485
Purchases of investments (113,192,629) (52,671,304)
Net Cash Provided by (Used in) Investing Activities 22,884,604 (37,844,737)
Cash Flows from Financing Activities:    
Proceeds from the issuance of stock 0 28,105,461
Contributions from noncontrolling interest 87,166 3,300,000
Collateral (release) receipt (4,531,675) 180,492
Principal payments of long-term debt (202,058) (384,370)
Offering costs 0 (867,891)
Net Cash (Used in) Provided by Financing Activities (4,646,567) 30,333,692
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 20,653,331 (6,142,864)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 39,413,204 54,666,512
Cash, Cash Equivalents, and Restricted Cash, End of Period 60,066,535 48,523,648
Interest Paid in Cash 275,778 283,815
Income Taxes Paid in Cash $ 0 $ 0