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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net Loss $ (5,264,213) $ (2,796,047)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization of right of use assets 2,761,839 2,839,898
Depreciation, amortization, and accretion 10,903,072 9,461,049
Deferred income taxes (945,209) (632,354)
Loss (gain) on disposition of assets 13,345 (40,149)
Bad debt expense 126,000 111,982
Equity in loss (income) of unconsolidated affiliates 7,214,228 (370,446)
Other investment income (7,243,060) (605,215)
Changes in operating assets and liabilities exclusive of the effects of business combinations:    
Accounts receivable (1,502,261) (1,630,621)
Interest receivable 121,735 4,520
Prepaid expenses 295,817 (3,316,225)
Distributions from unconsolidated affiliates 0 207,641
Deferred policy acquisition costs (339,363) (289,992)
Other assets (25,232) (5,023)
Other liabilities, exclusive of debt (46,235) (81,728)
Accounts payable and accrued expenses 846,775 2,348,825
Lease liabilities (2,946,673) (3,035,461)
Unearned premiums 2,118,158 1,343,598
Deferred revenue 11,806 329,088
Compensation paid in stock 820,018 520,368
Net Cash Provided by Operating Activities 6,920,547 4,363,708
Cash Flows from Investing Activities:    
Payments on short-term payables for business acquisitions (39,399) (3,120,409)
Payment of contingent consideration 0 (248,272)
Issuance of note receivable 0 (1,608,100)
Business acquisitions, net of cash acquired 0 (5,640,072)
Capital expenditures (17,268,681) (20,915,576)
Proceeds from sales of investments 212,352,984 142,268,908
Purchases of investments (164,889,190) (149,885,498)
Net Cash Provided by (Used in) Investing Activities 30,155,714 (39,149,019)
Cash Flows from Financing Activities:    
Proceeds from the issuance of stock 0 37,526,663
Proceeds from long term credit facility 10,000,000 0
Repurchase of stock (16,761,371) 0
Contributions from noncontrolling interest 87,166 4,300,000
Collateral release (4,504,530) (95,856)
Distributions to noncontrolling interests (27,504,485) 0
Principal payments of long-term debt (403,191) (766,429)
Offering costs 0 (1,268,110)
Net Cash (Used in) Provided by Financing Activities (39,086,411) 39,696,268
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (2,010,150) 4,910,957
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 39,413,204 54,666,512
Cash, Cash Equivalents, and Restricted Cash, End of Period 37,403,054 59,577,469
Interest Paid in Cash 583,106 569,941
Income Taxes Paid in Cash 12,687 51,605
Stock issued as consideration for redeemable noncontrolling interest 13,399,161 0
Stock issued as consideration for business acquisition 0 1,003,320
Payable as consideration for business acquisition 0 1,254,102
Investment transferred as compensation for stock repurchased $ 1,474,292 $ 0