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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net Loss $ (6,536,974) $ (5,251,216)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization of right of use assets 4,019,643 4,131,930
Depreciation, amortization, and accretion 16,631,734 14,497,914
Deferred income taxes (1,481,469) (1,298,345)
Loss (gain) on disposition of assets 9,798 (108,515)
Bad debt expense 202,772 163,026
Equity in loss (income) of unconsolidated affiliates 16,573,011 (244,476)
Other investment (income) loss (15,671,077) 1,289,754
Changes in operating assets and liabilities exclusive of the effects of business combinations:    
Accounts receivable (1,685,042) (1,763,999)
Interest receivable 54,977 24,688
Prepaid expenses 305,445 190,737
Distributions from unconsolidated affiliates 0 271,355
Deferred policy acquisition costs (320,491) (292,759)
Other assets (46,158) (5,023)
Other liabilities, exclusive of debt (64,883) (81,728)
Accounts payable and accrued expenses 206,076 3,067,204
Lease liabilities (4,159,424) (4,212,893)
Unearned premiums 2,591,658 1,257,046
Deferred revenue 488,538 86,627
Compensation paid in stock 999,057 520,368
Net Cash Provided by Operating Activities 12,117,191 12,241,695
Cash Flows from Investing Activities:    
Payments on short-term payables for business acquisitions (59,399) (3,387,615)
Payment of contingent consideration 0 (248,272)
Issuance of note receivable 0 (1,608,100)
Business acquisitions, net of cash acquired 0 (6,979,455)
Investment in unconsolidated affiliate (21,000) (3,000,000)
Capital expenditures (23,696,261) (43,104,499)
Proceeds from sales of investments 291,799,774 273,577,705
Purchases of investments (238,129,730) (264,208,780)
Net Cash Provided by (Used in) Investing Activities 29,893,384 (48,959,016)
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 (18,141,551) 0
Contributions from noncontrolling interest 87,166 5,547,843
Collateral release (2,826,309) (6,635,477)
Distributions to noncontrolling interests (36,992,659) (81,638)
Principal payments of long-term debt (1,006,390) (961,440)
Offering costs 0 (1,280,060)
Net Cash (Used in) Provided by Financing Activities (48,879,743) 34,115,891
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (6,869,168) (2,601,430)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 39,413,204 54,666,512
Cash, Cash Equivalents, and Restricted Cash, End of Period 32,544,036 52,065,082
Interest Paid in Cash 1,045,577 852,766
Income Taxes Paid in Cash 15,573 58,633
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