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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net Income (Loss) $ 3,371,415 $ (6,167,725)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Amortization of right of use assets 5,493,263 5,488,927
Depreciation, amortization, and accretion 22,398,171 19,781,536
Income taxes (290,427) (3,077,908)
Loss on disposition of assets 720,691 84,414
Bad debt expense 318,520 252,957
Equity in loss of unconsolidated affiliates 17,283,281 7,888,765
Amortization of bond premium (1,302,048) 0
Other investment income (29,059,717) (6,132,791)
Changes in operating assets and liabilities:    
Accounts receivable (610,863) (6,562,835)
Interest receivable 101,869 10,584
Prepaid expenses 162,245 (880,197)
Distributions from unconsolidated affiliates 0 271,355
Deferred policy acquisition costs (389,266) (517,135)
Other assets (52,659) (2,966)
Other liabilities, exclusive of debt (83,785) 0
Accounts payable, accrued expenses and other current liabilities 3,917,430 7,635,508
Lease liabilities (5,356,529) (5,291,469)
Compensation paid in stock 917,795 640,370
Unearned premiums 3,286,324 2,540,818
Deferred revenue 415,870 96,917
Net Cash Provided by Operating Activities 21,241,580 16,059,125
Cash Flows from Investing Activities:    
Payments on short-term payables for business acquisitions (496,899) (4,038,855)
Business acquisitions, net of cash acquired 0 (10,916,955)
Investment in unconsolidated affiliates (21,000) (3,019,500)
Capital expenditures (32,201,191) (51,866,340)
Payment of contingent consideration 0 (248,272)
Proceeds from sales of investments 355,082,233 304,480,216
Purchase of investments (294,263,327) (298,642,985)
Net Cash Provided by (Used in) Investing Activities 28,099,816 (64,252,691)
Cash Flows from Financing Activities:    
Proceeds from issuance of stock 0 37,526,663
Proceeds from credit facilities 13,500,000 0
Stock repurchased (18,350,693) 0
Contributions from noncontrolling interests 206,082 5,550,175
Distributions to noncontrolling interests (37,512,061) (769,968)
Principal payments of long-term debt (1,272,962) (1,161,504)
Collateral release (4,127,540) (6,925,048)
Offering costs 0 (1,280,060)
Net Cash (Used in) Provided by Financing Activities (47,557,174) 32,940,258
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 1,784,222 (15,253,308)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Year 39,413,204 54,666,512
Cash, Cash Equivalents, and Restricted Cash, End of Year 41,197,426 39,413,204
Interest Paid in Cash 1,527,915 1,130,539
Income Taxes Paid in Cash 0 99,649
Payable as consideration for business acquisitions 0 1,691,602
Stock issued as consideration for redeemable noncontrolling interest 13,399,161 0
Investment transferred as compensation for stock repurchased 1,474,292 0
Contributions from noncontrolling interests, 24th Street Asset Management 0 50,206,255
Stock issued as consideration for business acquisition $ 0 $ 1,003,320