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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net Loss $ (2,427,665) $ (3,247,051)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization of right of use assets 1,377,996 1,371,187
Depreciation, amortization, and accretion 5,991,983 5,390,798
Deferred income taxes (190,376) (939,296)
Loss on disposition of assets 123,724 197,083
Bad debt expense 53,628 89,000
Equity in loss of unconsolidated affiliates 2,314,405 10,171,615
Amortization of bond premium 311,182 0
Other investment income (736,010) (7,788,445)
Changes in operating assets and liabilities exclusive of the effects of business combinations:    
Accounts receivable (159,177) (264,205)
Interest receivable (27,151) 56,237
Prepaid expenses 131,376 488,548
Deferred policy acquisition costs (164,526) 58,033
Other assets (3,207) (24,496)
Other liabilities, exclusive of debt (19,226) (24,262)
Accounts payable and accrued expenses (3,155,833) (2,101,115)
Lease liabilities (1,461,788) (1,455,167)
Unearned premiums (388,726) (405,731)
Deferred revenue 283,307 62,559
Compensation paid in stock 701,752 780,002
Net Cash Provided by Operating Activities 2,555,668 2,415,294
Cash Flows from Investing Activities:    
Payments on short-term payables for business acquisitions 0 (24,886)
Capital expenditures (6,858,590) (8,446,088)
Proceeds from sales of investments 56,979,782 144,548,207
Purchases of investments (61,347,801) (113,192,629)
Net Cash (Used in) Provided by Investing Activities (11,226,609) 22,884,604
Cash Flows from Financing Activities:    
Proceeds from the issuance of stock 525,256 0
Repurchase of stock (87,170) 0
Proceeds from long term credit facility 3,500,000 0
Principal payments of long-term debt (359,064) (202,058)
Collateral receipt (release), net 4,916,822 (4,531,675)
Distributions to noncontrolling interests (1,669,886) 0
Contributions from noncontrolling interests 0 87,166
Net Cash Provided by (Used in) Financing Activities 6,825,958 (4,646,567)
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (1,844,983) 20,653,331
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 41,197,426 39,413,204
Cash, Cash Equivalents, and Restricted Cash, End of Period 39,352,443 60,066,535
Interest Paid in Cash 575,640 275,778
Income Taxes Paid in Cash $ 3,441 $ 0