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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net Loss $ (9,197,532) $ (311,097)
Adjustments To Reconcile Net Loss To Net Cash Flows (used In) Provided By Operating Activities:    
Net Gains On Investments (77,761) (1,127,234)
Net Unrealized Losses (gains) On Equity Investments 3,560,634 (1,003,209)
Depreciation And Amortization 770,110 822,340
Bad Debt Expense 38,817 59,876
Amortization Of Bond Premium, Net 46,777 31,639
Amortization Of Discount And Issuance Costs On Debt 44,045 44,045
Stock-based Compensation 530,414 494,998
Deferred Income Tax Benefit (2,112,244) (132,990)
Decrease (increase) In Operating Assets:    
Premiums Receivable, Net 1,250,311 874,142
Reinsurance Receivables, Net (9,049,252) 8,093,987
Deferred Policy Acquisition Costs 582,406 790,526
Other Assets 1,555,843 (478,564)
Increase (decrease) In Operating Liabilities:    
Loss And Loss Adjustment Expense Reserves 3,968,253 1,655,831
Unearned Premiums (2,392,728) (3,789,477)
Advance Premiums 2,539,061 1,485,491
Reinsurance Balances Payable (7,870,498) (4,643,237)
Deferred Ceding Commission Revenue (268,996) (201)
Accounts Payable, Accrued Expenses And Other Liabilities (2,221,270) (644,102)
Net Cash Flows (used In) Provided By Operating Activities (17,388,078) 1,392,800
Cash Flows From Investing Activities:    
Purchase - Fixed-maturity Securities Held-to-maturity   (1,827,425)
Purchase - Fixed-maturity Securities Available-for-sale (13,890,402) (5,424,374)
Purchase - Equity Securities (506,081) (5,732,648)
Purchase - Other Investments   (2,000,000)
Redemption - Fixed-maturity Securities Held-to-maturity 500,000  
Sale And Maturity - Fixed-maturity Securities Available-for-sale 10,181,658 11,548,405
Sale - Equity Securities 4,994,884 6,433,262
Acquisition Of Property And Equipment (1,565,128) (1,034,064)
Net Cash Flows (used In) Provided By Investing Activities (285,069) 1,963,156
Cash Flows From Financing Activities:    
Withholding Taxes Paid On Vested Retricted Stock Awards (358,075) (146,606)
Purchase Of Treasury Stock   65,915
Dividends Paid 425,490 427,217
Net Cash Flows Used In Financing Activities (783,565) (639,738)
(decrease) Increase In Cash And Cash Equivalents (18,456,712) 2,716,218
Cash And Cash Equivalents, Beginning Of Period 24,290,598 19,463,742
Cash And Cash Equivalents, End Of Period $ 5,833,886 $ 22,179,960