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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net (loss) income $ (14,577,151) $ 1,012,264
Adjustments To Reconcile Net Loss To Net Cash Flows (used In) Provided By Operating Activities:    
Net losses (gains) on investments 210,900 (1,844,257)
Net Unrealized Losses (gains) On Equity Investments 6,417,045 (1,924,072)
Net unrealized losses (gains) on other investments 2,287,833 (1,507,339)
Depreciation And Amortization 1,647,373 1,659,994
Bad Debt Expense 42,226 128,518
Amortization Of Bond Premium, Net 248,650 107,068
Amortization Of Discount And Issuance Costs On Debt 88,090 88,090
Stock-based Compensation 1,016,443 981,067
Deferred Income Tax Benefit (3,485,876) 588,442
Decrease (increase) In Operating Assets:    
Premiums Receivable, Net 281,845 971,389
Reinsurance Receivables, Net (14,359,733) 17,267,805
Deferred Policy Acquisition Costs 213,049 191,560
Other Assets 2,437,007 (1,365,167)
Increase (decrease) In Operating Liabilities:    
Loss And Loss Adjustment Expense Reserves 3,954,315 2,223,810
Unearned Premiums 393,352 (1,936,706)
Advance Premiums 3,079,978 2,582,330
Reinsurance Balances Payable (2,084,455) (4,953,735)
Deferred Ceding Commission Revenue 10,832 (8,931)
Accounts Payable, Accrued Expenses And Other Liabilities (1,538,353) 102,185
Net Cash Flows (used In) Provided By Operating Activities (13,716,630) 14,364,315
Cash Flows From Investing Activities:    
Purchase - Fixed-maturity Securities Held-to-maturity (498,711) (3,111,381)
Purchase - Fixed-maturity Securities Available-for-sale (14,386,410) (5,424,374)
Purchase - Equity Securities (589,317) (8,431,047)
Purchase - Other Investments 0 (2,000,000)
Redemption - Fixed-maturity Securities Held-to-maturity 1,000,000 625,000
Sale And Maturity - Fixed-maturity Securities Available-for-sale 13,228,270 22,276,142
Sale - Equity Securities 7,644,267 9,569,363
Acquisition Of Property And Equipment (2,540,874) (2,195,985)
Net Cash Flows (used In) Provided By Investing Activities 3,857,225 11,307,718
Cash Flows From Financing Activities:    
Withholding Taxes Paid On Vested Retricted Stock Awards (379,799) (181,706)
Purchase Of Treasury Stock 0 (1,040,050)
Dividends Paid (851,266) (854,272)
Net Cash Flows Used In Financing Activities (1,231,065) (2,076,028)
Cash And Cash Equivalents, Beginning Of Period 24,290,598 19,463,742
(decrease) Increase In Cash And Cash Equivalents (11,090,470) 23,596,005
Cash And Cash Equivalents, Beginning Of Period 13,200,128 43,059,747
Supplemental Disclosures Of Cash Flow Information:    
Cash paid for income taxes 0 0
Cash paid for interest $ 825,000 $ 825,000