General form of registration statement for all companies including face-amount certificate companies

Related Parties (Tables)

v3.21.4
Related Parties (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Related Parties    
Schedule of net advances made and accrued interest expense to related party

    

Unaudited

 

Nine Months Ended September 30, 

   

2021

    

2020

Balance at Beginning of Year

$

17,307,627

$

13,535,053

Advanced During Period

 

4,350,621

 

2,440,816

Interest Accrued During period

 

3,197,822

 

864,982

Balance at End of Period

$

24,856,071

$

16,840,852

    

2019

    

2020

Balance at Beginning of Year

$

5,533,097

$

14,399,768

Advanced Made During Year

 

8,001,957

 

3,167,858

Accrued Interest

 

864,714

 

2,057,465

Balance at End of Year

$

14,399,768

$

19,625,091

Schedule of the Company earns capitation revenue and management fees and pays claims.

 

Unaudited

Unaudited

 

Three Months Ended September 30, 

Nine Months Ended September 30, 

 

2021

 

2020

2021

 

2020

Revenue Earned from Capitation

    

$

35,867,712

    

$

35,281,596

    

$

112,571,916

    

$

105,589,970

Management Fees

 

549,472

 

557,172

 

 

1,658,944

 

1,675,380

Claims Paid

 

39,949,769

 

35,470,842

 

 

116,863,741

 

104,231,320