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

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.21.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF CASH FLOWS      
Net Loss $ (45,381,576) $ (42,916,855) $ (49,774,013)
Adjustments to Reconcile Net Loss to Cash Used in Operations      
Depreciation Expense 795,172 399,177 342,196
Stock-Based Compensation 447,474 474,042 447,050
Class A and Class D Preferred Returns 7,437,080 945,297  
Amortization of Debt Origination Fees 80,237    
Amortization of Discount from Issuance of Debt 144,971    
Net Change in ROU Assets and Liabilities (704,500) (1,620,600) 1,231,287
Premium Deficiency Reserve (20,539,364) 6,363,652 14,175,712
Changes in Assets and Liabilities      
Accounts Receivable 139,211 424,137 (1,383,198)
Health Plan Receivables / Premiums (20,974,286) (9,653,991) (7,801,556)
Other Current Assets (4,160,076) (122,765) (682,433)
Accounts Payable 8,102,669 803,503 2,110,827
Accrued Payroll 2,289,655 502,602 1,211,118
Accrued Interest 1,848,265 2,204,141  
Health Plan Payables / Premiums 8,804,203 1,853,358 3,085,214
Claims Payable 37,075,052 12,057,792 7,801,556
Net Cash Used in Operations (24,595,814) (28,286,510) (29,236,240)
Investing Activities      
Purchases of Property, Plant and Equipment (2,926,622) (1,451,861) (3,308,638)
Acquisitions (130,000)    
Notes Receivable, Net (109,526) (2,404,862) (1,290,274)
Net Cash Used in Investing Activities (3,166,148) (3,856,723) (4,598,912)
Financing Activities      
Issuance (Redemption) of Class A, C and D Units (180,000) 62,041,554 33,250,078
Proceeds from Long-Term Debt, Net of Discount 36,433,282 16,164,914  
Repayment of Long-Term Debt (1,493,221) (14,586,891)  
Net Cash Provided by Financing Activities 34,760,061 63,619,577 33,250,078
Net Change in Cash and Restricted Cash 6,998,099 31,476,344 (585,074)
Cash and Restricted Cash at Beginning of Period 32,904,848 1,428,505 2,013,579
Cash and Restricted Cash at End of Period 39,902,947 32,904,848 $ 1,428,505
Supplemental Disclosures of Cash Flow Information:      
Cash Paid for Interest 685,419 560,246  
Accrued Costs for Software (Development in Process) $ 249,454 176,352  
Conversion of Class A Units to Long-Term Debt   15,000,000  
Conversion of Long-Term Debt to Class A Units   $ 3,764,245