Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	May 31, 2017	May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (1,007,197)	$ (116,026)
Adjustments to reconcile net loss to net cash provided by operating activities:
(Increase) decrease in short-term investments	(1,659,849)	1,414,868
Unearned premium	455,888	(106,606)
Stock issued in connection with financing arrangements	2,108	12,987
Stock issued in connection with dividend arrangements	0	37,184
Accrual of Series A preferred stock dividends	67,847	65,374
Accrual of Series B preferred stock dividends and accretion	522,098	483,596
Provision for loss reserves	590,142	(322,256)
Amortization of premium	158,488	96,216
Depreciation	4,598	1,251
Accretion of discount	(16,620)	0
Proceeds from funds held in trust	19,858,620	0
Realized (gain) loss on sale of securities	(138,220)	79,061
Gain on extinguishment of debt	0	(1,919,532)
Change in operating assets and liabilities:
Other assets	(2,163)	(67)
Premium and other receivables	(353,515)	566,273
Investment income due and accrued	(110,809)	(11,353)
Deferred policy acquisition costs	(195,726)	(16,906)
Related party accounts payable	(400)	(47,886)
Accounts payable	(1,388)	65,844
Accrued expenses and other liabilities	1,198,302	(246,738)
Net cash flows from operating activities	19,372,204	35,284
CASH FLOWS FROM INVESTING ACTIVITIES
Costs of bonds acquired	(47,146,079)	(1,775,947)
Costs of mortgaged-backed securities acquired	(1,864,276)	0
Purchase of equity securities	(2,667,650)	(1,899,637)
Redemption of bonds upon call or maturity	17,000,000	0
Proceeds from sale of securities available for sale	6,614,202	1,910,797
Repayment of mortgage-backed securities	681,537	631,121
(Purchase)/Collection - accrued interest	(125,201)	3,980
Purchase of furniture and equipment	(40,610)	(548)
Net cash flows used in investing activities	(27,548,077)	(1,130,234)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party debt	599,452	1,957,658
Repayment of related party debt	(1,011,383)	(971,207)
Proceeds from borrowings	195,060	1,171,192
Repayment of borrowings	(181,643)	(2,319,269)
Payment of lendings	(200,000)	(500,000)
Payment of related party lendings	0	(1,250,000)
Proceeds from repayment of lendings	196,146	139,329
Proceeds from repayment of related party lendings	160,754	128,706
Proceeds from sale of subsidiary common stock	500,000	1,000,000
Proceeds from sale of subsidiary preferred stock	8,000,000	0
Proceeds from deferred sale of subsidiary stock	0	1,500,000
Net cash flows from (used in) financing activities	8,258,386	856,409
NET INCREASE (DECREASE) IN CASH	82,513	(238,541)
CASH AT BEGINNING OF PERIOD	465,810	704,351
CASH AT END OF PERIOD	548,323	465,810
SUPPLEMENTAL DISCLOSURES
Interest paid	918,048	918,048
Income taxes paid	0	0
Non-cash investing and financing transaction:
Additional consideration paid for issuance of debt	$ 12,987	$ 12,987

JACOBS FINANCIAL GROUP, INC. 10-K