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Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net Income $ 861,789 $ 258,543
Depreciation and amortization 277,935 106,651
Bond amortization, net (1,195) 4,459
Non-cash stock based compensation 11,552 11,552
Net receivables and accrued investment income (805,905) (185,172)
Reinsurance recoverable (124,690) 1,800,138
Deferred policy acquisition costs (161,724) (32,223)
Other assets 295,879 (85,675)
Unpaid losses and loss adjustment expenses 270,451 (2,106,813)
Unearned premium 886,701 177,010
Advance premium and premium deposits (6,372) (179,326)
Accrued expenses and other liabilities 31,748 (626,354)
Income taxes current/deferred (82,388) 27,935
Net Cash Provided (Used) by Operating Activities 1,453,781 (829,275)
Investing Activities    
Purchase of fixed maturity investments (100,000) (2,049,387)
Proceeds from maturity of fixed maturity investments 400,000 11,595,000
Net (increase) in short-term investments (1,712,301) (8,364,238)
Additions to property and equipment (313,806) (424,882)
Net Cash Provided (Used) by Investing Activities (1,726,107) 756,493
Financing Activities    
Net Cash Provided (Used) by Financing Activities 0 0
Net increase (decrease) in cash (272,326) (72,782)
Cash at beginning of period 376,388 160,506
Cash at End of Period 104,062 87,724
Cash paid during the period for:    
Interest 0 0
Income taxes $ 533,800 $ 158,800