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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net Income (Loss) $ (1,182,870) $ 846,361 $ 603,668
Adjustments to reconcile net income (loss) to net cash from operations      
Depreciation and amortization 341,264 539,608 307,237
Bond amortization, net (18,758) (5,200) 4,067
Non-cash based compensation 23,104 23,104 23,104
Loss on asset impairment 1,287,460 0 0
Net receivables and accrued investment income (378,068) (51,242) 738,304
Reinsurance recoverable (5,024,502) (751,713) 2,277,275
Deferred policy acquisition costs (350,571) (246,822) 149,591
Other assets (7,704,948) 64,257 (1,033,665)
Unpaid losses and loss adjustment expenses 4,697,013 519,729 (5,907,896)
Unearned premium 1,472,074 1,346,397 (769,452)
Advance premium and premium deposits (38,166) (214,407) (291,362)
Accrued expenses and other liabilities (543,033) 631,823 (685,818)
Income taxes current/deferred (560,961) (233,709) 476,643
Net Cash Provided (Used) by Operating Activities (7,980,962) 2,468,186 (4,108,304)
Cash Flows from Investing Activities      
Purchase of fixed maturity investments (57,929,858) (25,303,347) (9,394,419)
Proceeds from maturity of fixed maturity investments 10,899,000 2,100,000 30,890,000
Net (increase) decrease in short-term investments 56,618,605 21,547,909 (7,551,068)
Acquisition of land and building 0 0 (9,000,000)
(Additions) to property and equipment (1,339,138) (879,974) (620,327)
Net Cash Provided (Used) by Investing Activities 8,248,609 (2,535,412) 4,324,186
Cash Flows from Financing Activities      
Repurchase of common stock (242,314) 0 0
Dividends paid to shareholders 0 0 0
Proceeds from issuance of common stock 0 0 0
Tax benefit from disqualified incentive stock options 0 0 0
Net Cash Provided (Used) by Financing Activities (242,314) 0 0
Net increase (decrease) in cash 25,333 (67,226) 215,882
Cash at beginning of period 309,162 376,388 160,506
Cash at End of Period 334,495 309,162 376,388
Cash paid during the period for:      
Income taxes $ 8,960 $ 683,800 $ 158,953