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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:    
Net Income (Loss) $ (8,724,984) $ (1,404,277)
Adjustments to reconcile net income (loss) to net cash from operations    
Depreciation and amortization 517,199 483,580
Bond amortization, net (664,258) (16,115)
Non-cash based compensation 11,552 23,104
Net realized investment (gains) losses (528) 1,278
Bad debt expense 16,222 5,833
Net receivables and accrued investment income (318,566) (608,556)
Reinsurance recoverable 1,261,482 606,570
Deferred policy acquisition costs 269,528 (198,903)
Other assets 400,471 296,515
Unpaid losses and loss adjustment expenses 2,021,204 (2,037,784)
Unearned premium (606,476) 1,295,487
Advance premium and premium deposits (16,247) 11,800
Accrued expenses and other liabilities (360,625) 217,699
Income taxes current/deferred (828,206) (85,473)
Net Cash Provided (Used) by Operating Activities (7,022,232) (1,409,242)
Cash Flows from Investing Activities    
Purchase of fixed maturity investments (60,292,407) (16,772,000)
Proceeds from maturity of fixed maturity investments 53,936,023 17,873,000
Proceeds from sale of fixed maturity investments 1,141,892 744,722
Net (increase) decrease in short-term investments (235,893) 5,436,200
(Additions) to property and equipment (249,536) (545,392)
Net Cash Provided (Used) by Investing Activities (5,699,921) 6,736,530
Cash Flows from Financing Activities    
Repurchase of common stock 0 (89,582)
Net Cash Provided (Used) by Financing Activities 0 (89,582)
Net increase (decrease) in cash and restricted cash (12,722,153) 5,237,706
Cash and restricted cash at beginning of period 13,496,379  
Cash and Restricted Cash at End of Period 774,226 13,496,379
Cash paid during the period for:    
Income taxes $ 8,800 $ 8,774