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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net Loss $ (947,751) $ (2,038,955)
Adjustments to reconcile net loss to net cash from operations    
Depreciation and amortization 270,105 281,717
Bond amortization, net (5,228) 128,839
Bad debt expense (20,867) 279
Net realized investment (gains) losses 12,661 (137)
Changes in assets and liabilities:    
Net receivables and accrued investment income (800,414) 1,626,298
Reinsurance recoverable (2,064,442) (378,171)
Deferred policy acquisition costs (138,896) 445,267
Other assets 300,049 (50,203)
Unpaid losses and loss adjustment expenses (1,827,365) 989,062
Unearned premium 1,761,809 (1,944,306)
Advance premium and premium deposits 125,263 31,980
Accrued expenses and other liabilities (195,155) (697,649)
Deferred income taxes (229,260) (494,745)
Net Cash Used by Operating Activities (3,759,491) (2,100,724)
Cash Flows from Investing Activities:    
Purchase of fixed maturity investments (6,743,752) (10,735,449)
Proceeds from maturity of fixed maturity investments 3,702,676 8,741,441
Proceeds from sale or call of fixed maturity investments 3,472,794 1,000,000
Net decrease in short-term investments 4,490,954 1,647,778
Additions to property and equipment (487,737) (84,790)
Net Cash Provided by Investing Activities 4,434,935 568,980
Cash Flows from Financing Activities:    
Repurchase of common stock (2,121) 0
Net Cash Used by Financing Activities (2,121) 0
Net increase (decrease) in cash and cash equivalents 673,323 (1,531,744)
Cash and cash equivalents beginning of period 4,917,762 9,366,944
Cash and cash equivalents end of period 5,591,085 7,835,200
Cash paid during the period for:    
Interest 0 0
Income taxes $ 8,800 $ 8,800