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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
REVENUES    
Net premium earned $ 28,168,168 $ 26,737,468
Investment income 1,988,243 2,097,942
Net realized investments gains (losses) 97,771 (12,661)
Net unrealized investments gains on equity securities 198,266 0
Other income 32,713 123,050
Total Insurance Company Operation 30,485,161 28,945,799
Other Insurance Operations    
Gross commissions and fees 1,827,263 2,176,658
Finance fees earned 240,589 239,524
Other income 7,098 10,833
Total Revenues 32,560,111 31,372,814
EXPENSES    
Losses and loss adjustment expenses 34,642,920 22,576,127
Policy acquisition costs 4,898,807 4,960,846
Salaries and employee benefits 6,364,170 4,067,852
Commissions to agents/brokers 95,315 173,796
Other operating expenses 4,502,414 2,844,083
Total Expenses 50,503,626 34,622,704
Loss before income taxes (17,943,515) (3,249,890)
Income tax expense (benefit) 3,547,598 (134,187)
Net Loss $ (21,491,113) $ (3,115,703)
Basic    
Loss per share $ (4.05) $ (0.59)
Weighted average shares 5,305,829 5,306,879
Diluted    
Loss per share $ (4.05) $ (0.59)
Weighted average shares 5,305,829 5,306,879