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Condensed Consolidated Statements of Operations, Comprehensive (Loss) Income and Retained Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Net premiums earned $ 2,579,616 $ 2,463,583
Commission income 1,637,601 1,555,804
Net investment income 111,811 123,042
Net realized and unrealized (loss) gain on investments (4,377,990) 1,747,325
TOTAL REVENUE (48,962) 5,889,754
LOSSES AND EXPENSES    
Losses and loss adjustment expenses 1,650,954 1,576,693
Policy acquisition costs 954,397 911,708
Operating and management expenses 1,762,284 1,731,642
TOTAL LOSSES AND EXPENSES 4,367,635 4,220,043
NET (LOSS) INCOME BEFORE TAX (4,416,597) 1,669,711
Income tax expense 61,000
NET (LOSS) INCOME AFTER TAX (4,477,597) 1,669,711
OTHER COMPREHENSIVE INCOME    
Net unrealized holding gains (losses) arising during the period 311,235 140,409
Reclassification adjustment for (gains) included in net (loss) income (82,461)
OTHER COMPREHENSIVE INCOME 228,774 140,409
COMPREHENSIVE (LOSS) INCOME (4,248,823) 1,810,120
RETAINED EARNINGS, BEGINNING OF PERIOD 21,842,409 19,725,581
Net (loss) income (4,477,597) 1,669,711
Dividends
RETAINED EARNINGS, END OF PERIOD $ 17,364,812 $ 21,395,292
Net (loss) income per share    
Basic (in dollars per share) $ (7.16) $ 2.65
Diluted (in dollars per share) (7.16) 2.64
Dividends (in dollars per share)
Weighted average number of shares outstanding for the entire period    
Basic (in shares) 625,677 630,055
Diluted (in shares) 625,677 632,143