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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUES    
Net premiums earned (Note 11) $ 2,581,408 $ 11,848,463
Commission income 3,404,698 5,698,299
Net investment income (Note 4) 205,851 383,810
Net realized and unrealized gain (loss) on investments (Note 4) 426,933 (1,764,276)
TOTAL REVENUES 6,618,890 16,166,296
LOSSES AND EXPENSES    
Losses and loss adjustment expenses (Note 8) 1,478,366 18,856,370
Policy acquisition costs 1,405,774 5,369,752
Operating and management expenses (Note 12) 4,766,924 5,543,889
TOTAL LOSSES AND EXPENSES 7,651,064 29,770,011
LOSS BEFORE TAX (1,032,174) (13,603,715)
Tax expense (Note 6) 561,857 988,500
NET LOSS AFTER TAX $ (1,594,031) $ (14,592,215)
NET LOSS PER SHARE    
Basic (in dollars per share) $ (2.57) $ (23.36)
Diluted (in dollars per share) $ (2.57) $ (23.36)
Weighted average number of common shares outstanding for the year    
Basic (in shares) 619,822 624,536
Diluted (in shares) 619,822 624,536