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Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Net premiums earned $ 0 $ 2,070,381
Commission income 777,506 1,033,475
Net investment income 31 70,989
Net realized and unrealized (loss) gain on investments 0 30,558
TOTAL REVENUE 777,537 3,205,403
LOSSES AND EXPENSES    
Losses and loss adjustment expenses 0 1,325,044
Policy acquisition costs 0 257,587
Operating and management expenses 1,005,798 1,260,625
TOTAL LOSSES AND EXPENSES 1,005,798 2,843,256
NET (LOSS) INCOME BEFORE TAX (228,261) 362,147
Income tax expense 18,000 (18,000)
NET (LOSS) INCOME AFTER TAX (210,261) 344,147
OTHER COMPREHENSIVE (LOSS)    
Net unrealized holding (losses) arising during the period 0 186,782
OTHER COMPREHENSIVE (LOSS) 0 (186,782)
COMPREHENSIVE (LOSS) INCOME (210,261) 157,365
RETAINED EARNINGS, BEGINNING OF PERIOD 5,656,163 7,250,194
Net income (loss) (210,261) 344,147
Dividends 0 0
RETAINED EARNINGS, END OF PERIOD $ 5,445,902 $ 7,594,341
Net income (loss) per share    
Basic (in dollars per share) $ (0.34) $ 0.55
Diluted (in dollars per share) (0.34) 0.55
Dividends (in dollars per share) $ 0 $ 0
Weighted average number of shares outstanding for the entire period    
Basic (in shares) 619,392 621,112
Diluted (in shares) 619,392 621,112