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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Net premiums earned $ 0 $ 2,248,830 $ 0 $ 4,319,211
Commission income 475,838 814,161 1,253,344 1,847,636
Net investment income 21 75,742 52 146,731
Net realized and unrealized gains on investments 0 51,523 0 82,081
TOTAL REVENUE 475,859 3,190,256 1,253,396 6,395,659
LOSSES AND EXPENSES        
Losses and loss adjustment expenses 0 1,439,250 0 2,764,294
Policy acquisition costs 0 568,870 0 826,457
Operating and management expenses 938,833 1,302,995 1,944,631 2,563,620
TOTAL LOSSES AND EXPENSES 938,833 3,311,115 1,944,631 6,154,371
NET (LOSS) INCOME BEFORE TAX (462,974) (120,859) (691,235) 241,288
Income tax benefit (62,320) (27,781) (80,320) (9,781)
NET (LOSS) INCOME AFTER TAX (400,654) (93,078) (610,915) 251,069
OTHER COMPREHENSIVE LOSS        
Net unrealized holding losses arising during the period 0 (13,600) 0 (200,382)
OTHER COMPREHENSIVE LOSS 0 (13,600) 0 (200,382)
COMPREHENSIVE (LOSS) INCOME (400,654) (106,678) (610,915) 50,687
RETAINED EARNINGS, BEGINNING OF PERIOD 5,445,902 7,594,341 5,656,163 7,250,194
Net (loss) income (400,654) (93,078) (610,915) 251,069
Dividends 0 0 0 0
RETAINED EARNINGS, END OF PERIOD $ 5,045,248 $ 7,501,263 $ 5,045,248 $ 7,501,263
Net loss per share        
Basic (in dollars per share) $ (0.65) $ (0.15) $ (0.99) $ 0.40
Diluted (in dollars per share) (0.65) (0.15) (0.99) 0.40
Dividends (in dollars per share) $ 0 $ 0 $ 0 $ 0
Weighted average number of shares outstanding for the entire period        
Basic (in shares) 619,392 625,677 619,392 620,252
Diluted (in shares) 619,392 625,677 619,392 620,252