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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUES    
Net premiums earned (Note 10) $ 0 $ 2,581,408
Commission income 2,262,272 3,404,698
Net investment income (Note 4) 8,517 205,851
Net realized and unrealized gain (loss) on investments (Note 4) 0 426,933
TOTAL REVENUES 2,270,789 6,618,890
LOSSES AND EXPENSES    
Losses and loss adjustment expenses 0 1,478,366
Policy acquisition costs 0 1,405,774
Operating and management expenses (Note 11) 3,389,829 4,766,924
TOTAL LOSSES AND EXPENSES 3,389,829 7,651,064
LOSS BEFORE TAX (1,119,040) (1,032,174)
Tax expense (Note 8) 811,523 561,857
NET LOSS AFTER TAX $ (1,930,563) $ (1,594,031)
NET LOSS PER SHARE    
Basic (in dollars per share) $ (3.12) $ (2.57)
Diluted (in dollars per share) $ (3.12) $ (2.57)
Weighted average number of common shares outstanding for the year    
Basic (in shares) 619,392 619,822
Diluted (in shares) 619,392 619,822