Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Significant Accounting Policies [Abstract]

Summary of Property, Plant and Equipment

	As of
	March 31,		December 31,
	2021		2020
Automobiles	$	530,723	$	530,722
Furniture and fixtures		488,642		491,766
Computer equipment and software		4,046,770		3,971,272
Home office		3,948,766		3,946,299
Total cost		9,014,901		8,940,059
Accumulated depreciation		(6,196,657)		(6,079,728)
Net property and equipment	$	2,818,244	$	2,860,331

Accumulated Other Comprehensive Earnings (Loss)

	Three-Months Ended March 31,
	2021		2020
Beginning balance	$	5,520,091	$	2,953,936
Other comprehensive loss before reclassification		(2,225,503)		(1,526,960)
Amount reclassified from accumulated other comprehensive loss		(1,019)		(183,886)
Net current period other comprehensive loss		(2,226,522)		(1,710,846)
Ending balance	$	3,293,569	$	1,243,090

Summary of Components of Other Comprehensive Earnings

	Three-Month Periods Ended March 31,
	2021						2020
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Other comprehensive loss, net of tax
Unrealized gains and losses on AFS investments:
Unrealized holding losses arising during the period	$	(2,817,092)	$	591,589	$	(2,225,503)	$	(1,932,861)	$	405,901	$	(1,526,960)
Reclassification adjustment for gains included in net earnings		(1,290)		271		(1,019)		(232,767)		48,881		(183,886)
Total other comprehensive loss	$	(2,818,382)	$	591,860	$	(2,226,522)	$	(2,165,628)	$	454,782	$	(1,710,846)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnings

Amounts Reclassified from
Accumulated Other Comprehensive Earnings
	Three-Month Periods Ended
Details about Accumulated Other	March 31,				Affected Line Item in the Statement
Comprehensive Earnings Component	2021		2020		where Net Earnings is Presented
Unrealized (gains) on AFS investments:
	$	(1,290)	$	(232,767)	Net realized investment (gains)
		271		48,881	Income tax expense
Total reclassification adjustment, net of tax	$	(1,019)	$	(183,886)