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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Net premiums earned $ 4,699,722 $ 5,327,994 $ 9,384,432 $ 10,819,201
Net investment income 648,546 766,247 1,414,843 1,394,503
Realized investment gains (losses), net 491,940 173,618 (1,472,481) 1,025,269
Total revenues 5,840,208 6,267,859 9,326,794 13,238,973
Expenses        
Losses and loss adjustment expenses, net 3,195,811 4,267,440 6,381,414 7,589,116
Other underwriting expenses 2,352,947 2,785,060 4,691,851 6,285,437
Interest expense 1,260 413 1,855 1,779
Total expenses 5,550,018 7,052,913 11,075,120 13,876,332
Income (loss) before provision for income taxes 290,190 (785,054) (1,748,326) (637,359)
Provision for income taxes (67,873) (224,107) (983,686) (168,201)
Net income (loss) $ 358,063 $ (560,947) $ (764,640) $ (469,158)
Income (loss) per common share        
Common stock - basic $ 0.10 $ (0.16) $ (0.21) $ (0.13)
Common stock - diluted $ 0.10 $ (0.16) $ (0.21) $ (0.13)