Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ 18,358,436	$ (6,168,346)
Adjustments to reconcile net income (loss) to net cash flows
Net realized losses on investments	62,349	18,811
Net unrealized losses (gains) on equity investments	6,606	(1,027,867)
Net unrealized gains on other investments	(483,506)	(1,125,498)
Depreciation and amortization	2,448,932	2,973,440
Bad debt expense	115,470	75,215
Accretion of bond discount, net	(520,901)	(36,712)
Amortization of discount and issuance costs on debt	989,101	1,187,678
Loss on extinguishment of debt	296,553	0
Stock-based compensation	1,382,912	832,597
Deferred income tax expense (benefit)	4,927,561	(1,199,915)
Decrease (increase) in operating assets:
Premiums receivable, net	(8,277,650)	200,481
Reinsurance receivables, net	6,271,476	(9,128,851)
Deferred policy acquisition costs	(4,929,807)	4,016,889
Other assets	(1,850,192)	(825,737)
Increase (decrease) in operating liabilities:
Loss and loss adjustment expense reserves	4,392,566	3,478,349
Unearned premiums	29,080,195	(1,871,239)
Advance premiums	(294,527)	958,562
Reinsurance balances payable	(2,328,019)	(224,826)
Deferred ceding commission revenue	2,080,374	(1,158,704)
Accounts payable, accrued expenses and other liabilities	6,219,842	(2,301,177)
Net cash flows provided by (used in) operating activities	57,947,771	(11,326,850)
Cash flows from investing activities:
Purchase - fixed-maturity securities available-for-sale	(165,000,894)	(51,496,673)
Redemption - fixed-maturity securities held-to-maturity	0	750,000
Sale and maturity - fixed-maturity securities available-for-sale	127,665,799	61,935,658
Sale - equity securities	4,410,859	99,917
Acquisition of property and equipment	(2,337,205)	(1,827,202)
Net cash flows (used in) provided by investing activities	(35,261,441)	9,461,700
Cash flows from financing activities:
Principal payments on equipment financing	(1,153,862)	(1,088,372)
Issue costs on 2024 and 2022 Notes	(203,902)	(14,299)
Proceeds from exercise of stock options	63,711	0
Withholding taxes paid on vested restricted stock awards	(1,310,641)	(13,409)
Net proceeds from issuance of common stock	13,610,807	0
Net cash flows used in financing activities	(2,993,887)	(1,116,080)
Increase (decrease) in cash and cash equivalents	19,692,443	(2,981,230)
Cash and cash equivalents, beginning of period	8,976,998	11,958,228
Cash and cash equivalents, end of period	28,669,441	8,976,998
Supplemental disclosures of cash flow information:
Cash paid for income taxes	0	0
Cash paid for interest	2,524,555	2,927,905
Supplemental schedule of non-cash investing and financing activities:
Other comprehensive income, net of tax	99,087	3,683,865
Senior Notes due 2022
Cash flows from financing activities:
Principal payments on notes	(5,000,000)	0
Senior Notes due 2024
Cash flows from financing activities:
Principal payments on notes	$ (9,000,000)	$ 0