Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities:
Net (loss) income	$ (5,808,250)	$ 3,882,660
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Net realized losses on investments	2,923	1,726
Net unrealized losses on equity investments	216,795	193,330
Net unrealized losses (gains) on other investments	795,629	(57,077)
Gain on sale of real estate	0	(1,965,989)
Depreciation and amortization	715,507	623,863
Credit losses	28,032	42,617
Accretion of bond discount, net	1,226	5,419
Amortization of discount and issuance costs on debt	0	62,757
Loss on extinguishment of debt	0	174,962
Stock-based compensation	653,984	339,010
Deferred income tax benefit	(1,592,992)	(125,822)
Decrease (increase) in operating assets:
Premiums receivable, net	1,956,408	4,711,531
Reinsurance receivables, net	1,000,021	8,504,288
Prepaid reinsurance	(2,792,645)	0
Deferred policy acquisition costs	67,459	331,379
Other assets	(6,987,398)	303,613
Increase (decrease) in operating liabilities:
Loss and loss adjustment expense reserves	31,210,044	9,124,295
Unearned premiums	(385,341)	(2,470,381)
Advance premiums	1,893,915	576,712
Reinsurance balances payable	(457,143)	(4,693,173)
Deferred ceding commission revenue	(5,544,085)	(4,456,192)
Accounts payable, accrued expenses and other liabilities	(6,268,680)	1,397,437
Taxes payable	9,077	1,350,342
Net cash flows provided by operating activities	8,714,486	17,857,307
Cash flows from investing activities:
Purchase - fixed-maturity securities available-for-sale	(13,475,699)	(21,250,155)
Sale and maturity - fixed-maturity securities available-for-sale	6,108,053	6,669,556
Proceeds from sale of real estate	0	3,600,000
Acquisition of property and equipment	(835,807)	(863,468)
Net cash flows used in investing activities	(8,203,453)	(11,844,067)
Cash flows from financing activities:
Principal payments on equipment financing	(317,156)	(299,155)
Proceeds from exercise of stock options	41,249	56,149
Withholding taxes paid on net exercise of stock options	0	(14,305)
Withholding taxes paid on vested restricted stock awards	(336,189)	(530,880)
Net proceeds from issuance of common stock	0	9,545,692
Dividends paid	(722,276)	0
Net cash flows (used in) provided by financing activities	(1,334,372)	2,807,501
(Decrease) increase in cash and cash equivalents	(823,339)	8,820,741
Cash and cash equivalents, beginning of period	12,178,730	28,669,441
Cash and cash equivalents, end of period	11,355,391	37,490,182
Supplemental disclosures of cash flow information:
Cash paid for income taxes-federal	0	0
Cash paid for income taxes-state	0	0
Cash paid for interest	63,476	1,370,448
Supplemental schedule of non-cash investing and financing activities:
Other comprehensive (loss) income, net of tax	(2,055,257)	2,223,186
Lease liability in exchange for right-of-use asset	0	198,042
Senior Notes due 2024
Cash flows from financing activities:
Principal payments on 2024 Notes	$ 0	$ (5,950,000)