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21. Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data Tables  
Schedule of Quarterly Financial Data

The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2014 and 2013: 

  
                   
  2014
  March 31,   June 30,   September 30,   December 31,   Total
                   
 Net premiums earned    $    5,926,311    $    6,429,373    $     9,895,000    $  10,377,800    $  32,628,484
 Ceding commission revenue          3,381,283          3,706,049           3,278,319          3,544,460        13,910,111
 Net investment income             378,788             451,915              463,513             505,552          1,799,768
 Net realized gain on sale of investments             188,348             134,602              115,176             268,901             707,027
 Total revenues        10,102,287        10,972,847         14,015,734        14,960,624        50,051,492
 Loss and loss adjustment expenses          4,324,954          3,007,939           4,538,167          5,161,128        17,032,188
 Commission expense and other underwriting expenses          4,864,257          5,432,867           5,951,772          6,532,697        22,781,593
 Net income            327,133          1,354,502           1,883,681          1,763,103          5,328,419
 Basic earnings per share   $             0.05    $             0.19    $              0.26    $             0.24    $             0.73
 Diluted earnings per share   $             0.04    $             0.18    $              0.26    $             0.24    $             0.72
                   
                   
  2013
  March 31,   June 30,   September 30,   December 31,   Total
                   
 Net premiums earned    $    4,623,215    $    4,676,282    $     6,125,584    $    6,800,086    $  22,225,167
 Ceding commission revenue          2,293,711          2,334,431           3,611,544          3,433,417        11,673,103
 Net investment income             283,287             275,031              294,348             317,385          1,170,051
 Net realized gain on sale of investments             105,125             249,893                94,456             126,318             575,792
 Total revenues          7,519,328          7,779,462         10,339,137        10,928,258        36,566,185
 Loss and loss adjustment expenses          2,469,641          3,241,797           2,439,132          5,435,963        13,586,533
 Commission expense and other underwriting expenses          4,329,165          4,010,695           5,174,791          4,866,827        18,381,478
 Net income            191,008               68,101           1,662,224               90,985          2,012,318
 Basic earnings per share   $             0.05    $             0.02    $              0.44    $             0.02    $             0.51
 Diluted earnings per share   $             0.05    $             0.02    $              0.43    $             0.02    $             0.50
                   
Due to changes in number of shares outstanding from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the earnings per share for the year.