12. Premium Finance Placement Fees (Tables)

9 Months Ended

Sep. 30, 2015

Premium Finance Placement Fees Tables

Schedule of premium finance placement fees

Placement fee revenue included in other income and the related direct expenses included in other operating expenses in the condensed consolidated statements of net income and comprehensive income are as follows (unaudited):

	For the Three Months Ended		For the Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Placement fee revenue	$                   -	$         51,810	$         54,343	$       180,970
Early termination fee	-	-	350,000	-
Direct expenses	-	(13,966)	(12,989)	(43,002)
Net income before taxes from placement fees	$                   -	$         37,844	$       391,354	$       137,968