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Revision of Previously Issued Consolidated Financial Statements (Tables)
12 Months Ended
Dec. 31, 2024
Revision of Previously Issued Consolidated Financial Statements [Abstract]  
Revisions of Previously Issued Consolidated Financial Statements
Management evaluated this error in accordance with SEC Staff Accounting Bulletin Number 99, Materiality, which is since codified in ASC 250 – Accounting Changes and Error Corrections, and concluded it was not material to any previously reported financial statements.  However, in order to improve the consistency and comparability of the consolidated financial statements, Management will revise the consolidated financial statements and related disclosures to correct the error in future filings

   
As Previously
             
December 31, 2023
 
Reported
   
Adjustments
   
As Restated
 
Consolidated Balance Sheets
                 
  Fixed maturities, at fair value
 
$
103,409,836
   
$
(24,325,291
)
 
$
79,084,545
 
  Equity securities, at fair value
   
156,550,812
     
22,074,673
     
178,625,485
 
  Equity securities, at cost
   
15,977,368
     
2,250,618
     
18,227,986
 
  Retained earnings
   
133,491,797
     
(2,161,735
)
   
131,330,062
 
  Accumulated other comprehensive loss
   
(4,882,317
)
   
2,161,735
     
(2,720,582
)
                         
                         
Consolidated Statements of Operations
                       
  Net investment income
 
$
14,141,809
   
$
(88,281
)
 
$
14,053,528
 
  Change in fair value of equity securities
   
(3,830,793
)
   
974,250
     
(2,856,543
)
  Income tax expense (benefit)
   
(144,247
)
   
186,054
     
41,807
 
  Net income attributable to common shareholders
   
1,956,695
     
699,915
     
2,656,610
 
  Basic income per share
   
0.62
     
0.22
     
0.84
 
  Diluted income per share
   
0.62
     
0.22
     
0.84
 
                         
                         
Consolidated Statements of Comprehensive Income (Loss)
                       
  Net income
 
$
2,070,092
   
$
699,915
   
$
2,770,007
 
  Unrealized holding gains (losses) arising during the period, pre-tax
   
2,867,943
     
(885,969
)
   
1,981,974
 
  Tax (expense) benefit on unrealized holding gains (losses) arising during the period
   
(592,591
)
   
186,054
     
(406,537
)
  Unrealized holding gains (losses) during period, net of tax
   
2,275,352
     
(699,915
)
   
1,575,437
 
  Subtotal: Other comprehensive income (loss), net of tax
   
2,229,269
     
(699,915
)
   
1,529,354
 
                         
                         
Consolidated Statements of Cash Flows
                       
  Net income
 
$
2,070,092
   
$
699,915
   
$
2,770,007
 
  Accretion of investments
   
(314,042
)
   
88,280
     
(225,762
)
  Change in fair value of equity securities
   
3,830,793
     
(974,250
)
   
2,856,543
 
  Change in deferred income taxes
   
372,861
     
186,055
     
558,916