Revision of Previously Issued Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2025

Revision of Previously Issued Consolidated Financial Statements [Abstract]

Revisions of Previously Issued Consolidated Financial Statements

To improve the consistency and comparability of the 2024 quarterly condensed consolidated financial statements, Management will revise the June 30, 2024 condensed consolidated financial statements and related disclosures to correct the error.

		As Previously
June 30, 2024		Reported		Adjustments		As Restated
Consolidated Statements of Operations
Net investment income	$	7,344,510	$	(64,661)	$	7,279,849
Change in fair value of equity securities		18,869,400		(1,131,012)		17,738,388
Income tax expense (benefit)		3,992,912		(142,067)		3,850,845
Net income attributable to common shareholders		15,624,693		(1,053,606)		14,571,087
Basic income per share		4.93		(0.33)		4.60
Diluted income per share		4.93		(0.33)		4.60
Consolidated Statements of Comprehensive Income (Loss)
Net income	$	15,682,901	$	(1,053,606)	$	14,629,295
Unrealized holding gains (losses) arising during the period, pre-tax		(2,204,904)		1,195,672		(1,009,232)
Tax (expense) benefit on unrealized holding gains (losses) arising during the period		468,878		(251,092)		217,786
Unrealized holding gains (losses) during period, net of tax		(1,736,026)		944,580		(791,446)
Subtotal: Other comprehensive income (loss), net of tax		(1,736,026)		944,580		(791,446)
Consolidated Statements of Cash Flows
Net income	$	15,682,901	$	(1,053,606)	$	14,629,295
Accretion of investments		(399,110)		64,661		(334,449)
Change in fair value of equity securities		(18,869,400)		1,131,012		(17,738,388)
Change in deferred income taxes		3,898,349		(142,067)		3,756,282