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Investments in Securities and Fair Value Schedule of Fair Value Assets Measured on Recurring Basis (Details) - USD ($) | Dec. 31, 2015 | Dec. 31, 2014
--- | --- | ---
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Short-term investments |  | $ 6,865,406 | $ 2,576,993
Available for sale securities, equity securities |  | 37,513,464 | 39,254,981
Available-for-sale, fixed maturity |  | 106,066,384 | 109,048,290
Total |  | 150,445,254 | 150,880,264
Level 1 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Short-term investments |  | 6,865,406 | 2,576,993
Total |  | 44,378,870 | 41,831,974
Level 2 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Short-term investments |  | 0 | 0
Total |  | 105,126,484 | 108,109,190
Level 3 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Short-term investments |  | 0 | 0
Total |  | 939,900 | 939,100
Common stocks |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available for sale securities, equity securities |  | 37,513,464 | 39,254,981
Common stocks | Level 1 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available for sale securities, equity securities |  | 37,513,464 | 39,254,981
Common stocks | Level 2 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available for sale securities, equity securities |  | 0 | 0
Common stocks | Level 3 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available for sale securities, equity securities |  | 0 | 0
Obligations of U.S. states, territories and political subdivisions |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity | [1] | 87,640,140 | 85,780,755
Obligations of U.S. states, territories and political subdivisions | Level 1 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity | [1] | 0 | 0
Obligations of U.S. states, territories and political subdivisions | Level 2 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity | [1] | 87,640,140 | 85,780,755
Obligations of U.S. states, territories and political subdivisions | Level 3 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity | [1] | 0 | 0
Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity |  | 18,426,244 | 23,267,535
Corporate debt securities | Level 1 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity |  | 0 | 0
Corporate debt securities | Level 2 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity |  | 17,486,344 | 22,328,435
Corporate debt securities | Level 3 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Available-for-sale, fixed maturity |  | $ 939,900 | $ 939,100
[1] | Denotes fair market value obtained from pricing services.

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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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