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3. Investments (Details 5) - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Income: |  |
Fixed-maturity securities | $ 1,526,870 | $ 1,150,293
Equity securities | 207,144 | 200,497
Cash and cash equivalents | 40,401 | 73,259
Total | 1,774,415 | 1,424,049
Expenses: |  |
Investment expenses | 150,703 | 40,060
Net investment income | $ 1,623,712 | $ 1,383,989

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