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3. Investments (Tables)

3 Months Ended

Mar. 31, 2019

Investments [Abstract]

Schedule of Available for Sale Securities

		March 31, 2019
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized
Category		Cost				Gains				Months				Months				Value				Gains/(Losses)
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	8,229,100			$	70,628			$	-			$	(9,784	)		$	8,289,944			$	60,844
Political subdivisions of States,
Territories and Possessions			5,688,302				117,032				-				(6,230	)			5,799,104				110,802
Corporate and other bonds
Industrial and miscellaneous			124,354,135				1,368,129				(57,955	)			(710,936	)			124,953,373				599,238
Residential mortgage and other
asset backed securities (1)			21,648,213				271,364				(95,026	)			(389,820	)			21,434,731				(213,482	)
Total		$	159,919,750			$	1,827,153			$	(152,981	)		$	(1,116,770	)		$	160,477,152			$	557,402

		December 31, 2018
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized
Category		Cost				Gains				Months				Months				Value				Gains/(Losses)
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	8,222,050			$	26,331			$	(28,000	)		$	-			$	8,220,381			$	(1,669	)
Political subdivisions of States,
Territories and Possessions			6,339,540				50,903				(12,327	)			(36,508	)			6,341,608				2,068
Corporate and other bonds
Industrial and miscellaneous			119,078,698				123,740				(2,775,540	)			(676,605	)			115,750,293				(3,328,405	)
Residential mortgage and other
asset backed securities (1)			21,790,973				236,502				(231,229	)			(331,012	)			21,465,234				(325,739	)
Total		$	155,431,261			$	437,476			$	(3,047,096	)		$	(1,044,125	)		$	151,777,516			$	(3,653,745	)

Schedule of Available for Sale Securities by contractual maturity

		March 31, 2019
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	7,882,618			$	109,135			$	(101,961	)		$	7,889,792
Common stocks and exchange
traded mutual funds			11,763,863				679,795				(669,463	)			11,774,195
Total		$	19,646,481			$	788,930			$	(771,424	)		$	19,663,987

		December 31, 2018
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	6,694,754			$	-			$	(541,798	)		$	6,152,956
Common stocks and exchange
traded mutual funds			11,611,232				99,817				(1,291,389	)			10,419,660
Total		$	18,305,986			$	99,817			$	(1,833,187	)		$	16,572,616

Schedule of Other Investments

		March 31, 2019											December 31, 2018
						Gross				Estimated								Gross				Estimated
Category		Cost				Gains				Fair Value				Cost				Gains				Fair Value
Other Investments:
Hedge fund		$	1,999,381			$	148,564			$	2,147,945			$	1,999,381			$	(144,156	)		$	1,855,225
Total		$	1,999,381			$	148,564			$	2,147,945			$	1,999,381			$	(144,156	)		$	1,855,225

Schedule of Held to Maturity Securities

		March 31, 2019
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized
Category		Cost				Gains				Months				Months				Value				Gains
Held-to-Maturity Securities:
U.S. Treasury securities		$	729,517			$	147,522			$	(1,177	)		$	-			$	875,862			$	146,345
Political subdivisions of States,
Territories and Possessions			998,759				45,676				-				-				1,044,435				45,676
Corporate and other bonds
Industrial and miscellaneous			2,096,344				65,540				-				(5,570	)			2,156,314				59,970
Total		$	3,824,620			$	258,738			$	(1,177	)		$	(5,570	)		$	4,076,611			$	251,991

		December 31, 2018
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized
Category		Cost				Gains				Months				Months				Value				Gains
Held-to-Maturity Securities:
U.S. Treasury securities		$	729,507			$	147,532			$	(3,964	)		$	-			$	873,075			$	143,568
Political subdivisions of States,
Territories and Possessions			998,803				33,862				-				-				1,032,665				33,862
Corporate and other bonds
Industrial and miscellaneous			2,494,545				38,461				(1,425	)			(10,905	)			2,520,676				26,131
Total		$	4,222,855			$	219,855			$	(5,389	)		$	(10,905	)		$	4,426,416			$	203,561

Schedule of Held to Maturity Securities by contractual maturity

		March 31, 2019								December 31, 2018
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	-			$	-			$	-			$	-
One to five years		$	2,598,323			$	2,676,159				2,996,685				3,036,531
Five to ten years		$	619,780			$	646,413				619,663				635,846
More than 10 years		$	606,517			$	754,039				606,507				754,039
Total		$	3,824,620			$	4,076,611			$	4,222,855			$	4,426,416

Schedule of Investment Income

		Three months ended
		March 31,
		2019				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

Schedule of Securities with realized gains and losses on investments

		Three months ended
		March 31,
		2019				2018
Realized Losses
Fixed-maturity securities:
Gross realized gains		$	6,002			$	117,469
Gross realized losses			(28,433	)			(334,969	)
			(22,431	)			(217,500	)
Equity securities:
Gross realized gains			3,200				210,558
Gross realized losses			(5,961	)			(236,831	)
			(2,761	)			(26,273	)
Net realized losses			(25,192	)			(243,773	)
Unrealized Gains (Losses)
Equity securities:
Gross gains			1,767,835				-
Gross losses			-				(307,214	)
			1,767,835				(307,214	)
Other investments:
Gross gains			292,720				27,860
Gross losses			-				-
			292,720				27,860
Net unrealized gains (losses)			2,060,555				(279,354	)
Net gains (losses) on investments		$	2,035,363			$	(523,127	)

Schedule of Securities with Unrealized Losses

		March 31, 2019
		Less than 12 months												12 months or more												Total
		Estimated								No. of				Estimated								No. of				Estimated
		Fair				Unrealized				Positions				Fair				Unrealized				Positions				Fair				Unrealized
Category		Value				Losses				Held				Value				Losses				Held				Value				Losses
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	-			$	-				-			$	3,972,480				(9,784	)			2			$	3,972,480			$	(9,784	)
Political subdivisions of States, Territories and Possessions			-				-				-				825,878				(6,230	)			2				825,878				(6,230	)
Corporate and other bonds industrial and miscellaneous			9,045,064				(57,955	)			11				40,520,044				(710,936	)			52				49,565,108				(768,891	)
Residential mortgage and other asset backed securities			2,666,892				(95,026	)			4				15,432,106				(389,820	)			23				18,098,998				(484,846	)
Total fixed-maturity securities		$	11,711,956			$	(152,981	)			15			$	60,750,508			$	(1,116,770	)			79			$	72,462,464			$	(1,269,751	)

		December 31, 2018
		Less than 12 months												12 months or more												Total
		Estimated								No. of				Estimated								No. of				Estimated
		Fair				Unrealized				Positions				Fair				Unrealized				Positions				Fair				Unrealized
Category		Value				Losses				Held				Value				Losses				Held				Value				Losses
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	4,948,530			$	(28,000	)			3			$	-			$	-				-			$	4,948,530			$	(28,000	)
Political subdivisions of States, Territories and Possessions			555,375				(12,327	)			1				1,436,242				(36,508	)			3				1,991,617				(48,835	)
Corporate and other bonds industrial and miscellaneous			81,004,459				(2,775,540	)			97				13,424,888				(676,605	)			24				94,429,347				(3,452,145	)
Residential mortgage and other asset backed securities			7,002,713				(231,229	)			9				11,928,425				(331,012	)			19				18,931,138				(562,241	)
Total fixed-maturity securities		$	93,511,077			$	(3,047,096	)			110			$	26,789,555			$	(1,044,125	)			46			$	120,300,632			$	(4,091,221	)

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