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4. Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
    March 31, 2019  
    Level 1     Level 2     Level 3     Total  
       
Fixed-maturity securities available-for-sale                        
U.S. Treasury securities and obligations of U.S. government corporations and agencies   $ 8,289,944     $ -     $ -     $ 8,289,944  
                                 
Political subdivisions of States, Territories and Possessions     -       5,799,104       -       5,799,104  
                                 
Corporate and other bonds industrial and miscellaneous     121,238,077       3,715,296       -       124,953,373  
                                 
Residential mortgage backed securities     -       21,434,731       -       21,434,731  
Total fixed maturities     129,528,021       30,949,131       -       160,477,152  
Equity securities     19,663,987       -       -       19,663,987  
Total investments   $ 149,192,008     $ 30,949,131     $ -     $ 180,141,139  

 

    December 31, 2018  
    Level 1     Level 2     Level 3     Total  
       
Fixed-maturity securities available-for-sale                        
U.S. Treasury securities and obligations of U.S. government corporations and agencies   $ 8,220,381     $ -     $ -     $ 8,220,381  
                                 
Political subdivisions of States, Territories and Possessions     -       6,341,608       -       6,341,608  
                                 
Corporate and other bonds industrial and miscellaneous     112,076,270       3,674,023       -       115,750,293  
                                 
Residential mortgage backed securities     -       21,465,234       -       21,465,234  
Total fixed maturities     120,296,651       31,480,865       -       151,777,516  
Equity securities     16,572,616       -       -       16,572,616  
Total investments   $ 136,869,267     $ 31,480,865     $ -     $ 168,350,132  

 

Schedule of Hedge Fund Investments
Category  

 March 31,

2019

   

 December 31,

2018

 
Other Investments:            
Hedge fund   $ 2,147,945     $ 1,855,225  
Total   $ 2,147,945     $ 1,855,225  
Fair Value Hierarchy of Long-term Debt
    March 31, 2019  
    Level 1     Level 2     Level 3     Total  
Long-term debt      
                         
Senior Notes due 2022   $ -     $ 28,485,329     $ -     $ 28,485,329  

  

    December 31, 2018  
    Level 1     Level 2     Level 3     Total  
Long-term debt      
                         
Senior Notes due 2022   $ -     $ 28,521,734     $ -     $ 28,521,734