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3. Investments (Tables)

9 Months Ended

Sep. 30, 2019

Investments [Abstract]

Schedule of available for sale securities

		September 30, 2019
																						Net
		Cost or				Gross				Gross Unrealized Losses								Estimated				Unrealized
		Amortized				Unrealized				Less than 12				More than 12				Fair				Gains/
Category		Cost				Gains				Months				Months				Value				(Losses)

Fixed-Maturity Securities:
U.S. Treasury securities and
obligations of U.S. government
corporations and agencies		$	8,243,486			$	156,066			$	-			$	-			$	8,399,552			$	156,066

Political subdivisions of States,
Territories and Possessions			5,662,999				187,006				-				-				5,850,005				187,006

Corporate and other bonds
Industrial and miscellaneous			124,956,806				5,365,954				(33,073	)			(20,893	)			130,268,794				5,311,988

Residential mortgage and other
asset backed securities (1)			21,737,713				297,257				(19,924	)			(312,685	)			21,702,361				(35,352	)
Total		$	160,601,004			$	6,006,283			$	(52,997	)		$	(333,578	)		$	166,220,712			$	5,619,708

		December 31, 2018
																						Net
		Cost or				Gross				Gross Unrealized Losses								Estimated				Unrealized
		Amortized				Unrealized				Less than 12				More than 12				Fair				Gains/
Category		Cost				Gains				Months				Months				Value				(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 equity securities

		September 30, 2019
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value

Equity Securities:
Preferred stocks		$	8,415,227			$	394,815			$	(16,042	)		$	8,794,000
Common stocks and exchange
traded mutual funds			13,655,339				1,537,211				(487,351	)			14,705,199
Total		$	22,070,566			$	1,932,026			$	(503,393	)		$	23,499,199

		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 available for sale securities by contractual maturity

		September 30, 2019								December 31, 2018
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value

Less than one year		$	12,273,128			$	12,322,490			$	6,742,519			$	6,738,014
One to five years			50,106,836				51,297,620				47,038,838				46,640,012
Five to ten years			74,473,145				78,850,661				76,884,505				74,290,076
More than 10 years			2,010,182				2,047,580				2,974,426				2,644,180
Residential mortgage and other asset backed securities			21,737,713				21,702,361				21,790,973				21,465,234
Total		$	160,601,004			$	166,220,712			$	155,431,261			$	151,777,516

Schedule of other investments

		September 30, 2019												December 31, 2018
						Gross				Estimated								Gross				Estimated
Category		Cost				Gains				Fair Value				Cost				Losses				Fair Value

Other Investments:
Hedge fund		$	1,999,381			$	426,523			$	2,425,904			$	1,999,381			$	(144,156	)		$	1,855,225
Total		$	1,999,381			$	426,523			$	2,425,904			$	1,999,381			$	(144,156	)		$	1,855,225

Schedule of held to maturity securities

		September 30, 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		$	729,539			$	153,088			$	-			$	-			$	882,627			$	153,088

Political subdivisions of States,
Territories and Possessions			998,668				50,357				-				-				1,049,025				50,357

Corporate and other bonds
Industrial and miscellaneous			2,097,298				98,434				-				-				2,195,732				98,434

Total		$	3,825,505			$	301,879			$	-			$	-			$	4,127,384			$	301,879

		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

	September 30, 2019				December 31, 2018
	Amortized		Estimated		Amortized		Estimated
Remaining Time to Maturity	Cost		Fair Value		Cost		Fair Value

Less than one year	$ 623,000		$ 629,143		$ -		$ -
One to five years	$2,098,950		$2,214,947		2,996,685		3,036,531
Five to ten years	$497,016		$529,255		619,663		635,846
More than 10 years	$606,539		$754,039		606,507		754,039
Total	$ 3,825,505		$ 4,127,384		$ 4,222,855		$ 4,426,416

Schedule of investment income

		Three months ended								Nine months ended
		September 30,								September 30,
		2019				2018				2019				2018

Income:
Fixed-maturity securities		$	1,499,135			$	1,386,931			$	4,500,346			$	3,898,730
Equity securities			253,594				214,498				666,247				609,086
Cash and cash equivalents			75,253				44,024				288,334				159,865
Total			1,827,982				1,645,453				5,454,927				4,667,681
Expenses:
Investment expenses			(28,571	)			43,082				254,893				124,455
Net investment income		$	1,856,553			$	1,602,371			$	5,200,034			$	4,543,226

Schedule of securities with realized gains and losses on investments

		Three months ended								Nine months ended
		September 30,								September 30,
		2019				2018				2019				2018
Realized Gains (Losses)

Fixed-maturity securities:
Gross realized gains		$	10			$	4,749			$	10,954			$	116,961
Gross realized losses			(46,851	)			(77,191	)			(92,591	)			(560,418	)
			(46,841	)			(72,442	)			(81,637	)			(443,457	)

Equity securities:
Gross realized gains			38,477				121,609				83,737				436,859
Gross realized losses			-				(106,321	)			(56,859	)			(370,705	)
			38,477				15,288				26,878				66,154

Net realized losses			(8,364	)			(57,154	)			(54,759	)			(377,303	)

Unrealized Gains (Losses)

Equity securities:
Gross gains			916,496				-				3,196,260				-
Gross losses			-				288,435				-				(141,976	)
			916,496				288,435				3,196,260				(141,976	)

Other investments:
Gross gains			90,030				120,744				570,679				241,444
Gross losses			-				-				-				-
			90,030				120,744				570,679				241,444

Net unrealized gains			1,006,526				409,179				3,766,939				99,468

Net gains (losses) on investments		$	998,162			$	352,025			$	3,712,180			$	(277,835	)

Schedule of securities with unrealized losses

		September 30, 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:

and obligations of U.S.
government corporations
and agencies		$	-			$	-				-			$	-			$	-				-			$	-			$	-

Political subdivisions of
States, Territories and
Possessions			-				-				-				-				-				-				-				-

Corporate and other
bonds industrial and
miscellaneous			3,258,185				(33,073	)			6				3,170,889				(20,893	)			6				6,429,074				(53,966	)

Residential mortgage and other
asset backed securities			3,008,874				(19,924	)			3				15,596,316				(312,685	)			23				18,605,190				(332,609	)

Total fixed-maturity
securities		$	6,267,059			$	(52,997	)			9			$	18,767,205			$	(333,578	)			29			$	25,034,264			$	(386,575	)

		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	)