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15. Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes from continuing operations |
Years ended December 31, |  | 2019 |  |  | 2018 |
Current federal income tax expense (benefit) |  | $ | 174,779 |  |  | $ | (74,001 | )
Current state income tax expense (benefit) |  |  | 238 |  |  |  | (6,784 | )
Deferred federal and state income tax benefit |  |  | (1,991,208 | ) |  |  | (5,398 | )
Income tax benefit |  | $ | (1,816,191 | ) |  | $ | (86,183 | )
Schedule of a reconciliation of the federal statutory rate |
Years ended December 31, |  | 2019 |  |  | 2018 |
Computed expected tax (benefit) expense |  | $ | (1,634,334 | ) |  |  | 21.0 | % |  | $ | 631,483 |  |  |  | 21.0 | %
State taxes, net of federal benefit |  |  | (247,909 | ) |  |  | 3.2 |  |  |  | (377,884 | ) |  |  | (12.6 | )
State valuation allowance |  |  | 261,573 |  |  |  | (3.4 | ) |  |  | 390,976 |  |  |  | 13.0 |
Permanent differences |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends received deduction |  |  | (97,631 | ) |  |  | 1.3 |  |  |  | (85,703 | ) |  |  | (2.9 | )
Non-taxable investment income |  |  | (39,901 | ) |  |  | 0.5 |  |  |  | (40,861 | ) |  |  | (1.4 | )
Excess benefit from stock-based compensation |  |  | 184 |  |  |  | - |  |  |  | (569,459 | ) |  |  | (18.9 | )
Stock-based compensation |  |  | 80,453 |  |  |  | (1.0 | ) |  |  | (16,960 | ) |  |  | (0.5 | )
Other permanent differences |  |  | (15,961 | ) |  |  | 0.2 |  |  |  | 42,496 |  |  |  | 1.4 |
Prior year tax matters |  |  | (91,748 | ) |  |  | 1.2 |  |  |  | (61,415 | ) |  |  | (2.0 | )
Other |  |  | (30,917 | ) |  |  | 0.3 |  |  |  | 1,144 |  |  |  | - |
Income tax benefit, as reported |  | $ | (1,816,191 | ) |  |  | 23.3 | % |  | $ | (86,183 | ) |  |  | (2.9 | )%
Schedule of Deferrred Tax Assets and Liabilities |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Deferred tax asset: |  |  |  |  |  |
Net operating loss carryovers (1) |  | $ | 1,586,247 |  |  | $ | 90,438 |
Claims reserve discount |  |  | 839,959 |  |  |  | 343,905 |
Unearned premium |  |  | 3,105,344 |  |  |  | 3,145,682 |
Deferred ceding commission revenue |  |  | 1,624,434 |  |  |  | 564,202 |
Other |  |  | 462,019 |  |  |  | 383,733 |
Total deferred tax assets |  |  | 7,618,003 |  |  |  | 4,527,960 |
Deferred tax liability: |  |  |  |  |  |  |  |
Investment in KICO (2) |  |  | 759,543 |  |  |  | 759,543 |
Deferred acquisition costs |  |  | 4,333,219 |  |  |  | 3,760,625 |
Intangibles |  |  | 105,000 |  |  |  | 140,700 |
Depreciation and amortization |  |  | 312,298 |  |  |  | 664,194 |
Net unrealized gains (losses) of securities - available-for-sale |  |  | 1,796,891 |  |  |  | (1,151,335 | )
Total deferred tax liabilities |  |  | 7,306,951 |  |  |  | 4,173,727 |
Net deferred income tax asset |  | $ | 311,052 |  |  | $ | 354,233 |
(1) The deferred tax assets from net operating loss carryovers are as follows:
Schedule of net operating loss carryovers |
|  | December 31, |  |  | December 31, |  |
Type of NOL |  | 2019 |  |  | 2018 |  | Expiration
Federal only, current year |  | $ | 1,517,866 |  |  | $ | - |  | None
Amount subject to Annual Limitation, federal only |  |  | - |  |  |  | 2,100 |  | December 31, 2019
Total federal only |  |  | 1,517,866 |  |  |  | 2,100 |  |
State only (A) |  |  | 1,616,568 |  |  |  | 1,305,365 |  | December 31, 2039
Valuation allowance |  |  | (1,548,187 | ) |  |  | (1,217,027 | ) |
State only, net of valuation allowance |  |  | 68,381 |  |  |  | 88,338 |  |
Total deferred tax asset from net operating loss carryovers |  | $ | 1,586,247 |  |  | $ | 90,438 |  |
Schedule of changes in net deferred income tax liability to the deferred income tax provision |
Change in net deferred income tax assets |  | $ | 43,181 |
Deferred tax expense allocated to other comprehensive (loss) income |  |  | (2,034,389 | )
Deferred income tax benefit |  | $ | (1,991,208 | )

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