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3. Investments (Tables)

12 Months Ended

Dec. 31, 2019

Investments [Abstract]

Schedule of Available for Sale Securities

		December 31, 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		$	7,037,856			$	23,244			$	-			$	-			$	7,061,100			$	23,244
Political subdivisions of States,
Territories and Possessions			9,151,293				181,835				(11,316	)			-				9,321,812				170,519
Corporate and other bonds
Industrial and miscellaneous			119,874,573				5,777,624				(16,685	)			(13,473	)			125,622,039				5,747,466
Residential mortgage and other
asset backed securities (1)			26,138,633				437,841				(68,793	)			(276,451	)		$	26,231,230				92,597
Total		$	162,202,355			$	6,420,544			$	(96,794	)		$	(289,924	)		$	168,236,181			$	6,033,826

		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 Available for Sale Securities by contractual maturity

		December 30, 2019								December 31, 2018
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	11,986,401			$	12,025,804			$	6,742,519			$	6,738,014
One to five years			49,715,422				51,000,025				47,038,838				46,640,012
Five to ten years			69,850,104				74,410,275				76,884,505				74,290,076
More than 10 years			4,511,795				4,568,847				2,974,426				2,644,180
Residential mortgage and other asset backed securities			26,138,633				26,231,230				21,790,973				21,465,234
Total		$	162,202,355			$	168,236,181			$	155,431,261			$	151,777,516

Schedule of equity securities

		December 31, 2019
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	8,374,424			$	339,257			$	(11,794	)		$	8,701,887
Common stocks, mutual funds,
and exchange traded funds			14,250,244				1,982,878				(273,627	)			15,959,495
Total		$	22,624,668			$	2,322,135			$	(285,421	)		$	24,661,382

		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, mutual funds,
and exchange traded 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

		December 31, 2019												December 31, 2018
						Gross				Estimated								Gross				Estimated
Category		Cost				Gains				Fair Value				Cost				Losses				Fair Value
Other Investments:
Hedge fund		$	1,999,381			$	585,532			$	2,584,913			$	1,999,381			$	(144,156	)		$	1,855,225
Total		$	1,999,381			$	585,532			$	2,584,913			$	1,999,381			$	(144,156	)		$	1,855,225

Schedule of Held to Maturity Securities

		December 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)
Held-to-Maturity Securities:
U.S. Treasury securities		$	729,550			$	151,002			$	-			$	-			$	880,552			$	151,002
Political subdivisions of States,
Territories and Possessions			998,619				51,021				-				-				1,049,640				51,021
Corporate and other bonds
Industrial and miscellaneous			2,097,783				97,627				(835	)			-				2,194,575				96,792
Total		$	3,825,952			$	299,650			$	(835	)		$	-			$	4,124,767			$	298,815

		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)
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

		December 31, 2019								December 31, 2018
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	500,000			$	499,165			$	-			$	-
One to five years			2,099,268				2,215,640				2,996,685				3,036,531
Five to ten years			620,134				655,923				619,663				635,846
More than 10 years			606,550				754,039				606,507				754,039
Total		$	3,825,952			$	4,124,767			$	4,222,855			$	4,426,416

Schedule of Investment Income

		Years ended
		December 31,
		2019				2018
Income:
Fixed-maturity securities		$	5,943,889			$	5,316,970
Equity securities			930,004				820,827
Cash and cash equivalents			337,602				219,238
Total			7,211,495				6,357,035
Expenses:
Investment expenses			342,149				170,787
Net investment income		$	6,869,346			$	6,186,248

Schedule of Securities with realized gains and losses on investments

		Years ended
		December 31,
		2019				2018
Realized Gains (Losses)
Fixed-maturity securities:
Gross realized gains		$	11,608			$	117,186
Gross realized losses			(134,533	)			(618,699	)
			(122,925	)			(501,513	)
Equity securities:
Gross realized gains			316,924				992,012
Gross realized losses			(165,154	)			(584,473	)
			151,770				407,539
Net realized gains (losses)			28,845				(93,974	)
Unrealized Gains (Losses)
Equity Securities:
Gross gains			3,832,486				-
Gross losses			-				(2,257,727	)
			3,832,486				(2,257,727	)
Other Investments:
Gross gains			729,688				-
Gross losses			-				(144,156	)
			729,688				(144,156	)
Net unrealized gains (losses)			4,562,174				(2,401,883	)
Net gains (losses) on investments		$	4,591,019			$	(2,495,857	)

Schedule of Securities with Unrealized Losses

		December 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		$	-			$	-				-			$	-			$	-				-			$	-			$	-
Political subdivisions of
States, Territories and
Possessions			3,067,428				(11,316	)			3				-				-				-				3,067,428				(11,316	)
Corporate and other
bonds industrial and
miscellaneous			3,730,478				(16,685	)			7				1,300,915				(13,473	)			3				5,031,393				(30,158	)
Residential mortgage and other
asset backed securities			5,862,636				(68,793	)			5				13,534,768				(276,451	)			21				19,397,404				(345,244	)
Total fixed-maturity
securities		$	12,660,542			$	(96,794	)			15			$	14,835,683			$	(289,924	)			24			$	27,496,225			$	(386,718	)

		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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