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Fair Value of Financial Instruments and Real Estate | 6 Months Ended
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Jun. 30, 2021
Fair Value of Financial Instruments and Real Estate |
5 - Fair Value of Financial Instruments and Real Estate | Note 5 - Fair Value of Financial Instruments and Real Estate The estimated fair values of the Company’s financial instruments and real estate as of June 30, 2021 and December 31, 2020 are as follows:
|  | June 30, 2021 |  |  | December 31, 2020 |
|  | Carrying |  |  | Estimated |  |  | Carrying |  |  | Estimated |
|  | Value |  |  | Fair Value |  |  | Value |  |  | Fair Value |
Fixed-maturity securities-held-to maturity |  | $ | 9,822,799 |  |  | $ | 10,458,317 |  |  | $ | 7,368,815 |  |  | $ | 8,194,824 |
Cash and cash equivalents |  | $ | 43,059,747 |  |  | $ | 43,059,747 |  |  | $ | 19,463,742 |  |  | $ | 19,463,742 |
Premiums receivable, net |  | $ | 10,719,732 |  |  | $ | 10,719,732 |  |  | $ | 11,819,639 |  |  | $ | 11,819,639 |
Reinsurance receivables, net |  | $ | 28,192,924 |  |  | $ | 28,192,924 |  |  | $ | 45,460,729 |  |  | $ | 45,460,729 |
Real estate, net of accumulated depreciation |  | $ | 2,181,335 |  |  | $ | 2,705,000 |  |  | $ | 2,219,999 |  |  | $ | 2,705,000 |
Reinsurance balances payable |  | $ | 2,026,000 |  |  | $ | 2,026,000 |  |  | $ | 6,979,735 |  |  | $ | 6,979,735 |

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- Definition Disclosure of accounting policy for determining the fair value of financial instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 60 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13279-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790 + Details
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