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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (22,524,794) $ (7,378,301)
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities:    
Net losses (gains) on investments 140,063 (7,234,028)
Net unrealized losses (gains) on equity investments 6,494,380 (276,340)
Net unrealized losses (gains) on other investments 2,757,422 (2,276,587)
Depreciation and amortization 3,300,445 3,290,445
Bad debt expense 132,577 160,369
Amortization of bond premium, net 3,995,751 260,343
Amortization of discount and issuance costs on debt 230,389 176,180
Stock-based compensation 1,392,612 1,904,935
Deferred income tax benefit (5,419,176) (2,200,433)
Decrease (increase) in operating assets:    
Premiums receivable, net (1,694,745) (659,066)
Reinsurance receivables, net (26,172,623) 5,168,291
Deferred policy acquisition costs (1,580,466) (2,096,472)
Other assets 4,844,358 667,952
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 23,390,768 12,147,517
Unearned premiums 9,733,170 7,750,335
Advance premiums 145,562 33,112
Reinsurance balances payable 100,398 5,981,833
Deferred ceding commission revenue 871,061 9,654,989
Accounts payable, accrued expenses and other liabilities (1,052,673) (728,837)
Net cash flows (used in) provided by operating activities (915,521) 24,346,237
Cash flows from investing activities:    
Purchase - fixed-maturity securities held-to-maturity (498,711) (3,175,686)
Purchase - fixed-maturity securities available-for-sale (48,733,416) (91,210,388)
Purchase - equity securities (684,778) (19,195,630)
Purchase - other investments 0 (2,000,000)
Redemption - fixed-maturity securities held-to-maturity 1,000,000 2,217,428
Sale and maturity - fixed-maturity securities available-for-sale 25,606,590 85,347,589
Sale - equity securities 19,379,047 16,333,946
Sale - real estate partnership 0 233,798
Redemption - other investments 2,576,272 0
Acquisition of property and equipment (4,550,783) (4,498,919)
Net cash flows used in investing activities (5,905,779) (15,947,862)
Cash flows from financing activities:    
Proceeds from equipment financing 8,096,824 0
Principal payments on equipment financing (191,169) 0
Principal payment on 2017 Notes refinancing (10,050,000) 0
Bond issue costs on 2022 Notes (1,758,112) 0
Withholding taxes paid on vested retricted stock awards (392,011) (205,773)
Net proceeds from issuance of common stock - employee stock purchase plan 60,464 0
Purchase of treasury stock 0 (1,671,598)
Dividends paid (1,277,066) (1,694,148)
Net cash flows used in financing activities (5,511,070) (3,571,519)
(Decrease) increase in cash and cash equivalents (12,332,370) 4,826,856
Cash and cash equivalents, beginning of period 24,290,598 19,463,742
Cash and cash equivalents, end of period 11,958,228 24,290,598
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 1,600,626 1,650,000
Supplemental schedule of non-cash investing and financing activities:    
Warrants issued under the Exchange Agreement 993,200 0
Other comprehensive loss, net of tax $ (17,755,167) $ (8,083,323)