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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (5,576,727) $ (14,577,151)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Net losses on investments 13,020 210,900
Net unrealized (gains) losses on equity investments (657,145) 6,417,045
Net unrealized (gains) losses on other investments (777,888) 2,287,833
Depreciation and amortization 1,586,632 1,647,373
Bad debt expense 38,400 42,226
Amortization of bond premium, net (51,548) 248,650
Amortization of discount and issuance costs on debt 593,839 88,090
Stock-based compensation 429,055 1,016,443
Deferred income tax benefit (1,290,380) (3,485,876)
Decrease (increase) in operating assets:    
Premiums receivable, net 1,269,270 281,845
Reinsurance receivables, net (10,114,427) (14,359,733)
Deferred policy acquisition costs 2,379,295 213,049
Other assets 91,182 2,437,007
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves (777,903) 3,954,315
Unearned premiums (5,577,882) 393,352
Advance premiums 3,672,153 3,079,978
Reinsurance balances payable 622,629 (2,084,455)
Deferred ceding commission revenue (929,409) 10,832
Accounts payable, accrued expenses and other liabilities (1,952,161) (1,538,353)
Net cash flows used in operating activities (17,009,995) (13,716,630)
Cash flows from investing activities:    
Purchase - fixed-maturity securities held-to-maturity 0 (498,711)
Purchase - fixed-maturity securities available-for-sale (13,167,937) (14,386,410)
Purchase - equity securities 0 (589,317)
Redemption - fixed-maturity securities held-to-maturity 500,000 1,000,000
Sale and maturity - fixed-maturity securities available-for-sale 31,375,538 13,228,270
Sale - equity securities 81,054 7,644,267
Acquisition of property and equipment (898,528) (2,540,874)
Net cash flows provided by investing activities 17,890,127 3,857,225
Cash flows from financing activities:    
Principal payments on equipment financing (536,237) 0
Issue costs on 2022 Notes (14,299)  
Withholding taxes paid on vested restricted stock awards (1,400) (379,799)
Dividends paid 0 (851,266)
Net cash flows used in financing activities (551,936) (1,231,065)
Increase (decrease) in cash and cash equivalents 328,196 (11,090,470)
Cash and cash equivalents, beginning of period 11,958,228 24,290,598
Cash and cash equivalents, end of period 12,286,424 13,200,128
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 1,730,905 825,000
Supplemental schedule of non-cash investing and financing activities:    
Other comprehensive income (loss), net of tax $ 1,064,856 $ (13,790,997)