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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (9,114,298) $ (18,574,772)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Net losses (gains) on investments (17,201) (599,773)
Net unrealized (gains) losses on equity investments (173,178) 7,549,640
Net unrealized (gains) losses on other investments (441,666) 2,363,568
Depreciation and amortization 2,327,691 2,472,348
Bad debt expense 59,099 43,365
Amortization of bond premium, net 118,280 922,257
Amortization of discount and issuance costs on debt 890,758 132,135
Stock-based compensation 636,178 1,204,865
Deferred income tax benefit (2,149,367) (3,939,612)
Decrease (increase) in operating assets:    
Premiums receivable, net 495,036 (616,493)
Reinsurance receivables, net (17,792,865) (19,073,499)
Deferred policy acquisition costs 3,287,131 (966,697)
Other assets (144,475) 95,613
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 3,335,434 11,980,153
Unearned premiums (4,331,227) 6,029,773
Advance premiums 3,449,195 3,933,809
Reinsurance balances payable 7,201,518 (1,486,321)
Deferred ceding commission revenue (1,226,518) 571,862
Accounts payable, accrued expenses and other liabilities (2,198,271) 36,341
Net cash flows used in operating activities (15,754,344) (7,921,438)
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) (24,874,443)
Purchase - equity securities 0 (637,897)
Redemption - fixed-maturity securities held-to-maturity 750,000 1,000,000
Sale and maturity - fixed-maturity securities available-for-sale 33,453,349 14,213,435
Sale - equity securities 99,917 11,962,513
Redemption - other investments 0 2,576,272
Acquisition of property and equipment (1,380,256) (3,342,258)
Net cash flows provided by investing activities 19,755,073 398,911
Cash flows from financing activities:    
Principal payments on equipment financing (810,289) 0
Issue costs on 2022 Notes (14,299)  
Withholding taxes paid on vested retricted stock awards 1,400 379,799
Dividends paid 0 (1,277,066)
Net cash flows used in financing activities (825,988) (1,656,865)
Increase (decrease) in cash and cash equivalents 3,174,741 (9,179,392)
Cash and cash equivalents, beginning of period 11,958,228 24,290,598
Cash and cash equivalents, end of period 15,132,969 15,111,206
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 1,628,357 825,000
Supplemental schedule of non-cash investing and financing activities:    
Other comprehensive loss, net of tax $ (1,161,051) $ (17,775,309)