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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (6,168,346) $ (22,524,794)
used in operating activities:    
Net losses (gains) on investments 18,811 140,063
Net unrealized (gains) losses on equity investments (1,027,867) 6,494,380
Net unrealized (gains) losses on other investments (1,125,498) 2,757,422
Depreciation and amortization 2,973,440 3,300,445
Bad debt expense 75,215 132,577
(Accretion of bond discount) amortization of bond premium, net (36,712) 3,995,751
Amortization of discount and issuance costs on debt 1,187,678 230,389
Stock-based compensation 832,597 1,392,612
Deferred income tax benefit (1,199,915) (5,419,176)
Decrease (increase) in operating assets:    
Premiums receivable, net 200,481 (1,694,745)
Reinsurance receivables, net (9,128,851) (26,172,623)
Deferred policy acquisition costs 4,016,889 (1,580,466)
Other assets (825,737) 4,844,358
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 3,478,349 23,390,768
Unearned premiums (1,871,239) 9,733,170
Advance premiums 958,562 145,562
Reinsurance balances payable (224,826) 100,398
Deferred ceding commission revenue (1,158,704) 871,061
Accounts payable, accrued expenses and other liabilities (2,301,177) (1,052,673)
Net cash flows used in operating activities (11,326,850) (915,521)
Cash flows from investing activities:    
Purchase - fixed-maturity securities held-to-maturity 0 (498,711)
Purchase - fixed-maturity securities available-for-sale (51,496,673) (48,733,416)
Purchase - equity securities 0 (684,778)
Redemption - fixed-maturity securities held-to-maturity 750,000 1,000,000
Sale and maturity - fixed-maturity securities available-for-sale 61,935,658 25,606,590
Sale - equity securities 99,917 19,379,047
Redemption - other investments 0 2,576,272
Acquisition of property and equipment (1,827,202) (4,550,783)
Net cash flows provided by (used in) investing activities 9,461,700 (5,905,779)
Cash flows from financing activities:    
Proceeds from equipment financing 0 8,096,824
Principal payments on equipment financing (1,088,372) (191,169)
Principal payment on 2017 Notes refinancing   (10,050,000)
Bond issue costs on 2022 Notes (14,299) (1,758,112)
Withholding taxes paid on vested retricted stock awards (13,409) (392,011)
Net proceeds from issuance of common stock - employee stock purchase plan 0 60,464
Dividends 0 (1,277,066)
Net cash flows used in financing activities (1,116,080) (5,511,070)
Decrease in cash and cash equivalents (2,981,230) (12,332,370)
Decrease in cash and cash equivalents (2,981,230) (12,332,370)
Cash and cash equivalents, beginning of period 11,958,228 24,290,598
Cash and cash equivalents, end of period 8,976,998 11,958,228
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 2,927,905 1,600,626
Supplemental schedule of non-cash investing and financing activities:    
Other comprehensive income (loss), net of tax 3,683,865 (17,755,167)
Warrants issued under the Exchange Agreement $ 0 $ 993,200