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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:                
Net income (loss) $ (1,406,811) $ 2,267,703 $ (434,814) $ (1,043,826) $ 860,893 $ (1,478,640) $ 46,498,960 $ 26,893,515
Adjustments to reconcile net income (loss) to net cash from operations:                
Depreciation and amortization         268,275 376,723    
Bond amortization, net         (354,623) (236,401)    
Bad debt expense         5,339 706    
Net realized investment gains         (125,353) (1,575)    
Net realized gains on real estate sale 0   0   (3,693,858) 0    
Net unrealized investment gains on equity securities         (166,281) (22,959)    
Changes in assets and liabilities:                
Net receivables and accrued investment income         (773,840) (139,464)    
Reinsurance recoverable         330,848 (755,862)    
Deferred policy acquisition costs         (323,968) (48,542)    
Other assets         97,988 61,701    
Unpaid losses and loss adjustment expenses         (696,342) (189,161)    
Unearned premiums         2,787,546 317,324    
Advance premium and premium deposits         (81,118) 70,098    
Accrued expenses and other liabilities         (1,312,344) 589,835    
Income taxes current/deferred         250,612 (51,420)    
Net Cash Used by Operating Activities         (2,926,226) (1,507,637)    
Cash flows from investing activities:                
Purchase of fixed maturity investments         (23,149,083) (11,764,292)    
Purchase of equity securities         (1,410,323) (502,484)    
Proceeds from maturity of fixed maturity investments         15,743,563 9,369,854    
Proceeds from sale or call of fixed maturity investments         3,425,261 3,693,797    
Proceeds from sale of equity securities         932,771 0    
Purchase of short-term investments         (6,268,314) (2,389)    
Proceeds from sale of real estate held for sale         12,028,875 0    
Purchase of property and equipment         (455,847) (387,587)    
Net Cash Provided by Investing Activities         846,903 406,899    
Cash flows from financing activities:                
Repurchase of common stock         101 6,240    
Net Cash Used by Financing Activities         (101) (6,240)    
Net decrease in cash and cash equivalents         (2,079,424) (1,106,978)    
Cash and cash equivalents at beginning of period   $ 3,957,980   $ 5,781,639 3,957,980 5,781,639 5,781,639  
Cash and Cash Equivalents at End of Period $ 1,878,556   $ 4,674,661   1,878,556 4,674,661 $ 3,957,980 $ 5,781,639
Cash paid during the period for:                
Interest         0 0    
Income taxes         $ 8,800 $ 8,800