5. Fair Value of Financial Instruments and Real Estate (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments

	March 31, 2020		December 31, 2019
	Carrying	Estimated	Carrying	Estimated
	Value	Fair Value	Value	Fair Value
Fixed-maturity securities-held-to maturity	$        3,826,404	$        4,136,710	$        3,825,952	$       4,124,767
Cash and cash equivalents	$      25,586,789	$      25,586,789	$      32,391,485	$     32,391,485
Premiums receivable, net	$      11,913,123	$      11,913,123	$      12,706,411	$     12,706,411
Reinsurance receivables, net	$      42,709,055	$      42,709,055	$      40,750,538	$     40,750,538
Real estate, net of accumulated depreciation	$        2,275,307	$        2,705,000	$        2,292,743	$       2,705,000
Reinsurance balances payable	$        5,337,287	$        5,337,287	$      11,714,724	$     11,714,724