9. Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of deferrred tax assets and liabilities

	March 31,	December 31,
	2020	2019
Deferred tax asset:
Net operating loss carryovers (1)	$              70,381	$        1,586,247
Claims reserve discount	797,917	839,959
Unearned premium	2,945,811	3,105,344
Deferred ceding commission revenue	1,456,434	1,624,434
Other	272,244	462,019
Total deferred tax assets	5,542,787	7,618,003
Deferred tax liability:
Investment in KICO (2)	759,543	759,543
Deferred acquisition costs	4,110,096	4,333,219
Intangibles	105,000	105,000
Depreciation and amortization	318,895	312,298
Net unrealized (losses) gains of securities - available-for-sale	(1,098,446)	1,796,891
Total deferred tax liabilities	4,195,088	7,306,951
Net deferred income tax asset	$         1,347,699	$           311,052

Losses subject to annual limitation

	March 31,	December 31,
Type of NOL	2020	2019	Expiration
Federal only, current year	$                           -	$            1,517,866	(A)
State only (B)	1,722,611	1,616,568	December 31, 2040
Valuation allowance	(1,652,230)	(1,548,187)
State only, net of valuation allowance	70,381	68,381
Total deferred tax asset from net operating loss carryovers	$                 70,381	$            1,586,247