Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (5,444,203)	$ (7,335,190)
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities:
Net (gains) losses on sale of investments	(274,581)	25,192
Net unrealized losses (gains) of equity investments	6,121,608	(1,767,835)
Net unrealized losses (gains) of other investments	597,391	(292,720)
Depreciation and amortization	687,094	602,332
Bad debts	35,737	36,824
Amortization of bond premium, net	105,189	118,568
Amortization of discount and issuance costs on long-term debt	44,045	44,045
Stock-based compensation	487,450	309,882
Deferred income tax expense	397,593	510,533
(Increase) decrease in operating assets:
Premiums receivable, net	757,551	(286,973)
Reinsurance receivables, net	(1,958,517)	209,478
Deferred policy acquisition costs	1,062,490	(246,544)
Other assets	(521,521)	(3,666,830)
Increase (decrease) in operating liabilities:
Loss and loss adjustment expense reserves	(2,647,512)	12,913,165
Unearned premiums	(5,904,700)	627,872
Advance premiums	(47,633)	956,784
Reinsurance balances payable	(6,377,437)	(731,445)
Deferred ceding commission revenue	(799,997)	58,710
Accounts payable, accrued expenses and other liabilities	(1,576,461)	616,556
Net cash flows (used in) provided by operating activities	(15,256,414)	2,702,404
Cash flows from investing activities:
Purchase - fixed-maturity securities available-for-sale	(961,000)	(6,094,835)
Purchase - equity securities	(5,220,778)	(1,604,615)
Sale and redemption - fixed-maturity securities held-to-maturity	0	400,000
Sale or maturity - fixed-maturity securities available-for-sale	10,553,818	1,505,382
Sale - equity securities	5,518,428	246,047
Acquisition of property and equipment	(432,112)	(1,048,604)
Other investing activities	0	(287,733)
Net cash flows provided by (used in) investing activities	9,458,356	(6,884,358)
Cash flows from financing activities:
Withholding taxes paid on vested retricted stock awards	(87,954)	(116,007)
Purchase of treasury stock	(242,724)	0
Dividends paid	(675,960)	(1,075,962)
Net cash flows used in financing activities	(1,006,638)	(1,191,969)
Decrease in cash and cash equivalents	(6,804,696)	(5,373,923)
Cash and cash equivalents, beginning of period	32,391,485	21,138,403
Cash and cash equivalents, end of period	25,586,789	15,764,480
Supplemental disclosures of cash flow information:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0