Homeowners of America Holding 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	13-May-14
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Common Stock, Shares Outstanding	'	16,158,602
Entity Registrant Name	'Homeowners of America Holding Corp	'
Entity Central Index Key	'0001346922	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
Assets:	'	'
Cash and cash equivalents	$10,209,144	$8,104,310
Short-term investments	4,316,294	4,151,011
Restricted cash and investments	2,240,000	1,000,000
Long-term investments	0	1,960,000
Accrued investment income	7,246	8,853
Due and deferred premiums	3,653,799	4,169,824
Balance due from reinsurers	53,478,327	46,281,756
Property, equipment and software, net	229,583	244,516
Deferred policy acquisition costs	6,216,053	6,214,334
Prepaid expenses and other	411,741	128,195
Deferred tax assets, net	941,919	933,221
Total assets	81,704,106	73,196,020
Liabilities	'	'
Loss and loss adjustment expenses	17,462,319	15,884,062
Advance premiums	151,631	90,854
Ceded reinsurance premiums payable	9,216,262	3,271,858
Unearned premiums	31,281,940	31,297,118
Unearned ceding commissions	8,063,312	8,067,162
Commissions payable, reinsurers and agents	4,369,302	3,716,423
General and other accrued expenses payable	1,953,462	1,906,265
Funds held under reinsurance treaty	2,782	0
Income tax payable	265,809	211,198
Taxes, licenses and other fees payable	0	474,503
Total liabilities	72,766,819	64,919,443
Stockholders' equity:	'	'
Preferred stock, convertible; 12.5% cumulative; $0.0001 par value per share; 20,500,000 shares authorized; no shares issued and outstanding as of March 31, 2014 and December 31, 2013	0	0
Common stock, $0.0001 par value per share; 40,000,000 shares authorized; 17,469,602 shares issued and 16,119,602 shares outstanding as of March 31, 2014 and 17,181,140 shares issued and 15,831,140 shares outstanding as of December 31, 2013	1,612	1,583
Treasury stock, $0.0001 par value per share; 1,350,000 common shares as of March 31, 2014 and December 31, 2013	-135	-135
Additional paid-in-capital	6,154,986	5,969,550
Retained earnings	2,780,824	2,305,579
Total stockholders' equity	8,937,287	8,276,577
Total liabilities and stockholders' equity	$81,704,106	$73,196,020

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Preferred Stock Convertible Cumulative Percentage	12.50%	12.50%
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	20,500,000	20,500,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	40,000,000	40,000,000
Common Stock, Shares, Issued	17,469,602	17,181,140
Common Stock, Shares, Outstanding	16,119,602	15,831,140
Treasury Stock Par Or Stated Value Per Share	$0.00	$0.00
Treasury Stock, Shares	1,350,000	1,350,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Premiums earned	$14,444,123	$12,510,863
Ceded premiums	-13,146,456	-11,406,965
Net premiums earned	1,297,667	1,103,898
Policy fees	1,126,725	977,651
Ceding commissions	2,814,544	2,544,494
Gross investment income	7,447	11,316
Reinsurance profit sharing, installment fees and other income	864,696	324,161
Total Revenue	6,111,079	4,961,520
Expenses:	'	'
Losses and loss adjustment expenses	350,976	532,417
Policy acquisition expenses	3,197,446	2,676,813
Underwriting and other operating expenses	1,831,500	1,339,223
Total Expenses	5,379,922	4,548,453
Income before income taxes	731,157	413,067
Provision (benefit) for income taxes:	'	'
Current	264,610	134,017
Deferred	-8,698	13,353
Total income taxes	255,912	147,370
Net income	475,245	265,697
Cumulative preferred stock dividends	0	-357,496
Net income (loss) available to common stockholders	$475,245	($91,799)
Basic income (loss) per common share (in dollars per share)	$0.03	($0.04)
Weighted average number of common shares outstanding - basic (in shares)	16,023,448	2,250,000
Diluted income (loss) per common share (in dollars per share)	$0.03	($0.04)
Weighted average number of common shares outstanding - diluted (in shares)	16,925,948	2,250,000
Cash dividend declared per common share (in dollars per share)	$0	$0

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2012	$5,243,406	$450	$50	$90	'	$4,906,000	$336,816
Balance (in shares) at Dec. 31, 2012	'	4,500,000	500,000	900,000	'	'	'
Net Income	265,697	0	0	0	'	0	265,697
Balance at Mar. 31, 2013	5,509,103	450	50	90	'	4,906,000	602,513
Balance, shares at Mar. 31, 2013	'	4,500,000	500,000	900,000	'	'	'
Balance at Dec. 31, 2013	8,276,577	'	'	1,583	-135	5,969,550	2,305,579
Balance (in shares) at Dec. 31, 2013	'	'	'	15,831,140	1,350,000	'	'
Net Income	475,245	'	'	0	0	0	475,245
Common stock issued	150,000	'	'	29	0	149,971	0
Common stock issued (in shares)	'	'	'	288,462	0	'	'
Stock-based compensation	35,465	'	'	0	0	35,465	0
Balance at Mar. 31, 2014	$8,937,287	'	'	$1,612	($135)	$6,154,986	$2,780,824
Balance, shares at Mar. 31, 2014	'	'	'	16,119,602	1,350,000	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Cash flows from operating activities:	'		'
Net income	$475,245		$265,697
Adjustments to reconcile net income to net cash provided by (used in) by operating activities:	'		'
Depreciation & amortization	27,295		19,854
Accounting charge related to stock-based compensation expense	35,465	[1]	0
Common stock compensation for management services	150,000		0
Deferred tax assets	-8,698		13,353
(Increase) decrease in:	'		'
Accrued investment income	1,607		-2,961
Due and deferred premiums	516,025		410,779
Balance due from reinsurers	-7,196,571		-3,476,141
Deferred policy acquisition costs	-1,719		132,150
Prepaid and other	-283,546		-169,339
Increase (decrease) in:	'		'
Losses and loss adjustment expenses	1,578,257		1,451,007
Advance premiums	60,777		55,917
Ceded reinsurance premiums payable	5,944,404		2,413,860
Unearned premiums	-15,178		-733,938
Ceded deferred premiums	0		-2,724
Unearned ceding commissions	-3,850		-168,239
Commissions payable, reinsurance & agents	652,879		560,902
General and other accrued expenses	47,197		2,047,234
Funds held under reinsurance treaty	2,782		0
Income tax payable	54,611		-215,762
Taxes, licenses and other fees payable	-474,503		-431,382
Net cash provided by operating activities	1,562,479		2,170,267
Cash flows from investing activities:	'		'
Purchases of long-term certificate of deposit	0		-1,617,610
Maturities of long-term certificate of deposit	1,960,000		0
Maturities of short-term investments	1,309,717		0
Purchases of short-term investments	-2,715,000		-274,665
Additions to furniture, equipment and software	-12,362		2,398
Net cash provided by (used in) investing activities	542,355		-1,889,877
Net increase in cash and cash equivalents	2,104,834		280,390
Cash and cash equivalents, beginning of period	8,104,310		10,194,375
Cash and cash equivalents, end of the period	10,209,144		10,474,765
Supplemental disclosure of cash flow information:	'		'
Cash paid for income taxes	$210,000		$215,595
[1]	Represents 1,925,000 stock options granted in October 2013, of which 200,000 options vested immediately and 1,725,000 vesting annually over a period of 5 years.

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	1	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Homeowners of America Holding Corporation (“HAHC”) is an insurance holding company established to hold insurance entities for the purpose of marketing homeowners insurance products on a national basis. HAHC owns 100% of Homeowners of America Insurance Company (“HAIC”). HAIC is domiciled in Texas, licensed in multiple states and is authorized to write various forms of homeowners and auto insurance. All coverage is concentrated in Texas. HAHC also owns 100% of Homeowners of America MGA, Inc. (“MGA”), a Texas Corporation, formed as a captive managing general agency to produce business for HAIC. HAHC, along with its subsidiaries HAIC and MGA, are collectively referred to as “the Company”.
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Homeowners of America Holding Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
	Restatement of Prior Year Amounts
	In conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 31, 2014, we restated the unaudited Consolidated Statements of Cash Flows for the three months ended March 31, 2013. These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
			Three Months Ended
			March 31, 2013
			As
			Previously				As
			Reported		Adjustment		Restated
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses		$	-6,556	$	2,053,790	$	2,047,234
	Net cash provided by operating activities			116,477		2,053,790		2,170,267
	Cash flows from investing activities
	Purchases of short term investments			-7,264,905		6,990,240		-274,665
	Net cash used in investing activities			-8,880,117		6,990,240		-1,889,877
	Net increase (decrease) in cash and cash equivalents			-8,763,640		9,044,030		280,390
	Cash and cash equivalents, beginning of period			10,194,375		-		10,194,375
	Cash and cash equivalents, end of period		$	1,430,735	$	9,044,030	$	10,474,765
	Cash and cash equivalents
	Cash and cash equivalents include cash and highly liquid short-term investments, with original maturities of three months or less. The amount is carried at cost, which approximates fair value. At March 31, 2014 and December 31, 2013, cash and cash equivalents consist of cash on deposit with financial institutions, as well as money market mutual funds.
	General and other accrued expenses payable as of March 31, 2014 and December 31, 2013, include $1.2 million, respectively, of checks issued in excess of cash book balances, not yet presented for payment.
	Investments
	The Company’s investments are comprised of short-term and restricted investments as of March 31, 2014 and short-term, restricted, and long-term investments as of December 31, 2013. Restricted investments and long-term investments are described below. Short-term investments include certificates of deposit with original maturities greater than three months and maturities of one year or less. Due to the short-term nature of these investments, significant changes in prevailing interest rates and economic conditions should not adversely affect the timing and amount of cash flows on such investments or their related values. Accordingly, certificates of deposit are carried at cost, which approximates fair value.
	The Company has pledged to the Texas Department of Insurance $2.0 million for the purpose of meeting obligations to policyholders and creditors. Restricted assets are shown separately in the accompanying consolidated balance sheets as “Restricted cash and investments”. Although the Company, with the approval of the Texas Department of Insurance, may exchange the investments with other funds or investments, management intends to hold the portion of these restricted investments in certificates of deposit to their maturity. As such, these restricted certificates of deposit are carried at cost, which approximates fair value. Interest earned on these investments inures to the benefit of the Company.
	The Company has pledged an additional $240,000 to the Nevada Department of Insurance as part of the application process to write business in Nevada.
	As of December 31, 2013, the Company’s investments also included certificates of deposit that mature more than one year after the balance sheet date and are reflected on the consolidated balance sheets as Long-term investments. Based on management’s intent to hold to maturity, this investment is carried at cost. Cost approximates fair value based on the rates currently offered for deposits of similar remaining maturities.
	The Company’s investments in certificates of deposits and money market accounts do not qualify as securities as defined in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 320, Investment – Debt and Equity Securities. Accordingly, the fair value disclosures required by FASB ASC 820, Fair Value Measurements and Disclosures are not provided. Where applicable, the Company assesses investments of an issuer currently carrying a net unrealized loss. If in management’s judgment, the decline in value is other than temporary, the cost of the investment is written down to fair value with a corresponding charge to earnings. Factors considered in determining whether an impairment exists include financial condition, business prospects and creditworthiness of the issuer, the length of time and magnitude that the asset value has been less than cost, and the ability and intent to hold such investments until the fair value recovers.
	Comprehensive Income
	FASB ASC 220 - Comprehensive Income, requires that recognized revenues, expenses, gains and losses be included in net income (loss). Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheet, these items, along with net income (loss), are components of comprehensive income. The Company characterizes their fixed income portfolio as available-for-sale securities, with appropriate adjustments to other comprehensive income. There were no qualifying items reported in comprehensive income for the three months ended March 31, 2014 or 2013.
	Recognition of Premium Revenues
	Premiums are recognized as revenue on a daily pro rata basis over the policy term. The portion of premiums related to the unexpired term of policies in force as of the end of the measurement period and to be earned over the remaining term of those polices, is deferred and reported as unearned premiums.
	Ceding Commission
	Ceding commissions represent acquisition costs associated with insurance risk ceded to reinsurers and is earned on a pro-rata basis over the life of the associated policy.
	Policy Fees
	Policy fee income includes application fees which are intended to reimburse the Company for a portion of the costs incurred in establishing the insurance. Policy fees on policies where premium is traditionally paid in full upon inception of the policy are recognized when written, while fees charged on policies where premiums are paid in installments, are recognized when collected.
	Reinsurance Profit Sharing, Installment Fees and Other Income
	Reinsurance profit share income is recognized when earned. Installment and other fees associated with the collection of installment premium payments are recognized as income when collected. Reinsurance profit share income for the three months ended March 31, 2014 was 8.9% of total revenue within this classification on the consolidated statements of operations. Loss adjustment fee income for the three months ended March 31, 2013 was 5.1% of total revenue within this classification on the consolidated statements of operations.
	Property, Equipment and Software
	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, which range from three to five years. The cost and related accumulated depreciation of assets sold or disposed are removed from the accounts and the resulting gain or loss is included in the consolidated statements of operations. Maintenance and repairs are expensed as incurred.
	Software installation and development is stated at cost, net of accumulated amortization. Amortization is calculated on a straight-line basis method over three years.
	Impairment of Long-Lived Assets
	Long-lived assets, such as property, equipment and software, are reviewed for impairment whenever business events or circumstances could lead to or indicate that the value of the asset is in fact may not be recoverable. The assessment of possible impairment is based on whether the carrying amount of the assets exceeds its fair value. The Company uses estimates of undiscounted future cash flows in determining the recoverability of long-lived assets. As of March 31, 2014 and December 31, 2013, no impairment has been recorded.
	Deferred Policy and Acquisition Costs
	Deferred policy acquisitions costs (“DAC”) as of March 31, 2014 and December 31, 2013, consist of commissions, premium taxes and policy underwriting and production expenses which are incurred through and vary directly with, the level of production of new and renewal insurance business and are amortized over the terms of the policies they relate to. The method used in calculating DAC limits the amount of the deferred cost to their estimated realizable value, which gives effect to allocating their expense along with other period costs associated with the insurance business, in relation to the amount of gross premium earned on policies to which they relate and investment income. DAC is reviewed to determine if it is recoverable from future income, including investment income. The amount of DAC considered recoverable could be reduced in the near term if estimates of future premium income from their related lines of insurance are revised.
	Reserve for Losses and Loss Adjustment Expenses
	The liability for losses and loss adjustment expenses (“LAE”) are estimates of the amounts required to cover known incurred losses and LAE, developed through the review and assessment of loss reports, along with the development of known claims. In addition, loss and loss adjustment expense reserves include management’s estimate of an amount for losses incurred but not reported (“IBNR”), determined from reviewing overall loss reporting patterns as well as the loss development cycles of individual claim cases. Such liabilities are necessarily based on estimates and while management believes that the amount is adequate, the ultimate liability may be more or less than the amounts provided. The approach and methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in current earnings.
	Due and Deferred Premiums
	Due and deferred premiums consist of uncollateralized premiums and agents’ balances in the course of collection as well as premiums booked but not yet due.
	Reinsurance
	In the normal course of business, the Company seeks to reduce the overall exposure to losses that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk with other insurance enterprises or reinsurers. The Company uses only quality, financially rated reinsurers and continually monitors the financial ratings of these companies through its brokers. The amount and type of reinsurance purchased each year is based on management’s estimate of its probable maximum loss and the conditions within the reinsurance market. The Company continually monitors its risk exposure through the use of the AIR modeling system and other modeling tools provided by its reinsurance brokers. Reinsurance premiums, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums paid for reinsurance are reported as reductions of earned premium income.
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss carryforwards, and liabilities are measured using enacted tax rates expected to be recovered or settled.
	The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In assessing the realizable value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment.
	Uncertain Tax Positions
	The Company recognizes uncertain tax positions in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. At March 31, 2014, the Company’s tax years from 2010 through 2013 remain subject to examination.
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s primary areas of estimate are for liabilities for unpaid losses and loss adjustment expenses, deferred policy acquisition costs, deferred tax and asset valuation, and reinsurance. Actual results could differ significantly from those estimates.
	Fair Value of Financial Instruments
The carrying value for the Company’s cash and cash equivalents and short-term investments approximate fair values as of March 31, 2014 and December 31, 2013 due to their short-term nature. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Convertible Notes Payable
The Company accounts for convertible notes payable under FASB ASC Topic 470-20 – Debt with Conversion and Other Options, which requires issuers to assess whether or not an embedded conversion feature is required to be separately accounted for as a derivative liability for liability and equity components and if the conversion feature is beneficial to the holder. See Note 9 on Convertible Notes Payable for additional disclosure.
Stock Based Compensation
The Company accounts for stock-based compensation under the fair value recognition provisions of FASB ASC Topic 718 –Compensation – Stock Compensation, which requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options and restricted stock issuances based on estimated fair values. In accordance with FASB ASC Topic 718, the Company recognizes stock-based compensation, if any, in the consolidated statements of operations on a straight line basis over the vesting period of the stock award. For those stock awards vesting 100% at the issue date, the Company recognizes stock-based compensation immediately.
Earnings (Loss) Per Share
Basic earnings (loss) per share of common stock is computed by dividing net income or loss, less cumulative preferred stock dividends for the period whether or not earned or paid, by the weighted-average number of common shares during the period.
For the three months ended March 31, 2014, the net income attributable to common stockholders was $475,245.
For the three months ended March 31, 2013, the net income attributable to common stockholders was decreased for cumulative dividends on preferred stock during the period of $357,496.
Diluted earnings (loss) per share of common stock is computed by dividing net income or loss attributable to common stockholders, adjusted for the effect of potentially dilutive securities, by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include convertible notes payable, outstanding convertible preferred stock and common stock options.
For the three months ended March 31, 2014, all of the Company’s dilutive securities were included in the computation of diluted earnings per share as dilutive. The total number of dilutive shares of common stock that were included totaled 902,500.
For the three months ended March 31, 2013, all of the Company’s potentially dilutive securities were excluded from the computation of diluted earnings per share as they were anti-dilutive. The total number of potentially dilutive shares of common stock that were excluded totaled 13,118,125.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2014
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	2	RECENT ACCOUNTING PRONOUNCEMENTS
	There have been no recent accounting pronouncements or changes in recent accounting pronouncements during the three months ended March 31, 2014, as compared to those described in our Annual Report on Form 10-K for the year ended December 31, 2013, that are of significance, or potential significance, to the Company.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	3	RELATED PARTY TRANSACTIONS
	MGA commenced operations September 1, 2010. As a captive insurance agency formed to service HAIC, MGA has the authority to receive and accept proposals for insurance, charge and collect premiums, maintain underwriting guidelines, prepare rate filings, appoint agents and create marketing materials and advertising. As compensation for these services, MGA retains the policy fees charged on each policy ranging from $50 to $75, as well as installment and delinquent collection fees. The policy fees and other miscellaneous charges were previously a component of HAIC operations.
	In conjunction with the retention of certain policy fees at MGA, HAIC allocates a significant portion of its general expense base to MGA. HAIC allocated $1,523,107 and $1,213,862 of general expenses and taxes, licenses and fees to MGA during the three months ended March 31, 2014 and 2013, respectively. The expense allocation agreement has been approved by the Texas Department of Insurance. On a consolidated company basis these transactions are eliminated.
	During the three months ended March 31, 2014 and 2013, MGA collected policy fees in the amount of $1,126,725 and $977,651, respectively.
	In December 2012, HAHC entered into a Convertible Promissory Note with Inter-Atlantic Fund, L.P. and Phoenix Associates, Inc., (companies controlled by a shareholder and former director, respectively). See Note 9 Convertible Notes Payable for additional disclosure.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2014
Investments Schedule [Abstract]	'
Investment [Text Block]	'
	4	INVESTMENTS
	Gross investment income from investments totaled $7,447 and $11,316 for the three months ended March 31, 2014 and 2013, respectively.
	There were no realized or unrealized gains or losses recognized for the periods due to the short term nature of the investments held. The intent is to hold to maturity certificates of deposit carried at amortized cost.
	The following table provides the Company’s investment holdings by type of financial instruments that were used to estimate the fair value disclosures for financial instruments:
			March 31, 2014						December 31, 2013
			Book Value			Fair Value /			Book Value			Fair Value /
						Carrying						Carrying
						Value						Value
	Financial Assets:
	Restricted certificates of deposit		$	2,240,000		$	2,240,000		$	785,000		$	785,000
	Restricted cash			-			-			215,000			215,000
	Long-term investments			-			-			1,960,000			1,960,000
	Short-term investments			4,316,294			4,316,294			4,151,011			4,151,011
			$	6,556,294		$	6,556,294		$	7,111,011		$	7,111,011
			March 31, 2014					December 31, 2013
			Range of Maturities		Interest Rates			Range of Maturities		Interest Rates
	Restricted certificates of deposit		Less than 1 year		0.10% - 0.40	%		Less than 1 year		0.10% - 0.25	%
	Restricted cash		Less than 1 year		-			-		-
	Long-term investments		More than 1 year		-			More than 1 year		0.30% - 0.70	%
	Short-term investments		Less than 1 year		0.20% - 1.242	%		Less than 1 year		0.20% - 1.242	%

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2014
Financial Instruments, Owned, at Fair Value [Abstract]	'
Financial Instruments Disclosure [Text Block]	'
	5	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company’s financial assets carried at fair value have been classified, for disclosure purposes, based on the hierarchy established within FASB ASC 820-10 – Fair Value Measurements and Disclosures. When market prices are not available, fair value is generally estimated utilizing valuation techniques that vary by asset class and incorporate available trade, bid and other market information, when available. The acceptable valuation techniques include (a) market approach, which uses prices or relevant information derived from market transactions for identical or comparable assets or liabilities, (b) the Income Approach, which converts future amounts such as cash flows or earnings to a single present value amount based on current market expectations about those future amounts, and (c) the Cost Approach, which is based on the amount that currently would be required to replace the service capacity of an asset. In certain circumstances, these valuation techniques may involve some level of management estimation and judgment which becomes significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk premium inherent in a particular methodology, model or input used.
	The fair value hierarchy is used to prioritize valuation inputs into three levels:
		⋅	Level 1 - unadjusted quoted prices in active markets for identical assets or liabilities. These inputs are considered to be the most reliable evidence of fair value.
		⋅	Level 2 – quoted prices for similar assets in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the investment. Such inputs include market interest rates and volatilities, spreads and yield curves.
		⋅	Level 3 – termed unobservable inputs which are utilized in situations where there is little or no market activity for the asset or liability at the measurement date. The approach typically involves a significant subjective management judgment toward the pricing of the security.
	The Company’s short-term investments comprised of certificates of deposit held at financial institutions which are not measured at fair value on a recurring basis. A portion of the Company’s cash and cash equivalents include money market mutual fund accounts held at financial institutions which are measured at fair value on a recurring basis. The following tables provide information as of March 31, 2014 and December 31, 2013, about the Company’s financial assets measured at fair value on a recurring basis:
			Fair Value Measurements Using
			Level 1		Level 2		Level 3		Total
	As of March 31, 2014
	Money market mutual funds		$	8,029,553	$	-	$	-	$	8,029,553
	Total		$	8,029,553	$	-	$	-	$	8,029,553
			Fair Value Measurements Using
			Level 1		Level 2		Level 3		Total
	As of December 31, 2013
	Money market mutual funds		$	5,903,478	$	-	$	-	$	5,903,478
	Total		$	5,903,478	$	-	$	-	$	5,903,478
	The following methods and assumptions were used to estimate the fair value disclosures for financial instruments:
	Money market mutual funds are valued at the closing price reported by the fund sponsor from an actively traded exchange. As the funds are generally maintained at a net asset value which does not fluctuate, cost approximates fair value. These are included as a Level 1 measurement in the table above.

PROPERTY_EQUIPMENT_AND_SOFTWAR

PROPERTY, EQUIPMENT, AND SOFTWARE NET	3 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	6	PROPERTY, EQUIPMENT, AND SOFTWARE NET
	Property, equipment, and software net consist of the following as of March 31, 2014 and December 31, 2013, respectively:
			March 31,		December 31,
			2014		2013		Useful Life
	Computer equipment		$	225,004	$	222,225	3 years
	Office equipment		$	13,999		13,999	5 years
	Furniture and fixtures		$	106,524		106,524	5 years
	Software installation and development		$	759,783		750,200	3 years
	Total, at cost			1,105,310		1,092,948
	Less accumulated depreciation and amortization			-875,727		-848,432
	Property and equipment, net		$	229,583	$	244,516
	Depreciation and amortization expense for property, equipment and software totaled $27,295 and $19,854 for the three months ended March 31, 2014 and 2013, respectively.

DEFERRED_POLICY_ACQUISION_COST

DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS	3 Months Ended
	Mar. 31, 2014
Deferred Policy Acquisition Costs Disclosures [Abstract]	'
Deferred Policy Acquisition Costs [Text Block]	'
	7	DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS
	Total capitalized deferred policy acquisition costs as of March 31, 2014 and March 31, 2013, comprised of commissions, premium taxes and costs associated with underwriting and issuing policies were $6,216,053 and $5,142,365, respectively.
	Changes in deferred policy acquisition costs for the three months ended March 31, 2014 and March 31, 2013, are as follows:
			March 31,		March 31,
			2014		2013
	Deferred policy acquisition charges, beginning of the period		$	6,214,334	$	5,274,515
	Capitalized costs			2,834,495		2,232,767
	Amortized costs			-2,832,776		-2,364,917
	Deferred policy acquisition charges, end of the period		$	6,216,053	$	5,142,365
	Deferred ceding commissions, which represent acquisition costs associated with insurance risk ceded to other reinsurance partners, as of March 31, 2014 and March 31, 2013 were $0 and $683,914, respectively. The decrease of $683,914 is due to a change in settlement procedures affecting the property quota share reinsurance program.
	Changes in deferred ceding commissions for the three months ended March 31, 2014 and March 31, 2013 are as follows:
			March 31,		March 31,
			2014		2013
	Deferred ceding commission, beginning of the period		$	-	$	683,914
	Capitalized commissions			-		3,025,410
	Amortized commissions			-		-3,025,410
	Deferred ceding commission, end of the period		$	-	$	683,914

UNPAID_LOSSES_AND_LOSS_ADJUSTM

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES	3 Months Ended
	Mar. 31, 2014
Supplementary Insurance Information [Abstract]	'
Supplementary Insurance Information, for Insurance Companies Disclosure [Text Block]	'
	8	UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
	Losses and loss adjustment expenses (LAE), less related reinsurance and deductibles, are charged to operations as incurred. Unpaid losses and LAE are based on claims adjusters’ estimates of the cost of settlement plus an estimate for losses IBNR based upon historical experience, industry loss experience, and management’s estimates. Loss reserves reflect Company management’s best estimate of the total cost of (i) claims that have been incurred but not yet paid, and (ii) claims that have been incurred, but not yet reported (IBNR). Loss reserves that are established by Company management are not an exact calculation of our liability, but rather loss reserves represent management’s best estimate for our Company’s liability based on the application of actuarial techniques and other projection methodology, taking into consideration other facts and circumstances known as of the balance sheet date. The process of setting reserves is complex and necessarily imprecise. The impact of both internal and external variables on ultimate loss and LAE costs is difficult to estimate. To arrive as its best estimate for losses, the Company uses damage estimating software developed and owned by acknowledged industry leader, Insurance Service Office. Reserves factors for IBNR are reviewed quarterly by an independent actuarial consultant. In addition, our appointed independent actuary attests to the adequacy of our unpaid claim reserve, including IBNR at calendar year end.
	Losses and Loss Adjustment Expenses
	The following table provides the reconciliation of the beginning and ending reserve balances for losses and LAE, gross of reinsurance for the three months ended March 31, 2014 and for March 31, 2013:
			Three Months Ended
			March 31,
			2014		2013
	Reserve for losses and LAE, beginning of period		$	15,884,062	$	11,641,296
	Reinsurance recoverables on losses and LAE			-15,090,175		-10,618,032
	Reserve for losses and LAE, net of reinsurance recoverables at beginning of year			793,887		1,023,264
	Add provision for claims and LAE occurring in:
	Current year			98,976		620,417
	Prior years			252,000		-88,000
	Net incurred losses and LAE during the current period			350,976		532,417
	Deduct payments for claims and LAE occuring in:
	Current year			167,599		297,000
	Prior years			222,628		262,151
	Net claim and LAE payments during the current period			390,227		559,151
	Reserve for losses and LAE, net of reinsurance recoverables, at end of period			754,636		996,530
	Reinsurance recoverables on losses and LAE			16,707,683		12,095,774
	Reserve for losses and LAE, end of period		$	17,462,319	$	13,092,304
	As a result of additional information on claims occurring in prior years becoming available to management, changes in estimates of provisions of claims and claim adjustment expenses were made resulting in an increase of $252,000 for the three months ended March 31, 2014 and a decrease of $88,000 for the three months ended March 31, 2013.

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	9	CONVERTIBLE NOTES PAYABLE
	As of December 31, 2013, the Convertible Promissory Note agreements with Inter-Atlantic Fund, L.P. and Phoenix Associates, Inc. (companies controlled by a shareholder and former director, respectively) in the amounts of $950,000 and $50,000, respectively, with an interest rate equal to 10% per annum (accelerating to 12.5% per annum in the event of default) were converted into 2,306,152 and 124,988 common shares, respectively.
	During the three months ended March 31, 2013, interest expense on these notes totaled $24,658.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	10. STOCKHOLDERS’ EQUITY
	Preferred Stock
	As of March 31, 2014 and December 31, 2013, the Company has 20,500,000 shares of preferred stock, convertible, 12.5% cumulative, $0.0001 par value per share, authorized and none issued and outstanding.
	Common Stock
	As of March 31, 2014, the Company has 40,000,000 shares authorized and 17,469,602 shares issued and 16,119,602 shares outstanding of $0.0001 par value common stock. Holders of common stock are entitled to one (1) vote for each share of common stock held at all meetings of stockholders, unless restricted by the Company’s Amended and Restated Certificate of Incorporation.
	As of December 31, 2013, the Company has 40,000,000 shares authorized and 17,181,140 shares issued and 15,831,140 shares outstanding of $0.0001 par value common stock. Holders of common stock are entitled to one (1) vote for each share of common stock held at all meetings of stockholders, unless restricted by the Company’s Amended and Restated Certificate of Incorporation.
	On February 1, 2014, the Company issued 288,462 shares of common stock at $0.52 a share, to Inter-Atlantic Management Inc., a beneficial owner of more than 5% of our outstanding shares of common stock. Per the terms of the Advisory Agreement dated August 1, 2013, Inter-Atlantic Management Inc. will be issued annually on February 1st, a grant of the Company’s common stock which in aggregate had a fair market value of $150,000 at the time of grant.
	There were no common stock warrants or options issued during the three months ended March 31, 2014 and March 31, 2013.

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	11	STOCK BASED COMPENSATION
	The Company accounts for stock-based compensation under the fair value recognition provision of FASB ASC Topic 718 –Compensation – Stock Compensation.
	Incentive Plans
	The Company’s 2005 Management Incentive Plan (the “2005 Plan”) provides for granting of stock options to enable the Company to obtain and retain the services of selected persons, both employees and directors, considered to be essential to the long-range success of the Company. Under the 2005 Plan, options may be granted to purchase a total not to exceed 789,475 shares of common stock in the aggregate, made up of original issue shares, treasury shares or a combination of the two. At March 31, 2014 and 2013, options to purchase 783,750 shares of common stock have been granted under the 2005 Plan.
	The Company’s 2013 Equity Compensation Plan (the “2013 Plan”) provides for granting of stock options, incentive stock options, stock awards, and restricted stock units to enable the Company to obtain and retain the services of selected persons, both employees and directors, considered to be essential to the long-range success of the Company. Under the 2013 Plan, options may be granted to purchase a total not to exceed 2,925,000 shares of common stock, made up of original issue shares, treasury shares or a combination of the two. At March 31, 2014, options to purchase 1,925,000 shares of common stock have been granted under the 2013 Plan.
	A summary of the activity of the Company’s stock option plan for the three months ended March 31, 2014 and March 31, 2013 is as follows:
		Number of			Weighted Avg			Weighted Avg			Aggregate
		Options			Exercise Price			Remaining Cont.			Intrinsic Value
								Term			(in thousands)
	Outstanding at December 31, 2013		2,708,750		$	0.58			8.41		$	4
	Outstanding at March 31, 2014		2,708,750			0.58			8.16		$	21
	Exercisable at March 31, 2014		902,500			0.7			5.55		$	6
	Outstanding at December 31, 2012		783,750		$	0.78			5.91		$	-
	Outstanding at March 31, 2013		783,750			0.78			5.66		$	-
	Exercisable at March 31, 2013		618,125			0.76			5.17		$	-
	The Company records stock-based compensation expense related to granting stock options in underwriting and other operating expenses. During the three months ended March 31, 2014, and 2013, the Company did not grant any stock options. The Company recognized compensation expense as follows for the three months ended March 31:
			Three Months Ended
			March 31,
			2014			2013
	Total gross compensation expense		$	35,465	-1		-
	Total tax benefit associated with compensation expense			-7,163			-
	Total net compensation expense		$	28,302			-
		-1	Represents 1,925,000 stock options granted in October 2013, of which 200,000 options vested immediately and 1,725,000 vesting annually over a period of 5 years.
	As of March 31, 2014, the Company expects to record compensation expense in the future as follows:
			Nine
			months
			ending			Year ending December 31,
			December 31, 2014			2015			2016			2017		2018
	Total gross unrecognized compensation expense		$	26,109		$	34,812		$	34,812		$	34,812	$	28,229
	Tax benefit associated with unrecognized compensation expense			-515			-686			-686			-686		-556
	Total net unrecognized compensation expense		$	25,594		$	34,126		$	34,126		$	34,126	$	27,673

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	12	INCOME TAXES
	During the three months ended March 31, 2014, the Company recorded $255,912 of income tax expense which resulted in estimated annual effective tax rate of 34.25%. The effective tax rate was primarily impacted as a result of permanent tax differences on meals and entertainment and stock-based compensation.
	During the three months ended March 31, 2013, the Company recorded $147,370 of income tax expense which resulted in estimated annual effective tax rate of 34.50%. The effective tax rate was primarily impacted as a result of permanent tax differences on meals and entertainment.
	The Company’s federal income tax return is consolidated with HAIC and MGA. Allocation of tax expense or refunds among the consolidated group is based on separate return calculations.

REINSURANCE

REINSURANCE	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Reinsurance [Text Block]	'
	13	REINSURANCE
	Certain premiums and benefits are ceded to other insurance companies under various reinsurance agreements. The reinsurance agreements provide HAIC with increased capacity to write larger risks and maintain its exposure to loss within its capital resources. Ceded reinsurance contracts do not relieve HAIC from its obligations to policyholders. HAIC remains liable to its policyholders for the portion reinsured to the extent that any reinsurer does not meet the obligations assumed under the reinsurance agreements. To minimize its exposure to significant losses from reinsurer insolvencies, HAIC evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers.
	For the 12 month period commencing April 1, 2013 and ending March 31, 2014, the Company reinsured with various third party reinsurers under residential quota share reinsurance treaties, 90% of its risk. The reinsurers’ liability under the quota share arrangement beginning in respect to any one loss occurrence shall not exceed $80,000,000. Property catastrophe treaties, which went into effect on the same day and have the same term as the quota share treaties, develop over four layers and cover a gross loss of $76,000,000 excess of $4,000,000 per occurrence. The Company’s net retention is $400,000 per occurrence.
	From April 1, 2012 through March 31, 2013, the Company reinsured with various reinsurers under homeowners quotashare reinsurance treaties ceding 90% of its risk to reinsurers. The reinsurers’ liability under the quota share arrangement beginning April 1, 2012, in respect to any one loss occurrence shall not exceed $60,000,000. Property catastrophe treaties in effect at the end of 2012 develop over four layers and cover a gross loss of $62,000,000 excess of $3,000,000 per occurrence. The Company’s net retention is $300,000 per occurrence.
	The Company also purchases reinsurance covering non-weather losses (two occurrences) in excess of a gross loss of $500,000 per occurrence for all coverage lines (a net loss of $50,000). This coverage which was in force during 2013 and 2012 has been obtained principally to protect the Company in the event of a large fire loss.
	The effects of reinsurance on premiums written and earned were as follows, for the three months ended March 31, 2014 and March 31, 2013:
			March 31, 2014				March 31, 2013
			Written		Earned		Written		Earned
	Direct premiums		$	14,428,945	$	14,444,123	$	11,776,925	$	12,510,863
	Ceded premiums			-12,883,015		-13,146,456		-10,452,707		-11,406,965
	Net Premiums		$	1,545,930	$	1,297,667	$	1,324,218	$	1,103,898
	Following is a summary of HAIC’s reinsurance balances under the above described reinsurance treaties as of and for the three months ended March 31, 2014 and December 31, 2013:
			March 31, 2014		December 31, 2013
	Ceded premiums payable		$	9,216,262	$	3,271,858
	Ceded loss adjustment expenses			956,055		4,424,649
	Ceded loss and loss adjustment expense reserve			16,707,683		15,090,175
	Ceded unearned premium reserve			27,910,486		27,924,037
	Ceded earned premiums			13,146,456		48,422,943

CONCENTRATION_OF_CREDIT_RISK

CONCENTRATION OF CREDIT RISK	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	14	CONCENTRATION OF CREDIT RISK
	The Company has exposure and remains liable in the event of an insolvency of one of its primary reinsurers. Management and its reinsurance intermediary regularly assess the credit quality and ratings of its reinsurer base companies.
	Financial instruments which potentially subject the Company to credit risk consist principally of cash and money market accounts on deposit with financial institutions, money market funds, certificates of deposit and premium balance in the course of collection. With respect to cash and money market accounts. Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act provides temporary (to December 31, 2012) Federal Deposit Insurance Corporation (“FDIC”) insurance coverage on all balances held in non-interest bearing accounts. Subsequent to December 31, 2012, insurance coverage on interest and non-interest bearing accounts continues at $250,000 per bank. At times, the Company’s bank deposits may exceed the FDIC limit.
	The Concentration of credit risk with respect to premium balances in the course of collection is limited, due to the large number of insureds comprising the Company’s customer base. However, substantially all of the Company’s revenues are derived from customers in Texas, which could be adversely affected by economic conditions, an increase in competition, or other environmental changes.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	15	COMMITMENTS AND CONTINGENCIES
	Operating Leases
	The Company leases its corporate office space and certain office equipment under non-cancelable operating leases which expire at various dates through 2018. Future minimum lease payments required under the non-cancelable operating leases are as follows for the years ending December 31:
	2014        (9 months)		$	124,470
	2015			151,911
	2016			158,017
	2017			74,592
	2018			5,496
			$	514,486
	Rent expense under such leases for the three months ended March 31, 2014 and March 31, 2013 was $31,573 and $28,426, respectively.
	Litigation
	The Company is the defendant in routine litigation involving matters that are incidental to the claims aspect of the Company’s business for which estimated losses are included in unpaid loss and loss adjustment expense reserves in the Company’s consolidated financial statements. It is management’s opinion that these lawsuits are not material individually or in the aggregate to the Company’s financial position, results of operations, or cash flow.

REGULATORY_REQUIREMENTS_AND_RE

REGULATORY REQUIREMENTS AND RESTRICTIONS	3 Months Ended
	Mar. 31, 2014
Banking and Thrift [Abstract]	'
Regulatory Capital Requirements under Banking Regulations [Text Block]	'
	16	REGULATORY REQUIREMENTS AND RESTRICTIONS
	HAIC is subject to the laws and regulations of the State of Texas and the regulations of any other states in which HAIC conducts business. State regulations cover all aspects of HAIC’s business and are generally designed to protect the interests of insurance policyholders, as opposed to the interests of stockholders. The Texas Insurance Code requires all property and casualty insurers to have a minimum of $2.5 million in capital stock and $2.5 million in surplus.
	As of December 31, 2013, HAIC’s total statutory surplus was $8,963,573 (capital stock of $2,500,000 and surplus of $6,463,573).
	As of March 31, 2014, HAIC’s total statutory surplus was $9,665,821 (capital stock of $3,000,000 and surplus of $6,665,821).
	As of March 31, 2014 and December 31, 2013, HAIC had restricted cash and investments totaling $2.0 million and $1.0 million, respectively, which have been pledged to the Texas Department of Insurance. As of March 31, 2014, HAIC has pledged $240,000 to the Nevada Department of Insurance. States routinely require deposits of assets for the protection of policyholders and creditors.
	The Texas Insurance Code limits dividends from insurance companies to their stockholders to net income accumulated in the Company’s surplus account, or “earned surplus”.
	The maximum dividend that may be paid without approval of the Insurance Commissioner is limited to the greater of 10% of the statutory surplus at the end of the preceding calendar year or the statutory net income of the preceding calendar year. No dividends were paid by HAIC in 2014 or 2013.
	HAIC prepares its statutory-based financial statements in conformity with accounting practices prescribed or permitted by the Texas Department of Insurance. Prescribed statutory accounting practices primarily include those published as statements of SAP by the NAIC, as well as state laws, regulations and general administrative rules. Permitted statutory accounting practices encompass all accounting practice not so prescribed. As of March 31, 2014 and December 31, 2013, there were no material permitted statutory accounting practice utilized by HAIC.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	17	SUBSEQUENT EVENTS
	On April 24, 2014, Inter-Atlantic Advisors, Ltd., a beneficial owner of more than 5% of the outstanding shares of common stock, distributed 2,928,128 shares, $.0001 par value per share, to the owners of Inter-Atlantic Advisors, Ltd. as part of the liquidation of Inter-Atlantic Advisors, Ltd.
	On April 15, 2014, the Company issued 39,000 shares by way of common stock held in Treasury at $0.52 a share under the Company’s 2013 Equity Compensation Plan as a stock award to employees of the Company.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Homeowners of America Holding Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Comparability of Prior Year Financial Data, Policy [Policy Text Block]	'
	Restatement of Prior Year Amounts
	In conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 31, 2014, we restated the unaudited Consolidated Statements of Cash Flows for the three months ended March 31, 2013. These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
		Three Months Ended
		March 31, 2013
		As
		Previously				As
		Reported		Adjustment		Restated
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses	$	-6,556	$	2,053,790	$	2,047,234
	Net cash provided by operating activities		116,477		2,053,790		2,170,267
	Cash flows from investing activities
	Purchases of short term investments		-7,264,905		6,990,240		-274,665
	Net cash used in investing activities		-8,880,117		6,990,240		-1,889,877
	Net increase (decrease) in cash and cash equivalents		-8,763,640		9,044,030		280,390
	Cash and cash equivalents, beginning of period		10,194,375		-		10,194,375
	Cash and cash equivalents, end of period	$	1,430,735	$	9,044,030	$	10,474,765
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and cash equivalents
	Cash and cash equivalents include cash and highly liquid short-term investments, with original maturities of three months or less. The amount is carried at cost, which approximates fair value. At March 31, 2014 and December 31, 2013, cash and cash equivalents consist of cash on deposit with financial institutions, as well as money market mutual funds.
	General and other accrued expenses payable as of March 31, 2014 and December 31, 2013, include $1.2 million, respectively, of checks issued in excess of cash book balances, not yet presented for payment.
Investment, Policy [Policy Text Block]	'
	Investments
	The Company’s investments are comprised of short-term and restricted investments as of March 31, 2014 and short-term, restricted, and long-term investments as of December 31, 2013. Restricted investments and long-term investments are described below. Short-term investments include certificates of deposit with original maturities greater than three months and maturities of one year or less. Due to the short-term nature of these investments, significant changes in prevailing interest rates and economic conditions should not adversely affect the timing and amount of cash flows on such investments or their related values. Accordingly, certificates of deposit are carried at cost, which approximates fair value.
	The Company has pledged to the Texas Department of Insurance $2.0 million for the purpose of meeting obligations to policyholders and creditors. Restricted assets are shown separately in the accompanying consolidated balance sheets as “Restricted cash and investments”. Although the Company, with the approval of the Texas Department of Insurance, may exchange the investments with other funds or investments, management intends to hold the portion of these restricted investments in certificates of deposit to their maturity. As such, these restricted certificates of deposit are carried at cost, which approximates fair value. Interest earned on these investments inures to the benefit of the Company.
	The Company has pledged an additional $240,000 to the Nevada Department of Insurance as part of the application process to write business in Nevada.
	As of December 31, 2013, the Company’s investments also included certificates of deposit that mature more than one year after the balance sheet date and are reflected on the consolidated balance sheets as Long-term investments. Based on management’s intent to hold to maturity, this investment is carried at cost. Cost approximates fair value based on the rates currently offered for deposits of similar remaining maturities.
	The Company’s investments in certificates of deposits and money market accounts do not qualify as securities as defined in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 320, Investment – Debt and Equity Securities. Accordingly, the fair value disclosures required by FASB ASC 820, Fair Value Measurements and Disclosures are not provided. Where applicable, the Company assesses investments of an issuer currently carrying a net unrealized loss. If in management’s judgment, the decline in value is other than temporary, the cost of the investment is written down to fair value with a corresponding charge to earnings. Factors considered in determining whether an impairment exists include financial condition, business prospects and creditworthiness of the issuer, the length of time and magnitude that the asset value has been less than cost, and the ability and intent to hold such investments until the fair value recovers.
Comprehensive Income, Policy [Policy Text Block]	'
	Comprehensive Income
	FASB ASC 220 - Comprehensive Income, requires that recognized revenues, expenses, gains and losses be included in net income (loss). Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheet, these items, along with net income (loss), are components of comprehensive income. The Company characterizes their fixed income portfolio as available-for-sale securities, with appropriate adjustments to other comprehensive income. There were no qualifying items reported in comprehensive income for the three months ended March 31, 2014 or 2013.
Revenue Recognition, Policy [Policy Text Block]	'
	Recognition of Premium Revenues
	Premiums are recognized as revenue on a daily pro rata basis over the policy term. The portion of premiums related to the unexpired term of policies in force as of the end of the measurement period and to be earned over the remaining term of those polices, is deferred and reported as unearned premiums.
Ceding Commission [Policy Text Block]	'
	Ceding Commission
	Ceding commissions represent acquisition costs associated with insurance risk ceded to reinsurers and is earned on a pro-rata basis over the life of the associated policy.
Policy Fees [Policy Text Block]	'
	Policy Fees
	Policy fee income includes application fees which are intended to reimburse the Company for a portion of the costs incurred in establishing the insurance. Policy fees on policies where premium is traditionally paid in full upon inception of the policy are recognized when written, while fees charged on policies where premiums are paid in installments, are recognized when collected.
Reinsurance Profit Sharing Installments and Other Income [Policy Text Block]	'
	Reinsurance Profit Sharing, Installment Fees and Other Income
	Reinsurance profit share income is recognized when earned. Installment and other fees associated with the collection of installment premium payments are recognized as income when collected. Reinsurance profit share income for the three months ended March 31, 2014 was 8.9% of total revenue within this classification on the consolidated statements of operations. Loss adjustment fee income for the three months ended March 31, 2013 was 5.1% of total revenue within this classification on the consolidated statements of operations.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Property, Equipment and Software
	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, which range from three to five years. The cost and related accumulated depreciation of assets sold or disposed are removed from the accounts and the resulting gain or loss is included in the consolidated statements of operations. Maintenance and repairs are expensed as incurred.
	Software installation and development is stated at cost, net of accumulated amortization. Amortization is calculated on a straight-line basis method over three years.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Impairment of Long-Lived Assets
	Long-lived assets, such as property, equipment and software, are reviewed for impairment whenever business events or circumstances could lead to or indicate that the value of the asset is in fact may not be recoverable. The assessment of possible impairment is based on whether the carrying amount of the assets exceeds its fair value. The Company uses estimates of undiscounted future cash flows in determining the recoverability of long-lived assets. As of March 31, 2014 and December 31, 2013, no impairment has been recorded.
Commissions, Policy [Policy Text Block]	'
	Deferred Policy and Acquisition Costs
	Deferred policy acquisitions costs (“DAC”) as of March 31, 2014 and December 31, 2013, consist of commissions, premium taxes and policy underwriting and production expenses which are incurred through and vary directly with, the level of production of new and renewal insurance business and are amortized over the terms of the policies they relate to. The method used in calculating DAC limits the amount of the deferred cost to their estimated realizable value, which gives effect to allocating their expense along with other period costs associated with the insurance business, in relation to the amount of gross premium earned on policies to which they relate and investment income. DAC is reviewed to determine if it is recoverable from future income, including investment income. The amount of DAC considered recoverable could be reduced in the near term if estimates of future premium income from their related lines of insurance are revised.
Reserve For Losses and Loss Adjustment Expenses [Policy Text Block]	'
	Reserve for Losses and Loss Adjustment Expenses
	The liability for losses and loss adjustment expenses (“LAE”) are estimates of the amounts required to cover known incurred losses and LAE, developed through the review and assessment of loss reports, along with the development of known claims. In addition, loss and loss adjustment expense reserves include management’s estimate of an amount for losses incurred but not reported (“IBNR”), determined from reviewing overall loss reporting patterns as well as the loss development cycles of individual claim cases. Such liabilities are necessarily based on estimates and while management believes that the amount is adequate, the ultimate liability may be more or less than the amounts provided. The approach and methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in current earnings.
Due and Deferred Premiums [Policy Text Block]	'
	Due and Deferred Premiums
	Due and deferred premiums consist of uncollateralized premiums and agents’ balances in the course of collection as well as premiums booked but not yet due.
Reinsurance Accounting Policy [Policy Text Block]	'
	Reinsurance
	In the normal course of business, the Company seeks to reduce the overall exposure to losses that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk with other insurance enterprises or reinsurers. The Company uses only quality, financially rated reinsurers and continually monitors the financial ratings of these companies through its brokers. The amount and type of reinsurance purchased each year is based on management’s estimate of its probable maximum loss and the conditions within the reinsurance market. The Company continually monitors its risk exposure through the use of the AIR modeling system and other modeling tools provided by its reinsurance brokers. Reinsurance premiums, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums paid for reinsurance are reported as reductions of earned premium income.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss carryforwards, and liabilities are measured using enacted tax rates expected to be recovered or settled.
	The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In assessing the realizable value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment.
Income Tax Uncertainties, Policy [Policy Text Block]	'
	Uncertain Tax Positions
	The Company recognizes uncertain tax positions in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. At March 31, 2014, the Company’s tax years from 2010 through 2013 remain subject to examination.
Use of Estimates, Policy [Policy Text Block]	'
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s primary areas of estimate are for liabilities for unpaid losses and loss adjustment expenses, deferred policy acquisition costs, deferred tax and asset valuation, and reinsurance. Actual results could differ significantly from those estimates.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	The carrying value for the Company’s cash and cash equivalents and short-term investments approximate fair values as of March 31, 2014 and December 31, 2013 due to their short-term nature. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Convertible Notes Payable [Policy Text Block]	'
	Convertible Notes Payable
	The Company accounts for convertible notes payable under FASB ASC Topic 470-20 – Debt with Conversion and Other Options, which requires issuers to assess whether or not an embedded conversion feature is required to be separately accounted for as a derivative liability for liability and equity components and if the conversion feature is beneficial to the holder. See Note 9 on Convertible Notes Payable for additional disclosure.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Stock Based Compensation
	The Company accounts for stock-based compensation under the fair value recognition provisions of FASB ASC Topic 718 –Compensation – Stock Compensation, which requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options and restricted stock issuances based on estimated fair values. In accordance with FASB ASC Topic 718, the Company recognizes stock-based compensation, if any, in the consolidated statements of operations on a straight line basis over the vesting period of the stock award. For those stock awards vesting 100% at the issue date, the Company recognizes stock-based compensation immediately.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings (Loss) Per Share
	Basic earnings (loss) per share of common stock is computed by dividing net income or loss, less cumulative preferred stock dividends for the period whether or not earned or paid, by the weighted-average number of common shares during the period.
	For the three months ended March 31, 2014, the net income attributable to common stockholders was $475,245.
	For the three months ended March 31, 2013, the net income attributable to common stockholders was decreased for cumulative dividends on preferred stock during the period of $357,496.
	Diluted earnings (loss) per share of common stock is computed by dividing net income or loss attributable to common stockholders, adjusted for the effect of potentially dilutive securities, by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include convertible notes payable, outstanding convertible preferred stock and common stock options.
	For the three months ended March 31, 2014, all of the Company’s dilutive securities were included in the computation of diluted earnings per share as dilutive. The total number of dilutive shares of common stock that were included totaled 902,500.
	For the three months ended March 31, 2013, all of the Company’s potentially dilutive securities were excluded from the computation of diluted earnings per share as they were anti-dilutive. The total number of potentially dilutive shares of common stock that were excluded totaled 13,118,125.

ORGANIZATION_AND_SUMMARY_OF_SI2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Restatement To Prior Cash Flow [Table Text Block]	'
	These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
		Three Months Ended
		March 31, 2013
		As
		Previously				As
		Reported		Adjustment		Restated
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses	$	-6,556	$	2,053,790	$	2,047,234
	Net cash provided by operating activities		116,477		2,053,790		2,170,267
	Cash flows from investing activities
	Purchases of short term investments		-7,264,905		6,990,240		-274,665
	Net cash used in investing activities		-8,880,117		6,990,240		-1,889,877
	Net increase (decrease) in cash and cash equivalents		-8,763,640		9,044,030		280,390
	Cash and cash equivalents, beginning of period		10,194,375		-		10,194,375
	Cash and cash equivalents, end of period	$	1,430,735	$	9,044,030	$	10,474,765

INVESTMENTS_Tables

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Investments Schedule [Abstract]	'
Investment Holdings, Schedule of Investments [Table Text Block]	'
	The following table provides the Company’s investment holdings by type of financial instruments that were used to estimate the fair value disclosures for financial instruments:
		March 31, 2014						December 31, 2013
		Book Value			Fair Value /			Book Value			Fair Value /
					Carrying						Carrying
					Value						Value
	Financial Assets:
	Restricted certificates of deposit	$	2,240,000		$	2,240,000		$	785,000		$	785,000
	Restricted cash		-			-			215,000			215,000
	Long-term investments		-			-			1,960,000			1,960,000
	Short-term investments		4,316,294			4,316,294			4,151,011			4,151,011
		$	6,556,294		$	6,556,294		$	7,111,011		$	7,111,011
		March 31, 2014					December 31, 2013
		Range of Maturities		Interest Rates			Range of Maturities		Interest Rates
	Restricted certificates of deposit	Less than 1 year		0.10% - 0.40	%		Less than 1 year		0.10% - 0.25	%
	Restricted cash	Less than 1 year		-			-		-
	Long-term investments	More than 1 year		-			More than 1 year		0.30% - 0.70	%
	Short-term investments	Less than 1 year		0.20% - 1.242	%		Less than 1 year		0.20% - 1.242	%

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Financial Instruments, Owned, at Fair Value [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
	The following tables provide information as of March 31, 2014 and December 31, 2013, about the Company’s financial assets measured at fair value on a recurring basis:
		Fair Value Measurements Using
		Level 1		Level 2		Level 3		Total
	As of March 31, 2014
	Money market mutual funds	$	8,029,553	$	-	$	-	$	8,029,553
	Total	$	8,029,553	$	-	$	-	$	8,029,553
		Fair Value Measurements Using
		Level 1		Level 2		Level 3		Total
	As of December 31, 2013
	Money market mutual funds	$	5,903,478	$	-	$	-	$	5,903,478
	Total	$	5,903,478	$	-	$	-	$	5,903,478

PROPERTY_EQUIPMENT_AND_SOFTWAR1

PROPERTY, EQUIPMENT, AND SOFTWARE NET (Tables)	3 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, equipment, and software net consist of the following as of March 31, 2014 and December 31, 2013, respectively:
		March 31,		December 31,
		2014		2013		Useful Life
	Computer equipment	$	225,004	$	222,225	3 years
	Office equipment	$	13,999		13,999	5 years
	Furniture and fixtures	$	106,524		106,524	5 years
	Software installation and development	$	759,783		750,200	3 years
	Total, at cost		1,105,310		1,092,948
	Less accumulated depreciation and amortization		-875,727		-848,432
	Property and equipment, net	$	229,583	$	244,516

DEFERRED_POLICY_ACQUISION_COST1

DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS (Tables)	3 Months Ended
	Mar. 31, 2014
Deferred Policy Acquisition Costs Disclosures [Abstract]	'
Deferred Policy Acquisition Costs and Ceding Commissions [Table Text Block]	'
	Changes in deferred policy acquisition costs for the three months ended March 31, 2014 and March 31, 2013, are as follows:
		March 31,		March 31,
		2014		2013
	Deferred policy acquisition charges, beginning of the period	$	6,214,334	$	5,274,515
	Capitalized costs		2,834,495		2,232,767
	Amortized costs		-2,832,776		-2,364,917
	Deferred policy acquisition charges, end of the period	$	6,216,053	$	5,142,365
Schedule Of Changes In Deferred Ceding Commissions [Table Text Block]	'
	Changes in deferred ceding commissions for the three months ended March 31, 2014 and March 31, 2013 are as follows:
		March 31,		March 31,
		2014		2013
	Deferred ceding commission, beginning of the period	$	-	$	683,914
	Capitalized commissions		-		3,025,410
	Amortized commissions		-		-3,025,410
	Deferred ceding commission, end of the period	$	-	$	683,914

UNPAID_LOSSES_AND_LOSS_ADJUSTM1

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2014
Supplementary Insurance Information [Abstract]	'
Liability for Unpaid Claims Adjustment Expense by Expense Type [Table Text Block]	'
	The following table provides the reconciliation of the beginning and ending reserve balances for losses and LAE, gross of reinsurance for the three months ended March 31, 2014 and for March 31, 2013:
		Three Months Ended
		March 31,
		2014		2013
	Reserve for losses and LAE, beginning of period	$	15,884,062	$	11,641,296
	Reinsurance recoverables on losses and LAE		-15,090,175		-10,618,032
	Reserve for losses and LAE, net of reinsurance recoverables at beginning of year		793,887		1,023,264
	Add provision for claims and LAE occurring in:
	Current year		98,976		620,417
	Prior years		252,000		-88,000
	Net incurred losses and LAE during the current period		350,976		532,417
	Deduct payments for claims and LAE occuring in:
	Current year		167,599		297,000
	Prior years		222,628		262,151
	Net claim and LAE payments during the current period		390,227		559,151
	Reserve for losses and LAE, net of reinsurance recoverables, at end of period		754,636		996,530
	Reinsurance recoverables on losses and LAE		16,707,683		12,095,774
	Reserve for losses and LAE, end of period	$	17,462,319	$	13,092,304

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	A summary of the activity of the Company’s stock option plan for the three months ended March 31, 2014 and March 31, 2013 is as follows:
		Number of			Weighted Avg			Weighted Avg			Aggregate
		Options			Exercise Price			Remaining Cont.			Intrinsic Value
								Term			(in thousands)
	Outstanding at December 31, 2013		2,708,750		$	0.58			8.41		$	4
	Outstanding at March 31, 2014		2,708,750			0.58			8.16		$	21
	Exercisable at March 31, 2014		902,500			0.7			5.55		$	6
	Outstanding at December 31, 2012		783,750		$	0.78			5.91		$	-
	Outstanding at March 31, 2013		783,750			0.78			5.66		$	-
	Exercisable at March 31, 2013		618,125			0.76			5.17		$	-
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	'
	The Company recognized compensation expense as follows for the three months ended March 31:
			Three Months Ended
			March 31,
			2014			2013
	Total gross compensation expense		$	35,465	-1		-
	Total tax benefit associated with compensation expense			-7,163			-
	Total net compensation expense		$	28,302			-
		-1	Represents 1,925,000 stock options granted in October 2013, of which 200,000 options vested immediately and 1,725,000 vesting annually over a period of 5 years.
Schedule Of Future Compensation Expense [Table Text Block]	'
	As of March 31, 2014, the Company expects to record compensation expense in the future as follows:
			Nine
			months
			ending			Year ending December 31,
			December 31, 2014			2015			2016			2017		2018
	Total gross unrecognized compensation expense		$	26,109		$	34,812		$	34,812		$	34,812	$	28,229
	Tax benefit associated with unrecognized compensation expense			-515			-686			-686			-686		-556
	Total net unrecognized compensation expense		$	25,594		$	34,126		$	34,126		$	34,126	$	27,673

REINSURANCE_Tables

REINSURANCE (Tables)	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Schedule Of Effects Of Reinsurance On Premiums Written and Earned [Table Text Block]	'
	The effects of reinsurance on premiums written and earned were as follows, for the three months ended March 31, 2014 and March 31, 2013:
		March 31, 2014				March 31, 2013
		Written		Earned		Written		Earned
	Direct premiums	$	14,428,945	$	14,444,123	$	11,776,925	$	12,510,863
	Ceded premiums		-12,883,015		-13,146,456		-10,452,707		-11,406,965
	Net Premiums	$	1,545,930	$	1,297,667	$	1,324,218	$	1,103,898
Summary Of Reinsurance Balance [Table Text Block]	'
	Following is a summary of HAIC’s reinsurance balances under the above described reinsurance treaties as of and for the three months ended March 31, 2014 and December 31, 2013:
		March 31, 2014		December 31, 2013
	Ceded premiums payable	$	9,216,262	$	3,271,858
	Ceded loss adjustment expenses		956,055		4,424,649
	Ceded loss and loss adjustment expense reserve		16,707,683		15,090,175
	Ceded unearned premium reserve		27,910,486		27,924,037
	Ceded earned premiums		13,146,456		48,422,943

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Future minimum lease payments required under the non-cancelable operating leases are as follows for the years ending December 31:
	2014        (9 months)	$	124,470
	2015		151,911
	2016		158,017
	2017		74,592
	2018		5,496
		$	514,486

ORGANIZATION_AND_SUMMARY_OF_SI3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Cash flows from operating activities	'
General and other accrued expenses	$2,047,234
Net cash provided by operating activities	2,170,267
Cash flows from investing activities	'
Purchases of short term investments	-274,665
Net cash used in investing activities	-1,889,877
Net increase (decrease) in cash and cash equivalents	280,390
Cash and cash equivalents, beginning of period	10,194,375
Cash and cash equivalents, end of period	10,474,765
Scenario, Previously Reported [Member]	'
Cash flows from operating activities	'
General and other accrued expenses	-6,556
Net cash provided by operating activities	116,477
Cash flows from investing activities	'
Purchases of short term investments	-7,264,905
Net cash used in investing activities	-8,880,117
Net increase (decrease) in cash and cash equivalents	-8,763,640
Cash and cash equivalents, beginning of period	10,194,375
Cash and cash equivalents, end of period	1,430,735
Restatement Adjustment [Member]	'
Cash flows from operating activities	'
General and other accrued expenses	2,053,790
Net cash provided by operating activities	2,053,790
Cash flows from investing activities	'
Purchases of short term investments	6,990,240
Net cash used in investing activities	6,990,240
Net increase (decrease) in cash and cash equivalents	9,044,030
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	$9,044,030

ORGANIZATION_AND_SUMMARY_OF_SI4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Certificates of Deposit, at Carrying Value	$2,000,000	'	'
Percentage Of Settlement With Tax Authority	50.00%	'	'
Reinsurance Profit Sharing Installments And Other Income Percentage	8.90%	5.10%	'
Net income attributable to common stockholders	475,245	-91,799	'
Cumulative preferred stock dividends	0	357,496	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	902,500	13,118,125	'
Checks issued in excess of cash book balances not yet presented for payment	1,200,000	'	1,200,000
Maximum [Member]	'	'	'
Certificates of Deposit, at Carrying Value	$240,000	'	'
Homeowners Of America Insurance Company [Member]	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	'	'
Homeowners Of America Mga Inc [Member]	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	'	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Policy fees	$1,126,725	$977,651
General Insurance Expense	1,523,107	1,213,862
Maximum [Member]	'	'
Policy fees	75	'
Minimum [Member]	'	'
Policy fees	$50	'

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Financial Assets Book Value	$6,556,294	$7,111,011
Financial Assets Fair Value / Carrying Value	6,556,294	7,111,011
Restricted Certificates Of Deposit [Member]	'	'
Financial Assets Book Value	2,240,000	785,000
Financial Assets Fair Value / Carrying Value	2,240,000	785,000
Range of Maturities	'Less than 1 year	'Less than 1 year
Restricted Certificates Of Deposit [Member] | Maximum [Member]	'	'
Interest Rates	0.40%	0.25%
Restricted Certificates Of Deposit [Member] | Minimum [Member]	'	'
Interest Rates	0.10%	0.10%
Restricted cash [Member]	'	'
Financial Assets Book Value	0	215,000
Financial Assets Fair Value / Carrying Value	0	215,000
Range of Maturities	'Less than 1 year	'-
Long-term investments [Member]	'	'
Financial Assets Book Value	0	1,960,000
Financial Assets Fair Value / Carrying Value	0	1,960,000
Range of Maturities	'More than 1 year	'More than 1 year
Long-term investments [Member] | Maximum [Member]	'	'
Interest Rates	'	0.70%
Long-term investments [Member] | Minimum [Member]	'	'
Interest Rates	'	0.30%
Short-term investments [Member]	'	'
Financial Assets Book Value	4,316,294	4,151,011
Financial Assets Fair Value / Carrying Value	$4,316,294	$4,151,011
Range of Maturities	'Less than 1 year	'Less than 1 year
Short-term investments [Member] | Maximum [Member]	'	'
Interest Rates	1.24%	1.24%
Short-term investments [Member] | Minimum [Member]	'	'
Interest Rates	0.20%	0.20%

INVESTMENTS_Details_Textual

INVESTMENTS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Investment Income, Net	$7,447	$11,316

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Money market mutual funds, Total	$8,029,553	$5,903,478
Money market mutual funds [Member]	'	'
Money market mutual funds, Total	8,029,553	5,903,478
Fair Value, Inputs, Level 1 [Member]	'	'
Money market mutual funds, Total	8,029,553	5,903,478
Fair Value, Inputs, Level 1 [Member] | Money market mutual funds [Member]	'	'
Money market mutual funds, Total	8,029,553	5,903,478
Fair Value, Inputs, Level 2 [Member]	'	'
Money market mutual funds, Total	0	0
Fair Value, Inputs, Level 2 [Member] | Money market mutual funds [Member]	'	'
Money market mutual funds, Total	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Money market mutual funds, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Money market mutual funds [Member]	'	'
Money market mutual funds, Total	$0	$0

PROPERTY_EQUIPMENT_AND_SOFTWAR2

PROPERTY, EQUIPMENT, AND SOFTWARE NET (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Total, at cost	$1,105,310	$1,092,948
Less accumulated depreciation and amortization	-875,727	-848,432
Property and equipment, net	229,583	244,516
Computer equipment [Member]	'	'
Total, at cost	225,004	222,225
Property, Plant and Equipment, Useful Life	'3 years	'3 years
Office equipment [Member]	'	'
Total, at cost	13,999	13,999
Property, Plant and Equipment, Useful Life	'5 years	'5 years
Furniture and fixtures [Member]	'	'
Total, at cost	106,524	106,524
Property, Plant and Equipment, Useful Life	'5 years	'5 years
Software installation and development [Member]	'	'
Total, at cost	$759,783	$750,200
Property, Plant and Equipment, Useful Life	'3 years	'3 years

PROPERTY_EQUIPMENT_AND_SOFTWAR3

PROPERTY, EQUIPMENT, AND SOFTWARE NET (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Depreciation, Amortization and Accretion, Net	$27,295	$19,854

DEFERRED_POLICY_ACQUISION_COST2

DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Deferred policy acquisition charges, end of the period	$6,216,053	$5,142,365
Deferred Policy Acquisition Costs [Member]	'	'
Deferred policy acquisition charges, beginning of the period	6,214,334	5,274,515
Capitalized costs	2,834,495	2,232,767
Amortized costs	-2,832,776	-2,364,917
Deferred policy acquisition charges, end of the period	$6,216,053	$5,142,365

DEFERRED_POLICY_ACQUISION_COST3

DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Deferred ceding commission, end of the period	$0	$683,914
Deferred Ceding Commissions [Member]	'	'
Deferred ceding commission, beginning of the period	0	683,914
Capitalized commissions	0	3,025,410
Amortized commissions	0	-3,025,410
Deferred ceding commission, end of the period	$0	$683,914

DEFERRED_POLICY_ACQUISION_COST4

DEFERRED POLICY ACQUISION COSTS AND CEDING COMMISSIONS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Deferred Policy Acquisition Costs, Net	$6,216,053	$5,142,365
Deferred Ceding Commissions Net	0	683,914
Deferred Policy Acquisition Costs, Period Increase (Decrease)	$683,914	'

UNPAID_LOSSES_AND_LOSS_ADJUSTM2

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Reserve for losses and LAE, beginning of period	$15,884,062	$11,641,296
Reinsurance recoverables on losses and LAE	-15,090,175	-10,618,032
Reserve for losses and LAE, net of reinsurance recoverables at beginning of year	793,887	1,023,264
Add provision for claims and LAE occurring in:	'	'
Current year	98,976	620,417
Prior years	252,000	-88,000
Net incurred losses and LAE during the current period	350,976	532,417
Deduct payments for claims and LAE occuring in:	'	'
Current year	167,599	297,000
Prior years	222,628	262,151
Net claim and LAE payments during the current period	390,227	559,151
Reserve for losses and LAE, net of reinsurance recoverables, at end of period	754,636	996,530
Reinsurance recoverables on losses and LAE	16,707,683	12,095,774
Reserve for losses and LAE, end of period	$17,462,319	$13,092,304

UNPAID_LOSSES_AND_LOSS_ADJUSTM3

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims, Prior Years	$252,000	($88,000)

CONVERTIBLE_NOTES_PAYABLE_Deta

CONVERTIBLE NOTES PAYABLE (Details Textual) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
			Inter-Atlantic Fund, L.P [Member]	Phoenix Associates, Inc [Member]
Convertible Notes Payable, Total	'	'	$950,000	$50,000
Debt Instrument, Interest Rate, Stated Percentage	'	10.00%	'	'
Debt Instrument Interest Rate On Default	'	12.50%	'	'
Interest Expense, Debt, Total	$24,658	'	'	'
Debt Conversion, Converted Instrument, Shares Issued	'	'	2,306,152	124,988

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 01, 2014	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Common Stock, Shares Authorized	'	40,000,000	'	40,000,000
Common Stock, Shares, Issued	288,462	17,469,602	'	17,181,140
Common Stock, Shares, Outstanding	'	16,119,602	'	15,831,140
Common Stock, Par or Stated Value Per Share	$0.52	$0.00	'	$0.00
Common Stock, Voting Rights	'	'one (1) vote for each share of common stock held	'	'one (1) vote for each share of common stock held
Preferred Stock, Shares Authorized	'	20,500,000	'	20,500,000
Equity Method Investment, Ownership Percentage	'	'	'	5.00%
Preferred Stock Convertible Cumulative Percentage	'	12.50%	'	12.50%
Preferred Stock, Par or Stated Value Per Share	'	$0.00	'	$0.00
Common Stock Compensation For Management Services	$150,000	$150,000	$0	'

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Number Of Options, Outstanding, Beginning Balance (in shares)	2,708,750	783,750	783,750	'
Numberof Options, Outstanding, Ending Balance (in shares)	2,708,750	783,750	2,708,750	783,750
Number of Options, Exercisable (in shares)	902,500	618,125	'	'
Weighted Average Exercise Price, Outstanding, Beginning Balance (in dollars per shares)	$0.58	$0.78	$0.78	'
Weighted Average Exercise Price, Outstanding, Ending Balance (in dollars per shares)	$0.58	$0.78	$0.58	$0.78
Weighted Average Exercise Price, Exercisable	$0.70	$0.76	'	'
Weighted Average Remaining Contractual Term, Outstanding	'8 years 1 month 28 days	'5 years 7 months 28 days	'8 years 4 months 28 days	'5 years 10 months 28 days
Weighted Average Remaining Contractual Term, Exercisable	'5 years 6 months 18 days	'5 years 2 months 1 day	'	'
Aggregate Intrinsic Value, Outstanding (in dollars)	$4	$0	$0	'
Aggregate Intrinsic Value, Outstanding (in dollars)	21	0	4	0
Aggregate Intrinsic Value, Outstanding Exercisable	$6	$0	'	'

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Total gross compensation expense	$35,465	[1]	$0
Total tax benefit associated with compensation expense	-7,163		0
Total net compensation expense	$28,302		$0
[1]	Represents 1,925,000 stock options granted in October 2013, of which 200,000 options vested immediately and 1,725,000 vesting annually over a period of 5 years.

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 2) (USD $)	Mar. 31, 2014
Total gross unrecognized compensation expense, Nine months ending December 31,2014	$26,109
Tax benefit associated with unrecognized compensation expense, Nine months ending December 31,2014	-515
Total net unrecognized compensation expense, Nine months ending December 31,2014	25,594
Total gross unrecognized compensation expense, Year ending December 31, 2015	34,812
Tax benefit associated with unrecognized compensation expense,Year ending December 31, 2015	-686
Total net unrecognized compensation expense, Year ending December 31, 2015	34,126
Total gross unrecognized compensation expense, Year ending December 31, 2016	34,812
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2016	-686
Total net unrecognized compensation expense, Year ending December 31, 2016	34,126
Total gross unrecognized compensation expense, Year ending December 31, 2017	34,812
Tax benefit associated with unrecognized compensation expense,Year ending December 31, 2017	-686
Total net unrecognized compensation expense, Year ending December 31, 2017	34,126
Total gross unrecognized compensation expense, Year ending December 31, 2018	28,229
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2018	-556
Total net unrecognized compensation expense, Year ending December 31, 2018	$27,673

STOCK_BASED_COMPENSATION_Detai3

STOCK BASED COMPENSATION (Details Textual)	1 Months Ended	3 Months Ended
	Oct. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
		2005 Management Incentive Plan [Member]	2005 Management Incentive Plan [Member]	2013 Equity Compensation Plan [Member]	2013 Equity Compensation Plan [Member]
					Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee	'	789,475	783,750	1,925,000	2,925,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'5 years	'	'	'	'
Stock Issued During Period, Shares, Share-based Compensation, Gross	1,925,000	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	200,000	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Annually	1,725,000	'	'	'	'

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Expense (Benefit)	$255,912	$147,370
Income tax rate	34.25%	34.50%

REINSURANCE_Details

REINSURANCE (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Direct premiums, Written	$14,428,945	$11,776,925
Ceded premiums, Written	-12,883,015	-10,452,707
Net Premiums, Written	1,545,930	1,324,218
Direct premiums, Earned	14,444,123	12,510,863
Ceded premiums, Earned	-13,146,456	-11,406,965
Net premiums earned	$1,297,667	$1,103,898

REINSURANCE_Details_1

REINSURANCE (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Ceded premiums payable	$9,216,262	$3,271,858
Ceded loss adjustment expenses	956,055	4,424,649
Ceded loss and loss adjustment expense reserve	16,707,683	15,090,175
Ceded unearned premium reserve	27,910,486	27,924,037
Ceded earned premiums	$13,146,456	$48,422,943

REINSURANCE_Details_Textual

REINSURANCE (Details Textual) (USD $)	12 Months Ended				3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2012	Mar. 31, 2014	Mar. 31, 2013
					Non-Weather Losse [Member]	Property Catastrophe Treaties [Member]	Property Catastrophe Treaties [Member]	Maximum [Member]	Minimum [Member]
Contracts in Force Subject to Participation Through Reinsurance, Percentage	90.00%	90.00%	'	'	'	'	'	'	'
Reinsurance recoverables on losses and LAE	$53,478,327	'	'	$46,281,756	'	'	'	$80,000,000	$60,000,000
Liability for Claims and Claims Adjustment Expense, Property Casualty Liability	'	'	'	'	500,000	76,000,000	62,000,000	'	'
Net Retention Amount Under Reinsurance Liability	4,000,000	'	3,000,000	'	50,000	'	'	'	'
Retention Payable, Total	$400,000	$300,000	'	'	'	'	'	'	'

CONCENTRATION_OF_CREDIT_RISK_D

CONCENTRATION OF CREDIT RISK (Details Textual) (USD $)	Dec. 31, 2012
Cash, FDIC Insured Amount	$250,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Mar. 31, 2014
2014	$124,470
2015	151,911
2016	158,017
2017	74,592
2018	5,496
Operating Leases, Future Minimum Payments Due	$514,486

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Leases, Rent Expense	$31,573	$28,426

REGULATORY_REQUIREMENTS_AND_RE1

REGULATORY REQUIREMENTS AND RESTRICTIONS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Description of Regulatory Capital Requirements under Insurance Regulations	'minimum of $2.5 million in capital stock and $2.5 million in surplus	'
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$9,665,821	$8,963,573
Statutory Accounting Practices Statutory Capital Balance	3,000,000	2,500,000
Statutory Accounting Practices Statutory Surplus Balance	6,665,821	6,463,573
Assets Held by Insurance Regulators	240,000	'
Statutory Accounting Practices, Future Dividend Payments Restrictions	'The maximum dividend that may be paid without approval of the Insurance Commissioner is limited to the greater of 10% of the statutory surplus at the end of the preceding calendar year or the statutory net income of the preceding calendar year	'
Restricted Cash and Investments, Current, Total	$2,000,000	$1,000,000

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	Mar. 31, 2014	Feb. 01, 2014	Dec. 31, 2013	Apr. 15, 2014	Apr. 24, 2014
				Subsequent Event [Member]	Subsequent Event [Member]
					Inter-Atlantic Management, Inc [Member]
Equity Method Investment, Ownership Percentage	'	'	5.00%	'	5.00%
Common Stock, Shares, Issued	17,469,602	288,462	17,181,140	'	2,928,128
Common Stock, Par or Stated Value Per Share	$0.00	$0.52	$0.00	'	$0.00
Treasury Stock, Number of Shares Held	'	'	'	39,000	'
Treasury Stock Issued Par Or Stated Value Per Share	'	'	'	$0.52	'