CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 5,708,402	$ 5,648,278
Short-term investments	9,105,000	1,231,881
Restricted cash and investments	2,760,038	3,790,000
Restricted fixed-maturity securities, available-for-sale, at fair value (amortized cost $539,735 as of December 31, 2015 and $539,558 as of December 31, 2014)	539,472	539,654
Fixed-maturity securities, available-for-sale, at fair value (amortized cost $3,655,617 as of December 31, 2015 and $3,827,268 as of December 31, 2014)	3,670,587	3,827,245
Long-term investments	9,265,000	3,430,000
Accrued investment income	74,534	55,908
Due and deferred premiums	6,849,932	5,089,131
Balance due from reinsurers	77,825,489	54,157,528
Property, equipment and software, net	259,883	344,495
Deferred policy acquisition costs	10,548,203	7,897,806
Prepaid expenses and other	724,159	552,728
Deferred tax assets, net	2,316,545	1,517,935
Total assets	129,647,244	88,082,589
Liabilities:
Loss and loss adjustment expenses	27,972,037	15,009,506
Advance premiums	165,263	74,172
Ceded reinsurance premiums payable	6,101,956	4,342,874
Unearned premiums	54,119,100	40,021,934
Unearned ceding commissions	15,820,781	11,200,317
Commissions payable, reinsurers and agents	3,993,599	3,754,929
General and other accrued expenses payable	5,190,181	2,232,547
Funds held under reinsurance treaty	229,798	0
Income tax payable	37,680	0
Taxes, licenses and other fees payable	1,095,186	765,782
Total liabilities	114,725,581	77,402,061
Stockholders' equity:
Common stock, $0.0001 par value per share; 40,000,000 shares authorized; 17,708,125 shares issued and 16,400,125 shares outstanding as of December 31, 2015 and 17,479,852 shares issued and 16,168,852 shares outstanding as of December 31, 2014	1,640	1,617
Treasury stock, $0.0001 par value per share; 1,308,000 common shares as of December 31, 2015 and 1,311,000 common shares as of December 31, 2014	(131)	(131)
Additional paid-in-capital	6,396,936	6,209,265
Accumulated other comprehensive income	14,707	73
Retained earnings	8,508,511	4,469,704
Total stockholders' equity	14,921,663	10,680,528
Total liabilities and stockholders' equity	$ 129,647,244	$ 88,082,589

Homeowners of America Holding Corp 10-K