Note 5 - Investments

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

5. INVESTMENTS

In September 2021, the Company liquidated its entire investment in fixed income securities and equity securities to fund its commitment under the C&F Commutation Agreement (as defined below). Information on sales and maturity of investments and net unrealized gains (losses) on equity investments during the six months ended June 30, 2022 and 2021 are as follows:

	June 30, 2022		June 30, 2021
Total proceeds on sales of available-for-sale securities	$	—	$	—
Proceeds from redemptions of fixed maturity investments		—		603,125
Total proceeds from maturities of fixed maturity investments		—		2,336,000
Gross gains on sales		—		—
Gross losses on sales		—		—
Net unrealized gains on equity investments		—		82,081
Total	$	—	$	82,081

Information on sales and maturity of investments and net unrealized gains (losses) on equity investments during the three months ended June 30, 2022 and 2021 are as follows:

	June 30, 2022		June 30, 2021
Total proceeds on sales of available-for-sale securities	$	—	$	—
Proceeds from redemptions of fixed maturity investments		—		3,125
Total proceeds from maturities of fixed maturity investments		—		1,346,000
Gross gains on sales		—		—
Gross losses on sales		—		—
Net unrealized gains on equity investments		—		51,533
Total	$	—	$	51,523

Net Investment Income

Major categories of net investment income during the six months ended June 30, 2022 and 2021 are summarized as follows:

	June 30, 2022		June 30, 2021
Interest earned:
Fixed maturity investments	$	—	$	168,189
Short term investments and cash and cash equivalents		52		4,272
Dividends earned		—		6,789
Investment expenses		—		(32,519	)
Net investment income	$	52	$	146,731

Major categories of net investment income during the three months ended June 30, 2022 and 2021 are summarized as follows:

	June 30, 2022		June 30, 2021
Interest earned:
Fixed maturity investments	$	—	$	83,151
Short term investments and cash and cash equivalents		21		3,383
Dividends earned		—		7,008
Investment expenses		—		(17,800	)
Net investment income	$	21	$	75,742