Note 4 - Investments

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

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

4. INVESTMENTS

Information on sales and maturities of investments during the twelve months ended December 31, 2022 and 2021 are as follows:

	2022		2021
Total proceeds on sales of available-for-sale securities	$	—	$	1,684,014
Total proceeds from redemptions of fixed maturity investments		—		21,650,652
Total proceeds from maturities of fixed maturity investments		—		2,336,000
Gross gains on sales		—		499,859
Gross losses on sales		—		(72,926	)
Total	$	—	$	426,933

Major categories of net interest and dividend income are summarized as follows:

	2022		2021
Interest earned:
Fixed maturity investments	$	—	$	235,090
Short term investments and cash and cash equivalents		8,517		7,637
Dividends earned		—		13,508
Investment expenses		—		(50,384	)
Net investment income	$	8,517	$	205,851