Note 3 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	June 30, 2016 (unaudited)
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	314,850	$	314,850	$	-	$	-
Corporate bonds		3,036,388		-		3,036,388		-
Municipal bonds		2,714,017		-		2,714,017		-
Mortgage backed and asset backed securities		3,690,008		-		3,690,008		-
Total fixed maturities		9,755,263		314,850		9,440,413		-
Equities:
Equities		4,203,541		4,203,541		-		-
Other equity investments		213,846		213,846		-		-
Total equities		4,417,387		4,417,387		-		-
Total	$	14,172,650	$	4,732,237	$	9,440,413	$	-

	Decmeber 31, 2015
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	426,316	$	426,316	$	-	$	-
Corporate bonds		2,911,553		-		2,911,553		-
Municipal bonds		1,744,137		-		1,744,137		-
Mortgage backed and asset backed securities		3,049,113		-		3,049,113		-
Total fixed maturities		8,131,119		426,316		7,704,803		-
Equities:
Equities		3,430,054		3,430,054		-		-
Other equity investments		174,214		174,214		-		-
Total equities		3,604,268		3,604,268		-		-
Total	$	11,735,387	$	4,030,584	$	7,704,803	$	-

Fair Value, by Balance Sheet Grouping [Table Text Block]

	June 30, 2016				December 31, 2015
	(unaudited)
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and cash equivalents	$	3,535,682	$	3,535,682	$	2,466,526	$	2,466,526
Investments, at fair value		14,172,650		14,172,650		11,735,387		11,735,387
Total Financial Assets	$	17,708,332	$	17,708,332	$	14,201,913	$	14,201,913
Financial Liabilities:
Policyholder deposits in deposit-type contracts	$	2,402,115	$	2,406,919	$	1,573,988	$	1,406,724
Total Financial Liabilities	$	2,402,115	$	2,406,919	$	1,573,988	$	1,406,724