Note 3 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Notes Tables

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

	March 31, 2017
	Total		Level 1		Level 2		Level 3
Available for sale:				(unaudited)
Fixed maturities:
US Treasury securities	$	302,583	$	302,583	$	-	$	-
Corporate bonds		4,452,716		-		4,452,716		-
Municipal bonds		3,656,990		-		3,656,990		-
Mortgage backed and asset backed securities		3,276,167		-		3,276,167		-
Total fixed maturities		11,688,456		302,583		11,385,873		-
Equities:
Equities		5,135,423		5,135,423		-		-
Other equity investments		331,683		331,683		-		-
Total equities		5,467,106		5,467,106		-		-
Total	$	17,155,562	$	5,769,689	$	11,385,873	$	-

	December 31, 2016
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	299,162	$	299,162	$	-	$	-
Corporate bonds		3,845,896		-		3,845,896		-
Municipal bonds		2,849,829		-		2,849,829		-
Mortgage backed and asset backed securities		3,325,187		-		3,325,187		-
Total fixed maturities		10,320,074		299,162		10,020,912		-
Equities:
Equities		4,942,248		4,942,248		-		-
Other equity investments		201,256		201,256		-		-
Total equities		5,143,504		5,143,504		-		-
Total	$	15,463,578	$	5,442,666	$	10,020,912	$	-

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

	March 31, 2017				December 31, 2016
	(unaudited)
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and cash equivalents	$	2,177,660	$	2,177,660	$	3,145,745	$	3,145,745
Investments, at fair value		17,155,562		17,155,562		15,463,578		15,463,578
Total Financial Assets	$	19,333,222	$	19,333,222	$	18,609,323	$	18,609,323
Financial Liabilities:
Policyholder deposits in deposit-type contracts	$	3,856,221	$	3,795,307	$	3,398,170	$	3,260,086
Total Financial Liabilities	$	3,856,221	$	3,795,307	$	3,398,170	$	3,260,086