Note 3 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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

	June 30, 2017
	Total		Level 1		Level 2		Level 3
Available for sale:	(unaudited)
Fixed maturities:
US Treasury securities	$	251,602	$	251,602	$	-	$	-
Corporate bonds		4,063,998		-		4,063,998		-
Municipal bonds		4,260,617		-		4,260,617		-
Mortgage backed and asset backed securities		2,512,119		-		2,512,119		-
Total fixed maturities		11,088,336		251,602		10,836,734		-
Equities:
Equities		7,087,626		7,087,626		-		-
Other equity investments		132,860		132,860		-		-
Total equities		7,220,486		7,220,486		-		-
Total	$	18,308,822	$	7,472,088	$	10,836,734	$	-

	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]

	June 30, 2017				December 31, 2016
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:	(unaudited)
Cash and cash equivalents	$	1,728,857	$	1,728,857	$	3,145,745	$	3,145,745
Investments, at fair value		18,308,822		18,308,822		15,463,578		15,463,578
Total Financial Assets	$	20,037,679	$	20,037,679	$	18,609,323	$	18,609,323
Financial Liabilities:
Policyholder deposits in deposit-type contracts	$	4,191,021	$	4,099,186	$	3,398,170	$	3,260,086
Total Financial Liabilities	$	4,191,021	$	4,099,186	$	3,398,170	$	3,260,086