Note 3 - Investments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Available-for-sale Securities [Table Text Block]

	December 31, 2019
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	608,477	$	24,162	$	-		$	632,639
Corporate bonds		18,407,211		1,697,265		(20,079	)		20,084,397
Municipal bonds		6,538,883		518,059		(1,883	)		7,055,059
Redeemable preferred stock		2,097,206		36,687		-			2,133,893
Mortgage backed and asset backed securities		3,171,620		77,593		(2,309	)		3,246,904
Total fixed maturities		30,823,397		2,353,766		(24,271	)		33,152,892
Equities:
Common stock		9,064,262		239,490		(89,058	)		9,214,694
Preferred stock		918,688		8,121		-			926,809
Total equities		9,982,950		247,611		(89,058	)		10,141,503
Total available for sale	$	40,806,347	$	2,601,377	$	(113,329	)	$	43,294,395

	December 31, 2018
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	597,265	$	-	$	(27,325	)	$	569,940
Corporate bonds		16,847,623		43,051		(1,048,313	)		15,842,361
Municipal bonds		6,559,854		118,890		(80,631	)		6,598,113
Redeemable preferred stock		211,313		-		(18,909	)		192,404
Mortgage backed and asset backed securities		3,853,395		11,425		(83,835	)		3,780,985
Total fixed maturities		28,069,450		173,366		(1,259,013	)		26,983,803
Equities:
Common stock		11,808,771		31,505		(1,104,341	)		10,735,935
Preferred stock		175,964		-		(25,924	)		150,040
Total equities		11,984,735		31,505		(1,130,265	)		10,885,975
Total available for sale	$	40,054,185	$	204,871	$	(2,389,278	)	$	37,869,778

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of December 31, 2019				As of December 31, 2018
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:
One year or less	$	99,987	$	100,239	$	-	$	-
After one year through five years		1,424,337		1,471,552		1,472,228		1,462,745
After five years through ten years		3,286,937		3,574,191		2,101,676		2,055,173
More than 10 years		20,743,310		22,626,113		20,430,838		19,492,496
Redeemable preferred stocks		2,097,206		2,133,893		211,313		192,404
Mortgage backed and asset backed securities		3,171,620		3,246,904		3,853,395		3,780,985
Total amortized cost and fair value	$	30,823,397	$	33,152,892	$	28,069,450	$	26,983,803

Realized Gain (Loss) on Investments [Table Text Block]

	Years Ended December 31,
	2019			2018
Gross gains	$	43,935		$	530
Gross losses		(258,370	)		(5,029	)
Net security losses	$	(214,435	)	$	(4,499	)

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2019
Available for sale:
Fixed maturities:
Corporate bonds	$	967,848	$	(20,079	)	$	-	$	-		$	967,848	$	(20,079	)
Municipal bonds		46,646		(1,883	)		-		-			46,646		(1,883	)
Mortgage backed and asset backed securities		-		-			296,576		(2,309	)		296,576		(2,309	)
Total fixed maturities		1,014,494		(21,962	)		296,576		(2,309	)		1,311,070		(24,271	)
Equities:
Common stock		68,789		(6,920	)		3,174,847		(82,138	)		3,243,636		(89,058	)
Total equities		68,789		(6,920	)		3,174,847		(82,138	)		3,243,636		(89,058	)
Total available for sale	$	1,083,283	$	(28,882	)	$	3,471,423	$	(84,447	)	$	4,554,706	$	(113,329	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2018
Available for sale:
Fixed maturities:
US Treasury securities	$	251,206	$	(27,325	)	$	-	$	-		$	251,206	$	(27,325	)
Corporate bonds		11,743,222		(948,539	)		830,239		(99,774	)		12,573,461		(1,048,313	)
Municipal bonds		2,114,260		(51,267	)		859,305		(29,364	)		2,973,565		(80,631	)
Redeemable preferred stock		90,840		(8,720	)		101,564		(10,189	)		192,404		(18,909	)
Mortgage backed and asset backed securities		544,714		(6,656	)		2,448,551		(77,179	)		2,993,265		(83,835	)
Total fixed maturities		14,744,242		(1,042,507	)		4,239,659		(216,506	)		18,983,901		(1,259,013	)
Equities:
Common stock		3,312,528		(228,148	)		7,188,900		(876,193	)		10,501,428		(1,104,341	)
Preferred stock		-		-			150,040		(25,924	)		150,040		(25,924	)
Total equities		3,312,528		(228,148	)		7,338,940		(902,117	)		10,651,468		(1,130,265	)
Total available for sale	$	18,056,770	$	(1,270,655	)	$	11,578,599	$	(1,118,623	)	$	29,635,369	$	(2,389,278	)