Note 2 - Investments (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Available-for-sale Securities [Table Text Block]

	June 30, 2020
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	573,039	$	101,726	$	-		$	674,765
Corporate bonds		19,240,984		2,816,255		(182,565	)		21,874,674
Municipal bonds		5,959,395		872,610		-			6,832,005
Redeemable preferred stock		3,213,953		4,224		(159,884	)		3,058,293
Mortgage backed and asset backed securities		3,647,890		81,386		(16,492	)		3,712,784
Total available for sale	$	32,635,261	$	3,876,201	$	(358,941	)	$	36,152,521

	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 available for sale	$	30,823,397	$	2,353,766	$	(24,271	)	$	33,152,892

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of June 30, 2020				As of December 31, 2019
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(unaudited)
Amounts maturing in:
One year or less	$	-	$	-	$	99,987	$	100,239
After one year through five years		1,623,810		1,726,647		1,424,337		1,471,552
After five years through ten years		3,087,409		3,570,764		3,286,937		3,574,191
More than 10 years		21,062,199		24,084,033		20,743,310		22,626,113
Redeemable preferred stocks		3,213,953		3,058,293		2,097,206		2,133,893
Mortgage backed and asset backed securities		3,647,890		3,712,784		3,171,620		3,246,904
Total amortized cost and fair value	$	32,635,261	$	36,152,521	$	30,823,397	$	33,152,892

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

	Six Months Ended June 30,
	(unaudited)
	2020			2019
Gross gains	$	64,907		$	3,951
Gross losses		(289,785	)		(18,479	)
Net security losses	$	(224,878	)	$	(14,528	)

	Three Months Ended June 30,
	(unaudited)
	2020			2019
Gross gains	$	20,612		$	3,951
Gross losses		(26,537	)		(18,479	)
Net security losses	$	(5,925	)	$	(14,528	)

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
June 30, 2020	(unaudited)
Available for sale:
Fixed maturities:
Corporate bonds	$	1,731,912	$	(182,565	)	$	-	$	-	$	1,731,912	$	(182,565	)
Redeemable preferred stock		2,779,058		(159,884	)		-		-		2,779,058		(159,884	)
Mortgage backed and asset backed securities		457,526		(16,492	)		-		-		457,526		(16,492	)
Total fixed maturities	$	4,968,496	$	(358,941	)	$	-	$	-	$	4,968,496	$	(358,941	)

	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	)

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30,2020		December 31, 2019
	(unaudited)
Commerical mortgage loans by property type
Student housing	$	786,736	$	-
Multi-family		175,954		-
Total commerical mortgages	$	962,690	$	-

Schedule of Mortage Loans by Loan-to-Value Ratio [Table Text Block]

	June 30,2020		December 31, 2019
	(unaudited)
Loan to value ratio
Over 20 to 30%	$	175,954	$	-
Over 10 to 20%		786,736		-
Total	$	962,690	$	-

Schedule of Mortgage Loans by Maturity Date [Table Text Block]

	June 30,2020		December 31, 2019
	(unaudited)
Maturity Date
One year or less	$	962,690	$	-

Investment Income [Table Text Block]

	Six Months Ended June 30,
	2020			2019
	(unaudited)
Fixed maturities	$	617,418		$	585,033
Mortgages		5,851			-
Equity securities		289,450			285,076
Funds withheld		364,033			-
Cash and cash equivalents		11,376			13,978
		1,288,128			884,087
Less investment expenses		(32,117	)		(23,049	)
	$	1,256,011		$	861,038

	Three Months Ended June 30,
	2020			2019
	(unaudited)
Fixed maturities	$	309,943		$	282,739
Mortgages		5,851		$	-
Equity securities		139,261			170,491
Funds withheld		304,778			-
Cash and cash equivalents		2,064			9,779
		761,897			463,009
Less investment expenses		(20,594	)		(11,903	)
	$	741,303		$	451,106