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Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Reported Value Measurement [Member]    
Cash and cash equivalents $ 7,376,813 $ 6,678,805
Investment income due and accrued 370,326 321,362
Funds withheld 41,931,524  
Policy loans 154,088 118,930
Total Financial Assets (excluding available for sale investments) 49,832,751 7,119,097
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 70,647,008 19,396,614
Total Financial Liabilities 72,647,008 20,396,614
Federal Home Loan Bank advance 2,000,000 1,000,000
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 7,376,813 6,678,805
Investment income due and accrued 370,326 321,362
Funds withheld 41,294,491  
Policy loans 154,088 118,930
Total Financial Assets (excluding available for sale investments) 49,195,718 7,119,097
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 73,033,465 19,186,265
Total Financial Liabilities 75,033,465 20,186,265
Federal Home Loan Bank advance 2,000,000 1,000,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 7,376,813 6,678,805
Investment income due and accrued
Funds withheld  
Policy loans
Total Financial Assets (excluding available for sale investments) 7,376,813 6,678,805
Federal Home Loan Bank advance
Policyholder deposits in deposit-type contracts
Total Financial Liabilities
Federal Home Loan Bank advance
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents
Investment income due and accrued 370,326 321,362
Funds withheld  
Policy loans
Total Financial Assets (excluding available for sale investments) 370,326 321,362
Federal Home Loan Bank advance
Policyholder deposits in deposit-type contracts
Total Financial Liabilities
Federal Home Loan Bank advance
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents
Investment income due and accrued
Funds withheld 41,294,491  
Policy loans 154,088 118,930
Total Financial Assets (excluding available for sale investments) 41,448,579 118,930
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 73,033,465 19,186,265
Total Financial Liabilities 75,033,465 20,186,265
Federal Home Loan Bank advance $ 2,000,000 $ 1,000,000