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Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Reported Value Measurement [Member]    
Cash and cash equivalents $ 5,184,510 $ 6,678,805
Investment income due and accrued 370,342 321,362
Funds withheld 45,469,239  
Policy loans 163,725 118,930
Total Financial Assets (excluding available for sale investments) 51,187,816 7,119,097
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 71,662,245 19,396,614
Total Financial Liabilities 73,662,245 20,396,614
Federal Home Loan Bank advance 2,000,000 1,000,000
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 5,184,510 6,678,805
Investment income due and accrued 370,342 321,362
Funds withheld 45,330,710  
Policy loans 163,725 118,930
Total Financial Assets (excluding available for sale investments) 51,049,287 7,119,097
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 73,982,003 19,186,265
Total Financial Liabilities 75,982,003 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 5,184,510 6,678,805
Investment income due and accrued
Funds withheld  
Policy loans
Total Financial Assets (excluding available for sale investments) 5,184,510 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 370,342 321,362
Funds withheld  
Policy loans
Total Financial Assets (excluding available for sale investments) 370,342 321,362
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 45,330,710  
Policy loans 163,725 118,930
Total Financial Assets (excluding available for sale investments) 45,494,435 118,930
Federal Home Loan Bank advance 2,000,000 1,000,000
Policyholder deposits in deposit-type contracts 73,982,003 19,186,265
Total Financial Liabilities 75,982,003 20,186,265
Federal Home Loan Bank advance $ 2,000,000 $ 1,000,000