XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.2
Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Reported Value Measurement [Member]    
Cash and cash equivalents $ 8,197,231 $ 4,320,759
Mortgage loans on real estate 2,696,973 3,166,136
Investment income due and accrued 570,493 423,036
Funds withheld 47,390,035 46,176,782
Policy loans 163,788 163,725
Total Financial Assets (excluding available for sale investments) 59,018,520 54,250,438
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 74,553,608 72,082,207
Total Financial Liabilities 76,553,608 74,082,207
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 8,197,231 4,320,759
Mortgage loans on real estate 2,696,973 3,166,136
Investment income due and accrued 570,493 423,036
Funds withheld 47,798,209 46,830,076
Policy loans 163,788 163,725
Total Financial Assets (excluding available for sale investments) 59,426,694 54,903,732
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 75,550,642 74,351,806
Total Financial Liabilities 77,550,642 76,351,806
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 8,197,231 4,320,759
Mortgage loans on real estate 0 0
Investment income due and accrued 0 0
Funds withheld 0 0
Policy loans 0 0
Total Financial Assets (excluding available for sale investments) 8,197,231 4,320,759
Federal Home Loan Bank advance 0 0
Policyholder deposits in deposit-type contracts 0 0
Total Financial Liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents 0 0
Mortgage loans on real estate 0 0
Investment income due and accrued 0 0
Funds withheld 0 0
Policy loans 0 0
Total Financial Assets (excluding available for sale investments) 0 0
Federal Home Loan Bank advance 0 0
Policyholder deposits in deposit-type contracts 0 0
Total Financial Liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents 0 0
Mortgage loans on real estate 2,696,973 3,166,136
Investment income due and accrued 570,493 423,036
Funds withheld 47,798,209 46,830,076
Policy loans 163,788 163,725
Total Financial Assets (excluding available for sale investments) 51,229,463 50,582,973
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 75,550,642 74,351,806
Total Financial Liabilities $ 77,550,642 $ 76,351,806