Note 3 - Investments (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Debt Securities, Available-for-sale [Table Text Block]

	December 31, 2021
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	303,195	$	144,570	$	-		$	447,765
Corporate bonds		19,397,461		2,101,518		(177,700	)		21,321,279
Municipal bonds		6,306,387		671,263		(14,292	)		6,963,358
Redeemable preferred stock		3,612,625		29,995		(21,094	)		3,621,526
Mortgage backed and asset backed securities		5,636,371		22,617		(70,259	)		5,588,729
Total available for sale	$	35,256,039	$	2,969,963	$	(283,345	)	$	37,942,657

	December 31, 2020
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	574,935	$	127,981	$	-		$	702,916
Corporate bonds		20,126,836		2,821,508		(533	)		22,947,811
Municipal bonds		5,992,707		804,443		(496	)		6,796,654
Redeemable preferred stock		2,900,330		90,085		(200	)		2,990,215
Mortgage backed and asset backed securities		4,189,710		50,274		(2	)		4,239,982
Total available for sale	$	33,784,518	$	3,894,291	$	(1,231	)	$	37,677,578

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of December 31, 2021				As of December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:
One year or less	$	-	$	-	$	373,590	$	379,823
After one year through five years		1,987,421		2,087,132		1,540,931		1,641,749
After five years through ten years		2,540,089		2,865,020		2,887,066		3,379,930
More than 10 years		21,479,533		23,780,250		21,892,891		25,045,879
Redeemable preferred stocks		3,612,625		3,621,526		2,900,330		2,990,215
Mortgage backed and asset backed securities		5,636,371		5,588,729		4,189,710		4,239,982
Total amortized cost and fair value	$	35,256,039	$	37,942,657	$	33,784,518	$	37,677,578

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

	Years Ended December 31,
	2021			2020
Gross gains	$	248,891		$	1,388,209
Gross losses		(18,899	)		(373,862	)
Realized gains	$	229,992		$	1,014,347

Debt Securities, Available-for-sale, 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, 2021
Available for sale:
Fixed maturities:
Corporate bonds	$	4,496,456	$	(177,700	)	$	-	$	-	$	4,496,456	$	(177,700	)
Municipal bonds		927,122		(14,292	)		-		-		927,122		(14,292	)
Redeemable preferred stock		1,394,650		(21,094	)		-		-		1,394,650		(21,094	)
Mortgage backed and asset backed securities		4,386,306		(70,259	)		-		-		4,386,306		(70,259	)
Total fixed maturities	$	11,204,534	$	(283,345	)	$	-	$	-	$	11,204,534	$	(283,345	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2020
Available for sale:
Fixed maturities:
Corporate bonds	$	210,625	$	(2	)	$	49,438	$	(531	)	$	260,063	$	(533	)
Municipal bonds		47,249		(496	)		-		-			47,249		(496	)
Redeemable preferred stock		77,918		(200	)		-		-			77,918		(200	)
Mortgage backed and asset backed securities		309,144		(2	)		-		-			309,144		(2	)
Total fixed maturities	$	644,936	$	(700	)	$	49,438	$	(531	)	$	694,374	$	(1,231	)

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

	December 31, 2021		December 31, 2020
Commercial mortgage loans by property type
Student housing	$	-	$	781,512
Condominium		1,960,547		1,874,445
Multi-property		1,157,950		332,195
Multi-family		534,645		177,984
Total commercial mortgages	$	3,653,142	$	3,166,136

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

	December 31, 2021		December 31, 2020
Loan to value ratio
Over 60 to 70%	$	1,960,547	$	1,874,445
Over 40 to 50%		339,335		-
Over 30 to 40%		195,310		177,984
Over 10 to 20%		1,157,950		1,113,707
Total	$	3,653,142	$	3,166,136

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

	December 31, 2021		December 31, 2020
Maturity Date
One year or less	$	2,155,857	$	2,393,900
After one year through five years		1,497,285		772,236
Total	$	3,653,142	$	3,166,136

Investment Income [Table Text Block]

	Years Ended December 31,
	2021			2020
Fixed maturities	$	1,121,170		$	1,178,055
Mortgages		378,035			129,621
Equity securities		617,198			669,147
Funds withheld		3,421,796			1,680,220
Cash and cash equivalents		1,794			12,501
		5,539,993			3,669,544
Less investment expenses		(203,945	)		(117,283	)
	$	5,336,048		$	3,552,261