Note 2 - Investments (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

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

	March 31, 2022
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	303,323	$	118,186	$	-		$	421,509
Corporate bonds		19,585,022		528,783		(783,127	)		19,330,678
Municipal bonds		6,225,836		223,399		(136,324	)		6,312,911
Redeemable preferred stock		4,052,415		6,148		(145,617	)		3,912,946
Mortgage backed and asset backed securities		5,747,087		1,534		(344,426	)		5,404,195
Total available for sale	$	35,913,683	$	878,050	$	(1,409,494	)	$	35,382,239

	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

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of March 31, 2022				As of December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:
One year or less	$	305,632	$	315,121	$	-	$	-
After one year through five years		1,874,111		1,882,969		1,987,421		2,087,132
After five years through ten years		2,346,784		2,453,756		2,540,089		2,865,020
More than 10 years		21,587,654		21,413,252		21,479,533		23,780,250
Redeemable preferred stocks		4,052,415		3,912,946		3,612,625		3,621,526
Mortgage backed and asset backed securities		5,747,087		5,404,195		5,636,371		5,588,729
Total amortized cost and fair value	$	35,913,683	$	35,382,239	$	35,256,039	$	37,942,657

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

	Three Months Ended March 31,
	(unaudited)
	2022			2021
Gross gains	$	1,900		$	52,792
Gross losses		(2,541	)		(395	)
Realized gains (losses)	$	(641	)	$	52,397

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
March 31, 2022
	(unaudited)
Available for sale:
Fixed maturities:
Corporate bonds	$	5,384,361	$	(218,165	)	$	3,195,514	$	(564,962	)	$	8,579,875	$	(783,127	)
Municipal bonds		1,041,440		(130,162	)		102,397		(6,162	)		1,143,837		(136,324	)
Redeemable preferred stock		3,598,631		(145,617	)		-		-			3,598,631		(145,617	)
Mortgage backed and asset backed securities		4,182,609		(258,949	)		932,518		(85,477	)		5,115,127		(344,426	)
Total fixed maturities	$	14,207,041	$	(752,893	)	$	4,230,429	$	(656,601	)	$	18,437,470	$	(1,409,494	)

	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	)

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

	March 31, 2022		December 31, 2021
	(unaudited)
Commercial mortgage loans by property type
Condominium	$	1,323,740	$	1,960,547
Multi-property		1,564,501		1,157,950
Multi-family		337,971		534,645
Total commercial mortgages	$	3,226,212	$	3,653,142

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

	March 31, 2022		December 31, 2021
	(unaudited)
Loan to value ratio
Over 60 to 70%	$	1,323,740	$	1,960,547
Over 40 to 50%		337,971		339,335
Over 30 to 40%		-		195,310
Over 10 to 20%		1,564,501		1,157,950
Total	$	3,226,212	$	3,653,142

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

	March 31, 2022		December 31, 2021
	(unaudited)
Maturity Date
One year or less	$	1,323,740	$	2,155,857
After one year through five years		1,902,472		1,497,285
Total	$	3,226,212	$	3,653,142

Investment Income [Table Text Block]

	Three Months Ended March 31,
	2022			2021
	(unaudited)
Fixed maturities	$	275,333		$	277,489
Mortgages		27,391			72,917
Equity securities		154,674			147,931
Funds withheld		700,308			827,997
Cash and cash equivalents		460			308
		1,158,166			1,326,642
Less investment expenses		(6,544	)		(27,650	)
	$	1,151,622		$	1,298,992