Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Available for sale fixed maturity securities (amortized cost: $35,913,683 and $35,256,039 as of March 31, 2022 and December 31, 2021, respectively)	$ 35,382,239	$ 37,942,657
Equity securities, at fair value	8,793,901	9,157,193
Mortgage loans on real estate	3,226,212	3,653,142
Funds withheld under coinsurance agreement, at fair value	49,273,292	49,018,974
Policy loans	213,970	173,341
Real estate, net of depreciation	1,395,782	1,403,137
Total investments	98,285,396	101,348,444
Cash and cash equivalents	9,426,154	7,955,348
Investment income due and accrued	513,894	698,504
Reinsurance related assets	0	3,438
Deferred acquisition costs, net	6,187,795	6,354,875
Value of business acquired, net	2,587,708	2,610,813
Property, equipment and software, net	93,199	92,785
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	1,560,767	1,560,767
Other assets	446,816	582,318
Total assets	119,379,271	121,484,834
Liabilities:
Deposit-type contracts	76,552,926	75,567,873
Policyholder benefit reserves	26,417,801	25,204,578
Dividend accumulation	118,810	118,262
Advance premiums	167,058	136,229
Total policy liabilities	103,256,595	101,026,942
Accounts payable and accrued expenses	700,677	689,065
Federal Home Loan Bank advance	(2,000,000)	(2,000,000)
Other liabilities	198,564	187,071
Total liabilities	106,155,836	103,903,078
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,746,672 and 7,745,404 shares as of March 31, 2022 and December 31, 2021, respectively	774,668	774,541
Additional paid-in capital	22,955,681	22,948,637
Accumulated deficit	(9,810,583)	(8,663,152)
Accumulated other comprehensive income (loss)	(696,331)	2,521,730
Total shareholders' equity	13,223,435	17,581,756
Total liabilities and shareholders' equity	119,379,271	121,484,834
Fixed Maturities [Member]
Assets
Available for sale fixed maturity securities (amortized cost: $35,913,683 and $35,256,039 as of March 31, 2022 and December 31, 2021, respectively)	$ 35,382,239	$ 37,942,657