Note 2 - Investments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	December 31, 2022
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	993,805	$	36,313	$	(5,031	)	$	1,025,087
Corporate bonds		19,018,738		722		(3,150,382	)		15,869,078
Municipal bonds		6,228,636		-		(808,227	)		5,420,409
Redeemable preferred stock		3,875,526		-		(519,911	)		3,355,615
Term loans		18,086,124		209,989		(146,395	)		18,149,718
Mortgage backed and asset backed securities		22,412,895		157,795		(1,074,520	)		21,496,170
Total available for sale	$	70,615,724	$	404,819	$	(5,704,466	)	$	65,316,077

	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 December 31, 2022				As of December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:
One year or less	$	442,846	$	450,461	$	-	$	-
After one year through five years		17,048,721		17,035,270		1,987,421		2,087,132
After five years through ten years		5,498,364		5,340,498		2,540,089		2,865,020
More than 10 years		21,337,372		17,638,063		21,479,533		23,780,250
Redeemable preferred stocks		3,875,526		3,355,615		3,612,625		3,621,526
Mortgage backed and asset backed securities		22,412,895		21,496,170		5,636,371		5,588,729
Total amortized cost and fair value	$	70,615,724	$	65,316,077	$	35,256,039	$	37,942,657

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

	Year Ended December 31,
	2022			2021
Gross gains	$	24,720		$	248,891
Gross losses		(133,363	)		(18,899	)
Realized gains (losses)	$	(108,643	)	$	229,992

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, 2022
Available for sale:
Fixed maturities:
US Treasury securities	$	398,375	$	(5,031	)	$	-	$	-		$	398,375	$	(5,031	)
Corporate bonds		12,378,486		(1,883,706	)		3,206,913		(1,266,676	)		15,585,399		(3,150,382	)
Municipal bonds		4,711,895		(587,053	)		708,514		(221,174	)		5,420,409		(808,227	)
Redeemable preferred stock		2,384,771		(363,193	)		970,844		(156,718	)		3,355,615		(519,911	)
Term loans		6,309,005		(146,395	)		-		-			6,309,005		(146,395	)
Mortgage backed and asset backed securities		10,358,560		(458,754	)		3,281,132		(615,766	)		13,639,692		(1,074,520	)
Total fixed maturities	$	36,541,092	$	(3,444,132	)	$	8,167,403	$	(2,260,334	)	$	44,708,495	$	(5,704,466	)

	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]

	December 31, 2022		December 31, 2021
Commercial mortgage loans by property type
Condominium	$	1,696,975	$	1,960,547
Land		1,902,277		-
Multi-property		9,539,738		1,157,950
Multi-family		5,016,424		534,645
Retail/Office		5,634,659		-
Total commercial mortgages	$	23,790,073	$	3,653,142

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

	December 31, 2022		December 31, 2021
Loan to value ratio
Over 70 to 80%	$	8,219,763	$	-
Over 60 to 70%		5,196,975		1,960,547
Over 50 to 60%		4,682,750		-
Over 40 to 50%		3,235,951		339,335
Over 30 to 40%		-		195,310
Over 20 to 30%		1,319,975		-
Over 10 to 20%		1,134,659		1,157,950
Total	$	23,790,073	$	3,653,142

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

	December 31, 2022		December 31, 2021
Maturity Date
One year or less	$	15,354,542	$	2,155,857
After one year through five years		8,435,531		1,497,285
Total	$	23,790,073	$	3,653,142

Investment Income [Table Text Block]

	Years Ended December 31,
	2022			2021
Fixed maturities	$	2,159,129		$	1,121,170
Mortgages		758,362			378,035
Equity securities		669,721			617,198
Funds withheld		1,581,453			3,421,796
Other invested assets		47,241			-
Cash and cash equivalents		47,285			1,794
		5,263,191			5,539,993
Less investment expenses		(464,992	)		(203,945	)
	$	4,798,199		$	5,336,048