Note 2 - Investments (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

	December 31, 2024
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:	(unaudited)
Fixed maturities:
US Treasury securities	$	799,543	$	-	$	(88,166	)	$	711,377
Corporate bonds		24,370,244		111,868		(2,990,292	)		21,491,820
Municipal bonds		5,416,888		-		(675,739	)		4,741,149
Redeemable preferred stock		2,562,893		36		(151,695	)		2,411,234
Term loans		12,971,452		28,936		(212,084	)		12,788,304
Mortgage backed and asset backed securities		37,664,287		715,541		(945,533	)		37,434,295
Total available for sale	$	83,785,307	$	856,381	$	(5,063,509	)	$	79,578,179

	December 31, 2023
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	790,976	$	-	$	(66,308	)	$	724,668
Corporate bonds		20,234,444		95,085		(2,516,167	)		17,813,362
Municipal bonds		6,207,596		4,044		(575,547	)		5,636,093
Redeemable preferred stock		3,622,572		1,699		(318,702	)		3,305,569
Term loans		17,177,179		162,011		(286,770	)		17,052,420
Mortgage backed and asset backed securities		30,621,025		520,599		(1,164,216	)		29,977,408
Total available for sale	$	78,653,792	$	783,438	$	(4,927,710	)	$	74,509,520

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of December 31, 2024				As of December 31, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:
One year or less	$	2,329,128	$	2,329,128	$	152,840	$	147,835
After one year through five years		18,590,098		18,590,098		16,397,124		16,461,777
After five years through ten years		2,032,061		1,967,540		6,371,607		6,112,389
More than 10 years		20,606,740		17,025,901		21,488,624		18,504,542
Redeemable preferred stocks		2,562,893		2,411,234		3,622,572		3,305,569
Mortgage backed and asset backed securities		37,664,287		37,434,295		30,621,025		29,977,408
Total amortized cost and fair value	$	83,785,307	$	79,578,179	$	78,653,792	$	74,509,520

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

	Years Ended December 31,
	2024			2023
Gross gains	$	201,481		$	14,399
Gross losses		(188,450	)		(772,000	)
Realized gains (losses)	$	13,031		$	(757,601	)
Fixed maturity securities		-			-
Mortgage loans on real estate		(34,041	)		128,729
(Increase) Decrease in allowance for credit losses	$	(34,041	)	$	128,729

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, 2024
Available for sale:
Fixed maturities:
US Treasury securities	$	444,105	$	(7,244	)	$	267,272	$	(80,922	)	$	711,377	$	(88,166	)
Corporate bonds		1,959,130		(52,671	)		12,336,095		(2,937,621	)		14,295,225		(2,990,292	)
Municipal bonds		1,190,019		(56,801	)		3,551,130		(618,938	)		4,741,149		(675,739	)
Redeemable preferred stock		-		-			2,337,770		(151,695	)		2,337,770		(151,695	)
Term loans		-		-			2,609,831		(212,084	)		2,609,831		(212,084	)
Mortgage backed and asset backed securities		10,201,273		(241,577	)		4,708,468		(703,956	)		14,909,741		(945,533	)
Total fixed maturities	$	13,794,527	$	(358,293	)	$	25,810,566	$	(4,705,216	)	$	39,605,093	$	(5,063,509	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2023
Available for sale:
Fixed maturities:
US Treasury securities	$	724,668	$	(66,308	)	$	-	$	-		$	724,668	$	(66,308	)
Corporate bonds		262,673		(863	)		15,653,914		(2,515,304	)		15,916,587		(2,516,167	)
Municipal bonds		523,744		(4,792	)		4,825,568		(570,755	)		5,349,312		(575,547	)
Redeemable preferred stock		-		-			3,182,131		(318,702	)		3,305,569		(318,702	)
Term loans		3,739,859		(174,955	)		3,534,621		(111,815	)		7,274,480		(286,770	)
Mortgage backed and asset backed securities		9,549,515		(219,946	)		6,228,220		(944,270	)		15,777,735		(1,164,216	)
Total fixed maturities	$	14,800,459	$	(466,864	)	$	33,547,892	$	(4,460,846	)	$	48,348,351	$	(4,927,710	)

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

	December 31, 2024			December 31, 2023
Commercial mortgage loans by property type
Condominium	$	-		$	377,621
Mixed use		2,159,630			-
Lodging		2,486,961			-
Multi-property		2,188,704			8,923,604
Multi-family		3,202,740			2,855,008
Industrial		1,800,000			1,000,000
Retail/Office		13,410,399			6,482,664
Total commercial mortgages	$	25,248,434		$	19,638,897
Allowance for credit losses		(55,685	)		(21,644	)
Carrying value	$	25,192,749		$	19,617,253

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

	December 31, 2024			December 31, 2023
Loan to value ratio
Over 70 to 80%	$	892,800		$	7,123,604
Over 60 to 70%		6,399,210			3,137,953
Over 50 to 60%		10,215,293			2,322,273
Over 40 to 50%		1,820,562			2,327,436
Over 30 to 40%		3,231,865			377,621
Over 20 to 30%		2,188,704			2,689,619
Over 10 to 20%		500,000			1,660,391
Total	$	25,248,434		$	19,638,897
Allowance for credit losses		(55,685	)		(21,644	)
Carrying value	$	25,192,749		$	19,617,253

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

	December 31, 2024			December 31, 2023
Maturity Date
One year or less	$	6,566,055		$	14,599,568
After one year through five years		18,682,379			5,039,329
Total	$	25,248,434		$	19,638,897
Allowance for credit losses		(55,685	)		(21,644	)
Carrying value	$	25,192,749		$	19,617,253

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	General Allowance
	December 31, 2024		December 31, 2023
Beginning allowance balance	$	21,644	$	-
Cumulative adjustment for changes in accounting principals		-		150,373
Charge-offs		-		-
Recoveries		-		-
Change in provision for credit losses		34,041		(128,729	)
Ending Allowance	$	55,685	$	21,644

Investment Income [Table Text Block]

	Years Ended December 31,
	2024			2023
Fixed maturities	$	5,985,869		$	4,712,515
Mortgages		1,680,515			1,678,623
Equity securities		313,416			686,999
Other invested assets		197,760			218,784
Cash and cash equivalents		322,841			129,188
		8,500,401			7,426,109
Less investment expenses		(902,639	)		(1,013,440	)
	$	7,597,762		$	6,412,669

Gain (Loss) on Securities [Table Text Block]

	Years Ended December 31,
	2024			2023
Recognized gains (losses) on sale of investments	$	13,031		$	(757,601	)
Change in allowance for credit loss recognized in earnings		(34,041	)		128,729
Unrealized net gains (losses) recognized in earnings		8,414			1,711,411
Embedded Derivative		296,019			(65,978	)
Net investment gains (losses)	$	283,423		$	1,016,561