Note 4 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	December 31, 2025
	Total		Level 1		Level 2		Level 3
Fixed maturities:
US Treasury securities	$	732,892	$	732,892	$	-	$	-
Corporate bonds		28,299,216		-		28,143,616		155,600
Municipal bonds		5,807,136		-		5,807,136		-
Redeemable preferred stock		1,998,438		-		1,998,438		-
Term loans		11,005,804		-		-		11,005,804
Mortgage backed and asset backed securities		38,691,218		-		38,357,468		333,750
Total fixed maturities		86,534,704		732,892		74,306,658		11,495,154
Equities:
Common stock		2,097,203		1,968,303		128,900		-
Preferred stock		1,445,209		-		1,445,209		-
Total equities		3,542,412		1,968,303		1,574,109		-
Other invested assets		1,018,640		-		-		1,018,640
Reinsurance contract allocated hedge		77,197		-		-		77,197
Limited partnership interests		1,293,005		-		-		1,293,005
Total	$	92,465,958	$	2,701,195	$	75,880,767	$	13,883,996

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Fixed maturities:
US Treasury securities	$	711,377	$	711,377	$	-	$	-
Corporate bonds		21,491,820		-		21,322,220		169,600
Municipal bonds		4,741,149		-		4,741,149		-
Redeemable preferred stock		2,411,234		-		2,411,234		-
Term loans		12,788,304		-		-		12,788,304
Mortgage backed and asset backed securities		37,434,295		-		37,090,545		343,750
Total fixed maturities		79,578,179		711,377		65,565,148		13,301,654
Equities:
Common stock		2,395,195		2,271,495		123,700		-
Preferred stock		1,480,890		-		1,480,890		-
Total equities		3,876,085		2,271,495		1,604,590		-
Other invested assets		1,109,606		-		-		1,109,606
Reinsurance contract allocated hedge		713,114		-		-		713,114
Limited partnership interests		428,170		-		-		428,170
Total	$	85,705,154	$	2,982,872	$	67,169,738	$	15,552,544

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

				Mortgage						Other				Limited
For the year ended December 31, 2025	Corporate			Backed			Term			Invested				Partnership
	Bonds			Securities			Loans			Assets				Interests
Fair value, beginning of period	$	169,600		$	343,750		$	12,788,304		$	1,109,606		$	428,170
Principal payment		(14,000	)		-			(4,919,378	)		-			(20,408	)
Acquisition		-			-			2,730,950			106,447			653,814
Investment related gains (losses), net		-			(10,000	)		405,928			(197,413	)		231,429
Fair value, end of period	$	155,600		$	333,750		$	11,005,804		$	1,018,640		$	1,293,005

Fair Value, by Balance Sheet Grouping [Table Text Block]

	December 31, 2025
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	18,036,904	$	18,036,904	$	18,036,904	$	-	$	-
Mortgage loans on real estate		23,645,037		25,123,294		-		-		25,123,294
Investment income due and accrued		860,697		860,697		-		-		860,697
Policy loans		41,314		41,314		-		-		41,314
Total Financial Assets (excluding available for sale investments)	$	42,583,952	$	44,062,209	$	18,036,904	$	-	$	26,025,305
Financial Liabilities:
Federal Home Loan Bank advance	$	1,250,000	$	1,250,000	$	-	$	-	$	1,250,000
Policyholder deposits in deposit-type contracts		87,824,261		76,539,273		-		-		76,539,273
Total Financial Liabilities	$	89,074,261	$	77,789,273	$	-	$	-	$	77,789,273

	December 31, 2024
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	6,903,783	$	6,903,783	$	6,903,783	$	-	$	-
Mortgage loans on real estate		25,192,749		25,192,749		-		-		25,192,749
Investment income due and accrued		954,324		954,324		-		-		954,324
Policy loans		31,745		31,745		-		-		31,745
Total Financial Assets (excluding available for sale investments)	$	33,082,601	$	33,082,601	$	6,903,783	$	-	$	26,178,818
Financial Liabilities:
Federal Home Loan Bank advance	$	1,250,000	$	1,250,000	$	-	$	-	$	1,250,000
Policyholder deposits in deposit-type contracts		77,940,378		64,945,983		-		-		64,945,983
Total Financial Liabilities	$	79,190,378	$	66,195,983	$	-	$	-	$	66,195,983