Note 8 - Income Tax Provision (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2025				2024
Income before total federal income tax		(1,105,535	)			620,250
Tax rate				21%			21%
Expected income tax expense (benefit)		(232,162	)			129,966
Effect of tax-exempt income		(12,870	)	1.2%		(15,703	)  (2.5%)
Nondeductible expenses		2,488		(0.2%)		3,870	0.6%
State income tax, net		8,795		(0.8%)		621	0.1%
Return-to-Provision adjustments		(71,643	)	6.5%		(6,460	)   1.0%
Change in valuation allowance		(13,301	)	1.2%		(32,417	)  (5.2%)
Total		(318,693	)	28.8%		79,878	12.9%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred Tax Assets	2025			2024
Net operating and capital loss carryforwards		1,851,118			2,002,668
Unamortized start-up costs		42,201			63,302
Policyowner benefit reserves		832,229			1,422,794
Unrealized Losses		603,201			753,506
Tax DAC		1,456,387			1,013,358
Deferred tax asset valuation allowance		(295,966	)		(309,267	)
		4,489,170			4,946,361
Deferred Tax Liabilities
GAAP DAC		995,322			924,629
Fixed assets		74,506			84,775
8 Year Spread		(0	)		38,905
Value of business acquired		470,638			490,046
Other GAAP to Tax Differences		(51,638	)		545,849
		1,488,543			2,084,204
Net Deferred Tax		3,000,912			2,862,157