Note 4 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Notes Tables

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

	March 31, 2026
	Total		Level 1		Level 2		Level 3
	(Unaudited)
Fixed maturities:
US Treasury securities	$	726,797	$	726,797	$	-	$	-
Corporate bonds		27,558,929		-		27,403,329		155,600
Municipal bonds		5,754,361		-		5,754,361		-
Redeemable preferred stock		1,491,801		-		1,491,801		-
Term loans		12,093,385		-		-		12,093,385
Mortgage backed and asset backed securities		40,638,140		-		40,309,390		328,750
Total fixed maturities		88,263,413		726,797		74,958,881		12,577,735
Equities:
Common stock		6,853,945		6,723,945		130,000		-
Preferred stock		1,382,010		-		1,382,010		-
Total equities		8,235,955		6,723,945		1,512,010		-
Other invested assets		1,012,127		-		-		1,012,127
Reinsurance contract allocated hedge		32,777		-		-		32,777
Limited partnership interests		1,711,176		-		-		1,711,176
Total	$	99,255,448	$	7,450,742	$	76,470,891	$	15,333,815

	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

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

			Mortgage						Other			Limited
For the three months ended March 31, 2026	Corporate		Backed			Term			Invested			Partnership
	Bonds		Securities			Loans			Assets			Interests
Fair value, beginning of period	$	155,600	$	333,750		$	11,005,804		$	1,018,640		$	1,293,005
Principal payment		-		-			(554,671	)		(15	)		(192,000	)
Acquisition		-		-			1,587,173			33,551			481,998
Investment related gains (losses), net		-		(5,000	)		55,079			(40,049	)		128,173
Fair value, end of period	$	155,600	$	328,750		$	12,093,385		$	1,012,127		$	1,711,176

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

	March 31, 2026
	(unaudited)
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	9,513,983	$	9,513,983	$	9,513,983	$	-	$	-
Mortgage loans on real estate		26,173,041		27,630,558		-		-		27,630,558
Investment income due and accrued		999,436		999,436		-		-		999,436
Policy loans		42,081		42,081		-		-		42,081
Total Financial Assets (excluding available for sale investments)	$	36,728,541	$	38,186,058	$	9,513,983	$	-	$	28,672,075
Financial Liabilities:
Federal Home Loan Bank advance	$	1,250,000	$	1,250,000	$	-	$	-	$	1,250,000
Policyholder deposits in deposit-type contracts		88,062,296		75,988,701		-		-		75,988,701
Total Financial Liabilities	$	89,312,296	$	77,238,701	$	-	$	-	$	77,238,701

	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