Note 2 - Investments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Realized Gain (Loss) [Table Text Block]

	For the Three-Months Ended September 30,
								Net Realized
	Proceeds		Gains		Losses			Gains (Losses)
2020
Fixed maturity securities	$	3,428,951	$	67,102	$	—		$	67,102
Common stocks		986,939		93,984		(226,398	)		(132,414	)
Preferred stocks		76,500		5,979		—			5,979
2019
Fixed maturity securities	$	5,771,988	$	99,445	$	(10,183	)	$	89,262
Common stocks		1,320,803		185,319		(133,100	)		52,219

	For the Nine-Months Ended September 30,
								Net Realized
	Proceeds		Gains		Losses			Gains (Losses)
2020
Fixed maturity securities	$	12,813,180	$	412,577	$	(926	)	$	411,651
Common stocks		4,247,936		470,406		(1,282,423	)		(812,017	)
Preferred stocks		221,990		8,808		(10,762	)		(1,954	)
2019
Fixed maturity securities	$	19,522,461	$	264,737	$	(26,332	)	$	238,405
Common stocks		5,998,276		960,420		(457,702	)		502,718

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized Cost		Fair Value
Due in one year or less	$	1,275,943	$	1,305,900
Due after one year through five years		18,436,788		19,612,776
Due after five years through 10 years		16,366,929		18,431,137
Due after 10 years		21,586,567		23,678,509
Asset and mortgage backed securities without a specific due date		38,843,607		40,057,464
Redeemable preferred stocks		215,805		232,699
Total fixed maturity securities	$	96,725,639	$	103,318,485

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2020
Fixed maturity securities:
U.S. Treasury	$	1,352,935	$	1,390,344	$	37,491	$	(82	)
MBS/ABS/CMBS		38,843,607		40,057,464		1,354,537		(140,680	)
Corporate		38,295,706		42,339,992		4,141,760		(97,474	)
Municipal		18,017,586		19,297,986		1,288,389		(7,989	)
Redeemable preferred stock		215,805		232,699		16,894		—
Total fixed maturity securities	$	96,725,639	$	103,318,485	$	6,839,071	$	(246,225	)

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2019
Fixed maturity securities:
U.S. Treasury	$	800,462	$	800,219	$	684	$	(927	)
MBS/ABS/CMBS		33,802,911		34,290,995		540,743		(52,659	)
Corporate		39,442,202		41,915,103		2,482,378		(9,477	)
Municipal		14,302,840		15,081,255		808,081		(29,666	)
Total fixed maturity securities	$	88,348,415	$	92,087,572	$	3,831,886	$	(92,729	)

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]

	September 30, 2020									December 31, 2019
				12 Months									12 Months
	< 12 Months			& Greater			Total			< 12 Months			& Greater			Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	300,000		$	—		$	300,000		$	—		$	699,391		$	699,391
Amortized cost		300,082			—			300,082			—			700,318			700,318
Unrealized loss		(82	)		—			(82	)		—			(927	)		(927	)
MBS/ABS/CMBS
Fair value		11,438,192			2,014,666			13,452,858			6,398,581			5,056,732			11,455,313
Amortized cost		11,556,312			2,037,226			13,593,538			6,420,488			5,087,484			11,507,972
Unrealized loss		(118,120	)		(22,560	)		(140,680	)		(21,907	)		(30,752	)		(52,659	)
Corporate
Fair value		1,075,259			—			1,075,259			1,396,706			—			1,396,706
Amortized cost		1,172,733			—			1,172,733			1,406,183			—			1,406,183
Unrealized loss		(97,474	)		—			(97,474	)		(9,477	)		—			(9,477	)
Municipal
Fair value		491,160			—			491,160			1,969,468			—			1,969,468
Amortized cost		499,149			—			499,149			1,999,134			—			1,999,134
Unrealized loss		(7,989	)		—			(7,989	)		(29,666	)		—			(29,666	)
Total
Fair value		13,304,611			2,014,666			15,319,277			9,764,755			5,756,123			15,520,878
Amortized cost		13,528,276			2,037,226			15,565,502			9,825,805			5,787,802			15,613,607
Unrealized loss	$	(223,665	)	$	(22,560	)	$	(246,225	)	$	(61,050	)	$	(31,679	)	$	(92,729	)