Note 2 - Investments (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

	For the Three-Months Ended September 30,
								Net Realized
	Proceeds		Gains		Losses			Gains (Losses)
2023
Fixed maturity securities	$	1,443,108	$	—	$	(6,863	)	$	(6,863	)
Common stocks		1,807,080		395,780		(188,989	)		206,791
Preferred stocks		—		—		—			—
2022
Fixed maturity securities	$	1,185,955	$	—	$	—		$	—
Common stocks		600,120		112,306		(59,628	)		52,678
Preferred stocks		242,844		1,004		(12,476	)		(11,472	)

	For the Nine-Months Ended September 30,
								Net Realized
	Proceeds		Gains		Losses			Gains (Losses)
2023
Fixed maturity securities	$	9,785,891	$	—	$	(58,761	)	$	(58,761	)
Common stocks		3,831,416		800,571		(496,207	)		304,364
Preferred stocks		337,440		29,371		(6,599	)		22,772
2022
Fixed maturity securities	$	13,800,029	$	105,918	$	(106,546	)	$	(628	)
Common stocks		3,976,938		1,052,648		(254,260	)		798,388
Preferred stocks		646,552		8,749		(20,909	)		(12,160	)

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized Cost		Fair Value
Due in one year or less	$	3,497,651	$	3,445,857
Due after one year through five years		14,248,234		13,369,458
Due after five years through 10 years		24,218,640		21,394,002
Due after 10 years		24,913,629		19,062,474
Asset and mortgage-backed securities without a specific due date		45,801,155		41,653,431
Redeemable preferred stocks		186,393		175,200
Total fixed maturity securities	$	112,865,702	$	99,100,422

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

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2023
Fixed maturity securities:
U.S. Treasury	$	1,352,015	$	1,265,703	$	—	$	(86,312	)
MBS/ABS/CMBS		45,801,155		41,653,431		56,434		(4,204,158	)
Corporate		44,540,438		39,523,491		2,882		(5,019,829	)
Municipal		20,985,701		16,482,597		15,585		(4,518,689	)
Redeemable preferred stock		186,393		175,200		—		(11,193	)
Total fixed maturity securities	$	112,865,702	$	99,100,422	$	74,901	$	(13,840,181	)

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2022
Fixed maturity securities:
U.S. Treasury	$	1,352,752	$	1,252,960	$	—	$	(99,792	)
MBS/ABS/CMBS		41,858,596		38,803,341		51,477		(3,106,732	)
Corporate		39,716,139		35,602,055		38,867		(4,152,951	)
Municipal		21,437,389		17,541,694		78,117		(3,973,812	)
Redeemable preferred stock		215,805		188,921		—		(26,884	)
Total fixed maturity securities	$	104,580,681	$	93,388,971	$	168,461	$	(11,360,171	)

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

	September 30, 2023									December 31, 2022
				12 Months									12 Months
	< 12 Months			& Greater			Total			< 12 Months			& Greater			Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	—		$	1,265,703		$	1,265,703		$	615,367		$	637,594		$	1,252,961
Amortized cost		—			1,352,015			1,352,015			652,424			700,329			1,352,753
Unrealized loss		—			(86,312	)		(86,312	)		(37,057	)		(62,735	)		(99,792	)
MBS/ABS/CMBS
Fair value		14,212,477			24,654,698			38,867,175			21,199,819			12,833,310			34,033,129
Amortized cost		14,905,279			28,166,054			43,071,333			22,564,779			14,575,082			37,139,861
Unrealized loss		(692,802	)		(3,511,356	)		(4,204,158	)		(1,364,960	)		(1,741,772	)		(3,106,732	)
Corporate
Fair value		7,432,556			31,742,390			39,174,946			27,688,403			5,829,396			33,517,799
Amortized cost		7,772,987			36,421,788			44,194,775			30,584,890			7,085,860			37,670,750
Unrealized loss		(340,431	)		(4,679,398	)		(5,019,829	)		(2,896,487	)		(1,256,464	)		(4,152,951	)
Municipal
Fair value		5,123,048			11,123,964			16,247,012			11,502,050			2,079,831			13,581,881
Amortized cost		5,314,363			15,451,338			20,765,701			14,590,996			2,964,697			17,555,693
Unrealized loss		(191,315	)		(4,327,374	)		(4,518,689	)		(3,088,946	)		(884,866	)		(3,973,812	)
Redeemable preferred stock
Fair value		153,300			21,900			175,200			188,921			—			188,921
Amortized cost		161,549			24,844			186,393			215,805			—			215,805
Unrealized loss		(8,249	)		(2,944	)		(11,193	)		(26,884	)		—			(26,884	)
Total
Fair value		26,921,381			68,808,655			95,730,036			61,194,560			21,380,131			82,574,691
Amortized cost		28,154,178			81,416,039			109,570,217			68,608,894			25,325,968			93,934,862
Unrealized loss	$	(1,232,797	)	$	(12,607,384	)	$	(13,840,181	)	$	(7,414,334	)	$	(3,945,837	)	$	(11,360,171	)