US Alliance 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Entity Registrant Name	US Alliance Corp
Entity Central Index Key	1,463,913
Trading Symbol	usac
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		5,600,339
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets
Available for sale securities	$ 17,155,562	$ 15,463,578
Cash and cash equivalents	2,177,660	3,145,745
Investment income due and accrued	94,458	100,713
Reinsurance related assets	31,597	31,390
Deferred acquisition costs, net	186,846	153,792
Property, equipment and software, net	236,265	244,849
Other assets	889,468	51,922
Total assets	20,771,856	19,191,989
Liabilities:
Deposit-type contracts	3,856,221	3,398,170
Policyholder benefit reserves	4,609,783	4,220,215
Advance premiums	133,191	121,944
Total policy liabilities	8,599,195	7,740,329
Accounts payable and accrued expenses	69,268	66,472
Other liabilities	813,909	4,205
Total liabilities	9,482,372	7,811,006
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 9,000,000 shares; issued and outstanding 5,583,702 and 5,565,943 shares as of March 31, 2017 and December 31, 2016, respectively	558,371	556,595
Additional paid-in capital	18,069,599	18,017,163
Accumulated deficit	(7,600,984)	(7,432,236)
Accumulated other comprehensive income	262,498	239,461
Total shareholders' equity	11,289,484	11,380,983
Total liabilities and shareholders' equity	20,771,856	19,191,989
Fixed Maturities [Member]
Assets
Available for sale securities	11,688,456	10,320,074
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 5,467,106	$ 5,143,504

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Available for sale securities, amortized cost	$ 16,893,064	$ 15,224,117
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	5,583,702	5,565,943
Common stock, shares outstanding (in shares)	5,583,702	5,565,943
Fixed Maturities [Member]
Available for sale securities, amortized cost	$ 11,633,957	$ 10,318,164
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities, amortized cost	$ 5,259,107	$ 4,905,953

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income:
Premium income	$ 1,749,928	$ 1,357,372
Net investment income	126,020	91,261
Net realized gain on sale of securities	192,405	10,838
Other income	20,202	13,405
Total income	2,088,555	1,472,876
Expenses:
Death claims	392,588	116,527
Policyholder benefits	973,724	722,145
Increase in policyholder reserves	264,978	359,552
Commissions, net of deferrals	124,291	108,215
Amortization of deferred acquisition costs	37,764	37,457
Salaries & benefits	178,192	188,367
Other operating expenses	285,766	267,330
Total expense	2,257,303	1,799,593
Net loss	(168,748)	(326,717)
Unrealized net holding gains arising during the period	215,442	282,417
Reclassification adjustment for loss (gains) included in net loss	(192,405)	(10,838)
Other comprehensive income	23,037	271,579
Comprehensive loss	$ (145,711)	$ (55,138)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.03)	$ (0.06)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrant [Member]	Common Stock Subscribed [Member]	Subscription Receivable [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2015	5,177,245
Balance at Dec. 31, 2015	$ 517,725	$ 17,018,285	$ 15,876	$ 13,799	$ (827,952)	$ (100,477)	$ (6,146,463)	$ 10,490,793
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	354,794							354,794
Common stock issued upon exercise of warrants, $6.00 per share	$ 35,479	2,109,161	$ (15,876)					$ 2,128,764
Costs associated with warrant exercise		(246,945)						(246,945)
Common stock subscribed		(761,041)		(12,899)	773,940
Other comprehensive income						271,579		271,579
Net loss							(326,717)	(326,717)
Balance (in shares) at Mar. 31, 2016	5,532,039
Balance at Mar. 31, 2016	$ 553,204	18,119,460		$ 900	$ (54,012)	171,102	(6,473,180)	12,317,474
Balance (in shares) at Dec. 31, 2016	5,565,943
Balance at Dec. 31, 2016	$ 556,595	18,017,163				239,461	(7,432,236)	11,380,983
Other comprehensive income						23,037		23,037
Net loss							(168,748)	(168,748)
Balance (in shares) at Mar. 31, 2017	5,583,702
Balance at Mar. 31, 2017	$ 558,371	18,069,599				$ 262,498	$ (7,600,984)	11,289,484
Common stock issued, $7 per share (in shares)	17,759
Common stock issued, $7 per share	$ 1,776	122,537						124,313
Costs associated with common stock issued		$ (70,101)						$ (70,101)

Consolidated Statements of Cha6

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Warrant [Member]
Warrants, exercise price per share (in dollars per share)		$ 6
Common Stock [Member]
Common stock, price per share (in dollars per share)	$ 7
Warrants, exercise price per share (in dollars per share)		$ 6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities:
Net loss	$ (168,748)	$ (326,717)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	8,584	9,734
Net realized gains on the sale of securities	(192,405)	(10,838)
Amortization of investment securities, net	8,789	5,520
Deferred acquisition costs capitalized	(70,818)	(48,382)
Deferred acquisition costs amortized	37,764	37,457
Interest credited on deposit type contracts	16,597	14,244
(Increase) decrease in operating assets:
Investment income due and accrued	6,255	10,909
Reinsurance related assets	(207)	3,484
Pre-paid expenses	(4,277)	32,202
Other assets	(18,225)	2,003
Increase (decrease) in operating liabilities:
Policyowner benefit reserves	389,568	390,000
Advance premiums	11,247	15,740
Other liabilities	14,352	12,037
Accounts payable and accrued expenses	2,796	(24,110)
Net cash provided by operating activities	41,272	123,283
Cash Flows from Investing Activities:
Purchase of fixed income investments	(1,479,152)	(269,208)
Purchase of equity investments	(180,567)	(395,268)
Proceeds from fixed income sales and repayments	154,696	153,393
Proceeds from equity sales and repayments		92,247
Net cash (used in) investing activities	(1,505,023)	(418,836)
Cash Flows from Financing Activities:
Receipts on deposit-type contracts	579,215	441,382
Withdrawals on deposit-type contracts	(137,761)	(74,577)
Proceeds received from exercise of warrants, net of costs of issuance	54,212	1,881,819
Net cash provided by financing activities	495,666	2,248,624
Net (decrease) increase in cash and cash equivalents	(968,085)	1,953,071
Cash and Cash Equivalents:
Beginning	3,145,745	2,466,526
Ending	$ 2,177,660	$ 4,419,597

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	Note 1. Description of Business and Significant Accounting Policies Description of business : US Alliance Corporation (“the Company”) is a Kansas corporation located in Topeka, Kansas. The Company was incorporated April 24, 2009, June 9, 2011, January 2, 2012. April 23, 2012, The Company terminated its initial public offering on February 24, 2013. 2013, first May 1, 2013. 2014 2015. February 24, 2015, February 24, 2016. February 24, 2016 , the Company extended its current offering until February 24, 2017 April 1, 2016. February 24, 2018. The Company began offering third 2015. one Basis of presentation : The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10 10 The results of operation for the three March 31, 2017 December 31, 2017 10 December 31, 2016. Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements. Area of Operation : US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota, Oklahoma, and Missouri. Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 March 31, 2017 December 31, 2016, 5,583,702 5,565,943 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the three March 31, 2017 2016 5,571,529 5,295,510 March 31, 2017 2016 New accounting standards : Revenue from Contracts with Customers In May 2014, The following steps are applied in the updated guidance: (1) identify the contract(s) with a customer; (2) (3) (4) (5) In July 2015, one March 31, 2018. Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not alleviated, an entity should disclose that there is substantial doubt about the entity's ability to continue as a going concern within one The guidance is effective for annual periods ending after December 15, 2016, Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not yet been fully assessed. Leases In February 2016, 12 two The updated guidance is effective for reporting periods beginning after December 15, 2018, Contingent Put and Call Options in Debt Instruments In March 2016, December 15, 2016. Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security ’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists. The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. Classification of Certain Cash Receipts and Cash Payment In August 2016, eight December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not relate to accounting policies and procedures pertinent or material to the Company at this time.

Note 2 - Investments

Note 2 - Investments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Investment [Text Block]	Note 2. Investments T he amortized cost and fair value of available for sale and held to maturity investments as of March 31, 2017 December 31, 2016 March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 The amortized cost and fair value of debt securities as of March 31, 2017, may may As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456 Proceeds from the sale of securities, maturities, and asset paydowns for the first three 2017 2016 $969,740 $245,640, Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838 Gross unrealized losses by duration are summarized as follows: Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Unrealized losses occur from market price declines that may The total number of securities in the investment portfolio in an unrealized loss position as of March 31, 2017 66, $207,021 66 33 22 7 2 1 1 no March 31, 2017 December 31, 2016. March 31, 2017 $469,519.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 3. Fair Value Measurements The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. The Company uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 ● Level 2 1 The Company’s Level 2 ● Level 3 ’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Investments, available for sale : Investments in securities that are classified as available for sale are recorded at fair value utilizing Level 1 2 The following table presents the amounts of assets measured at fair value on a recurring basis as of March 31, 2017 December 31, 2016: March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - The Company discloses the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. The estimated fair value approximates carrying value for accrued interest. The methodolog ies for other financial assets and financial liabilities are discussed below: Cash and cash equivalents : The carrying amounts approximate fair value because of the short maturity of these instruments. Policyholder deposits in deposit-type contracts : The fair value for policyholder deposits in deposit-type insurance contracts (accumulation annuities) is calculated usinga discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using the risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The estimated fair values of the Company ’s financial assets and liabilities at March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086

Note 4 - Income Tax Provision

Note 4 - Income Tax Provision	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 4. Income Tax Provision No March 31, 2017 2016 100% The net operating loss carryforwards for the Company are $5,250,492 $5,050,176 March 31, 2017 December 31, 2016, 100

Note 5 - Warrants

Note 5 - Warrants	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 5 . Warrants The Company conducted its public stock offering through the sale of units. Each unit was sold for $1,000 200 200 $6.00 February 24, 2016. April 1, 2016. December 31, 2014 2,532,400 February 24, 2015, 2015, 944,845 December 31, 2015 1,587,555 first three 2016, 354,794 Management engaged the services of an experienced valuation firm to value the warrants as of February 24, 2013. $0.01 zero March 31, 2016.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 6 . Subsequent Events All of the effects of subsequent events that provide additional evidence about conditions that existed at the balance sheet date, including the estimates inherent in the process of preparing the consolidated financial statements, are recognized in the consolidated financial statements. The Company does not recognize subsequent events that provide evidence about conditions that did not exist at the balance sheet date but arose after, but before the consolidated financial statements are issued. In some cases, unrecognized subsequent events are disclosed to keep the consolidated financial statements from being misleading. The Company has evaluated subsequent events through May 10, 2017,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation : The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10 10 The results of operation for the three March 31, 2017 December 31, 2017 10 December 31, 2016.
Consolidation, Policy [Policy Text Block]	Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements.
Area of Operation, Policy [Policy Text Block]	Area of Operation : US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota, Oklahoma, and Missouri.
Earnings Per Share, Policy [Policy Text Block]	Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 March 31, 2017 December 31, 2016, 5,583,702 5,565,943 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the three March 31, 2017 2016 5,571,529 5,295,510 March 31, 2017 2016
New Accounting Pronouncements, Policy [Policy Text Block]	New accounting standards : Revenue from Contracts with Customers In May 2014, The following steps are applied in the updated guidance: (1) identify the contract(s) with a customer; (2) (3) (4) (5) In July 2015, one March 31, 2018. Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not alleviated, an entity should disclose that there is substantial doubt about the entity's ability to continue as a going concern within one The guidance is effective for annual periods ending after December 15, 2016, Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not yet been fully assessed. Leases In February 2016, 12 two The updated guidance is effective for reporting periods beginning after December 15, 2018, Contingent Put and Call Options in Debt Instruments In March 2016, December 15, 2016. Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security ’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists. The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. Classification of Certain Cash Receipts and Cash Payment In August 2016, eight December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not relate to accounting policies and procedures pertinent or material to the Company at this time.

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Available-for-sale Securities [Table Text Block]	March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578
Investments Classified by Contractual Maturity Date [Table Text Block]	As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456
Realized Gain (Loss) on Investments [Table Text Block]	Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 )

Note 3 - Fair Value Measureme16

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ -
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086

Note 1 - Description of Busin17

Note 1 - Description of Business and Significant Accounting Policies (Details Textual)	3 Months Ended
	Mar. 31, 2017$ / sharesshares	Mar. 31, 2016shares	Dec. 31, 2016$ / sharesshares
Number of Third Party Administrative Agreements in Place	1
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.10		$ 0.10
Common Stock, Shares Authorized	9,000,000		9,000,000
Common Stock, Shares, Issued	5,583,702		5,565,943
Common Stock, Shares, Outstanding	5,583,702		5,565,943
Weighted Average Number of Shares Outstanding, Basic and Diluted	5,571,529	5,295,510

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Proceeds from Sale, Maturity and Collection of Investments	$ 969,740	$ 245,640
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	66
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 207,021		$ 281,031
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	469,519
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0		$ 0
Fixed Income Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	33
Collateralized Mortgage Backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	22
Common Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	7
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	2
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1
Senior Loan Fund [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1

Note 2 - Investments - Amortize

Note 2 - Investments - Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Investments (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Cost or Amortized Cost	$ 16,893,064	$ 15,224,117
Gross Unrealized Gains	469,519	520,492
Gross Unrealized Losses	(207,021)	(281,031)
Available for sale securities	17,155,562	15,463,578
Fixed Maturities [Member]
Cost or Amortized Cost	11,633,957	10,318,164
Gross Unrealized Gains	172,919	146,465
Gross Unrealized Losses	(118,420)	(144,555)
Available for sale securities	11,688,456	10,320,074
Equity Securities [Member]
Cost or Amortized Cost	4,962,881	4,723,024
Gross Unrealized Gains	257,651	350,981
Gross Unrealized Losses	(85,109)	(131,757)
Available for sale securities	5,135,423	4,942,248
Other Equity Investments [Member]
Cost or Amortized Cost	296,226	182,929
Gross Unrealized Gains	38,949	23,046
Gross Unrealized Losses	(3,492)	(4,719)
Available for sale securities	331,683	201,256
Equities, Including Equity Securities and Other Equity Investments [Member]
Cost or Amortized Cost	5,259,107	4,905,953
Gross Unrealized Gains	296,600	374,027
Gross Unrealized Losses	(88,601)	(136,476)
Available for sale securities	5,467,106	5,143,504
US Treasury Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	315,229	314,992
Gross Unrealized Gains
Gross Unrealized Losses	(12,646)	(15,830)
Available for sale securities	302,583	299,162
Corporate Debt Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	4,417,718	3,828,418
Gross Unrealized Gains	71,032	62,712
Gross Unrealized Losses	(36,034)	(45,234)
Available for sale securities	4,452,716	3,845,896
US States and Political Subdivisions Debt Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	3,624,678	2,841,137
Gross Unrealized Gains	62,399	46,883
Gross Unrealized Losses	(30,087)	(38,191)
Available for sale securities	3,656,990	2,849,829
Collateralized Mortgage Backed Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	3,276,332	3,333,617
Gross Unrealized Gains	39,488	36,870
Gross Unrealized Losses	(39,653)	(45,300)
Available for sale securities	$ 3,276,167	$ 3,325,187

Note 2 - Investments - Amorti20

Note 2 - Investments - Amortized Cost and Fair Value of Debt Securities By Contractual Maturity (Details)	Mar. 31, 2017USD ($)
One year or less, amortized cost	$ 49,951
One year or less, fair value	49,929
After one year through five years, amortized cost	1,718,157
After one year through five years, fair value	1,714,094
After five years through ten years, amortized cost	1,646,453
After five years through ten years, fair value	1,647,786
More than 10 years, amortized cost	4,943,064
More than 10 years, fair value	5,000,480
Mortgage backed and asset backed securities, amortized cost	3,276,332
Mortgage backed and asset backed securities, fair value	3,276,167
Total fixed maturities, amortized cost	11,633,957
Total fixed maturities, fair value	$ 11,688,456

Note 2 - Investments - Realized

Note 2 - Investments - Realized Gains and Losses Related to the Sale of Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Gross gains	$ 192,405	$ 10,838
Gross losses
Net security gains	$ 192,405	$ 10,838

Note 2 - Investments - Gross Un

Note 2 - Investments - Gross Unrealized Losses (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale securities, less than 12 months, fair value	$ 6,902,047	$ 6,253,723
Available-for-sale securities, less than 12 months, unrealized loss	(142,203)	(200,355)
Available-for-sale securities, greater than 12 months, fair value	1,240,417	1,394,448
Available-for-sale securities, greater than 12 months, unrealized loss	(64,818)	(80,676)
Available-for-sale securities, fair value	8,142,464	7,648,171
Available-for-sale securities, unrealized loss	(207,021)	(281,031)
Fixed Maturities [Member]
Available-for-sale securities, less than 12 months, fair value	5,143,346	5,193,023
Available-for-sale securities, less than 12 months, unrealized loss	(115,402)	(136,279)
Available-for-sale securities, greater than 12 months, fair value	165,857	330,489
Available-for-sale securities, greater than 12 months, unrealized loss	(3,018)	(8,276)
Available-for-sale securities, fair value	5,309,203	5,523,512
Available-for-sale securities, unrealized loss	(118,420)	(144,555)
Fixed Maturities [Member] | US Treasury Securities [Member]
Available-for-sale securities, less than 12 months, fair value	302,583	299,162
Available-for-sale securities, less than 12 months, unrealized loss	(12,646)	(15,830)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	302,583	299,162
Available-for-sale securities, unrealized loss	(12,646)	(15,830)
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value	2,057,429	1,897,000
Available-for-sale securities, less than 12 months, unrealized loss	(35,288)	(42,994)
Available-for-sale securities, greater than 12 months, fair value	49,157	196,399
Available-for-sale securities, greater than 12 months, unrealized loss	(746)	(2,240)
Available-for-sale securities, fair value	2,106,586	2,093,399
Available-for-sale securities, unrealized loss	(36,034)	(45,234)
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value	1,219,109	1,296,688
Available-for-sale securities, less than 12 months, unrealized loss	(30,087)	(38,191)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	1,219,109	1,296,688
Available-for-sale securities, unrealized loss	(30,087)	(38,191)
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, less than 12 months, fair value	1,564,225	1,700,173
Available-for-sale securities, less than 12 months, unrealized loss	(37,381)	(39,264)
Available-for-sale securities, greater than 12 months, fair value	116,700	134,090
Available-for-sale securities, greater than 12 months, unrealized loss	(2,272)	(6,036)
Available-for-sale securities, fair value	1,680,925	1,834,263
Available-for-sale securities, unrealized loss	(39,653)	(45,300)
Equity Securities [Member]
Available-for-sale securities, less than 12 months, fair value	1,648,897	1,007,860
Available-for-sale securities, less than 12 months, unrealized loss	(23,309)	(59,357)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)
Available-for-sale securities, fair value	2,723,457	2,071,819
Available-for-sale securities, unrealized loss	(85,109)	(131,757)
Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, fair value	109,804	52,840
Available-for-sale securities, less than 12 months, unrealized loss	(3,492)	(4,719)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	109,804	52,840
Available-for-sale securities, unrealized loss	(3,492)	(4,719)
Equities, Including Equity Securities and Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, fair value	1,758,701	1,060,700
Available-for-sale securities, less than 12 months, unrealized loss	(26,801)	(64,076)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)
Available-for-sale securities, fair value	2,833,261	2,124,659
Available-for-sale securities, unrealized loss	$ (88,601)	$ (136,476)

Note 3 - Fair Value Measureme23

Note 3 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Available for sale securities	$ 17,155,562	$ 15,463,578
Fair Value, Measurements, Recurring [Member]
Available for sale securities	17,155,562	15,463,578
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,769,689	5,442,666
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member]
Available for sale securities	11,688,456	10,320,074
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	11,688,456	10,320,074
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member]
Available for sale securities	302,583	299,162
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	302,583	299,162
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available for sale securities	4,452,716	3,845,896
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	4,452,716	3,845,896
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	4,452,716	3,845,896
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available for sale securities	3,656,990	2,849,829
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,656,990	2,849,829
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,656,990	2,849,829
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities	3,276,167	3,325,187
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,276,167	3,325,187
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,276,167	3,325,187
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equity Securities [Member]
Available for sale securities	5,135,423	4,942,248
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,135,423	4,942,248
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,135,423	4,942,248
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Other Equity Investments [Member]
Available for sale securities	331,683	201,256
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	331,683	201,256
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	331,683	201,256
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities	5,467,106	5,143,504
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,467,106	5,143,504
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,467,106	5,143,504
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities

Note 3 - Fair Value Measureme24

Note 3 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Reported Value Measurement [Member]
Cash and cash equivalents	$ 2,177,660	$ 3,145,745
Investments, at fair value	17,155,562	15,463,578
Total Financial Assets	19,333,222	18,609,323
Policyholder deposits in deposit-type contracts	3,856,221	3,398,170
Total Financial Liabilities	3,856,221	3,398,170
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	2,177,660	3,145,745
Investments, at fair value	17,155,562	15,463,578
Total Financial Assets	19,333,222	18,609,323
Policyholder deposits in deposit-type contracts	3,795,307	3,260,086
Total Financial Liabilities	$ 3,795,307	$ 3,260,086

Note 4 - Income Tax Provision (

Note 4 - Income Tax Provision (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Deferred Tax Assets, Valuation Allowance, Percentage	100.00%	100.00%
Operating Loss Carryforwards	$ 5,250,492		$ 5,050,176
Income Tax Expense (Benefit)	$ 0	$ 0

Note 5 - Warrants (Details Text

Note 5 - Warrants (Details Textual) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Feb. 24, 2013
Equity Unit, Original Price Per Unit at Issuance	$ 1,000
Equity Unit, Number of Shares of Common Stock in Each Unit	200
Equity Unit, Number of Common Stock Warrants in Each Unit	200
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 6
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		1,587,555	2,532,400
Stock Issued During Period, Shares, Warrants Exercised	354,794	944,845
Class of Warrant or Right, Value Per Share of Common Stock				$ 0.01
Class of Warrant or Right, Outstanding	0