US Alliance 10-Q 12 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Document Information [Line Items]
Entity Registrant Name	US Alliance Corp
Entity Central Index Key	0001463913
Trading Symbol	usac
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		7,712,494
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Available for sale securities	$ 41,773,918	$ 37,869,778
Policy loans	57,083	56,539
Total investments	41,831,001	37,926,317
Cash and cash equivalents	3,943,050	2,077,646
Investment income due and accrued	285,653	286,890
Reinsurance related assets	181,359	161,846
Deferred acquisition costs, net	2,752,733	2,757,404
Value of business acquired, net	570,145	580,297
Property, equipment and software, net	48,959	54,078
Goodwill	277,542	277,542
Other assets	417,799	406,969
Total assets	50,308,241	44,528,989
Liabilities:
Deposit-type contracts	17,993,557	16,626,218
Policyholder benefit reserves	16,171,857	14,697,519
Dividend accumulation	167,876	176,056
Advance premiums	73,326	56,736
Total policy liabilities	34,406,616	31,556,529
Accounts payable and accrued expenses	167,948	311,082
Other liabilities	14,179	28,712
Total liabilities	34,588,743	31,896,323
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,707,090 and 7,650,551 shares as of June 30, 2019 and December 31, 2018, respectively	770,710	765,056
Additional paid-in capital	23,141,692	22,989,443
Accumulated deficit	(9,695,078)	(8,937,404)
Accumulated other comprehensive income (loss)	1,502,174	(2,184,429)
Total shareholders' equity	15,719,498	12,632,666
Total liabilities and shareholders' equity	50,308,241	44,528,989
Fixed Maturities [Member]
Assets
Available for sale securities	30,038,199	26,882,239
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 11,735,719	$ 10,987,539

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Available for sale securities, amortized cost	$ 40,524,113	$ 40,054,185
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	7,707,090	7,650,551
Common stock, shares outstanding (in shares)	7,707,090	7,650,551
Fixed Maturities [Member]
Available for sale securities, amortized cost	$ 28,536,444	$ 27,957,697
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities, amortized cost	$ 11,987,699	$ 12,096,488

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income:
Premium income	$ 2,527,714	$ 2,442,384	$ 4,920,690	$ 4,874,480
Net investment income	451,106	377,624	861,038	700,770
Net realized gain (loss) on sale of securities	(14,528)	(327)	(14,528)	(327)
Unrealized gain on equity securites	118,614		845,817	0
Other income	12,259	6,748	25,058	15,994
Total income	3,095,165	2,826,429	6,638,075	5,590,917
Expenses:
Death claims	328,649	168,838	724,316	404,212
Policyholder benefits	1,168,467	1,188,097	2,305,295	2,315,779
Increase in policyholder reserves	757,098	710,976	1,437,658	1,507,612
Commissions, net of deferrals	194,064	167,821	413,599	319,978
Amortization of deferred acquisition costs	117,825	120,259	180,727	210,614
Amortization of value of business acquired	5,076	5,076	10,152	10,152
Salaries & benefits	250,895	268,492	502,727	543,340
Other operating expenses	307,873	373,698	722,515	858,816
Total expense	3,129,947	3,003,257	6,296,989	6,170,503
Net lncome (loss)	$ (34,782)	$ (176,828)	$ 341,086	$ (579,586)
Net income (loss) per common share, basic and diluted (in dollars per share)	$ 0	$ (0.02)	$ 0.04	$ (0.08)
Unrealized net holding gains (losses) arising during the period	$ 1,327,537	$ (515,501)	$ 2,573,315	$ (1,504,447)
Cumulative effect, adoption of accounting guidance on equity securities			1,098,760	0
Reclassification adjustment for (gains) losses included in net loss	14,528	327	14,528	327
Other comprehensive income (loss)	1,342,065	(515,174)	3,686,603	(1,504,120)
Comprehensive income (loss)	$ 1,307,283	$ (692,002)	$ 4,027,689	$ (2,083,706)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2017	7,310,939
Balance at Dec. 31, 2017	$ 731,095	$ 21,280,437	$ 405,438	$ (8,481,268)	$ 13,935,702
Common stock issued, $7 per share (in shares)	142,348
Common stock issued, $7 per share	$ 14,235	982,201			996,436
Costs associated with common stock issued		(277,431)			(277,431)
Other comprehensive loss			(1,504,120)		(1,504,120)
Net income (loss)				(579,586)	(579,586)
Cumulative effect, adoption of accounting guidance for equity sercurities					0
Balance (in shares) at Mar. 31, 2018	7,357,157
Balance at Mar. 31, 2018	$ 735,717	21,479,626	(583,508)	(8,884,026)	12,747,809
Common stock issued, $7 per share (in shares)	96,130
Common stock issued, $7 per share	$ 9,613	663,297			672,910
Costs associated with common stock issued		(157,716)			(157,716)
Other comprehensive loss			(515,174)		(515,174)
Net income (loss)				(176,828)	(176,828)
Cumulative effect, adoption of accounting guidance for equity sercurities
Balance (in shares) at Dec. 31, 2018	7,650,551
Balance at Dec. 31, 2018	$ 765,056	22,989,443	(2,184,429)	(8,937,404)	12,632,666
Common stock issued, $7 per share (in shares)	56,539
Common stock issued, $7 per share	$ 5,654	390,119			395,773
Costs associated with common stock issued		(237,870)			(237,870)
Other comprehensive loss			3,686,603		3,686,603
Net income (loss)				341,086	341,086
Cumulative effect, adoption of accounting guidance for equity sercurities				(1,098,760)	(1,098,760)
Balance (in shares) at Mar. 31, 2019	7,693,408
Balance at Mar. 31, 2019	$ 769,342	23,142,047	160,109	(9,660,296)	14,411,202
Common stock issued, $7 per share (in shares)	13,682
Common stock issued, $7 per share	$ 1,368	94,406			95,774
Costs associated with common stock issued		(94,761)			(94,761)
Other comprehensive loss			1,342,065		1,342,065
Net income (loss)				$ (34,782)	(34,782)
Cumulative effect, adoption of accounting guidance for equity sercurities

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
Common Stock [Member]
Common stock, price per share (in dollars per share)	$ 7	$ 7

Consolidated Statements of Ch_3

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2017	7,310,939
Balance at Dec. 31, 2017	$ 731,095	$ 21,280,437	$ 405,438	$ (8,481,268)	$ 13,935,702
Common stock issued, $7 per share (in shares)	142,348
Common stock issued, $7 per share	$ 14,235	982,201			996,436
Costs associated with common stock issued		(277,431)			(277,431)
Other comprehensive loss			(1,504,120)		(1,504,120)
Net income (loss)				(579,586)	(579,586)
Balance (in shares) at Jun. 30, 2018	7,453,287
Balance at Jun. 30, 2018	$ 745,330	21,985,207	(1,098,682)	(9,060,854)	12,571,001
Balance (in shares) at Mar. 31, 2018	7,357,157
Balance at Mar. 31, 2018	$ 735,717	21,479,626	(583,508)	(8,884,026)	12,747,809
Common stock issued, $7 per share (in shares)	96,130
Common stock issued, $7 per share	$ 9,613	663,297			672,910
Costs associated with common stock issued		(157,716)			(157,716)
Other comprehensive loss			(515,174)		(515,174)
Net income (loss)				(176,828)	(176,828)
Balance (in shares) at Jun. 30, 2018	7,453,287
Balance at Jun. 30, 2018	$ 745,330	21,985,207	(1,098,682)	(9,060,854)	12,571,001
Balance (in shares) at Dec. 31, 2018	7,650,551
Balance at Dec. 31, 2018	$ 765,056	22,989,443	(2,184,429)	(8,937,404)	12,632,666
Common stock issued, $7 per share (in shares)	56,539
Common stock issued, $7 per share	$ 5,654	390,119			395,773
Costs associated with common stock issued		(237,870)			(237,870)
Other comprehensive loss			3,686,603		3,686,603
Net income (loss)				341,086	341,086
Balance (in shares) at Jun. 30, 2019	7,707,090
Balance at Jun. 30, 2019	$ 770,710	23,141,692	1,502,174	(9,695,078)	15,719,498
Balance (in shares) at Mar. 31, 2019	7,693,408
Balance at Mar. 31, 2019	$ 769,342	23,142,047	160,109	(9,660,296)	14,411,202
Common stock issued, $7 per share (in shares)	13,682
Common stock issued, $7 per share	$ 1,368	94,406			95,774
Costs associated with common stock issued		(94,761)			(94,761)
Other comprehensive loss			1,342,065		1,342,065
Net income (loss)				(34,782)	(34,782)
Balance (in shares) at Jun. 30, 2019	7,707,090
Balance at Jun. 30, 2019	$ 770,710	$ 23,141,692	$ 1,502,174	$ (9,695,078)	$ 15,719,498

Consolidated Statements of Ch_4

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
Common Stock [Member]
Common stock, price per share (in dollars per share)	$ 7	$ 7

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net income (loss)	$ 341,086	$ (579,586)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,118	17,610
Net realized losses on the sale of securities	14,528	327
Unrealized gain on equity securities	(845,817)	0
Amortization of investment securities, net	17,055	27,965
Deferred acquisition costs capitalized	(176,056)	(155,219)
Deferred acquisition costs amortized	180,727	210,614
Value of business acquired amortized	10,152	10,152
Interest credited on deposit type contracts	328,583	260,441
(Increase) decrease in operating assets:
Investment income due and accrued	1,237	(28,758)
Reinsurance related assets	(19,513)	68,767
Other assets	(10,830)	34,070
Increase (decrease) in operating liabilities:
Policyowner benefit reserves	1,474,338	1,523,496
Dividend Accumulation	(8,180)
Advance premiums	16,590	20,920
Other liabilities	(14,533)	12,383
Accounts payable and accrued expenses	(143,134)	(2,355)
Net cash provided by operating activities	1,171,351	1,420,827
Cash Flows from Investing Activities:
Purchase of fixed income investments	(984,288)	(1,758,337)
Purchase of equity investments	(179,039)	(768,944)
Proceeds from fixed income sales and repayments	393,163	183,226
Proceeds from equity sales and repayments	268,101
Interest on policy loans	(723)	(1,156)
Decrease (increase) in policy loans	179	(13,801)
Purchase of property, equipment and software		(5,334)
Net cash used in investing activities	(502,607)	(2,364,346)
Cash Flows from Financing Activities:
Receipts on deposit-type contracts	1,921,482	2,197,360
Withdrawals on deposit-type contracts	(882,725)	(756,764)
Proceeds received from issuance of common stock, net of costs of issuance	157,903	719,005
Net cash provided by financing activities	1,196,660	2,159,601
Net increase in cash and cash equivalents	1,865,404	1,216,082
Cash and Cash Equivalents:
Beginning	2,077,646	651,809
Ending	$ 3,943,050	$ 1,867,891

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	Note 1. Description of business April 24, 2009 4123 240, 66604. 785 228 0200 www.usalliancecorporation.com USAC has five June 9, 2011, April 23, 2012, April 23, 2012 August 1, 2017 December 14, 2018. 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, February 24, 2017 April 1, 2016. February 24, 2019 February 24, 2020. 4 th 2017, USALSC and DCLIC seek opportunities to develop and market additional products. Our business model also anticipates the acquisition by USAC and/or USALSC of other insurance and insurance related companies, including third Basis of presentation : 10 10 X. not The results of operation for the three six June 30, 2019 not December 31, 2019 not 10 December 31, 2018. Principles of consolidation Area of Operation: Reclassifications no Common stock and earnings (loss) per share: $0.10 20,000,000 June 30, 2019, December 31, 2018, 7,707,090 7,650,551 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 quarters ended June 30, 2019 2018 7,697,969 7,389,200 six June 30, 2019 2018 7,673,690 7,346,064 six June 30, 2019 2018. New accounting standards Revenue from Contracts with Customers In May 2014, not The following steps are applied in the updated guidance: ( 1 2 3 4 5 In July 2015, one March 31, 2018. December 31, 2019 December 31, 2019. not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. December 15, 2018. not not Leases In February 2016, 12 two no not The updated guidance is effective for reporting periods beginning after December 15, 2018, December 15, 2019. not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. December 15, 2017. not 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 The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. December 15, 2020. not Classification of Certain Cash Receipts and Cash Payment In August 2016, eight not December 15, 2017, December 15, 2018. not Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 22, 2017, H.R.1, 2018 February 2018, December 15, 2018, not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 2018 12 not 2018 12 December 15, 2020, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Investment [Text Block]	Note 2. The amortized cost and fair value of available for sale and held to maturity investments as of June 30, 2019 December 31, 2018 June 30, 2019 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 604,599 $ 7,170 $ - $ 611,769 Corporate bonds 17,569,029 979,625 (71,441 ) 18,477,213 Municipal bonds 6,551,992 521,129 - 7,073,121 Redeemable preferred stock 99,560 2,760 - 102,320 Mortgage backed and asset backed securities 3,711,264 70,522 (8,010 ) 3,773,776 Total fixed maturities 28,536,444 1,581,206 (79,451 ) 30,038,199 Equities: Equities 11,987,669 102,210 (354,160 ) 11,735,719 Total available for sale $ 40,524,113 $ 1,683,416 $ (433,611 ) $ 41,773,918 December 31, 2018 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 597,265 $ - $ (27,325 ) $ 569,940 Corporate bonds 16,847,623 43,051 (1,048,313 ) 15,842,361 Municipal bonds 6,559,854 118,890 (80,631 ) 6,598,113 Redeemable preferred stock 99,560 - (8,720 ) 90,840 Mortgage backed and asset backed securities 3,853,395 11,425 (83,835 ) 3,780,985 Total fixed maturities 27,957,697 173,366 (1,248,824 ) 26,882,239 Equities: Equities 12,096,488 31,505 (1,140,454 ) 10,987,539 Total available for sale $ 40,054,185 $ 204,871 $ (2,389,278 ) $ 37,869,778 The amortized cost and fair value of debt securities as of June 30, 2019 December 31, 2018, not not may may US Alliance Corporation Notes to Consolidated Financial Statements (unaudited) As of June 30, 2019 As of December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Amounts maturing in: After one year through five years $ 1,426,791 $ 1,463,196 $ 1,472,228 $ 1,462,745 After five years through ten years 2,436,981 2,583,369 2,101,676 2,055,173 More than 10 years 20,861,848 22,115,538 20,430,838 19,492,496 Redeemable preferred stocks 99,560 102,320 99,560 90,840 Mortgage backed and asset backed securities 3,711,264 3,773,776 3,853,395 3,780,985 Total amortized cost and fair value $ 28,536,444 $ 30,038,199 $ 27,957,697 $ 26,882,239 Proceeds from the sale of securities, maturities, and asset paydowns for the first six 2019 2018 $661,264 $183,226 Six Months Ended June 30, (unaudited) 2019 2018 Gross gains $ 3,951 $ 530 Gross losses (18,479 ) (857 ) Net security gains (losses) $ (14,528 ) $ (327 ) Proceeds from the sale of securities, maturities, and asset paydowns for the three June 30, 2019 2018 $608,682 $155,100 Three Months Ended June 30, (unaudited) 2019 2018 Gross gains $ 3,951 $ 530 Gross losses (18,479 ) (857 ) Net security gains $ (14,528 ) $ (327 ) 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 June 30, 2019 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ - $ - $ - $ - $ - $ - Corporate bonds - - 2,114,270 (71,441 ) 2,114,270 (71,441 ) Municipal bonds - - - - - - Redeemable preferred stock - - - - - - Mortgage backed and asset backed securities - - 651,830 (8,010 ) 651,830 (8,010 ) Total fixed maturities - - 2,766,100 (79,451 ) 2,766,100 (79,451 ) Equities: Equities 1,026,307 (23,549 ) 8,209,041 (330,611 ) 9,235,348 (354,160 ) Total available for sale $ 1,026,307 $ (23,549 ) $ 10,975,141 $ (410,062 ) $ 12,001,448 $ (433,611 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2018 Available for sale: Fixed maturities: US Treasury securities $ 251,206 $ (27,325 ) $ - $ - $ 251,206 $ (27,325 ) Corporate bonds 11,743,222 (948,539 ) 830,239 (99,774 ) 12,573,461 (1,048,313 ) Municipal bonds 2,114,260 (51,267 ) 859,305 (29,364 ) 2,973,565 (80,631 ) Redeemable preferred stock 90,840 (8,720 ) - - 90,840 (8,720 ) Mortgage backed and asset backed securities 544,714 (6,656 ) 2,448,551 (77,179 ) 2,993,265 (83,835 ) Total fixed maturities 14,744,242 (1,042,507 ) 4,138,095 (206,317 ) 18,882,337 (1,248,824 ) Equities: Equities 3,312,528 (228,148 ) 7,440,504 (912,306 ) 10,753,032 (1,140,454 ) Total available for sale $ 18,056,770 $ (1,270,655 ) $ 11,578,599 $ (1,118,623 ) $ 29,635,369 $ (2,389,278 ) 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 June 30, 2019 29, $433,611 29 11 8 1 2 2 1 4 no June 30, 2019 December 31, 2018. US Alliance Corporation Notes to Consolidated Financial Statements (unaudited)

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
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 ● Level 3 Investments, available for sale third third The following table presents the amounts of assets measured at fair value on a recurring basis as of June 30, 2019 December 31, 2018: June 30, 2019 Total Level 1 Level 2 Level 3 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 611,769 $ 611,769 $ - $ - Corporate bonds 18,477,213 - 18,281,213 196,000 Municipal bonds 7,073,121 - 7,073,121 - Redeemable preferred stock 102,320 - 102,320 - Mortgage backed and asset backed securities 3,773,776 - 3,773,776 - Total fixed maturities 30,038,199 611,769 29,230,430 196,000 Equities: Equities 11,735,719 11,735,719 - - Total $ 41,773,918 $ 12,347,488 $ 29,230,430 $ 196,000 December 31, 2018 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 569,940 $ 569,940 $ - $ - Corporate bonds 15,842,361 - 15,642,361 200,000 Municipal bonds 6,598,113 - 6,598,113 - Redeemable preferred stock 90,840 - 90,840 - Mortgage backed and asset backed securities 3,780,985 - 3,780,985 - Total fixed maturities 26,882,239 569,940 26,112,299 200,000 Equities: Equities 10,987,539 10,987,539 - - Total $ 37,869,778 $ 11,557,479 $ 26,112,299 $ 200,000 The Company discloses the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not Cash and cash equivalents Investment income due and accrued: Policy loans Policyholder deposits in deposit-type contracts The estimated fair values of the Company’s financial assets and liabilities at June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,943,050 $ 3,943,050 $ 2,077,646 $ 2,077,646 Investment income due and accrued 285,653 285,653 286,890 286,890 Investments, at fair value 41,831,001 41,831,001 37,926,317 37,926,317 Total Financial Assets $ 46,059,704 $ 46,059,704 $ 40,290,853 $ 40,290,853 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 17,993,557 $ 17,429,418 $ 16,626,218 $ 15,361,164 Total Financial Liabilities $ 17,993,557 $ 17,429,418 $ 16,626,218 $ 15,361,164

Note 4 - Income Tax Provision

Note 4 - Income Tax Provision	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 4. No June 30, 2019 2018 100% The net operating loss carryforwards for the Company are $00,000,000 $12,938,533 June 30, 2019 December 31, 2018, 100

Note 5 - Subsequent Events

Note 5 - Subsequent Events	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	Note 5. 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 not The Company has evaluated subsequent events through August 00, 2019,

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation : The results of operation for the three and six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the year ended December 31, 2019 or for any other interim period or for any other future year. Certain financial information which is normally included in notes to financial statements prepared in accordance with US GAAP, but which are not required for interim reporting purposes, has been condensed or omitted. The accompanying financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto included in the Company’s report on Form 10-K and amendments thereto for the year ended December 31, 2018.
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: USALSC is authorized to operate in the states of Kansas, North Dakota, Missouri, Nebraska and Oklahoma. DCLIC is authorized to operate in the states of North Dakota and South Dakota. USALSC-Montana is authorized to operate in the state of Montana.
Reclassification, Policy [Policy Text Block]	Reclassifications no
Earnings Per Share, Policy [Policy Text Block]	Common stock and earnings (loss) per share: $0.10 20,000,000 June 30, 2019, December 31, 2018, 7,707,090 7,650,551 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 quarters ended June 30, 2019 2018 7,697,969 7,389,200 six June 30, 2019 2018 7,673,690 7,346,064 six June 30, 2019 2018.
New Accounting Pronouncements, Policy [Policy Text Block]	New accounting standards Revenue from Contracts with Customers In May 2014, not The following steps are applied in the updated guidance: ( 1 2 3 4 5 In July 2015, one March 31, 2018. December 31, 2019 December 31, 2019. not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. December 15, 2018. not not Leases In February 2016, 12 two no not The updated guidance is effective for reporting periods beginning after December 15, 2018, December 15, 2019. not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. December 15, 2017. not 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 The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. December 15, 2020. not Classification of Certain Cash Receipts and Cash Payment In August 2016, eight not December 15, 2017, December 15, 2018. not Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 22, 2017, H.R.1, 2018 February 2018, December 15, 2018, not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 2018 12 not 2018 12 December 15, 2020, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Available-for-sale Securities [Table Text Block]	June 30, 2019 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 604,599 $ 7,170 $ - $ 611,769 Corporate bonds 17,569,029 979,625 (71,441 ) 18,477,213 Municipal bonds 6,551,992 521,129 - 7,073,121 Redeemable preferred stock 99,560 2,760 - 102,320 Mortgage backed and asset backed securities 3,711,264 70,522 (8,010 ) 3,773,776 Total fixed maturities 28,536,444 1,581,206 (79,451 ) 30,038,199 Equities: Equities 11,987,669 102,210 (354,160 ) 11,735,719 Total available for sale $ 40,524,113 $ 1,683,416 $ (433,611 ) $ 41,773,918 December 31, 2018 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 597,265 $ - $ (27,325 ) $ 569,940 Corporate bonds 16,847,623 43,051 (1,048,313 ) 15,842,361 Municipal bonds 6,559,854 118,890 (80,631 ) 6,598,113 Redeemable preferred stock 99,560 - (8,720 ) 90,840 Mortgage backed and asset backed securities 3,853,395 11,425 (83,835 ) 3,780,985 Total fixed maturities 27,957,697 173,366 (1,248,824 ) 26,882,239 Equities: Equities 12,096,488 31,505 (1,140,454 ) 10,987,539 Total available for sale $ 40,054,185 $ 204,871 $ (2,389,278 ) $ 37,869,778
Investments Classified by Contractual Maturity Date [Table Text Block]	As of June 30, 2019 As of December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Amounts maturing in: After one year through five years $ 1,426,791 $ 1,463,196 $ 1,472,228 $ 1,462,745 After five years through ten years 2,436,981 2,583,369 2,101,676 2,055,173 More than 10 years 20,861,848 22,115,538 20,430,838 19,492,496 Redeemable preferred stocks 99,560 102,320 99,560 90,840 Mortgage backed and asset backed securities 3,711,264 3,773,776 3,853,395 3,780,985 Total amortized cost and fair value $ 28,536,444 $ 30,038,199 $ 27,957,697 $ 26,882,239
Realized Gain (Loss) on Investments [Table Text Block]	Six Months Ended June 30, (unaudited) 2019 2018 Gross gains $ 3,951 $ 530 Gross losses (18,479 ) (857 ) Net security gains (losses) $ (14,528 ) $ (327 ) Three Months Ended June 30, (unaudited) 2019 2018 Gross gains $ 3,951 $ 530 Gross losses (18,479 ) (857 ) Net security gains $ (14,528 ) $ (327 )
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 June 30, 2019 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ - $ - $ - $ - $ - $ - Corporate bonds - - 2,114,270 (71,441 ) 2,114,270 (71,441 ) Municipal bonds - - - - - - Redeemable preferred stock - - - - - - Mortgage backed and asset backed securities - - 651,830 (8,010 ) 651,830 (8,010 ) Total fixed maturities - - 2,766,100 (79,451 ) 2,766,100 (79,451 ) Equities: Equities 1,026,307 (23,549 ) 8,209,041 (330,611 ) 9,235,348 (354,160 ) Total available for sale $ 1,026,307 $ (23,549 ) $ 10,975,141 $ (410,062 ) $ 12,001,448 $ (433,611 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2018 Available for sale: Fixed maturities: US Treasury securities $ 251,206 $ (27,325 ) $ - $ - $ 251,206 $ (27,325 ) Corporate bonds 11,743,222 (948,539 ) 830,239 (99,774 ) 12,573,461 (1,048,313 ) Municipal bonds 2,114,260 (51,267 ) 859,305 (29,364 ) 2,973,565 (80,631 ) Redeemable preferred stock 90,840 (8,720 ) - - 90,840 (8,720 ) Mortgage backed and asset backed securities 544,714 (6,656 ) 2,448,551 (77,179 ) 2,993,265 (83,835 ) Total fixed maturities 14,744,242 (1,042,507 ) 4,138,095 (206,317 ) 18,882,337 (1,248,824 ) Equities: Equities 3,312,528 (228,148 ) 7,440,504 (912,306 ) 10,753,032 (1,140,454 ) Total available for sale $ 18,056,770 $ (1,270,655 ) $ 11,578,599 $ (1,118,623 ) $ 29,635,369 $ (2,389,278 )

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	June 30, 2019 Total Level 1 Level 2 Level 3 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 611,769 $ 611,769 $ - $ - Corporate bonds 18,477,213 - 18,281,213 196,000 Municipal bonds 7,073,121 - 7,073,121 - Redeemable preferred stock 102,320 - 102,320 - Mortgage backed and asset backed securities 3,773,776 - 3,773,776 - Total fixed maturities 30,038,199 611,769 29,230,430 196,000 Equities: Equities 11,735,719 11,735,719 - - Total $ 41,773,918 $ 12,347,488 $ 29,230,430 $ 196,000 December 31, 2018 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 569,940 $ 569,940 $ - $ - Corporate bonds 15,842,361 - 15,642,361 200,000 Municipal bonds 6,598,113 - 6,598,113 - Redeemable preferred stock 90,840 - 90,840 - Mortgage backed and asset backed securities 3,780,985 - 3,780,985 - Total fixed maturities 26,882,239 569,940 26,112,299 200,000 Equities: Equities 10,987,539 10,987,539 - - Total $ 37,869,778 $ 11,557,479 $ 26,112,299 $ 200,000
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2019 December 31, 2018 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,943,050 $ 3,943,050 $ 2,077,646 $ 2,077,646 Investment income due and accrued 285,653 285,653 286,890 286,890 Investments, at fair value 41,831,001 41,831,001 37,926,317 37,926,317 Total Financial Assets $ 46,059,704 $ 46,059,704 $ 40,290,853 $ 40,290,853 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 17,993,557 $ 17,429,418 $ 16,626,218 $ 15,361,164 Total Financial Liabilities $ 17,993,557 $ 17,429,418 $ 16,626,218 $ 15,361,164

Note 1 - Description of Busin_2

Note 1 - Description of Business and Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2019$ / sharesshares	Jun. 30, 2018shares	Jun. 30, 2019$ / sharesshares	Jun. 30, 2018shares	Dec. 31, 2018$ / sharesshares
Number of Wholly-Owned Operating Subsidiaries	5		5
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.10		$ 0.10		$ 0.10
Common Stock, Shares Authorized	20,000,000		20,000,000		20,000,000
Common Stock, Shares, Issued, Total	7,707,090		7,707,090		7,650,551
Weighted Average Number of Shares Outstanding, Basic and Diluted	7,697,969	7,389,200	7,673,690	7,346,064
Common Stock, Shares, Outstanding, Ending Balance	7,707,090		7,707,090		7,650,551

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Proceeds from Sale, Maturity and Collection of Investments, Total	$ 608,682	$ 155,100	$ 661,264	$ 183,226
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	29		29
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax, Total	$ 433,611		$ 433,611		$ 2,389,278
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total			$ 0		$ 0
Fixed Income Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	11		11
Collateralized Mortgage Backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	8		8
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		1
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	2		2
Preferred Stock Index Fund [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	2		2
Senior Loan Fund [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		1
Common Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	4		4

Note 2 - Investments - Amortize

Note 2 - Investments - Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Investments (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Cost or Amortized Cost	$ 40,524,113	$ 40,054,185
Gross Unrealized Gains	1,683,416	204,871
Gross Unrealized Losses	(433,611)	(2,389,278)
Investments in available-for-sale securities, at fair value	41,773,918	37,869,778
Fixed Maturities [Member]
Cost or Amortized Cost	28,536,444	27,957,697
Gross Unrealized Gains	1,581,206	173,366
Gross Unrealized Losses	(79,451)	(1,248,824)
Investments in available-for-sale securities, at fair value	30,038,199	26,882,239
Equity Securities [Member]
Cost or Amortized Cost	11,987,669	12,096,488
Gross Unrealized Gains	102,210	31,505
Gross Unrealized Losses	(354,160)	(1,140,454)
Investments in available-for-sale securities, at fair value	11,735,719	10,987,539
US Treasury Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	604,599	597,265
Gross Unrealized Gains	7,170
Gross Unrealized Losses		(27,325)
Investments in available-for-sale securities, at fair value	611,769	569,940
Corporate Debt Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	17,569,029	16,847,623
Gross Unrealized Gains	979,625	43,051
Gross Unrealized Losses	(71,441)	(1,048,313)
Investments in available-for-sale securities, at fair value	18,477,213	15,842,361
US States and Political Subdivisions Debt Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	6,551,992	6,559,854
Gross Unrealized Gains	521,129	118,890
Gross Unrealized Losses		(80,631)
Investments in available-for-sale securities, at fair value	7,073,121	6,598,113
Redeemable Preferred Stock [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	99,560	99,560
Gross Unrealized Gains	2,760
Gross Unrealized Losses		(8,720)
Investments in available-for-sale securities, at fair value	102,320	90,840
Collateralized Mortgage Backed Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	3,711,264	3,853,395
Gross Unrealized Gains	70,522	11,425
Gross Unrealized Losses	(8,010)	(83,835)
Investments in available-for-sale securities, at fair value	$ 3,773,776	$ 3,780,985

Note 2 - Investments - Amorti_2

Note 2 - Investments - Amortized Cost and Fair Value of Debt Securities By Contractual Maturity (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
After one year through five years, amortized cost	$ 1,426,791	$ 1,472,228
After one year through five years, fair value	1,463,196	1,462,745
After five years through ten years, amortized cost	2,436,981	2,101,676
After five years through ten years, fair value	2,583,369	2,055,173
More than 10 years, amortized cost	20,861,848	20,430,838
More than 10 years, fair value	22,115,538	19,492,496
Total amortized cost and fair value	28,536,444	27,957,697
Total amortized cost and fair value	30,038,199	26,882,239
Redeemable Preferred Stock [Member]
Debt securities, amortized cost	99,560	99,560
Debt securities, fair value	102,320	90,840
Collateralized Mortgage Backed Securities [Member]
Debt securities, amortized cost	3,711,264	3,853,395
Debt securities, fair value	$ 3,773,776	$ 3,780,985

Note 3 - Investments - Realized

Note 3 - Investments - Realized Gains and Losses Related to the Sale of Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Gross gains	$ 3,951	$ 530	$ 3,951	$ 530
Gross losses	(18,479)	(857)	(18,479)	(857)
Net security gains (losses)	$ (14,528)	$ (327)	$ (14,528)	$ (327)

Note 3 - Investments - Gross Un

Note 3 - Investments - Gross Unrealized Losses (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale securities, less than 12 months, fair value	$ 1,026,307	$ 18,056,770
Available-for-sale securities, less than 12 months, unrealized loss	(23,549)	(1,270,655)
Available-for-sale securities, greater than 12 months, fair value	10,975,141	11,578,599
Available-for-sale securities, greater than 12 months, unrealized loss	(410,062)	(1,118,623)
Available-for-sale securities, fair value	12,001,448	29,635,369
Available-for-sale securities, unrealized loss	(433,611)	(2,389,278)
Fixed Maturities [Member]
Available-for-sale securities, less than 12 months, fair value		14,744,242
Available-for-sale securities, less than 12 months, unrealized loss		(1,042,507)
Available-for-sale securities, greater than 12 months, fair value	2,766,100	4,138,095
Available-for-sale securities, greater than 12 months, unrealized loss	(79,451)	(206,317)
Available-for-sale securities, fair value	2,766,100	18,882,337
Available-for-sale securities, unrealized loss	(79,451)	(1,248,824)
Fixed Maturities [Member] | US Treasury Securities [Member]
Available-for-sale securities, less than 12 months, fair value		251,206
Available-for-sale securities, less than 12 months, unrealized loss		(27,325)
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		251,206
Available-for-sale securities, unrealized loss		(27,325)
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value		11,743,222
Available-for-sale securities, less than 12 months, unrealized loss		(948,539)
Available-for-sale securities, greater than 12 months, fair value	2,114,270	830,239
Available-for-sale securities, greater than 12 months, unrealized loss	(71,441)	(99,774)
Available-for-sale securities, fair value	2,114,270	12,573,461
Available-for-sale securities, unrealized loss	(71,441)	(1,048,313)
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value		2,114,260
Available-for-sale securities, less than 12 months, unrealized loss		(51,267)
Available-for-sale securities, greater than 12 months, fair value		859,305
Available-for-sale securities, greater than 12 months, unrealized loss		(29,364)
Available-for-sale securities, fair value		2,973,565
Available-for-sale securities, unrealized loss		(80,631)
Fixed Maturities [Member] | Redeemable Preferred Stock [Member]
Available-for-sale securities, less than 12 months, fair value		90,840
Available-for-sale securities, less than 12 months, unrealized loss		(8,720)
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		90,840
Available-for-sale securities, unrealized loss		(8,720)
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, less than 12 months, fair value		544,714
Available-for-sale securities, less than 12 months, unrealized loss		(6,656)
Available-for-sale securities, greater than 12 months, fair value	651,830	2,448,551
Available-for-sale securities, greater than 12 months, unrealized loss	(8,010)	(77,179)
Available-for-sale securities, fair value	651,830	2,993,265
Available-for-sale securities, unrealized loss	(8,010)	(83,835)
Equity Securities [Member]
Available-for-sale securities, less than 12 months, fair value	1,026,307	3,312,528
Available-for-sale securities, less than 12 months, unrealized loss	(23,549)	(228,148)
Available-for-sale securities, greater than 12 months, fair value	8,209,041	7,440,504
Available-for-sale securities, greater than 12 months, unrealized loss	(330,611)	(912,306)
Available-for-sale securities, fair value	9,235,348	10,753,032
Available-for-sale securities, unrealized loss	$ (354,160)	$ (1,140,454)

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investments in available-for-sale securities, at fair value	$ 41,773,918	$ 37,869,778
Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	41,773,918	37,869,778
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	12,347,488	11,557,479
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	29,230,430	26,112,299
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	196,000	200,000
Fixed Maturities [Member]
Investments in available-for-sale securities, at fair value	30,038,199	26,882,239
Fixed Maturities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	30,038,199	26,882,239
Fixed Maturities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	611,769	569,940
Fixed Maturities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	29,230,430	26,112,299
Fixed Maturities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	196,000	200,000
Fixed Maturities [Member] | US Treasury Securities [Member]
Investments in available-for-sale securities, at fair value	611,769	569,940
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	611,769	569,940
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	611,769	569,940
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Investments in available-for-sale securities, at fair value	18,477,213	15,842,361
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	18,477,213	15,842,361
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	18,281,213	15,642,361
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	196,000	200,000
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Investments in available-for-sale securities, at fair value	7,073,121	6,598,113
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	7,073,121	6,598,113
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	7,073,121	6,598,113
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Redeemable Preferred Stock [Member]
Investments in available-for-sale securities, at fair value	102,320	90,840
Fixed Maturities [Member] | Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	102,320	90,840
Fixed Maturities [Member] | Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	102,320	90,840
Fixed Maturities [Member] | Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Investments in available-for-sale securities, at fair value	3,773,776	3,780,985
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	3,773,776	3,780,985
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	3,773,776	3,780,985
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value
Equity Securities [Member]
Investments in available-for-sale securities, at fair value	11,735,719	10,987,539
Equity Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	11,735,719	10,987,539
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	11,735,719	10,987,539
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	$ 3,943,050	$ 2,077,646
Investment income due and accrued	285,653	286,890
Investments, at fair value	41,831,001	37,926,317
Total Financial Assets	46,059,704	40,290,853
Financial Liabilities:
Policyholder deposits in deposit-type contracts	17,993,557	16,626,218
Total Financial Liabilities	17,993,557	16,626,218
Estimate of Fair Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	3,943,050	2,077,646
Investment income due and accrued	285,653	286,890
Investments, at fair value	41,831,001	37,926,317
Total Financial Assets	46,059,704	40,290,853
Financial Liabilities:
Policyholder deposits in deposit-type contracts	17,429,418	15,361,164
Total Financial Liabilities	$ 17,429,418	$ 15,361,164

Note 4 - Income Tax Provision (

Note 4 - Income Tax Provision (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Expense (Benefit), Total	$ 0	$ 0
Deferred Tax Assets, Valuation Allowance, Percentage	100.00%	100.00%
Operating Loss Carryforwards, Total	$ 0		$ 12,938,533