US Alliance 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 03, 2023
Document Information [Line Items]
Entity Central Index Key	0001463913
Entity Registrant Name	US Alliance Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-55627
Entity Incorporation, State or Country Code	KS
Entity Tax Identification Number	26-4824142
Entity Address, Address Line One	1303 SW First American Pl, Suite 200
Entity Address, City or Town	Topeka
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66604
City Area Code	785
Local Phone Number	228-0200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,746,922

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Available for sale fixed maturity securities (amortized cost: $70,218,924 and $70,615,724 as of March 31, 2023 and December 31, 2022, respectively)	$ 65,716,665	$ 65,316,077
Equity securities, at fair value	7,578,511	7,395,044
Mortgage loans on real estate (net of allowance for credit losses of $137,148 as of March 31, 2023)	25,284,983	23,790,073
Other invested assets	1,985,441	1,760,777
Policy loans	35,747	34,980
Real estate, net of depreciation	1,366,360	1,373,716
Total investments	101,967,707	99,670,667
Cash and cash equivalents	4,044,010	4,091,507
Investment income due and accrued	2,189,269	2,086,365
Reinsurance related assets	290,777	125,549
Deferred acquisition costs, net	5,393,700	5,629,002
Value of business acquired, net	2,495,288	2,518,393
Property, equipment and software, net	164,320	132,475
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	3,294,522	3,294,522
Other assets	458,546	472,275
Total assets	120,575,681	118,298,297
Liabilities:
Deposit-type contracts	78,341,879	79,035,350
Policyholder benefit reserves	30,464,718	29,411,984
Dividend accumulation	122,662	121,687
Advance premiums	165,199	168,782
Total policy liabilities	109,094,458	108,737,803
Accounts payable and accrued expenses	1,375,809	448,805
Federal Home Loan Bank advance	(1,000,000)	(1,000,000)
Other liabilities	78,134	42,295
Total liabilities	111,548,401	110,228,903
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,746,922 shares as of March 31, 2023 and December 31, 2022	774,693	774,693
Additional paid-in capital	22,955,458	22,955,458
Accumulated deficit	(11,694,559)	(11,819,637)
Accumulated other comprehensive loss	(3,008,312)	(3,841,120)
Total shareholders' equity	9,027,280	8,069,394
Total liabilities and shareholders' equity	$ 120,575,681	$ 118,298,297

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)	Mar. 31, 2023 USD ($) $ / shares shares
Available for sale securities, amortized cost | $	$ 70,218,924
Allowance for credit loss | $	$ 137,148
Common stock, par value (in dollars per share) | $ / shares	$ 0.10
Common stock, shares authorized (in shares)	20,000,000
Common stock, shares issued (in shares)	7,746,922
Common stock, shares outstanding (in shares)	7,746,922

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Premium income	$ 3,341,325	$ 3,362,256
Net investment income	1,505,610	1,151,622
Net investment gains (losses)	347,102	(732,653)
Other income	83,788	79,565
Total income	5,277,825	3,860,790
Expenses:
Death claims	941,702	797,288
Policyholder benefits	1,564,035	1,659,985
Increase in policyholder reserves	1,047,878	1,196,350
Commissions, net of deferrals	171,731	190,334
Amortization of deferred acquisition costs	367,122	275,698
Amortization of value of business acquired	23,105	23,105
Salaries & benefits	363,288	324,059
Other operating expenses	523,513	541,402
Total expense	5,002,374	5,008,221
Net income (loss)	$ 275,451	$ (1,147,431)
Net income (loss) per common share, basic and diluted (in dollars per share)	$ 0.04	$ (0.15)
Unrealized net holding gains (losses) arising during the period, net of tax	$ 832,285	$ (3,218,556)
Reclassification adjustment for losses included in net income (loss)	523	495
Other comprehensive income (loss)	832,808	(3,218,061)
Comprehensive income (loss)	$ 1,108,259	$ (4,365,492)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021						7,745,404
Balance at Dec. 31, 2021						$ 774,541	$ 22,948,637	$ 2,521,730	$ (8,663,152)	$ 17,581,756
Common stock issued, $7 per share (in shares)						1,268
Common stock issued, $7 per share						$ 127	8,749	0	0	8,876
Costs associated with common stock issued						0	(1,705)	0	0	(1,705)
Other comprehensive income (loss)						0	0	(3,218,061)	0	(3,218,061)
Net income (loss)						$ 0	0	0	(1,147,431)	(1,147,431)
Balance (in shares) at Mar. 31, 2022						7,746,672
Balance at Mar. 31, 2022						$ 774,668	22,955,681	(696,331)	(9,810,583)	13,223,435
Balance (in shares) at Dec. 31, 2022						7,746,922
Balance at Dec. 31, 2022	$ 0	$ 0	$ 0	$ (150,373)	$ (150,373)	$ 774,693	22,955,458	(3,841,120)	(11,819,637)	8,069,394
Other comprehensive income (loss)						0	0	832,808	0	832,808
Net income (loss)						$ 0	0	0	275,451	275,451
Balance (in shares) at Mar. 31, 2023						7,746,922
Balance at Mar. 31, 2023						$ 774,693	$ 22,955,458	$ (3,008,312)	$ (11,694,559)	$ 9,027,280

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals)	Mar. 31, 2022 $ / shares
Common stock, price per share (in dollars per share)	$ 7

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income (loss)	$ 275,451	$ (1,147,431)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,862	10,543
Net (gains) losses realized on the sale of securities and net credit losses recognized in operations	(198,310)	641
Unrealized (gains) losses on equity securities	(246,126)	449,795
Change in fair value of embedded derivative	97,334	282,217
(Accretion) amortization of investment securities, net	(127,339)	43,567
Deferred acquisition costs capitalized	(131,820)	(108,618)
Deferred acquisition costs amortized	367,122	275,698
Value of business acquired amortized	23,105	23,105
Interest credited on deposit type contracts	431,983	304,017
(Increase) decrease in operating assets:
Change in funds withheld	0	(454,194)
Investment income due and accrued	(102,904)	184,610
Reinsurance related assets	(165,228)	8,627
Other assets	13,729	166,827
Increase (decrease) in operating liabilities:
Policyowner benefit reserves	1,052,734	1,213,223
Dividend accumulation	975	548
Advance premiums	(3,583)	30,829
Other liabilities	35,839	11,493
Accounts payable and accrued expenses	927,004	11,612
Net cash provided by operating activities	2,261,828	1,307,109
Cash Flows from investing activities:
Purchase of equity investments	(1,308)	(843,310)
Purchase of mortgage investments	(1,673,256)	(2,101,335)
Purchase of other invested assets	(120,091)	0
Proceeds from equity sales	44,835	309,668
Proceeds from mortgage repayments	1,503	2,528,264
Increase in policy loans	(767)	(40,629)
Purchase of property, equipment and software	(36,353)	(3,602)
Net cash used in investing activities	(1,183,871)	(405,655)
Cash Flows from financing activities:
Receipts on deposit-type contracts	1,518,509	1,129,420
Withdrawals on deposit-type contracts	(2,643,963)	(567,239)
Proceeds received from issuance of common stock, net of costs of issuance	0	7,171
Net cash provided by (used in) financing activities	(1,125,454)	569,352
Net increase (decrease) in cash and cash equivalents	(47,497)	1,470,806
Cash and Cash Equivalents:
Beginning	4,091,507	7,955,348
Ending	4,044,010	9,426,154
Supplemental Disclosure of Non-Cash Information
Funds withheld assumed deposits on deposit-type contracts	0	379,827
Funds withheld assumed withdrawals on deposit-type contracts	0	(260,972)
Commissions and expense allowances deducted from funds withheld	0	(277,439)
Fixed Income Investments [Member]
Cash Flows from investing activities:
Purchase of fixed income investments	(1,088,214)	(459,249)
Proceeds from fixed income sales and repayments	$ 1,689,780	$ 204,538

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	1. Description of Business and Significant Accounting Policies Description of business April 24, 2009 1303 200, 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, 2024. fourth 2017, USALSC received a Certificate of Authority from the Kansas Insurance Department ("KID") effective January 2, 2012, first May 1, 2013. January 24, 2012. USALSC and DCLIC seek opportunities to develop and market additional products. The Company’s 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 March 31, 2023 not December 31, 2023 not 10 December 31, 2022. Principles of consolidation Area of Operation: Reclassifications no Common stock and income (loss) per share: March 31, 2023, December 31, 2022, Income (loss) per share attributable to USAC’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, 2023 2022 no three March 31, 2023 2022. New accounting standards Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 March 31, 2021. 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2018. December 31, 2022 December 15, 2022. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 2018 12 not 2018 12 December 15, 2023, 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	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Investment Holdings [Text Block]	Note 2. Investments Fixed Maturity The amortized cost and fair value of available for sale investments as of March 31, 2023 December 31, 2022 March 31, 2023 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 781,660 $ 895 $ (41,739 ) $ 740,816 Corporate bonds 18,991,120 1,175 (2,643,662 ) 16,348,633 Municipal bonds 6,223,405 8,958 (582,559 ) 5,649,804 Redeemable preferred stock 3,871,039 587 (445,298 ) 3,426,328 Term loans 18,141,181 164,592 (150,865 ) 18,154,908 Mortgage backed and asset backed securities 22,210,519 258,327 (1,072,670 ) 21,396,176 Total available for sale $ 70,218,924 $ 434,534 $ (4,936,793 ) $ 65,716,665 December 31, 2022 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 993,805 $ 36,313 $ (5,031 ) $ 1,025,087 Corporate bonds 19,018,738 722 (3,150,382 ) 15,869,078 Municipal bonds 6,228,636 - (808,227 ) 5,420,409 Redeemable preferred stock 3,875,526 - (519,911 ) 3,355,615 Term loans 18,086,124 209,989 (146,395 ) 18,149,718 Mortgage backed and asset backed securities 22,412,895 157,795 (1,074,520 ) 21,496,170 Total available for sale $ 70,615,724 $ 404,819 $ (5,704,466 ) $ 65,316,077 The amortized cost and fair value of debt securities as of March 31, 2023 December 31, 2022, may may As of March 31, 2023 As of December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Amounts maturing in: One year or less $ 100,631 $ 99,638 $ 442,846 $ 450,461 After one year through five years 17,148,985 17,104,575 17,048,721 17,035,270 After five years through ten years 5,563,633 5,469,445 5,498,364 5,340,498 More than 10 years 21,324,117 18,220,503 21,337,372 17,638,063 Redeemable preferred stocks 3,871,039 3,426,328 3,875,526 3,355,615 Mortgage backed and asset backed securities 22,210,519 21,396,176 22,412,895 21,496,170 Total amortized cost and fair value $ 70,218,924 $ 65,716,665 $ 70,615,724 $ 65,316,077 Proceeds from the sale of securities, maturities, and asset paydowns in the three March 31, 2023 2022 Three Months Ended March 31, (unaudited) 2023 2022 Gross gains $ 188,777 $ 1,900 Gross losses (3,692 ) (2,541 ) Realized gains (losses) $ 185,085 $ (641 ) Mortgage loans on real estate Decrease in allowance for credit losses $ 13,225 $ - Net gains (losses) realized on the sale of securities and net credit losses recognized in operations $ 198,310 $ (641 ) 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, 2023 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 538,754 $ (41,739 ) $ - $ - $ 538,754 $ (41,739 ) Corporate bonds 8,676,598 (810,883 ) 7,302,004 (1,832,779 ) 15,978,602 (2,643,662 ) Municipal bonds 4,380,766 (314,727 ) 999,757 (267,832 ) 5,380,523 (582,559 ) Redeemable preferred stock 278,213 (26,958 ) 3,029,054 (418,340 ) 3,307,267 (445,298 ) Term loans 8,705,391 (150,865 ) - - 8,705,391 (150,865 ) Mortgage backed and asset backed securities 9,426,743 (412,421 ) 4,205,258 (660,249 ) 13,632,001 (1,072,670 ) Total fixed maturities $ 32,006,465 $ (1,757,593 ) $ 15,536,073 $ (3,179,200 ) $ 47,542,538 $ (4,936,793 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2022 Available for sale: Fixed maturities: US Treasury securities $ 398,375 $ (5,031 ) $ - $ - $ 398,375 $ (5,031 ) Corporate bonds 12,378,486 (1,883,706 ) 3,206,913 (1,266,676 ) 15,585,399 (3,150,382 ) Municipal bonds 4,711,896 (587,053 ) 708,514 (221,174 ) 5,420,410 (808,227 ) Redeemable preferred stock 2,384,771 (363,193 ) 970,844 (156,718 ) 3,355,615 (519,911 ) Term loans 6,309,005 (146,395 ) - - 6,309,005 (146,395 ) Mortgage backed and asset backed securities 10,358,560 (458,754 ) 3,281,132 (615,766 ) 13,639,692 (1,074,520 ) Total fixed maturities $ 36,541,093 $ (3,444,132 ) $ 8,167,402 $ (2,260,334 ) $ 44,708,495 $ (5,704,466 ) Unrealized losses occur from market price declines due to changes in interest rates. The total number of available for sale fixed maturity securities in the investment portfolio in an unrealized loss position as of March 31, 2023 230 December 31, 2022 230 Mortgage Loans on Real Estate The Company has invested in various mortgage loans through participation agreements with the original issuing entity. The Company’s mortgage loans by property type as of March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (unaudited) Commercial mortgage loans by property type Condominium $ 1,696,975 $ 1,696,975 Land 1,902,277 1,902,277 Multi-property 9,870,383 9,539,738 Multi-family 5,334,609 5,016,424 Retail/Office 6,617,887 5,634,659 Total commercial mortgages $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073 The Company utilizes loan-to-value of individual mortgage loans to evaluate the credit quality of its mortgage loan portfolio. The loan-to-value measures the loan's carrying value to its appraised value. The Company’s mortgage loans by loan-to-value ratio as of March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (unaudited) Loan to value ratio Over 70 to 80% $ 8,230,409 $ 8,219,763 Over 60 to 70% 5,196,975 5,196,975 Over 50 to 60% 5,002,438 4,682,750 Over 40 to 50% 3,234,448 3,235,951 Over 20 to 30% 2,639,974 1,319,975 Over 10 to 20% 1,117,887 1,134,659 Total $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073 The Company’s mortgage loans by maturity date as of March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (unaudited) Maturity Date One year or less $ 18,876,776 $ 15,354,542 After one year through five years 6,545,355 8,435,531 Total $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073 The Company evaluates its commercial mortgage loan portfolio for the establishment of a loan loss allowance by specific identification of impaired loans. A mortgage loan is impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. If the Company determines that the value of any specific mortgage loan is impaired, the carrying amount of the mortgage loan will be reduced to its fair value, based upon the present value of expected future cash flows from the loan discounted at the loan's effective interest rate, or the fair value of the underlying collateral less estimated costs to sell. The Company had no mortgage loans that were on non-accrued status as of March 31, 2023 December 31, 2022. March 31, 2023 December 31, 2022. The Company analyzes our commercial mortgage loan portfolio for the need of a general loan allowance for expected credit losses on all other loans on a quantitative and qualitative basis by grouping assets with similar risk characteristics when there is not not not three March 31, 2023 March 31, 2022. The Company's commercial mortgage loans are pooled by risk rating and property collateral type and an estimated loss ratio is applied against each risk pool. The loss ratios are generally based upon historical loss experience for each risk pool and are adjusted for current and forecasted economic factors management believes to be relevant and supportable. Economic factors are forecasted for two The following table presents a roll-forward of our specific and general valuation allowances for our commercial mortgage loan portfolio: Three Months Ended March 31, 2023 (unaudited) Specific Allowance General Allowance Beginning allowance balance $ - $ - Cumulative adjustment for changes in accounting principals - 150,373 Charge-offs - - Recoveries - - Change in provision for credit losses - (13,225 ) Ending Allowance $ - $ 137,148 The specific allowance represents the total credit loss allowances on loans which are individually evaluated for impairment. The general allowance is for the group of loans discussed above which are collectively evaluated for impairment. Charge-offs include allowances that have been established on loans that were satisfied either by taking ownership of the collateral or by some other means such as discounted pay-off or loan sale. When ownership of the property is taken it is recorded at the lower of the loan's carrying value or the property's fair value (based on appraised values) less estimated costs to sell. The real estate owned is recorded as a component of other investments and the loan is recorded as fully paid, with any allowance for credit loss that has been established charged off. Fair value of the real estate is determined by third not three March 31, 2023 2022. Investment Income, Net of Expenses The components of net investment income for the three March 31, 2023 2022 Three Months Ended March 31, 2023 2022 (unaudited) Fixed maturities $ 1,039,423 $ 275,333 Mortgages 509,022 27,391 Equity securities 210,370 154,674 Funds withheld - 700,308 Other invested assets 45,940 - Cash and cash equivalents 14,021 460 1,818,776 1,158,166 Less investment expenses (313,166 ) (6,544 ) $ 1,505,610 $ 1,151,622 Net Investment Gains (Losses) Accounting standards require that the unrealized gains and losses on equity securities be reported as income on the consolidated statements of comprehensive income (loss). For the three March 31, 2023, three March 31, 2022,

Note 3 - Derivative Instruments

Note 3 - Derivative Instruments	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 3. Derivative Instruments Types of Derivatives used by the Company The Company’s derivatives consists of embedded derivatives on funds withheld on coinsurance assets which was eliminated in October 2022 October 2022. Summary of Derivative Positions The fair value of the Company’s derivative financial instruments on the consolidated balance sheets is as follows: March 31, 2023 December 31, 2022 Derivative Derivative Balance Asset Liability Asset Liability Reported In (Unaudited) Derivatives: Embedded derivatives: Reinsurance contract allocated hedge $ 726,077 - $ 724,998 $ - Reinsurance related assets The following table shows the change in the fair value of the derivative financial instruments in the consolidated statements of comprehensive income: Three Months Ending Three Months Ending Balance March 31, 2023 March 31, 2022 Reported In (unaudited) (unaudited) Derivatives: Embedded derivatives: Change in funds withheld embedded derivative $ - $ (282,217 ) Net investment gains (losses) Change in reinsurance contract allocated hedge $ 1,079 $ - Net investment gains (losses)

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 4. 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 Equity securities: third Embedded derivative not 3 not three March 31, 2023 2022. The table below presents the amounts of assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 December 31, 2022: March 31, 2023 Total Level 1 Level 2 Level 3 (unaudited) Fixed maturities: US Treasury securities $ 740,816 $ 740,816 $ - $ - Corporate bonds 16,348,633 - 16,172,633 176,000 Municipal bonds 5,649,804 - 5,649,804 - Redeemable preferred stock 3,426,328 - 3,426,328 - Term loans 18,154,908 - - 18,154,908 Mortgage backed and asset backed securities 21,396,176 - 21,002,426 393,750 Total fixed maturities 65,716,665 740,816 46,251,191 18,724,658 Equities: Common stock 6,129,740 6,034,240 95,500 - Preferred stock 1,448,771 - 1,448,771 - Total equities 7,578,511 6,034,240 1,544,271 - Other invested assets 1,985,441 - - 1,985,441 Reinsurance contract allocated hedge 726,077 - - 726,077 Total $ 76,006,694 $ 6,775,056 $ 47,795,462 $ 21,436,176 December 31, 2022 Total Level 1 Level 2 Level 3 Fixed maturities: US Treasury securities $ 1,025,087 $ 1,025,087 $ - $ - Corporate bonds 15,869,078 - 15,687,478 181,600 Municipal bonds 5,420,409 - 5,420,409 - Redeemable preferred stock 3,355,615 - 3,355,615 - Term loans 18,149,718 - - 18,149,718 Mortgage backed and asset backed securities 21,496,170 - 21,099,920 396,250 Total fixed maturities 65,316,077 1,025,087 45,563,422 18,727,568 Equities: Common stock 6,024,224 5,929,624 94,600 - Preferred stock 1,370,820 - 1,370,820 - Total equities 7,395,044 5,929,624 1,465,420 - Other invested assets 1,760,777 - - 1,760,777 Reinsurance contract allocated hedge 724,998 - - 724,998 Total $ 75,196,896 $ 6,954,711 $ 47,028,842 $ 21,213,343 The reconciliations for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3 Mortgage For the Three Months Ended March 31, 2023 Corporate Backed Term Hedge (unaudited) Bonds Securities Loans Derivative Fair value, beginning of period $ 181,600 $ 396,250 $ 18,149,718 $ 724,998 Principal payment (5,600 ) (2,500 ) (135,042 ) Acquisition - - 109,837 - Investment related gains - - 30,395 1,079 Fair value, end of period $ 176,000 $ 393,750 $ 18,154,908 $ 726,077 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: Mortgage loans on real estate: Reinsurance contract allocated hedge not may 3 Policy loans Federal Home Loan Bank Advances: Policyholder deposits in deposit-type contracts The estimated fair values of the Company’s financial assets and liabilities at March 31, 2023 December 31, 2022 March 31, 2023 (unaudited) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 4,044,010 $ 4,044,010 $ 4,044,010 $ - $ - Mortgage loans on real estate 25,284,983 25,284,983 - - 25,284,983 Investment income due and accrued 2,189,269 2,189,269 - - 2,189,269 Reinsurance contract allocated hedge 726,077 726,077 - - 726,077 Policy loans 35,747 35,747 - - 35,747 Total Financial Assets (excluding available for sale investments) $ 32,280,086 $ 32,280,086 $ 4,044,010 $ - $ 28,236,076 Financial Liabilities: Federal Home Loan Bank advance $ 1,000,000 $ 1,000,000 $ - $ - $ 1,000,000 Policyholder deposits in deposit-type contracts 78,341,879 65,582,459 - - 65,582,459 Total Financial Liabilities $ 79,341,879 $ 66,582,459 $ - $ - $ 66,582,459 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 4,091,507 $ 4,091,507 $ 4,091,507 $ - $ - Mortgage loans on real estate 23,790,073 23,790,073 - - 23,790,073 Investment income due and accrued 2,086,365 2,086,365 - - 2,086,365 Reinsurance contract allocated hedge 724,998 724,998 - - 724,998 Policy loans 34,980 34,980 - - 34,980 Total Financial Assets (excluding available for sale investments) $ 30,727,923 $ 30,727,923 $ 4,091,507 $ - $ 26,636,416 Financial Liabilities: Federal Home Loan Bank advance $ 1,000,000 $ 1,000,000 $ - $ - $ 1,000,000 Policyholder deposits in deposit-type contracts 79,035,350 67,741,524 - - 67,741,524 Total Financial Liabilities $ 80,035,350 $ 68,741,524 $ - $ - $ 68,741,524

Note 5 - Income Tax Provision

Note 5 - Income Tax Provision	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 5. Income Tax Provision No three March 31, 2023 2022 The net operating loss carryforwards for the Company are $9,630,952 as of December 31, 2022 March 31, 2023. March 31, 2023 December 31, 2022.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	3 Months Ended
	Mar. 31, 2023
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 not The Company has evaluated subsequent events through May 15, 2023,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation 10 10 X. not The results of operation for the three March 31, 2023 not December 31, 2023 not 10 December 31, 2022.
Consolidation, Policy [Policy Text Block]	Principles of consolidation
Area of Operation, Policy [Policy Text Block]	Area of Operation:
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications no
Earnings Per Share, Policy [Policy Text Block]	Common stock and income (loss) per share: March 31, 2023, December 31, 2022, Income (loss) per share attributable to USAC’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, 2023 2022 no three March 31, 2023 2022.
New Accounting Pronouncements, Policy [Policy Text Block]	New accounting standards Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 March 31, 2021. 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2018. December 31, 2022 December 15, 2022. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 2018 12 not 2018 12 December 15, 2023, 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)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	March 31, 2023 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 781,660 $ 895 $ (41,739 ) $ 740,816 Corporate bonds 18,991,120 1,175 (2,643,662 ) 16,348,633 Municipal bonds 6,223,405 8,958 (582,559 ) 5,649,804 Redeemable preferred stock 3,871,039 587 (445,298 ) 3,426,328 Term loans 18,141,181 164,592 (150,865 ) 18,154,908 Mortgage backed and asset backed securities 22,210,519 258,327 (1,072,670 ) 21,396,176 Total available for sale $ 70,218,924 $ 434,534 $ (4,936,793 ) $ 65,716,665 December 31, 2022 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 993,805 $ 36,313 $ (5,031 ) $ 1,025,087 Corporate bonds 19,018,738 722 (3,150,382 ) 15,869,078 Municipal bonds 6,228,636 - (808,227 ) 5,420,409 Redeemable preferred stock 3,875,526 - (519,911 ) 3,355,615 Term loans 18,086,124 209,989 (146,395 ) 18,149,718 Mortgage backed and asset backed securities 22,412,895 157,795 (1,074,520 ) 21,496,170 Total available for sale $ 70,615,724 $ 404,819 $ (5,704,466 ) $ 65,316,077
Investments Classified by Contractual Maturity Date [Table Text Block]	As of March 31, 2023 As of December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Amounts maturing in: One year or less $ 100,631 $ 99,638 $ 442,846 $ 450,461 After one year through five years 17,148,985 17,104,575 17,048,721 17,035,270 After five years through ten years 5,563,633 5,469,445 5,498,364 5,340,498 More than 10 years 21,324,117 18,220,503 21,337,372 17,638,063 Redeemable preferred stocks 3,871,039 3,426,328 3,875,526 3,355,615 Mortgage backed and asset backed securities 22,210,519 21,396,176 22,412,895 21,496,170 Total amortized cost and fair value $ 70,218,924 $ 65,716,665 $ 70,615,724 $ 65,316,077
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31, (unaudited) 2023 2022 Gross gains $ 188,777 $ 1,900 Gross losses (3,692 ) (2,541 ) Realized gains (losses) $ 185,085 $ (641 ) Mortgage loans on real estate Decrease in allowance for credit losses $ 13,225 $ - Net gains (losses) realized on the sale of securities and net credit losses recognized in operations $ 198,310 $ (641 )
Debt Securities, Available-for-Sale, 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, 2023 (unaudited) Available for sale: Fixed maturities: US Treasury securities $ 538,754 $ (41,739 ) $ - $ - $ 538,754 $ (41,739 ) Corporate bonds 8,676,598 (810,883 ) 7,302,004 (1,832,779 ) 15,978,602 (2,643,662 ) Municipal bonds 4,380,766 (314,727 ) 999,757 (267,832 ) 5,380,523 (582,559 ) Redeemable preferred stock 278,213 (26,958 ) 3,029,054 (418,340 ) 3,307,267 (445,298 ) Term loans 8,705,391 (150,865 ) - - 8,705,391 (150,865 ) Mortgage backed and asset backed securities 9,426,743 (412,421 ) 4,205,258 (660,249 ) 13,632,001 (1,072,670 ) Total fixed maturities $ 32,006,465 $ (1,757,593 ) $ 15,536,073 $ (3,179,200 ) $ 47,542,538 $ (4,936,793 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2022 Available for sale: Fixed maturities: US Treasury securities $ 398,375 $ (5,031 ) $ - $ - $ 398,375 $ (5,031 ) Corporate bonds 12,378,486 (1,883,706 ) 3,206,913 (1,266,676 ) 15,585,399 (3,150,382 ) Municipal bonds 4,711,896 (587,053 ) 708,514 (221,174 ) 5,420,410 (808,227 ) Redeemable preferred stock 2,384,771 (363,193 ) 970,844 (156,718 ) 3,355,615 (519,911 ) Term loans 6,309,005 (146,395 ) - - 6,309,005 (146,395 ) Mortgage backed and asset backed securities 10,358,560 (458,754 ) 3,281,132 (615,766 ) 13,639,692 (1,074,520 ) Total fixed maturities $ 36,541,093 $ (3,444,132 ) $ 8,167,402 $ (2,260,334 ) $ 44,708,495 $ (5,704,466 )
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2023 December 31, 2022 (unaudited) Commercial mortgage loans by property type Condominium $ 1,696,975 $ 1,696,975 Land 1,902,277 1,902,277 Multi-property 9,870,383 9,539,738 Multi-family 5,334,609 5,016,424 Retail/Office 6,617,887 5,634,659 Total commercial mortgages $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073
Schedule of Mortage Loans by Loan-to-Value Ratio [Table Text Block]	March 31, 2023 December 31, 2022 (unaudited) Loan to value ratio Over 70 to 80% $ 8,230,409 $ 8,219,763 Over 60 to 70% 5,196,975 5,196,975 Over 50 to 60% 5,002,438 4,682,750 Over 40 to 50% 3,234,448 3,235,951 Over 20 to 30% 2,639,974 1,319,975 Over 10 to 20% 1,117,887 1,134,659 Total $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073
Schedule of Mortgage Loans by Maturity Date [Table Text Block]	March 31, 2023 December 31, 2022 (unaudited) Maturity Date One year or less $ 18,876,776 $ 15,354,542 After one year through five years 6,545,355 8,435,531 Total $ 25,422,131 $ 23,790,073 Allowance for credit losses (137,148 ) - Carrying value $ 25,284,983 $ 23,790,073
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended March 31, 2023 (unaudited) Specific Allowance General Allowance Beginning allowance balance $ - $ - Cumulative adjustment for changes in accounting principals - 150,373 Charge-offs - - Recoveries - - Change in provision for credit losses - (13,225 ) Ending Allowance $ - $ 137,148
Investment Income [Table Text Block]	Three Months Ended March 31, 2023 2022 (unaudited) Fixed maturities $ 1,039,423 $ 275,333 Mortgages 509,022 27,391 Equity securities 210,370 154,674 Funds withheld - 700,308 Other invested assets 45,940 - Cash and cash equivalents 14,021 460 1,818,776 1,158,166 Less investment expenses (313,166 ) (6,544 ) $ 1,505,610 $ 1,151,622

Note 3 - Derivative Instrumen_2

Note 3 - Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block]	March 31, 2023 December 31, 2022 Derivative Derivative Balance Asset Liability Asset Liability Reported In (Unaudited) Derivatives: Embedded derivatives: Reinsurance contract allocated hedge $ 726,077 - $ 724,998 $ - Reinsurance related assets Three Months Ending Three Months Ending Balance March 31, 2023 March 31, 2022 Reported In (unaudited) (unaudited) Derivatives: Embedded derivatives: Change in funds withheld embedded derivative $ - $ (282,217 ) Net investment gains (losses) Change in reinsurance contract allocated hedge $ 1,079 $ - Net investment gains (losses)

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2023 Total Level 1 Level 2 Level 3 (unaudited) Fixed maturities: US Treasury securities $ 740,816 $ 740,816 $ - $ - Corporate bonds 16,348,633 - 16,172,633 176,000 Municipal bonds 5,649,804 - 5,649,804 - Redeemable preferred stock 3,426,328 - 3,426,328 - Term loans 18,154,908 - - 18,154,908 Mortgage backed and asset backed securities 21,396,176 - 21,002,426 393,750 Total fixed maturities 65,716,665 740,816 46,251,191 18,724,658 Equities: Common stock 6,129,740 6,034,240 95,500 - Preferred stock 1,448,771 - 1,448,771 - Total equities 7,578,511 6,034,240 1,544,271 - Other invested assets 1,985,441 - - 1,985,441 Reinsurance contract allocated hedge 726,077 - - 726,077 Total $ 76,006,694 $ 6,775,056 $ 47,795,462 $ 21,436,176 December 31, 2022 Total Level 1 Level 2 Level 3 Fixed maturities: US Treasury securities $ 1,025,087 $ 1,025,087 $ - $ - Corporate bonds 15,869,078 - 15,687,478 181,600 Municipal bonds 5,420,409 - 5,420,409 - Redeemable preferred stock 3,355,615 - 3,355,615 - Term loans 18,149,718 - - 18,149,718 Mortgage backed and asset backed securities 21,496,170 - 21,099,920 396,250 Total fixed maturities 65,316,077 1,025,087 45,563,422 18,727,568 Equities: Common stock 6,024,224 5,929,624 94,600 - Preferred stock 1,370,820 - 1,370,820 - Total equities 7,395,044 5,929,624 1,465,420 - Other invested assets 1,760,777 - - 1,760,777 Reinsurance contract allocated hedge 724,998 - - 724,998 Total $ 75,196,896 $ 6,954,711 $ 47,028,842 $ 21,213,343
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Mortgage For the Three Months Ended March 31, 2023 Corporate Backed Term Hedge (unaudited) Bonds Securities Loans Derivative Fair value, beginning of period $ 181,600 $ 396,250 $ 18,149,718 $ 724,998 Principal payment (5,600 ) (2,500 ) (135,042 ) Acquisition - - 109,837 - Investment related gains - - 30,395 1,079 Fair value, end of period $ 176,000 $ 393,750 $ 18,154,908 $ 726,077
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2023 (unaudited) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 4,044,010 $ 4,044,010 $ 4,044,010 $ - $ - Mortgage loans on real estate 25,284,983 25,284,983 - - 25,284,983 Investment income due and accrued 2,189,269 2,189,269 - - 2,189,269 Reinsurance contract allocated hedge 726,077 726,077 - - 726,077 Policy loans 35,747 35,747 - - 35,747 Total Financial Assets (excluding available for sale investments) $ 32,280,086 $ 32,280,086 $ 4,044,010 $ - $ 28,236,076 Financial Liabilities: Federal Home Loan Bank advance $ 1,000,000 $ 1,000,000 $ - $ - $ 1,000,000 Policyholder deposits in deposit-type contracts 78,341,879 65,582,459 - - 65,582,459 Total Financial Liabilities $ 79,341,879 $ 66,582,459 $ - $ - $ 66,582,459 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 4,091,507 $ 4,091,507 $ 4,091,507 $ - $ - Mortgage loans on real estate 23,790,073 23,790,073 - - 23,790,073 Investment income due and accrued 2,086,365 2,086,365 - - 2,086,365 Reinsurance contract allocated hedge 724,998 724,998 - - 724,998 Policy loans 34,980 34,980 - - 34,980 Total Financial Assets (excluding available for sale investments) $ 30,727,923 $ 30,727,923 $ 4,091,507 $ - $ 26,636,416 Financial Liabilities: Federal Home Loan Bank advance $ 1,000,000 $ 1,000,000 $ - $ - $ 1,000,000 Policyholder deposits in deposit-type contracts 79,035,350 67,741,524 - - 67,741,524 Total Financial Liabilities $ 80,035,350 $ 68,741,524 $ - $ - $ 68,741,524

Note 1 - Description of Busin_2

Note 1 - Description of Business and Significant Accounting Policies (Details Textual)	3 Months Ended
	Mar. 31, 2023 $ / shares shares	Mar. 31, 2022 shares	Dec. 31, 2022 $ / shares shares
Number of Wholly-Owned Operating Subsidiaries			5
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.10		$ 0.10
Common Stock, Shares Authorized (in shares)	20,000,000		20,000,000
Common Stock, Shares, Outstanding (in shares)	7,746,922		7,746,922
Weighted Average Number of Shares Outstanding, Basic (in shares)	7,746,922	7,745,827
Common Stock, Shares, Issued (in shares)	7,746,922		7,746,922

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Proceeds from Sale, Maturity and Collection of Investments	$ 1,736,118	$ 3,042,470
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	230		230
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$ 4,936,793		$ 5,704,466
Mortgage Loans, Non-accrued Status	0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans	0
Debt and Equity Securities, Unrealized Gain (Loss)	246,126	(449,795)
Debt and Equity Securities, Realized Gain (Loss)	198,310	(641)
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net	$ (97,334)	$ (282,217)
Fixed Income Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	135		131
Collateralized Mortgage-Backed Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	70		73
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$ 1,072,670		$ 1,074,520
Term Loans [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	10		10
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$ 150,865		$ 146,395
Preferred Stock [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	15		16

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, 2023	Dec. 31, 2022
Cost or Amortized Cost	$ 70,218,924	$ 70,615,724
Debt Securities, Gross Unrealized Gains	434,534
Debt Securities, Gross Unrealized Losses	(4,936,793)	(5,704,466)
Investments in available-for-sale securities, at fair value	65,716,665	65,316,077
Debt Securities, Gross Unrealized Gain		404,819
US Treasury Securities [Member]
Cost or Amortized Cost	781,660	993,805
Debt Securities, Gross Unrealized Gains	895
Debt Securities, Gross Unrealized Losses	(41,739)	(5,031)
Investments in available-for-sale securities, at fair value	740,816	1,025,087
Debt Securities, Gross Unrealized Gain		36,313
Corporate Debt Securities [Member]
Cost or Amortized Cost	18,991,120	19,018,738
Debt Securities, Gross Unrealized Gains	1,175
Debt Securities, Gross Unrealized Losses	(2,643,662)	(3,150,382)
Investments in available-for-sale securities, at fair value	16,348,633	15,869,078
Debt Securities, Gross Unrealized Gain		722
US States and Political Subdivisions Debt Securities [Member]
Cost or Amortized Cost	6,223,405	6,228,636
Debt Securities, Gross Unrealized Gains	8,958
Debt Securities, Gross Unrealized Losses	(582,559)	(808,227)
Investments in available-for-sale securities, at fair value	5,649,804	5,420,409
Debt Securities, Gross Unrealized Gain		0
Redeemable Preferred Stock [Member]
Cost or Amortized Cost	3,871,039	3,875,526
Debt Securities, Gross Unrealized Gains	587
Debt Securities, Gross Unrealized Losses	(445,298)	(519,911)
Investments in available-for-sale securities, at fair value	3,426,328	3,355,615
Debt Securities, Gross Unrealized Gain		0
Term Loans [Member]
Cost or Amortized Cost	18,141,181	18,086,124
Debt Securities, Gross Unrealized Gains	164,592
Debt Securities, Gross Unrealized Losses	(150,865)	(146,395)
Investments in available-for-sale securities, at fair value	18,154,908	18,149,718
Debt Securities, Gross Unrealized Gain		209,989
Collateralized Mortgage-Backed Securities [Member]
Cost or Amortized Cost	22,210,519	22,412,895
Debt Securities, Gross Unrealized Gains	258,327
Debt Securities, Gross Unrealized Losses	(1,072,670)	(1,074,520)
Investments in available-for-sale securities, at fair value	$ 21,396,176	21,496,170
Debt Securities, Gross Unrealized Gain		$ 157,795

Note 2 - Investments - Amorti_2

Note 2 - Investments - Amortized Cost and Fair Value of Debt Securities By Contractual Maturity (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
One year or less, amortized cost	$ 100,631	$ 442,846
One year or less, fair value	99,638	450,461
After one year through five years, amortized cost	17,148,985	17,048,721
After one year through five years, fair value	17,104,575	17,035,270
After five years through ten years, amortized cost	5,563,633	5,498,364
After five years through ten years, fair value	5,469,445	5,340,498
More than 10 years, amortized cost	21,324,117	21,337,372
More than 10 years, fair value	18,220,503	17,638,063
Available for sale securities, amortized cost	70,218,924	70,615,724
Available for sale fixed maturity securities (amortized cost: $70,218,924 and $70,615,724 as of March 31, 2023 and December 31, 2022, respectively)	65,716,665	65,316,077
Redeemable Preferred Stock [Member]
Debt securities, amortized cost	3,871,039	3,875,526
Debt securities, fair value	3,426,328	3,355,615
Available for sale securities, amortized cost	3,871,039	3,875,526
Available for sale fixed maturity securities (amortized cost: $70,218,924 and $70,615,724 as of March 31, 2023 and December 31, 2022, respectively)	3,426,328	3,355,615
Collateralized Mortgage-Backed Securities [Member]
Debt securities, amortized cost	22,210,519	22,412,895
Debt securities, fair value	21,396,176	21,496,170
Available for sale securities, amortized cost	22,210,519	22,412,895
Available for sale fixed maturity securities (amortized cost: $70,218,924 and $70,615,724 as of March 31, 2023 and December 31, 2022, respectively)	$ 21,396,176	$ 21,496,170

Note 2 - Investments - Realized

Note 2 - Investments - Realized Gains and Losses Related to the Sale of Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gross gains	$ 188,777	$ 1,900
Gross losses	(3,692)	(2,541)
Realized gains (losses)	185,085	(641)
Decrease in allowance for credit losses	(13,225)	0
Net gains (losses) realized on the sale of securities and net credit losses recognized in operations	$ 198,310	$ (641)

Note 2 - Investments - Gross Un

Note 2 - Investments - Gross Unrealized Losses (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale securities, less than 12 months, fair value	$ 32,006,465	$ 36,541,093
Available-for-sale securities, less than 12 months, unrealized loss	(1,757,593)	(3,444,132)
Available-for-sale securities, fair value	47,542,538	44,708,495
Debt Securities, Gross Unrealized Loss	(4,936,793)	(5,704,466)
Available-for-sale securities, greater than 12 months, fair value	15,536,073	8,167,402
Available-for-sale securities, greater than 12 months, unrealized loss	(3,179,200)	(2,260,334)
US Treasury Securities [Member]
Available-for-sale securities, less than 12 months, fair value	538,754	398,375
Available-for-sale securities, less than 12 months, unrealized loss	(41,739)	(5,031)
Available-for-sale securities, fair value	538,754	398,375
Debt Securities, Gross Unrealized Loss	(41,739)	(5,031)
Corporate Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value	8,676,598	12,378,486
Available-for-sale securities, less than 12 months, unrealized loss	(810,883)	(1,883,706)
Available-for-sale securities, fair value	15,978,602	15,585,399
Debt Securities, Gross Unrealized Loss	(2,643,662)	(3,150,382)
Available-for-sale securities, greater than 12 months, fair value	7,302,004	3,206,913
Available-for-sale securities, greater than 12 months, unrealized loss	(1,832,779)	(1,266,676)
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, less than 12 months, fair value	4,380,766	4,711,896
Available-for-sale securities, less than 12 months, unrealized loss	(314,727)	(587,053)
Available-for-sale securities, fair value	5,380,523	5,420,410
Debt Securities, Gross Unrealized Loss	(582,559)	(808,227)
Available-for-sale securities, greater than 12 months, fair value	999,757	708,514
Available-for-sale securities, greater than 12 months, unrealized loss	(267,832)	(221,174)
Redeemable Preferred Stock [Member]
Available-for-sale securities, less than 12 months, fair value	278,213	2,384,771
Available-for-sale securities, less than 12 months, unrealized loss	(26,958)	(363,193)
Available-for-sale securities, fair value	3,307,267	3,355,615
Debt Securities, Gross Unrealized Loss	(445,298)	(519,911)
Available-for-sale securities, greater than 12 months, fair value	3,029,054	970,844
Available-for-sale securities, greater than 12 months, unrealized loss	(418,340)	(156,718)
Term Loans [Member]
Available-for-sale securities, less than 12 months, fair value	8,705,391	6,309,005
Available-for-sale securities, less than 12 months, unrealized loss	(150,865)	(146,395)
Available-for-sale securities, fair value	8,705,391	6,309,005
Debt Securities, Gross Unrealized Loss	(150,865)	(146,395)
Collateralized Mortgage-Backed Securities [Member]
Available-for-sale securities, less than 12 months, fair value	9,426,743	10,358,560
Available-for-sale securities, less than 12 months, unrealized loss	(412,421)	(458,754)
Available-for-sale securities, fair value	13,632,001	13,639,692
Debt Securities, Gross Unrealized Loss	(1,072,670)	(1,074,520)
Available-for-sale securities, greater than 12 months, fair value	4,205,258	3,281,132
Available-for-sale securities, greater than 12 months, unrealized loss	$ (660,249)	$ (615,766)

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans by Property Type (Details) - USD ($)	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Commercial mortgage loans	$ 25,422,131	$ 25,422,131	$ 23,790,073
Allowance for credit losses	(137,148)	(137,148)	0
Total commercial mortgages	25,284,983	$ 25,284,983	23,790,073
Condominium [Member]
Commercial mortgage loans	1,696,975		1,696,975
Land [Member]
Commercial mortgage loans	1,902,277		1,902,277
Multi-property [Member]
Commercial mortgage loans	9,870,383		9,539,738
Multifamily [Member]
Commercial mortgage loans	5,334,609		5,016,424
Retail [Member]
Commercial mortgage loans	$ 6,617,887		$ 5,634,659

Note 2 - Investments - Mortga_2

Note 2 - Investments - Mortgage Loans by Loan-to-value Ratio (Details) - USD ($)	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Total commercial mortgages	$ 137,148	$ 137,148	$ 0
Commercial mortgage loans	25,422,131	25,422,131	23,790,073
Allowance for credit losses	(137,148)	(137,148)	0
Total commercial mortgages	$ 25,284,983	25,284,983	23,790,073
Debt-to-Value Ratio, 70 to 80 Percent [Member]
Total commercial mortgages		8,230,409	8,219,763
Allowance for credit losses		(8,230,409)	(8,219,763)
Debt-to-Value Ratio, 60 to 70 Percent [Member]
Total commercial mortgages		5,196,975	5,196,975
Allowance for credit losses		(5,196,975)	(5,196,975)
Debt-to-Value Ratio, 50 to 60 Percent [Member]
Total commercial mortgages		5,002,438	4,682,750
Allowance for credit losses		(5,002,438)	(4,682,750)
Debt-to-Value Ratio, 40 to 50 Percent [Member]
Total commercial mortgages		3,234,448	3,235,951
Allowance for credit losses		(3,234,448)	(3,235,951)
Debt-to-Value Ratio, 30 to 40 Percent [Member]
Total commercial mortgages		2,639,974	1,319,975
Allowance for credit losses		(2,639,974)	(1,319,975)
Debt-to-Value Ratio, 20 to 30 Percent [Member]
Total commercial mortgages		1,117,887	1,134,659
Allowance for credit losses		$ (1,117,887)	$ (1,134,659)

Note 2 - Investments - Mortga_3

Note 2 - Investments - Mortgage Loans by Maturity Date (Details) - USD ($)	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
One year or less		$ 18,876,776	$ 15,354,542
After one year through five years		6,545,355	8,435,531
Total	$ 25,422,131	25,422,131	23,790,073
Allowance for credit losses	(137,148)	(137,148)	0
Total commercial mortgages	$ 25,284,983	$ 25,284,983	$ 23,790,073

Note 2 - Investments - Valuatio

Note 2 - Investments - Valuation Allowance on Commercial Loan Portfolio (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Change in provision for credit losses	$ (13,225)	$ 0
Real Estate Loan [Member] | Specific Allowance [Member]
Beginning allowance balance	0
Charge-offs	0
Recoveries	0
Change in provision for credit losses	0
Ending Allowance	0
Real Estate Loan [Member] | Specific Allowance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning allowance balance	0
Real Estate Loan [Member] | General Allowance [Member]
Beginning allowance balance	0
Charge-offs	0
Recoveries	0
Change in provision for credit losses	(13,225)
Ending Allowance	137,148
Real Estate Loan [Member] | General Allowance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning allowance balance	$ 150,373

Note 2 - Investments - Componen

Note 2 - Investments - Components of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investment income	$ 1,818,776	$ 1,158,166
Less investment expenses	(313,166)	(6,544)
Investment income, net	1,505,610	1,151,622
Fixed Maturities [Member]
Investment income	1,039,423	275,333
Mortgages [Member]
Investment income	509,022	27,391
Equity Securities [Member]
Investment income	210,370	154,674
Funds Withheld on Coinsurance Assets [Member]
Investment income	0	700,308
Other Invested Assets [Member]
Investment income	45,940	0
Cash and Cash Equivalents [Member]
Investment income	$ 14,021	$ 460

Note 3 - Derivative Instrumen_3

Note 3 - Derivative Instruments - Fair Value of Derivative Financial Instruments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Change in fair value of derivative financial instruments	$ (97,334)	$ (282,217)
Reinsurer [Member]
Reinsurance contract allocated hedge	726,077		$ 724,998
Fair value of derivative financial instruments, liability	0		$ 0
Change in fair value of derivative financial instruments	1,079	0
Funds Withheld on Coinsurance Assets [Member]
Change in fair value of derivative financial instruments	$ 0	$ (282,217)

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities	$ 0	$ 0

Note 4 - Fair Value Measureme_4

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Investments in available-for-sale securities, at fair value	$ 65,716,665	$ 65,316,077
Other invested assets	1,985,441	1,760,777
Other invested assets	1,985,441	1,760,777
Reinsurer [Member]
Reinsurance contract allocated hedge	726,077	724,998
Reinsurance contract allocated hedge	726,077	724,998
Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	65,716,665	65,316,077
Equity securities, fair value	7,578,511	7,395,044
Other invested assets	1,985,441	1,760,777
Investments, fair value	76,006,694	75,196,896
Other invested assets	1,985,441	1,760,777
Fair Value, Recurring [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	726,077	724,998
Reinsurance contract allocated hedge	726,077	724,998
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	740,816	1,025,087
Equity securities, fair value	6,034,240	5,929,624
Other invested assets	0	0
Investments, fair value	6,775,056	6,954,711
Other invested assets	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	0	0
Reinsurance contract allocated hedge	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	46,251,191	45,563,422
Equity securities, fair value	1,544,271	1,465,420
Other invested assets	0	0
Investments, fair value	47,795,462	47,028,842
Other invested assets	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	0	0
Reinsurance contract allocated hedge	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	18,724,658	18,727,568
Equity securities, fair value	0	0
Other invested assets	1,985,441	1,760,777
Investments, fair value	21,436,176	21,213,343
Other invested assets	1,985,441	1,760,777
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	726,077	724,998
Reinsurance contract allocated hedge	726,077	724,998
US Treasury Securities [Member]
Investments in available-for-sale securities, at fair value	740,816	1,025,087
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	740,816	1,025,087
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	740,816	1,025,087
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	0	0
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	0	0
Corporate Debt Securities [Member]
Investments in available-for-sale securities, at fair value	16,348,633	15,869,078
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	16,348,633	15,869,078
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	0	0
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	16,172,633	15,687,478
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	176,000	181,600
US States and Political Subdivisions Debt Securities [Member]
Investments in available-for-sale securities, at fair value	5,649,804	5,420,409
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	5,649,804	5,420,409
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	0	0
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	5,649,804	5,420,409
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	0	0
Redeemable Preferred Stock [Member]
Investments in available-for-sale securities, at fair value	3,426,328	3,355,615
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	3,426,328	3,355,615
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	0	0
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	3,426,328	3,355,615
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	0	0
Term Loans [Member]
Investments in available-for-sale securities, at fair value	18,154,908	18,149,718
Term Loans [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	18,154,908	18,149,718
Term Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	0	0
Term Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	0	0
Term Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	18,154,908	18,149,718
Collateralized Mortgage-Backed Securities [Member]
Investments in available-for-sale securities, at fair value	21,396,176	21,496,170
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Investments in available-for-sale securities, at fair value	21,396,176	21,496,170
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments in available-for-sale securities, at fair value	0	0
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments in available-for-sale securities, at fair value	21,002,426	21,099,920
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments in available-for-sale securities, at fair value	393,750	396,250
Common Stock [Member] | Fair Value, Recurring [Member]
Equity securities, fair value	6,129,740	6,024,224
Common Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Equity securities, fair value	6,034,240	5,929,624
Common Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Equity securities, fair value	95,500	94,600
Common Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Equity securities, fair value	0	0
Preferred Stock [Member] | Fair Value, Recurring [Member]
Equity securities, fair value	1,448,771	1,370,820
Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Equity securities, fair value	0	0
Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Equity securities, fair value	1,448,771	1,370,820
Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Equity securities, fair value	$ 0	$ 0

Note 4 - Fair Value Measureme_5

Note 4 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Recurring [Member]	3 Months Ended
	Mar. 31, 2023 USD ($)
Corporate Debt Securities [Member]
Fair value, beginning of period	$ 181,600
Principal payment	(5,600)
Acquisition	0
Investment related gains	0
Fair value, end of period	176,000
Collateralized Mortgage-Backed Securities [Member]
Fair value, beginning of period	396,250
Principal payment	(2,500)
Acquisition	0
Investment related gains	0
Fair value, end of period	393,750
Term Loans [Member]
Fair value, beginning of period	18,149,718
Principal payment	(135,042)
Acquisition	109,837
Investment related gains	30,395
Fair value, end of period	18,154,908
Derivative [Member]
Fair value, beginning of period	724,998
Principal payment
Acquisition	0
Investment related gains	1,079
Fair value, end of period	$ 726,077

Note 4 - Fair Value Measureme_6

Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Reinsurer [Member]
Reinsurance contract allocated hedge	$ 726,077	$ 724,998
Reported Value Measurement [Member]
Cash and cash equivalents	4,044,010	4,091,507
Mortgage loans on real estate	25,284,983	23,790,073
Investment income due and accrued	2,189,269	2,086,365
Policy loans	35,747	34,980
Total Financial Assets (excluding available for sale investments)	32,280,086	30,727,923
Federal Home Loan Bank advance	1,000,000	1,000,000
Policyholder deposits in deposit-type contracts	78,341,879	79,035,350
Total Financial Liabilities	79,341,879	80,035,350
Reported Value Measurement [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	726,077	724,998
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	4,044,010	4,091,507
Mortgage loans on real estate	25,284,983	23,790,073
Investment income due and accrued	2,189,269	2,086,365
Policy loans	35,747	34,980
Total Financial Assets (excluding available for sale investments)	32,280,086	30,727,923
Federal Home Loan Bank advance	1,000,000	1,000,000
Policyholder deposits in deposit-type contracts	65,582,459	67,741,524
Total Financial Liabilities	66,582,459	68,741,524
Estimate of Fair Value Measurement [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	726,077	724,998
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	4,044,010	4,091,507
Mortgage loans on real estate	0	0
Investment income due and accrued	0	0
Policy loans	0	0
Total Financial Assets (excluding available for sale investments)	4,044,010	4,091,507
Federal Home Loan Bank advance	0	0
Policyholder deposits in deposit-type contracts	0	0
Total Financial Liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents		0
Mortgage loans on real estate		0
Investment income due and accrued		0
Reinsurance contract allocated hedge		0
Policy loans		0
Total Financial Assets (excluding available for sale investments)		0
Federal Home Loan Bank advance		0
Policyholder deposits in deposit-type contracts		0
Total Financial Liabilities		0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Mortgage loans on real estate	25,284,983	23,790,073
Investment income due and accrued	2,189,269	2,086,365
Policy loans	35,747	34,980
Total Financial Assets (excluding available for sale investments)	28,236,076	26,636,416
Federal Home Loan Bank advance	1,000,000	1,000,000
Policyholder deposits in deposit-type contracts	65,582,459	67,741,524
Total Financial Liabilities	66,582,459	68,741,524
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Reinsurer [Member]
Reinsurance contract allocated hedge	$ 726,077	$ 724,998

Note 5 - Income Tax Provision (

Note 5 - Income Tax Provision (Details Textual) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Deferred Income Tax Assets, Net	$ 3,294,522	$ 3,294,522
Domestic Tax Authority [Member]
Operating Loss, Capital Loss, Carryforwards	$ 9,500,000	$ 9,630,952