XML 72 R62.htm IDEA: XBRL DOCUMENT v3.23.3
Investments (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]          
Credit loss recognized $ 1,741 $ 222,264  
Fixed maturity securities rated investment grade, percent 98.20%   98.20%   97.70%
Maximum borrowing capacity $ 92,437,113   $ 92,437,113    
Other borrowings      
Remaining borrowing capacity 85,218,402   85,218,402    
Loans Payable to Bank 108,431,028   108,431,028   $ 161,712,804
Interest not accrued on non-performing loans 249,000   249,000   $ 226,000
Realized investment gains 452,115 640,593 200,605 1,636,469  
Net investment income 19,248,463 18,603,070 57,195,320 49,768,664  
Cemeteries and Mortuaries [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Net investment income $ 372,277 675,259 $ 2,224,629 1,882,502  
UTAH          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 45.00%   45.00%   64.00%
FLORIDA          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 12.00%   12.00%   10.00%
CALIFORNIA          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 9.00%   9.00%   5.00%
AZERBAIJAN          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 7.00%   7.00%    
TEXAS          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 6.00%   6.00%   5.00%
Minimum [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 2.00%   2.00%    
Loan term     9 months    
Maximum [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Loan interest rate 10.50%   10.50%    
Loan term     30 years    
816 Securities [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Average market value over amortized cost 93.20%   93.20%    
713 Securities [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Average market value over amortized cost         93.10%
Commercial Real Estate 1 [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Collateral for bank loans $ 125,641,402   $ 125,641,402   $ 129,330,119
Loans Payable to Bank 98,250,725   98,250,725   97,112,131
Depreciation expense 1,572,494 1,604,195 4,715,322 4,593,468  
Residential Real Estate [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Depreciation expense 2,648 $ 2,648 7,944 $ 7,944  
Residential Real Estate [Member]          
Debt Securities, Available-for-Sale [Line Items]          
Foreclosed real estate expense     $ 11,010,029