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Consolidated Statements of Comprehensive Loss (Unaudtied) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income:        
Premium income $ 1,873,464 $ 962,398 $ 3,230,836 $ 1,985,232
Net investment income 112,450 65,872 203,711 116,761
Net realized (loss) gain on sale of securities (74) 102 10,764 102
Other income 22,185 2,995 35,590 5,148
Total income 2,008,025 1,031,367 3,480,901 2,107,243
Expenses:        
Death claims 216,737 90,181 333,264 197,788
Policyholder benefits 1,139,525 587,138 1,861,670 1,091,577
Increase in policyholder reserves 403,352 263,181 762,904 528,255
Commissions, net of deferrals 118,383 64,874 226,598 154,016
Amortization of deferred acquisition costs 51,642 24,049 89,099 58,328
Salaries & benefits 204,817 111,490 393,184 242,135
Other operating expenses 313,343 165,540 580,673 460,294
Total expense 2,447,799 1,306,453 4,247,392 2,732,393
Net loss (439,774) (275,086) (766,491) (625,150)
Unrealized net holding (losses) gains arising during the period 403,993 (222,383) 686,410 (103,890)
Reclassification adjustment for loss (gains) included in net loss 74 (102) (10,764) (102)
Other comprehensive (loss) income 404,067 (222,485) 675,646 (103,992)
Comprehensive loss $ (35,707) $ (497,571) $ (90,845) $ (729,142)
Net loss per common share, basic and diluted (in dollars per share) $ (0.08) $ (0.06) $ (0.14) $ (0.15)