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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Fixed Maturities [Member]    
Assets    
Available for sale securities $ 10,803,241 $ 8,131,119
Available for sale securities 10,803,241 8,131,119
Equities, Including Equity Securities and Other Equity Investments [Member]    
Assets    
Available for sale securities 4,845,975 3,604,268
Available for sale securities 4,845,975 3,604,268
Available for sale securities 15,649,216 11,735,387
Available for sale securities 15,649,216 11,735,387
Cash and cash equivalents 3,007,229 2,466,526
Investment income due and accrued 75,443 78,540
Reinsurance related assets 73,337 21,444
Deferred acquisition costs, net 140,050 86,053
Property, equipment and software, net 254,509 283,582
Pre-paid expenses 26,955 123,162
Other assets 12,358 7,504
Total assets 19,239,097 14,802,198
Liabilities:    
Deposit-type contracts 2,938,105 1,573,988
Policyholder benefit reserves 4,074,028 2,576,964
Advance premiums 110,870 69,573
Total policy liabilities 7,123,003 4,220,525
Accounts payable and accrued expenses 69,279 85,888
Other liabilities 78,426 4,992
Total liabilities 7,270,708 4,311,405
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 9,000,000 shares; issued and outstanding 5,554,134 and 5,177,245 shares as of September 30, 2016 and December 31, 2015, respectively 555,414 517,725
Outstanding warrants 15,876
Common stock subscribed 13,799
Common stock subscription receivable 0 (827,952)
Additional paid-in capital 17,966,154 17,018,285
Accumulated deficit (7,267,252) (6,146,463)
Accumulated other comprehensive income (loss) 714,073 (100,477)
Total shareholders' equity 11,968,389 10,490,793
Total liabilities and shareholders' equity $ 19,239,097 $ 14,802,198