XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Loss (Unaudtied) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income:        
Premium income $ 1,490,255 $ 997,915 $ 4,721,091 $ 2,983,147
Net investment income 116,780 77,796 320,491 191,432
Net realized (loss) gain on sale of securities 29,889 (951) 40,653 (849)
Other income 21,878 7,205 57,468 12,353
Total income 1,658,802 1,081,965 5,139,703 3,186,083
Expenses:        
Death claims 132,499 78,475 465,763 276,263
Policyholder benefits 719,581 573,561 2,581,251 1,665,138
Increase in policyholder reserves 539,476 265,053 1,302,380 793,308
Commissions, net of deferrals 88,952 67,641 315,550 221,657
Amortization of deferred acquisition costs 39,441 25,463 128,540 83,791
Salaries & benefits 171,226 158,446 564,410 400,581
Other operating expenses 321,925 120,576 902,598 577,745
Total expense 2,013,100 1,289,215 6,260,492 4,018,483
Net loss (354,298) (207,250) (1,120,789) (832,400)
Unrealized net holding (losses) gains arising during the period 168,793 (181,648) 855,203 (286,028)
Reclassification adjustment for loss (gains) included in net loss (29,889) 951 (40,653) 849
Other comprehensive (loss) income 138,904 (180,697) 814,550 (285,179)
Comprehensive loss $ (215,394) $ (387,947) $ (306,239) $ (1,117,579)
Net loss per common share, basic and diluted (in dollars per share) $ (0.06) $ (0.04) $ (0.21) $ (0.19)