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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:    
Net loss $ (1,285,773) $ (1,337,377)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 38,733 29,790
Net realized (gains) losses on the sale of securities (100,378) 1,524
Amortization of investment securities, net 22,014 18,596
Deferred acquisition costs capitalized (221,410) (146,539)
Deferred acquisition costs amortized 153,671 113,294
Interest credited on deposit type contracts 80,452 31,478
(Increase) decrease in operating assets:    
Investment income due and accrued (22,173) (36,251)
Reinsurance related assets (9,946) (14,148)
Pre-paid expenses 119,688 (85,512)
Other assets (40,944) 5,607
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 1,643,251 1,245,220
Advance premiums 52,371 39,041
Other liabilities (787) 3,674
Accounts payable and accrued expenses (19,416) 46,876
Net cash provided by (used in) operating activities 409,353 (84,727)
Cash Flows from Investing Activities:    
Purchase of fixed income investments (3,028,015) (3,173,315)
Purchase of equity investments (1,955,888) (1,814,947)
Proceeds from fixed income sales and repayments 1,003,308 783,123
Proceeds from equity sales and repayments 670,706 452,940
Purchase of property, equipment and software (63,408)
Net cash (used in) investing activities (3,309,889) (3,815,607)
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 1,989,833 910,817
Withdrawals on deposit-type contracts (246,103) (54,623)
Proceeds received from exercise of warrants, net of costs of issuance 1,836,025 4,935,661
Net cash provided by financing activities 3,579,755 5,791,855
Net increase in cash and cash equivalents 679,219 1,891,521
Cash and Cash Equivalents:    
Beginning 2,466,526 575,005
Ending $ 3,145,745 $ 2,466,526