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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Assets    
Available for sale securities $ 18,308,822 $ 15,463,578
Cash and cash equivalents 1,728,857 3,145,745
Investment income due and accrued 106,814 100,713
Reinsurance related assets 31,616 31,390
Deferred acquisition costs, net 213,636 153,792
Property, equipment and software, net 233,681 244,849
Other assets 301,851 51,922
Total assets 20,925,277 19,191,989
Liabilities:    
Deposit-type contracts 4,191,021 3,398,170
Policyholder benefit reserves 5,017,874 4,220,215
Advance premiums 188,343 121,944
Total policy liabilities 9,397,238 7,740,329
Accounts payable and accrued expenses 140,456 66,472
Other liabilities 1,885 4,205
Total liabilities 9,539,579 7,811,006
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 5,624,063 and 5,565,943 shares as of June 30, 2017 and December 31, 2016, respectively 562,407 556,595
Additional paid-in capital 18,270,769 18,017,163
Accumulated deficit (7,946,683) (7,432,236)
Accumulated other comprehensive income 499,205 239,461
Total shareholders' equity 11,385,698 11,380,983
Total liabilities and shareholders' equity 20,925,277 19,191,989
Fixed Maturities [Member]    
Assets    
Available for sale securities 11,088,336 10,320,074
Equities, Including Equity Securities and Other Equity Investments [Member]    
Assets    
Available for sale securities $ 7,220,486 $ 5,143,504