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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Premium income $ 1,982,642 $ 1,873,464 $ 3,732,570 $ 3,230,836
Net investment income 170,099 112,450 296,119 203,711
Net realized gain (loss) on sale of securities 16,097 (74) 208,502 10,764
Other income 19,253 22,185 39,455 35,590
Total income 2,188,091 2,008,025 4,276,646 3,480,901
Expenses:        
Death claims 293,570 216,737 686,158 333,264
Policyholder benefits 1,213,426 1,139,525 2,187,150 1,861,670
Increase in policyholder reserves 311,570 403,352 576,548 762,904
Commissions, net of deferrals 141,143 118,383 265,434 226,598
Amortization of deferred acquisition costs 46,461 51,642 84,225 89,099
Salaries & benefits 204,951 204,817 383,143 393,184
Other operating expenses 322,669 313,343 608,435 580,673
Total expense 2,533,790 2,447,799 4,791,093 4,247,392
Net loss $ (345,699) $ (439,774) $ (514,447) $ (766,491)
Net loss per common share, basic and diluted (in dollars per share) $ (0.06) $ (0.08) $ (0.09) $ (0.15)
Unrealized net holding gains arising during the period $ 270,394 $ 403,993 $ 468,246 $ 686,410
Reclassification adjustment for (gains) losses included in net loss (16,097) 74 (208,502) (10,764)
Other comprehensive income 254,297 404,067 259,744 675,646
Comprehensive loss $ (91,402) $ (35,707) $ (254,703) $ (90,845)