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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income:        
Premium income $ 5,169,638 $ 1,490,255 $ 8,902,208 $ 4,721,091
Net investment income 189,028 116,780 485,147 320,491
Net realized gain on sale of securities 226,890 29,889 435,392 40,653
Other income 1,201 21,878 40,656 57,468
Total income 5,586,757 1,658,802 9,863,403 5,139,703
Expenses:        
Death claims 152,234 119,700 624,864 355,151
Policyholder benefits 479,965 715,171 2,609,324 2,520,956
Increase in policyholder reserves 4,357,257 556,685 5,205,124 1,473,287
Commissions, net of deferrals 97,151 88,952 362,585 315,550
Amortization of deferred acquisition costs 52,484 39,441 136,709 128,540
Value of business acquired amortized 3,384 3,384
Salaries & benefits 244,143 171,226 627,286 564,410
Other operating expenses 278,795 321,925 887,230 902,598
Total expense 5,665,413 2,013,100 10,456,506 6,260,492
Net loss $ (78,656) $ (354,298) $ (593,103) $ (1,120,789)
Net loss per common share, basic and diluted (in dollars per share) $ (0.01) $ (0.06) $ (0.10) $ (0.21)
Unrealized net holding gains arising during the period $ 19,839 $ 168,793 $ 488,085 $ 855,203
Reclassification adjustment for (gains) losses included in net loss (226,890) (29,889) (435,392) (40,653)
Other comprehensive income (loss) (207,051) 138,904 52,693 814,550
Comprehensive loss $ (285,707) $ (215,394) $ (540,410) $ (306,239)