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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Assets    
Available for sale securities $ 34,420,862 $ 33,609,215
Policy loans 48,932 33,975
Total investments 34,469,794 33,643,190
Cash and cash equivalents 1,867,891 651,809
Investment income due and accrued 243,756 214,998
Reinsurance related assets 181,112 249,879
Deferred acquisition costs, net 2,871,727 2,963,057
Value of business acquired, net 590,449 600,601
Property, equipment and software, net 208,800 221,077
Goodwill 277,542 277,542
Other assets 132,114 166,184
Total assets 40,843,185 38,988,337
Liabilities:    
Deposit-type contracts 15,113,995 13,448,891
Policyholder benefit reserves 13,012,475 11,488,979
Advance premiums 28,428 7,507
Total policy liabilities 28,154,898 24,945,377
Accounts payable and accrued expenses 96,027 98,382
Other liabilities 21,259 8,876
Total liabilities 28,272,184 25,052,635
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,453,287 and 7,310,939 shares as of June 30, 2018 and December 31, 2017, respectively 745,330 731,095
Additional paid-in capital 21,985,207 21,280,437
Accumulated deficit (9,060,854) (8,481,268)
Accumulated other comprehensive income (loss) (1,098,682) 405,438
Total shareholders' equity 12,571,001 13,935,702
Total liabilities and shareholders' equity 40,843,185 38,988,337
Fixed Maturities [Member]    
Assets    
Available for sale securities 23,183,390 22,945,700
Equities, Including Equity Securities and Other Equity Investments [Member]    
Assets    
Available for sale securities $ 11,237,472 $ 10,663,515