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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income:        
Premium income $ 2,442,384 $ 1,982,642 $ 4,874,480 $ 3,732,570
Net investment income 365,563 170,099 677,123 296,119
Net realized gain (loss) on sale of securities (327) 16,097 (327) 208,502
Other income 6,748 19,253 15,994 39,455
Total income 2,814,368 2,188,091 5,567,270 4,276,646
Expenses:        
Death claims 168,838 181,480 404,212 686,158
Policyholder benefits 1,188,097 1,191,959 2,315,779 2,187,150
Increase in policyholder reserves 710,976 445,127 1,507,612 576,548
Commissions, net of deferrals 167,821 141,143 319,978 265,434
Amortization of deferred acquisition costs 120,259 46,461 210,614 84,225
Amortization of value of business acquired 5,076 10,152
Salaries & benefits 268,492 204,951 543,340 383,143
Other operating expenses 361,637 322,669 835,169 608,435
Total expense 2,991,196 2,533,790 6,146,856 4,791,093
Net loss $ (176,828) $ (345,699) $ (579,586) $ (514,447)
Net loss per common share, basic and diluted (in dollars per share) $ (0.02) $ (0.06) $ (0.08) $ (0.09)
Unrealized net holding gains (losses) arising during the period $ (515,501) $ 270,394 $ (1,504,447) $ 468,246
Reclassification adjustment for gains included in net income (loss) 327 (16,097) 327 (208,502)
Other comprehensive income (loss) (515,174) 254,297 (1,504,120) 259,744
Comprehensive loss $ (692,002) $ (91,402) $ (2,083,706) $ (254,703)