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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Assets    
Available for sale securities $ 35,657,361 $ 33,609,215
Policy loans 42,436 33,975
Total investments 35,699,797 33,643,190
Cash and cash equivalents 1,981,829 651,809
Investment income due and accrued 265,766 214,998
Reinsurance related assets 168,926 249,879
Deferred acquisition costs, net 2,829,688 2,963,057
Value of business acquired, net 585,373 600,601
Property, equipment and software, net 199,804 221,077
Goodwill 277,542 277,542
Other assets 100,611 166,184
Total assets 42,109,336 38,988,337
Liabilities:    
Deposit-type contracts 15,637,161 13,448,891
Policyholder benefit reserves 13,629,608 11,488,979
Advance premiums 44,933 7,507
Total policy liabilities 29,311,702 24,945,377
Accounts payable and accrued expenses 89,351 98,382
Other liabilities 188,807 8,876
Total liabilities 29,589,860 25,052,635
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,515,492 and 7,310,939 shares as of September 30, 2018 and December 31, 2017, respectively 751,550 731,095
Additional paid-in capital 22,274,765 21,280,437
Accumulated deficit (9,264,741) (8,481,268)
Accumulated other comprehensive income (1,242,098) 405,438
Total shareholders' equity 12,519,476 13,935,702
Total liabilities and shareholders' equity 42,109,336 38,988,337
Fixed Maturities [Member]    
Assets    
Available for sale securities 24,135,704 22,945,700
Equities, Including Equity Securities and Other Equity Investments [Member]    
Assets    
Available for sale securities $ 11,521,657 $ 10,663,515