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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income:        
Premium income $ 1,776,623 $ 5,169,638 $ 6,651,103 $ 8,902,208
Net investment income 370,207 189,028 1,047,330 485,147
Net realized gain (loss) on sale of securities 226,890 (327) 435,392
Other income 11,654 1,201 27,648 40,656
Total income 2,158,484 5,586,757 7,725,754 9,863,403
Expenses:        
Death claims 228,994 152,234 633,206 624,864
Policyholder benefits 740,579 479,965 3,056,358 2,609,324
Increase in policyholder reserves 604,647 4,357,257 2,112,259 5,205,124
Commissions, net of deferrals 120,413 97,151 440,391 362,585
Amortization of deferred acquisition costs 103,246 52,484 313,860 136,709
Amortization of value of business acquired 5,076 3,384 15,228 3,384
Salaries & benefits 238,612 244,143 781,952 627,286
Other operating expenses 320,804 278,795 1,155,973 887,230
Total expense 2,362,371 5,665,413 8,509,227 10,456,506
Net loss $ (203,887) $ (78,656) $ (783,473) $ (593,103)
Net loss per common share, basic and diluted (in dollars per share) $ (0.03) $ (0.01) $ (0.11) $ (0.10)
Unrealized net holding gains (losses) arising during the period $ (143,416) $ 19,839 $ (1,647,863) $ 488,085
Reclassification adjustment for (gains) losses included in net loss (226,890) 327 (435,392)
Other comprehensive income (loss) (143,416) (207,051) (1,647,536) 52,693
Comprehensive loss $ (347,303) $ (285,707) $ (2,431,009) $ (540,410)