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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets    
Available for sale securities $ 40,567,214 $ 37,869,778
Policy loans 57,435 56,539
Total investments 40,624,649 37,926,317
Cash and cash equivalents 2,485,374 2,077,646
Investment income due and accrued 311,398 286,890
Reinsurance related assets 101,315 161,846
Deferred acquisition costs, net 2,769,464 2,757,404
Value of business acquired, net 575,221 580,297
Property, equipment and software, net 51,519 54,078
Goodwill 277,542 277,542
Other assets 389,936 406,969
Total assets 47,586,418 44,528,989
Liabilities:    
Deposit-type contracts 17,280,482 16,626,218
Policyholder benefit reserves 15,329,070 14,697,519
Dividend accumulation 166,537 176,056
Advance premiums 50,149 56,736
Total policy liabilities 32,826,238 31,556,529
Accounts payable and accrued expenses 323,545 311,082
Other liabilities 25,433 28,712
Total liabilities 33,175,216 31,896,323
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,693,408 and 7,650,551 shares as of March 31, 2019 and December 31, 2018, respectively 769,342 765,056
Additional paid-in capital 23,142,047 22,989,443
Accumulated deficit (9,660,296) (8,937,404)
Accumulated other comprehensive income (loss) 160,109 (2,184,429)
Total shareholders' equity 14,411,202 12,632,666
Total liabilities and shareholders' equity 47,586,418 44,528,989
Fixed Maturities [Member]    
Assets    
Available for sale securities 28,671,748 26,882,239
Equities, Including Equity Securities and Other Equity Investments [Member]    
Assets    
Available for sale securities $ 11,895,466 $ 10,987,539