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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income:    
Premium income $ 2,392,976 $ 2,432,096
Net investment income 397,646 311,560
Unrealized gain on equity securites 727,203 0
Other income 12,799 9,246
Total income 3,530,624 2,752,902
Expenses:    
Death claims 395,667 235,374
Policyholder benefits 1,136,828 1,127,682
Increase in policyholder reserves 680,560 796,636
Commissions, net of deferrals 219,535 152,157
Amortization of deferred acquisition costs 62,902 90,355
Amortization of value of business acquired 5,076 5,076
Salaries & benefits 251,832 274,848
Other operating expenses 402,356 473,532
Total expense 3,154,756 3,155,660
Net lncome (loss) $ 375,868 $ (402,758)
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.05 $ (0.05)
Unrealized net holding gains (losses) arising during the period $ 1,245,778 $ (988,946)
Cumulative effect, adoption of accounting guidance on equity securities 1,098,760 0
Other comprehensive income (loss) 2,344,538 (988,946)
Comprehensive income (loss) $ 2,720,406 $ (1,391,704)