Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets
Available for sale securities	$ 42,973,502	$ 37,869,778
Policy loans	68,774	56,539
Total investments	43,042,276	37,926,317
Cash and cash equivalents	5,145,539	2,077,646
Investment income due and accrued	306,343	286,890
Reinsurance related assets	174,827	161,846
Deferred acquisition costs, net	2,719,094	2,757,404
Value of business acquired, net	565,069	580,297
Property, equipment and software, net	46,400	54,078
Goodwill	277,542	277,542
Other assets	400,282	406,969
Total assets	52,677,372	44,528,989
Liabilities:
Deposit-type contracts	18,720,202	16,626,218
Policyholder benefit reserves	16,742,746	14,697,519
Dividend accumulation	126,575	176,056
Advance premiums	96,708	56,736
Total policy liabilities	35,686,231	31,556,529
Accounts payable and accrued expenses	103,679	311,082
Other liabilities	17,595	28,712
Total liabilities	35,807,505	31,896,323
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,732,570 and 7,650,551 shares as of September 30, 2019 and December 31, 2018, respectively	773,258	765,056
Additional paid-in capital	23,254,393	22,989,443
Accumulated deficit	(9,652,632)	(8,937,404)
Accumulated other comprehensive income (loss)	2,494,848	(2,184,429)
Total shareholders' equity	16,869,867	12,632,666
Total liabilities and shareholders' equity	52,677,372	44,528,989
Fixed Maturities [Member]
Assets
Available for sale securities	31,122,483	26,882,239
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 11,851,019	$ 10,987,539