XML 39 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income:        
Premium income $ 2,063,015 $ 1,776,623 $ 6,983,705 $ 6,651,103
Net investment income 442,719 370,207 1,303,757 1,047,330
Net realized gain (loss) on sale of securities 543 (13,985) (327)
Unrealized gain on equity securites 105,758 951,575 0
Other income 15,396 11,654 40,454 27,648
Total income 2,627,431 2,158,484 9,265,506 7,725,754
Expenses:        
Death claims 298,269 228,994 1,022,585 633,206
Policyholder benefits 962,603 740,579 3,267,898 3,056,358
Increase in policyholder reserves 560,128 604,647 1,997,786 2,112,259
Commissions, net of deferrals 157,944 120,413 571,543 440,391
Amortization of deferred acquisition costs 112,305 103,246 293,032 313,860
Amortization of value of business acquired 5,076 5,076 15,228 15,228
Salaries & benefits 270,673 238,612 773,400 781,952
Other operating expenses 217,987 320,804 940,502 1,155,973
Total expense 2,584,985 2,362,371 8,881,974 8,509,227
Net lncome (loss) $ 42,446 $ (203,887) $ 383,532 $ (783,473)
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.01 $ (0.03) $ 0.05 $ (0.11)
Unrealized net holding gains (losses) arising during the period $ 993,217 $ (143,416) $ 3,566,532 $ (1,647,863)
Cumulative effect, adoption of accounting guidance on equity securities 1,098,760 0
Reclassification adjustment for (gains) losses included in net loss (543) 13,985 327
Other comprehensive income (loss) 992,674 (143,416) 4,679,277 (1,647,536)
Comprehensive income (loss) $ 1,035,120 $ (347,303) $ 5,062,809 $ (2,431,009)