Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Available for sale securities	$ 40,560,227	$ 43,294,395
Policy loans	141,650	118,930
Total investments	40,701,877	43,413,325
Cash and cash equivalents	7,227,537	6,678,805
Investment income due and accrued	354,528	321,362
Reinsurance related assets	13,782,795	188,382
Deferred acquisition costs, net	3,873,837	2,652,674
Value of business acquired, net	554,918	559,994
Property, equipment and software, net	41,282	43,841
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	431,158	431,158
Other assets	416,404	372,166
Total assets	67,661,878	54,939,249
Liabilities:
Deposit-type contracts	35,409,722	19,396,614
Policyholder benefit reserves	18,316,000	17,326,524
Dividend accumulation	121,016	123,038
Advance premiums	90,562	78,709
Total policy liabilities	53,937,300	36,924,885
Accounts payable and accrued expenses	163,397	122,981
Federal Home Loan Bank advance	(1,000,000)	(1,000,000)
Other liabilities	98,079	15,186
Total liabilities	55,198,776	38,063,052
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,740,700 and 7,734,004 shares as of March 31, 2020 and December 31, 2019, respectively	774,071	773,401
Additional paid-in capital	23,204,894	23,210,257
Accumulated deficit	(12,140,327)	(9,436,956)
Accumulated other comprehensive income	624,464	2,329,495
Total shareholders' equity	12,463,102	16,876,197
Total liabilities and shareholders' equity	67,661,878	54,939,249
Fixed Maturities [Member]
Assets
Available for sale securities	32,872,792	33,152,892
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 7,687,435	$ 10,141,503