Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Assets
Available for sale fixed maturity securities (amortized cost: $32,635,261 and $30,823,397 as of June 30, 2020 and December 31, 2019, respectively)	$ 36,152,521	$ 33,152,892
Mortgage loans on real estate	962,690
Funds withheld under coinsurance agreement, at fair value	41,294,491
Policy loans	154,088	118,930
Total investments	87,705,290	43,413,325
Cash and cash equivalents	7,376,813	6,678,805
Investment income due and accrued	370,326	321,362
Reinsurance related assets	922,104	188,382
Deferred acquisition costs, net	8,310,532	2,652,674
Value of business acquired, net	549,843	559,994
Property, equipment and software, net	38,722	43,841
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	431,158	431,158
Other assets	890,771	372,166
Total assets	106,873,101	54,939,249
Liabilities:
Deposit-type contracts	70,647,008	19,396,614
Policyholder benefit reserves	18,976,406	17,326,524
Dividend accumulation	114,290	123,038
Advance premiums	80,727	78,709
Total policy liabilities	89,818,431	36,924,885
Accounts payable and accrued expenses	148,434	122,981
Federal Home Loan Bank advance	(2,000,000)	(1,000,000)
Other liabilities	20,464	15,186
Total liabilities	91,987,329	38,063,052
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,741,229 and 7,734,004 shares as of June 30, 2020 and December 31, 2019, respectively	774,124	773,401
Additional paid-in capital	23,161,098	23,210,257
Accumulated deficit	(12,566,699)	(9,436,956)
Accumulated other comprehensive income	3,517,249	2,329,495
Total shareholders' equity	14,885,772	16,876,197
Total liabilities and shareholders' equity	106,873,101	54,939,249
Fixed Maturities [Member]
Assets
Available for sale fixed maturity securities (amortized cost: $32,635,261 and $30,823,397 as of June 30, 2020 and December 31, 2019, respectively)	36,152,521	33,152,892
Equity Securities [Member]
Assets
Available for sale fixed maturity securities (amortized cost: $32,635,261 and $30,823,397 as of June 30, 2020 and December 31, 2019, respectively)	$ 9,141,500	$ 10,141,503