Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Assets
Available for sale fixed maturity securities (amortized cost: $32,587,751 and $30,823,397 as of September 30, 2020 and December 31, 2019, respectively)	$ 36,667,727	$ 33,152,892
Equity securities, at fair value	36,667,727	33,152,892
Mortgage loans on real estate	2,311,931
Funds withheld under coinsurance agreement, at fair value	45,330,710
Policy loans	163,725	118,930
Total investments	94,597,577	43,413,325
Cash and cash equivalents	5,184,510	6,678,805
Investment income due and accrued	370,342	321,362
Reinsurance related assets	62,498	188,382
Deferred acquisition costs, net	8,394,478	2,652,674
Value of business acquired, net	544,767	559,994
Property, equipment and software, net	36,163	43,841
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	431,158	431,158
Other assets	722,840	372,166
Total assets	110,621,875	54,939,249
Liabilities:
Deposit-type contracts	71,662,245	19,396,614
Policyholder benefit reserves	19,921,816	17,326,524
Dividend accumulation	115,205	123,038
Advance premiums	122,415	78,709
Total policy liabilities	91,821,681	36,924,885
Accounts payable and accrued expenses	143,522	122,981
Federal Home Loan Bank advance	(2,000,000)	(1,000,000)
Other liabilities	180,976	15,186
Total liabilities	94,146,179	38,063,052
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,741,358 and 7,734,004 shares as of September 30, 2020 and December 31, 2019, respectively	774,137	773,401
Additional paid-in capital	23,116,136	23,210,257
Accumulated deficit	(11,494,544)	(9,436,956)
Accumulated other comprehensive income	4,079,967	2,329,495
Total shareholders' equity	16,475,696	16,876,197
Total liabilities and shareholders' equity	110,621,875	54,939,249
Fixed Maturities [Member]
Assets
Available for sale fixed maturity securities (amortized cost: $32,587,751 and $30,823,397 as of September 30, 2020 and December 31, 2019, respectively)	36,667,727	33,152,892
Equity securities, at fair value	36,667,727	33,152,892
Equity Securities [Member]
Assets
Available for sale fixed maturity securities (amortized cost: $32,587,751 and $30,823,397 as of September 30, 2020 and December 31, 2019, respectively)	10,123,484	10,141,503
Equity securities, at fair value	$ 10,123,484	$ 10,141,503