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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income:    
Premium income $ 3,047,177 $ 2,715,761
Net investment income 1,298,992 514,708
Net investment losses (117,332) (1,370,761)
Other income 79,428 13,656
Total income 4,308,265 1,873,364
Expenses:    
Death claims 571,164 481,712
Policyholder benefits 1,692,601 1,249,083
Increase in policyholder reserves 1,196,921 923,248
Commissions, net of deferrals 179,208 206,956
Amortization of deferred acquisition costs 270,057 575,210
Amortization of value of business acquired 23,105 5,076
Salaries & benefits 256,028 263,205
Other operating expenses 455,398 872,245
Total expense 4,644,482 4,576,735
Net loss $ (336,217) $ (2,703,371)
Net loss per common share, basic and diluted (in dollars per share) $ (0.04) $ (0.35)
Unrealized net holding losses arising during the period $ (2,251,999) $ (1,674,158)
Reclassification adjustment for gains included in net loss (13,850) (30,873)
Other comprehensive loss (2,265,849) (1,705,031)
Comprehensive loss $ (2,602,066) $ (4,408,402)