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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Premium income $ 3,362,256 $ 3,047,177
Net investment income 1,151,622 1,298,992
Net investment losses (732,653) (117,332)
Other income 79,565 79,428
Total income 3,860,790 4,308,265
Expenses:    
Death claims 797,288 571,164
Policyholder benefits 1,659,985 1,692,601
Increase in policyholder reserves 1,196,350 1,196,921
Commissions, net of deferrals 190,334 179,208
Amortization of deferred acquisition costs 275,698 270,057
Amortization of value of business acquired 23,105 23,105
Salaries & benefits 324,059 256,028
Other operating expenses 541,402 455,398
Total expense 5,008,221 4,644,482
Net loss $ (1,147,431) $ (336,217)
Net loss per common share, basic and diluted (in dollars per share) $ (0.15) $ (0.04)
Unrealized net holding losses arising during the period, net of tax $ (3,218,556) $ (2,251,999)
Reclassification adjustment for losses included in net loss 495 (13,850)
Other comprehensive loss (3,218,061) (2,265,849)
Comprehensive loss $ (4,365,492) $ (2,602,066)