Schedule II Condensed Financial Information of Registrant Statements of Cash Flows

12 Months Ended

Dec. 31, 2013

Supplemental Information [Abstract]

Condensed Financial Information of Registrant Statements of Cash Flows

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Registrant

Statements of Cash Flows

	Year Ended December 31,
	2013			2012
Cash Flows from Operating Activities:
Net loss	$	(1,950,439	)	$	(1,657,687	)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating
activities:
Equity in net loss of consolidated subsidiaries		1,002,152			838,229
Depreciation		39,687			49,074
Net realized gain on investments		-			(783	)
Gain on deconsolidation of Hot Dot, Inc.		-			(278,513	)
Gain on initial consolidation of Great Plains Financial Corporation		-			(118,612	)
Gain from equity method investments		10,024			(36,043	)
Non-cash compensation expense		11,500			11,500
Changes in operating assets and liabilities:
Interest and dividends due and accrued		-			256
Other assets and liabilities		993,397			203,306
Net cash used in operating activities		106,321			(989,273	)
Cash Flows from Investing Activities:
Securities available for sale:
Purchases		-			(1,398,303	)
Sales, maturities and calls		9,000			68,388
Net change of mortgage loans on real estate, held for investment		-			230,000
Proceeds from payments on notes receivable		-			220,000
Purchases of property and equipment		(2,335	)		(30,292	)
Net cash used in investing activities		6,665			(910,207	)
Cash Flows from Financing Activities:
Repurchases of common stock		(215,783	)		-
Net proceeds from issuing equity in Hot Dot, Inc.		-			588,103
Net transfers from noncontrolling interests		-			104,977
Net cash provided by financing activities		(215,783	)		693,080
Net (decrease) in cash and cash equivalents		(102,797	)		(1,206,400	)
Cash and cash equivalents:
Beginning		152,909			1,359,309
Ending	$	50,112		$	152,909