Investment in Great Plains Financial Corporation and First Wyoming Capital Corporation (Tables)

12 Months Ended

Dec. 31, 2013

Investment in Great Plains Financial Corporation and First Wyoming Capital Corporation [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

Investments, available for sale, fixed maturities	$	519,540
Investments, available for sale, equity securities		963,486
Short-term investments		1,168,530
Cash and cash equivalents		4,087,454
Amounts recoverable from reinsurers		38,754
Interest and dividends due and accrued		11,692
Due premiums		92,315
Furniture and equipment, net		22,383
Other assets		1,417,224
Benefit reserves		(1,221,816	)
Policy claims		(38,380	)
Deposit-type contracts		(737,230	)
Other liabilities		(279,268	)
Net assets acquired		6,044,684
Change in noncontrolling interests		(4,751,930	)
Equity investment in Great Plains Financial at initial consolidation date		(1,174,142	)
Gain on initial consolidation of Great Plains Financial	$	118,612

Schedule of Pro Forma Information

	Year Ended
	December 31, 2012
Premiums	$	5,494,457
Other income		1,176,681
Expenses		(9,419,078	)
Net loss		(2,747,940	)
Less: Loss attributable to noncontrolling interests		(794,485	)
Net loss attributable to Midwest Holding Inc.		(1,953,455	)
Net loss attributable to Midwest Holding Inc. per common share	$	(0.21	)