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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Securities available for sale:    
Fixed maturies (amortized cost: $20,652,034 and $19,289,551, respectively) $ 19,758,386 $ 18,954,190
Equity securities (cost: $0 and $75,000, respectively)   75,000
Equity method investments $ 941,975 978,744
Equity securities, at cost $ 118,250 124,250
Mortgage loans on real estate, held for investment   349,386
Real estate, held for investment $ 535,789 541,809
Policy loans 409,872 374,186
Total investments 21,764,272 21,397,565
Cash 1,760,294 2,310,047
Amounts recoverable from reinsurers 28,079,244 29,012,678
Interest and dividends due and accrued 195,873 192,879
Due premiums 643,552 649,478
Deferred acquisition costs, net 2,883,018 2,646,970
Value of business acquired, net 1,656,613 1,763,952
Intangible assets 700,000 700,000
Goodwill 1,129,824 1,129,824
Property and equipment, net 251,567 329,835
Other assets 429,988 293,890
Total assets 59,494,245 60,427,118
Liabilities:    
Benefit reserves 33,722,466 33,310,360
Policy claims 786,005 1,045,503
Deposit-type contracts 17,337,958 16,461,061
Advance premiums 83,345 82,504
Total policy liabilities 51,929,774 50,899,428
Accounts payable and accrued expenses 870,872 940,955
Surplus notes 550,000 550,000
Total liabilities $ 53,350,646 $ 52,390,383
Commitments and Contingencies (See Note 7)    
Stockholders' Equity:    
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 13,212,653 as of June 30, 2015 and 13,167,654 shares as of December 31, 2014. $ 13,213 $ 13,168
Additional paid-in capital 29,799,270 29,583,631
Accumulated deficit (22,770,701) (21,167,496)
Accumulated other comprehensive loss (898,360) (392,745)
Total stockholders' equity 6,143,599 8,036,735
Total liabilities and stockholders' equity 59,494,245 60,427,118
Series A Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock 74 74
Series B Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock $ 103 $ 103