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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income:    
Premiums $ 3,517,458 $ 3,424,377
Investment income, net of expenses 878,991 663,968
Loss on equity method investment (420,720) (357,437)
Net realized gains (losses) on investments 31,504 (117,364)
Miscellaneous income 107,015 171,571
Total Income 4,114,248 3,785,115
Expenses:    
Death and other benefits 803,091 908,658
Interest credited 776,541 533,646
Increase in benefit reserves 751,743 777,111
Amortization of deferred acquisition costs 367,235 469,674
Salaries and benefits 2,345,311 1,940,345
Goodwill impairment 1,129,824
Other operating expenses 3,114,951 2,578,288
Total Expenses 9,288,448 7,207,722
Operating Loss (5,174,448) (3,422,607)
Bargain purchase gain for business acquisition 1,326,526 904,578
Loss before income taxes (3,847,922) (2,518,029)
Income tax expense
Net loss (3,847,922) (2,518,029)
Comprehensive loss:    
Unrealized losses on investments arising during period (212,574) (737,832)
Less: reclassification adjustment for net realized (gains) losses on investments (31,504) 117,364
Other comprehensive loss (244,078) (620,468)
Comprehensive loss $ (4,092,000) $ (3,138,497)
Net loss per common share, basic and diluted $ (0.18) $ (0.18)