XML 79 R68.htm IDEA: XBRL DOCUMENT v3.7.0.1
Schedule II Condensed Financial Information of Registrant Balance Sheets (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Assets      
Equity method investments    
Equity securities, at cost 140,250  
Total investments 28,669,251 24,362,071  
Cash and cash equivalents 661,545 1,192,336 $ 2,310,047
Property and equipment, net 158,471 217,565  
Other assets 95,773 532,674  
Total assets 47,267,129 62,926,404  
Liabilities and Stockholders' Equity      
Accounts payable and accrued expenses 1,211,875 1,013,313  
Total liabilities 42,998,207 56,022,430  
Stockholders' Equity:      
Common stock 22,559 18,006  
Additional paid-in capital 33,036,924 31,584,529  
Accumulated deficit (27,533,447) (23,685,525)  
Accumulated other comprehensive loss (1,257,291) (1,013,213)  
Total Midwest Holding Inc.'s stockholders' equity 5,875,404 6,903,974  
Total liabilities and stockholders' equity 47,267,129 62,926,404  
Series A Preferred Stock [Member]      
Stockholders' Equity:      
Preferred stock 74 74  
Series B Preferred Stock [Member]      
Stockholders' Equity:      
Preferred stock 103 103  
Parent Company [Member]      
Assets      
Investment in subsidiaries [1] 4,424,693 7,640,794  
Equity securities, at cost 140,250  
Total investments 4,424,693 7,781,044  
Cash and cash equivalents 112,563 212,422 $ 1,132,057
Property and equipment, net 78,790 85,339  
Other assets 153,502 381,149  
Total assets 4,769,548 8,459,954  
Liabilities and Stockholders' Equity      
Accounts payable and accrued expenses 500,626 1,555,980  
Total liabilities 500,626 1,555,980  
Stockholders' Equity:      
Common stock 22,559 18,006  
Additional paid-in capital 33,036,924 31,584,529  
Accumulated deficit (27,533,447) (23,685,525)  
Accumulated other comprehensive loss (1,257,291) (1,013,213)  
Total Midwest Holding Inc.'s stockholders' equity 4,268,922 6,903,974  
Total liabilities and stockholders' equity 4,769,548 8,459,954  
Parent Company [Member] | Series A Preferred Stock [Member]      
Stockholders' Equity:      
Preferred stock 74 74  
Parent Company [Member] | Series B Preferred Stock [Member]      
Stockholders' Equity:      
Preferred stock $ 103 $ 103  
[1] Eliminated in consolidation.