Schedule II Condensed Financial Information of Registrant Balance Sheets

12 Months Ended

Dec. 31, 2018

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Registrant

Balance Sheets

	As of December 31,
	2018			2017
Assets:
Investment in subsidiaries (1)	$	16,199,089		$	2,229,775
Cash and cash equivalents		79,247			4,756
Property and equipment, net		27,217			42,587
Other assets		35,144			38,321
Total assets	$	16,340,697		$	2,315,439
Liabilities and Stockholders' Equity
Liabilities:
Notes payable		18,938,705			-
Accounts payable and accrued expenses		38,942			80,060
Total liabilities		18,977,647			80,060
Mezzanine Equity:
Preferred stock, Series C , $0.001 par value. Authorized 1,500,00 shares; issued and outstanding 1,500,000 as of December 31, 2018		1,500,000			-
Stockholders' Equity:
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 22,873,764 and 22,860,701 as of December 31, 2018 and 2019, respectively.		22,874			22,861
Additional paid-in capital		33,006,242			33,006,255
Accumulated deficit		(35,348,052	)		(30,282,518	)
Accumulated other comprehensive loss		(1,818,014	)		(511,219	)
Total stockholders' (deficit) equity		(4,136,950	)		2,235,379
Total liabilities, mezzanine and stockholders' (deficit) equity	$	16,340,697		$	2,315,439