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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Premiums and policy fees $ 2,670,468 $ 3,040,968 $ 5,373,222 $ 5,815,731
Ceded reinsurance premiums and policy fees (843,636) (736,897) (1,570,290) (1,504,198)
Net investment income 2,816,417 3,210,481 5,852,901 7,228,972
Other income 95,578 110,351 211,537 295,547
Revenues before realized gains (losses) 4,738,827 5,624,903 9,867,370 11,836,052
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 0 0
Other realized investment gains, net 1,042,751 655,564 544,060 4,067,797
Total realized investment gains (losses), net 1,042,751 655,564 544,060 4,067,797
Total revenue 5,781,578 6,280,467 10,411,430 15,903,849
Benefits, claims and settlement expenses:        
Life 4,860,950 5,567,327 9,828,602 11,382,479
Ceded Reinsurance benefits and claims (703,666) (910,789) (989,776) (1,506,070)
Annuity 294,813 298,677 538,210 627,576
Dividends to policyholders 107,914 121,555 221,200 249,234
Commissions and amortization of deferred policy acquisition costs (41,103) (39,176) (77,084) (71,942)
Amortization of cost of insurance acquired 209,777 218,246 419,553 436,492
Operating expenses 1,758,608 1,904,102 3,804,665 3,678,339
Total benefits and other expenses 6,487,293 7,159,942 13,745,370 14,796,108
Income (loss) before income taxes (705,715) (879,475) (3,333,940) 1,107,741
Income tax (expense) benefit 196,624 307,193 710,214 (492,487)
Net income (loss) (509,091) (572,282) (2,623,726) 615,254
Net (income) loss attributable to noncontrolling interests (45,632) (140,540) 95,602 (45,973)
Net income (loss) attributable to common shareholders $ (554,723) $ (712,822) $ (2,528,124) $ 569,281
Amounts attributable to common shareholders':        
Basic income (loss) per share (in dollars per share) $ (0.17) $ (0.19) $ (0.75) $ 0.15
Diluted income (loss) per share (in dollars per share) $ (0.17) $ (0.19) $ (0.75) $ 0.15
Basic weighted average shares outstanding (in shares) 3,355,850 3,673,545 3,353,416 3,686,968
Diluted weighted average shares outstanding (in shares) 3,355,850 3,673,545 3,353,416 3,686,968