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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Premiums and policy fees $ 2,519,544 $ 2,996,420 $ 7,892,766 $ 8,812,151
Ceded reinsurance premiums and policy fees (659,789) (740,340) (2,230,079) (2,244,538)
Net investment income 3,121,288 2,850,301 8,974,189 10,079,273
Other income 93,287 90,209 304,824 385,756
Revenues before realized gains (losses) 5,074,330 5,196,590 14,941,700 17,032,642
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 0 0
Other realized investment gains, net 1,121,860 1,855,576 1,665,920 5,923,373
Total realized investment gains (losses), net 1,121,860 1,855,576 1,665,920 5,923,373
Total revenue 6,196,190 7,052,166 16,607,620 22,956,015
Benefits, claims and settlement expenses:        
Life 3,756,203 5,024,528 13,584,805 16,407,007
Ceded reinsurance benefits and claims (178,945) (511,137) (1,168,721) (2,017,207)
Annuity 162,374 260,264 700,584 887,840
Dividends to policyholders 82,820 93,053 304,020 342,287
Commissions and amortization of deferred policy acquisition costs (21,389) (21,923) (98,473) (93,865)
Amortization of cost of insurance acquired 209,775 218,246 629,328 654,738
Operating expenses 1,663,349 1,792,990 5,468,014 5,471,329
Total benefits and other expenses 5,674,187 6,856,021 19,419,557 21,652,129
Income (loss) before income taxes 522,003 196,145 (2,811,937) 1,303,886
Income tax (expense) benefit (355,682) 152,829 354,532 (339,658)
Net income (loss) 166,321 348,974 (2,457,405) 964,228
Net (income) loss attributable to noncontrolling interests (32,485) (29,663) 63,117 (75,636)
Net income (loss) attributable to common shareholders $ 133,836 $ 319,311 $ (2,394,288) $ 888,592
Amounts attributable to common shareholders':        
Basic income (loss) per share (in dollars per share) $ 0.04 $ 0.09 $ (0.71) $ 0.25
Diluted income (loss) per share (in dollars per share) $ 0.04 $ 0.09 $ (0.71) $ 0.25
Basic weighted average shares outstanding (in shares) 3,344,236 3,439,426 3,350,364 3,602,164
Diluted weighted average shares outstanding (in shares) 3,344,236 3,439,426 3,350,364 3,602,164