v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating activities    
Net loss $ (557,341) $ (716,878)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net accretion of discount and amortization of premium on investments (117,862) (191,474)
Net realized capital losses 13,346 0
Provision for depreciation and amortization 55,024 56,174
Policy acquisition costs deferred (1,576,137) (2,332,262)
Policy acquisition costs amortized 893,077 1,159,960
Mortgage loan origination fees deferred (6,708) 0
Amortization of mortgage loan origination fees 37,658 20,601
Provision for estimated mortgage loan losses (15,820) (15,001)
Provision for estimated uncollectible advances and notes receivable 0 (7,649)
Interest credited to policyholders 679,116 918,555
Change in assets and liabilities:    
Accrued investment income 4,754 44,878
Due premium 9,487 (60,741)
Reinsurance recoverable 298,028 (464,570)
Advances and notes receivable (51,909) 218,157
Prepaid assets 4,648 (3,736)
Other assets 10,421 3,994
Future policy benefits 336,343 735,120
Policy claims (270,086) (82,667)
Other policy liabilities 403,995 29,070
Other liabilities (216,177) 43,014
Net cash used in operating activities (66,143) (645,455)
Investing activities    
Purchases of furniture and equipment (2,544) (3,786)
Sales of available for sale securities 1,154,583 380,845
Purchases of mortgage loans (670,800) 0
Payments on mortgage loans 3,550,729 3,021,268
Policy loans 529 7,689
Payments on other long-term investments 638,135 1,384,831
Net cash provided by investing activities 4,670,632 4,790,847
Financing activities    
Proceeds from the subscription and issuance of common stock 631,319 1,285,100
Policyholder deposits 4,087,923 3,534,640
Policyholder withdrawals (7,252,849) (14,163,862)
Deposit-type contracts - deposits 599 24,546
Deposit-type contracts - withdrawals (63,743) (55,182)
Net cash used in financing activities (2,596,751) (9,374,758)
Increase (decrease) in cash and cash equivalents 2,007,738 (5,229,366)
Cash and cash equivalents, beginning of period 6,649,797 11,879,163
Cash and cash equivalents, end of period 8,657,535 6,649,797
Supplemental disclosure of non-cash investing activities    
Reductions in mortgage loans due to foreclosure 305,682 0
Investment real estate acquired through foreclosure $ (305,682) $ 0