Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income: | ||||
| Premium income | $ 3,485,031 | $ 4,134,618 | $ 7,389,233 | $ 8,554,211 |
| Net investment income | 2,026,853 | 1,990,662 | 4,058,074 | 3,715,390 |
| Net investment gains (losses) | 171,761 | 719,895 | 59,954 | (329,778) |
| Other income | 104,669 | 131,191 | 175,449 | 218,555 |
| Total income | 5,788,314 | 6,976,366 | 11,682,710 | 12,158,378 |
| Expenses: | ||||
| Death claims | 1,226,545 | 1,307,781 | 2,636,746 | 2,750,026 |
| Policyholder benefits | 1,117,513 | 1,830,311 | 2,265,694 | 3,922,850 |
| Increase in policyholder reserves | 1,866,958 | 1,136,813 | 3,936,660 | 2,810,683 |
| Commissions, net of deferrals | 103,703 | 196,648 | 203,926 | 445,138 |
| Amortization of deferred acquisition costs | 210,757 | 273,563 | 425,691 | 441,487 |
| Amortization of value of business acquired | 23,105 | 23,105 | 46,210 | 46,210 |
| Salaries & benefits | 425,910 | 436,992 | 867,315 | 818,230 |
| Other operating expenses | 746,624 | 635,618 | 1,659,240 | 1,351,978 |
| Total expenses | 5,721,115 | 5,840,831 | 12,041,482 | 12,586,602 |
| Net (loss) income before tax | 67,199 | 1,135,535 | (358,772) | (428,224) |
| Total income tax benefit (expense) | (27,227) | (216,050) | 67,311 | 269 |
| Total income tax benefit (expense) | (27,227) | (216,050) | 67,311 | 269 |
| Net (loss) income | $ 39,972 | $ 919,485 | $ (291,461) | $ (427,955) |
| Net (loss) income per common share, basic and diluted (in dollars per share) | $ 0.01 | $ 0.12 | $ (0.04) | $ (0.06) |
| Unrealized net holding gains (losses) arising during the period, net of tax | $ 24,899 | $ (255,314) | $ (618,274) | $ 263,984 |
| Effects of discount rate changes, net of tax | 162,803 | (72,867) | 412,531 | (309,175) |
| Reclassification adjustment for gains (losses) included in net income | 51,737 | 96,072 | 187,972 | 152,107 |
| Other comprehensive (loss) income | 239,439 | (232,109) | (17,771) | 106,916 |
| Comprehensive (loss) income | $ 279,411 | $ 687,376 | $ (309,232) | $ (321,039) |
| X | ||||||||||
- Definition The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense (income) recognized due to changes in the accrued obligation to policyholders that relates to insured events. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to death claims incurred during the period. No definition available.
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- Definition Amount after tax of effects of discount rate changes on other comprehensive income (loss). No definition available.
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- Definition Amount of expense related to policy benefits incurred during the period. No definition available.
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