Texas Republic Capital 10-K 27 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 25, 2020	Jun. 30, 2019
Document Information Line Items
Entity Registrant Name	Texas Republic Capital Corp
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		14,764,587
Entity Public Float			$ 0
Amendment Flag	false
Entity Central Index Key	0001560452
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Assets
Available-for-sale fixed maturity securities at fair value (Amortized cost: $7,673,671 and $6,828,467 as of December 31, 2019 and 2018, respectively)	$ 8,089,460	$ 6,665,056
Mortgage loans	2,908,541	1,445,030
Other long-term investments	1,966,347	449,461
Total investments	12,964,348	8,559,547
Cash and cash equivalents	15,208,477	6,511,652
Accrued investment income	111,889	76,668
Due premium	5,075	5,050
Deferred policy acquisition costs	668,454	326,210
Deferred sales inducement costs	770,177	164,316
Advances and notes receivable	134,560	14,360
Leased property - right to use	248,298	0
Security deposit	7,109	7,109
Prepaid and other assets	140,339	33,871
Furniture and equipment, net	26,840	34,210
Total assets	30,285,566	15,732,993
Liabilities and Shareholders’ Equity
Policyholders’ account balances	18,440,872	3,165,519
Future policy benefits	516,870	338,407
Policy claims and other benefits	59,693	28,306
Liability for deposit-type contracts	14,870	19,540
Other policyholder liabilities	160,000	9,283
Total policy liabilities	19,192,305	3,561,055
Lease liability	248,298	0
Deferred taxes	87,104	0
Accounts payable	85,044	143,065
Total liabilities	19,612,751	3,704,120
Shareholders’ equity
Common stock, par value $.01 per share, 25,000,000 shares authorized, 14,867,097 issued as of December 31, 2019 and 2018, 14,764,587 and 14,850,097 outstanding as of December 31, 2019 and 2018, respectively	148,671	148,671
Additional paid-in capital	17,538,618	17,538,618
Treasury stock, at cost (102,510 and 17,000 shares as of December 31, 2019 and 2018	(104,485)	(50,000)
Accumulated other comprehensive income (loss)	327,676	(162,781)
Accumulated deficit	(7,237,665)	(5,445,635)
Total shareholders’ equity	10,672,815	12,028,873
Total liabilities and shareholders’ equity	$ 30,285,566	$ 15,732,993

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parentheticals) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale fixed maturity securities Amortized cost (in Dollars)	$ 7,673,671	$ 6,828,467
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,867,097	14,867,097
Common stock, shares outstanding	14,764,587	14,850,097
Treasury stock, shares	102,510	17,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenues
Premiums and other considerations	$ 377,580	$ 363,515
Net investment income	692,626	348,264
Net realized gains on investments	117,261	0
Commission income	120,070	55,293
Total revenues	1,307,537	767,072
Benefits, claims and expenses
Increase in future policy benefits	177,487	162,828
Death and other benefits	31,387	25,802
Interest credited to policyholders	396,573	67,882
Total benefits and claims	605,447	256,512
Policy acquisition costs deferred	(389,914)	(197,369)
Policy acquisition costs amortized	46,032	65,373
Commissions	464,583	236,270
Salaries and wages	1,289,863	784,688
Employee benefits	115,982	73,203
Taxes, licenses and fees	92,483	56,432
Office rent	92,034	80,967
Director fees	41,000	48,250
Third-party administration fees	201,935	188,413
Service and transfer agent fees	44,800	47,156
Travel, meals and entertainment	80,571	31,885
Professional fees	238,432	153,953
Furniture, equipment and software	57,286	31,978
Office and other expenses	119,033	136,797
Total benefits, claims and expenses	3,099,567	1,994,508
Net loss	$ (1,792,030)	$ (1,227,436)
Net loss per common share outstanding (in Dollars per share)	$ (0.12)	$ (0.08)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net loss	$ (1,792,030)	$ (1,227,436)
Other comprehensive income (loss)
Total net unrealized gains (losses) arising during the period	696,461	(249,678)
Less net realized investment gains	117,261	0
Net unrealized investment gains (losses)	579,200	(249,678)
Adjustment to deferred acquisition costs	(1,639)	630
Deferred taxes	(87,104)	0
Total other comprehensive income (loss)	490,457	(249,048)
Total comprehensive loss	$ (1,301,573)	$ (1,476,484)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity Years Ended December 31, 2018 and 2017 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2017	$ 148,671	$ 17,538,618	$ (15,000)	$ 86,267	$ (4,218,199)	$ 13,540,357
Purchase of common stock			(35,000)			(35,000)
Other comprehensive income (loss)				(249,048)		(249,048)
Net loss					(1,227,436)	(1,227,436)
Balance at Dec. 31, 2018	148,671	17,538,618	(50,000)	(162,781)	(5,445,635)	12,028,873
Purchase of common stock			(83,210)			(83,210)
Treasury shares issued			28,725			28,725
Other comprehensive income (loss)				490,457		490,457
Net loss					(1,792,030)	(1,792,030)
Balance at Dec. 31, 2019	$ 148,671	$ 17,538,618	$ (104,485)	$ 327,676	$ (7,237,665)	$ 10,672,815

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities
Net loss	$ (1,792,030)	$ (1,227,436)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discount on investments	(123,676)	(23,468)
Net realized capital gains	(117,261)	0
Provision for depreciation	12,403	12,066
Policy acquisition costs deferred	(389,914)	(197,369)
Policy acquisition costs amortized	46,032	65,373
Mortgage loan origination fees deferred	(33,318)	(27,154)
Amortization of mortgage loan origination fees	2,552	122
Interest credited to policyholders	396,573	67,882
Non-cash salary expense	28,725	0
Change in assets and liabilities:
Accrued investment income	(35,221)	(53,959)
Due premium	(25)	(5,050)
Advances and notes receivable	(120,200)	10,490
Prepaid and other assets	(106,468)	(4,490)
Future policy benefits	178,463	163,384
Policy claims	31,387	25,802
Other policy liabilities	150,717	(73,918)
Accounts payable	(58,021)	87,945
Net cash used in operating activities	(1,929,282)	(1,179,780)
Investing activities
Purchase of furniture and equipment	(5,033)	(13,046)
Purchase of fixed maturity securities	(1,886,362)	(4,540,023)
Sales of fixed maturity securities	1,154,147	0
Purchase of mortgage loans	(1,538,835)	(1,428,137)
Payments on mortgage loans	109,709	10,206
Purchase of other long-term investments	(1,715,610)	(426,183)
Payments on other long-term investments	323,052	0
Net cash used in investing activities	(3,558,932)	(6,397,183)
Financing activities
Purchase of treasury stock	(83,210)	(35,000)
Policyholder deposits	14,427,022	1,838,464
Policyholder withdrawals	(153,648)	(312,549)
Deposit-type contracts - deposits	0	24,175
Deposit-type contracts - withdrawals	(5,125)	(5,125)
Net cash provided by financing activities	14,185,039	1,509,965
Increase (decrease) in cash and cash equivalents	8,696,825	(6,066,998)
Cash and cash equivalents,	6,511,652	12,578,650
Cash and cash equivalents,	15,208,477	6,511,652
Supplemental disclosure of non-cash financing activities
Treasury stock issued as compensation	$ 28,725	$ 0

Organization and Significant Ac

Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. Organization and Significant Accounting Policies Nature of Operations Texas Republic Capital Corporation (the “Company”) is the parent holding company of Texas Republic Life Insurance Company (“TRLIC”) and Texas Republic Life Solutions, Inc. (“TRLS”). The Company was incorporated in Texas on May 15, 2012, for the primary purpose of forming and capitalizing a life insurance company subsidiary. The Texas Department of Insurance approved TRLIC’s life insurance charter on August 1, 2016. The Company capitalized TRLIC with $3,000,000 and owns 100% of TRLIC. TRLIC began insurance operations on April 3, 2017 and is currently selling life and annuity products in the state of Texas. During 2018 the Company made capital contributions of $2,000,000 and $750,000 to TRLIC. During the second quarter of 2019 the Company made an additional capital contribution to TRLIC of mortgage loans valued at $857,133. During the third quarter of 2019 the Company made an additional capital contribution of $1,300,000 in cash to TRLIC bringing the total capitalization of TRLIC to $7,907,133. TRLS, an insurance agency, was incorporated February 1, 2017. The Company capitalized TRLS with $50,000 and owns 100% of TRLS. During 2018 the Company made an additional capital contribution of $100,000 bringing the total capitalization of TRLS to $150,000. From incorporation through April 2, 2017, the Company was involved in the sale of common stock to provide working capital. During this time the Company completed an organizational offering, three private placement stock offerings and an intrastate public stock offering in the state of Texas. The Company raised $10,336,500 and incurred $1,215,569 of offering costs through the issuance of 12,865,000 shares from the organizational offering and three private placement offerings. The intrastate public stock offering was registered to raise $25,000,000 by offering 5,000,000 shares of its common stock and was ended on April 2, 2017. This offering raised $10,010,485 and incurred $1,444,127 of offering costs through the sale of 2,002,097 shares of the common stock. Basis of Presentation The accompanying audited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results. Reclassifications Certain reclassifications have been made in the prior year financial statements to conform to current year classifications. These reclassifications had no effect on the previously reported net loss or shareholders equity. Investments Fixed maturity securities are comprised of bonds that are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is generally adjusted for amortization of premium and accretion of discount. Interest income, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. The amortized cost of fixed maturity securities available-for-sale is written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its investments to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in shareholders’ equity. If a decline in a security’s fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities, available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no change to the cost basis of the security. The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management’s judgment as to the financial position and future prospects of the entity issuing the security. It is not possible to accurately predict when it may be determined that a specific security will become impaired. Future adverse changes in market conditions, poor operating results of underlying investments and defaults on mortgage loan payments could result in losses or an inability to recover the current carrying value of the investments, thereby possibly requiring an impairment charge in the future. Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not that the Company will be required to sell such securities prior to recovery in value or maturity, a future impairment charge could result. If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security’s expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Purchases and sales of securities are recorded on a trade-date basis. Interest earned on investments is recorded on the accrual basis and is included in net investment income. The Company’s mortgage loan portfolio is comprised of residential properties with loan to appraised value ratios at or below 90%. Mortgage loans are carried at current book value. The Company’s other long-term investments are comprised of lottery prize cash flows holdings held at amortized cost. They are categorized as other long-term investments in the statement of financial position and are assignments of the future rights from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and money market instruments. Deferred Policy Acquisition Costs Costs that relate to and vary with the successful production of new business are deferred over the life of the policy. Deferred acquisition costs (“DAC”) consist of commissions and policy issuance, underwriting and agency expenses. DAC expenses are amortized primarily over the premium-paying period of life policies and as profits emerge on annuity products. Amortization uses the same assumptions as were used in computing liabilities for future policy benefits. There was $389,914 of DAC deferred for the twelve months ended December 31, 2019 and $46,032 of DAC amortized for the twelve months ended December 31, 2019. There was $197,369 of DAC deferred for the twelve months ended December 31, 2018 and $65,373 of DAC amortized for the twelve months ended December 31, 2018. Deferred Sales Inducement Costs Sales inducement costs (“SIC”) are related to policy bonuses issued on some of the Company’s annuity products. SIC is deferred at the issuance of the policy and amortized over the shorter of the bonus period or the life of the policy based on the expected future profits of the business. The amount deferred is based on the difference between the fund value with the bonus and the fund value without the bonus. There was $770,177 and $164,316 of SIC deferred at December 31, 2019 and December 31, 2018, respectively. For the twelve months ended December 31, 2019 there was $722,641 of SIC deferred and $116,780 of SIC amortized. There was $104,603 of SIC deferred and $20,153 of SIC amortized during the twelve months ended December 31, 2018. Advances and Notes Receivable Advances and notes receivable are recorded at unpaid principal balances. Management evaluates the collectability of advances and notes receivable on the specific identification basis. Uncollectible amounts are reported in the results of operations in the year the determination is made. Leased Property – Right to Use Asset In February 2016, the FASB issued ASU 2016-02, Lease Accounting (Topic 842) (“ASU 2016-02”). Under ASU 2016-02, a lessee is required to recognize assets and liabilities for leases with lease terms of more than twelve months. The Company’s home office lease has a term greater than one year, and the Company recognizes on the balance sheet as of January 1, 2019 a right of use (“ROU”) operating lease asset and a lease liability, initially measured at the present value of the lease payments. Lease costs are recognized in the income statement over the lease term on a straight-line basis. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The Company has a lease asset and liability of $248,298 as of December 31, 2019. Furniture and Equipment Furniture and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and EDP equipment is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three to seven years. Policyholders’ Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus applicable bonus and interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 3.11% to 5.00%. Future Policy Benefits Future policy benefit reserves have been computed by the net level premium method with assumptions as to investment yields, mortality and withdrawals based upon the Company’s experience. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amount of policy liabilities and the increase in future policy benefit reserves. Management’s judgments and estimates for future policy benefit reserves provide for possible unfavorable deviation. Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 per share. Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, are recorded at cost. Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under GAAP and balances determined using tax bases. Net Loss Per Common Share Outstanding Net loss per common share is calculated using the weighted average number of common shares outstanding during the year. Shares sold during the period are considered to be outstanding for one half of the month in which they were sold. The weighted average common shares outstanding were 14,806,943 and 14,861,514 for the years ending December 31, 2019 and 2018, respectively. Related Party Transactions During 2018 the Company entered into an agreement with First Trinity Financial Corporation (FTFC) where FTFC will use its resources to source mortgages on real estate and lottery bonds. FTFC will present to the Company investments based on criteria the Company has established. The Company has the option to purchase the presented investment assets directly from the seller or to decline the purchase based on the Company’s analysis of the investment. All mortgages and lottery bonds that were purchased by the Company in 2019 and 2018 were obtained through this agreement. The Chairman of the Company is also the Chairman, President, and Chief Executive Officer of FTFC. During 2019 the Company paid $79,379 to FTFC under the agreement. In 2018 the Company paid $28,563 under the agreement. Subsequent Events Management has evaluated subsequent events for recognition and disclosure in the financial statements through the date the financial statements were available to be issued. Due to the current Health Pandemic and the disruption in the bond markets the Company’s fixed securities portfolio has incurred a decrease in value of approximately $665,000 through March 27, 2020. The Company has the ability to hold the fixed securities until maturity. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “Leases” In July 2018, the FASB issued updated guidance (Accounting Standards Update 2018-11) that provides entities with an additional (and optional) transition method to adopt the new standard on leases. Under this new transition method, an entity initially applies the new standard on leases at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new standard on leases will continue to be in accordance with current GAAP (Topic 840, Leases). An entity that elects this additional (and optional) transition method must provide the required Topic 840 disclosures for all periods that continue to be in accordance with Topic 840. The Company adopted ASU 2016-02, as of January 1, 2019. The Company elected to utilize the cumulative-effect adjustment to the opening balance of retained earnings for the year of adoption. Accordingly, the Company’s reporting for the comparative periods prior to adoption continue to be presented in the financial statements in accordance with previous lease accounting guidance. The Company also elected to apply all practical expedients applicable to the Company in the updated guidance for transition for the lease in effect at adoption, including using hindsight to determine the lease term of the existing leases, the option to not reassess whether an existing contract is a lease or contains a lease and whether the lease is an operating or finance lease. The Company increased assets and liabilities by $331,065 at the adoption date. In September 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments” In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other” (“ASU 2017-04”). In March 2017, the FASB issued ASU 2017-08 Receivables-Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities In February 2018, the FASB issued ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-12 Financial Services-Insurance (Topic 944) Targeted Improvements to the Accounting for Long-Duration Contracts

Investments

Investments	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Investment [Text Block]	2. Investments Fixed Maturity Securities Available-For-Sale Investments in fixed maturity securities available-for-sale as of December 31, 2019 and 2018 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair December 31, 2019 Cost Gains Losses Value Fixed maturity securities Corporate bonds $ 7,673,671 $ 456,779 $ 40,990 $ 8,089,460 Total fixed maturity securities $ 7,673,671 $ 456,779 $ 40,990 $ 8,089,460 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 Cost Gains Losses Value Fixed maturity securities Corporate bonds $ 6,828,467 $ 25,916 $ 189,327 $ 6,665,056 Total fixed maturity securities $ 6,828,467 $ 25,916 $ 189,327 $ 6,665,056 For securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of December 31, 2019 and 2018 are summarized as follows: Unrealized Number of December 31, 2019 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 602,772 $ 8,050 5 Greater than 12 months Corporate bonds 366,310 32,940 3 Total fixed maturity securities $ 969,082 $ 40,990 8 Unrealized Number of December 31, 2018 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 4,321,663 $ 170,332 36 Greater than 12 months Corporate bonds 82,500 18,995 1 Total fixed maturity securities $ 4,404,163 $ 189,327 37 As of December 31, 2019, seven of the eight fixed maturity securities in a loss position had a fair value to amortized cost ratio greater than 97%. As of December 31, 2018, 33 of the 37 fixed maturity securities in a loss position had a fair value to amortized cost ratio equal to or greater than 90%. The one fixed security that was below 97% at December 31, 2019 was at 72%. The five securities in a less than 12-month loss position had an average fair value to amortized cost ratio of over 98%. The two of the three securities in a loss position greater than 12-months had a fair value to amortized cost ratio of over 98% of December 31, 2019. The remaining security mentioned just above had a fair value to amortized cost ratio of over 72%. Two fixed maturity securities with a par value of $250,000 are below investment grade as rated by Standard and Poor’s as of December 31, 2019 and December 31, 2018. The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not that it may be required to sell the security prior to its recovery in value. For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not that it will be required to sell the security before recovery of its cost basis, is a fixed maturity security adjusted to fair value and the resulting losses recognized in realized gains (losses) in the consolidated statements of operations. Any other-than-temporary impairments on equity securities are recorded in the consolidated statements of operations in the periods incurred as the difference between fair value and cost. Based on management’s review, the Company experienced no other-than-temporary impairments during the years ended December 31, 2019 and 2018. Management believes that the Company will fully recover its cost basis in the securities held as of December 31, 2019, and management does not have the intent to sell nor is it more likely than not that the Company will be required to sell such securities until they recover or mature. The temporary impairments shown herein are primarily the result of the current interest rate environment rather than credit factors that would imply other-than-temporary impairment. Net unrealized gains included in accumulated other comprehensive income (loss) for investments classified as available-for-sale are summarized as follows: December 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 415,789 $ (163,411 ) Adjustment to deferred acquisition costs (1,009 ) 630 Deferred taxes (87,104 ) - Net unrealized appreciation (depreciation) on available-for-sale securities $ 327,676 $ (162,781 ) The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2019, by contractual maturity, are summarized as follows: Amortized Cost Fair Value Due after one year through five years $ 2,614,046 $ 2,719,666 Due after five years through ten years 3,337,986 3,569,650 Due after ten years 1,721,639 1,800,144 Total fixed maturity securities $ 7,673,671 $ 8,089,460 The amortized cost and fair value of other long-term investments (which consists of lottery prize cash flows) as of December 31, 2019, by contractual maturity, are summarized as follows: Amortized Cost Fair Value Due in one year or less $ 339,589 $ 350,347 Due after one year through five years 1,245,147 1,423,428 Due after five years through ten years 359,316 480,686 Due after ten years 22,295 36,091 Total other long-term investments $ 1,966,347 $ 2,290,552 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Other long-term investments by geographic distribution: December 31, 2019 % December 31, 2018 % California $ 137,888 7.0 % $ - 0.0 % Indiana 209,829 10.7 - 0.0 Massachusetts 408,037 20.8 176,490 39.3 New York 692,016 35.2 272,971 60.7 Ohio 161,073 8.2 - 0.0 Oregon 140,304 7.1 - 0.0 Pennsylvania 217,200 11.0 - 0.0 Total $ 1,966,347 100.0 % $ 449,461 100.0 % Mortgage Loan on Real Estate The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s mortgage loans on real estate by credit quality using this ratio as of December 31, 2019 and 2018 December 31, 2019 December 31, 2018 Over 90% $ 96,480 $ - 80% to 90% 145,388 - 70% to 80% 184,168 75,947 60% to 70% 1,548,486 573,506 50% to 60% 824,354 677,169 40% to 50% 109,665 118,408 Total $ 2,908,541 $ 1,445,030 Mortgage loans by geographic distribution: State December 31, 2019 % December 31, 2018 % Alabama $ 145,389 5.0 % $ - 0.0 % Florida 228,529 7.9 229,785 15.9 Illinois 782,437 26.9 118,408 8.2 Indiana 53,808 1.9 - 0.0 Missouri 55,857 1.9 - 0.0 Tennessee 780,840 26.8 875,895 60.6 Texas 715,931 24.6 220,942 15.3 Wisconsin 145,750 5.0 - 0.0 Total $ 2,908,541 100.0 % $ 1,445,030 100.0 % There were 8 loans with a remaining principal balance of $698,090 that were 90 days or more past due and still accruing interest as of December 31, 2019. There were no loans 90 days or more past due as of December 31, 2018. Major categories of net investment income for the years ended December 31, 2019 and 2018 are summarized as follows: For the Years Ended December 31, 2019 2018 Fixed maturity securities $ 305,782 $ 205,466 Other long-term assets 124,328 23,279 Mortgage loans 142,409 25,400 Short-term and other investments 167,800 113,672 Gross investment income 740,319 367,817 Investment expenses (47,693 ) (19,553 ) Net investment income $ 692,626 $ 348,264

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	3. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) on the measurement date. The Company also considers the impact on fair value of a significant decrease in volume and level of activity for an asset or liability when compared with normal activity. The Company holds fixed maturity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value, as follows: Level 1 Level 2 Level 3 The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three-level fair value hierarchy. If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may result in a reclassification for certain financial assets or liabilities. Reclassifications impacting the levels of the fair value hierarchy are reported as transfers in and out of the specific level category as of the beginning of the period in which the reclassifications occur. The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of December 31, 2019 and 2018 is summarized as follows: December 31, 2019 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale Corporate bonds $ - $ 8,089,460 $ - $ 8,089,460 Total fixed maturity securities $ - $ 8,089,460 $ - $ 8,089,460 December 31, 2018 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale Corporate bonds $ - $ 6,665,056 $ - $ 6,665,056 Total fixed maturity securities $ - $ 6,665,056 $ - $ 6,665,056 Fair values for Level 2 assets for the Company’s fixed maturity securities available-for-sale are primarily based on prices supplied by a third-party investment service. The third-party investment service provides quoted prices which use observable inputs in developing such rates. The Company analyzes market valuations received to verify reasonableness and to understand the key assumptions used and the sources. Since the fixed maturity securities owned by the Company do not trade on a daily basis, the third-party investment service prepares estimates of fair value measurements using relevant market data, benchmark curves, sector groupings, and matrix pricing. As the fair value estimates of the Company’s fixed maturity securities are based on observable market information rather than market quotes, the estimates of fair value on these fixed maturity securities are included in Level 2 of the hierarchy. The Company’s Level 2 investments include corporate bonds. The Company’s fixed maturity securities available-for-sale portfolio is highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. Fair Value of Financial Instruments The carrying amount and fair value of the Company’s financial assets disclosed, but not carried, at fair value as of December 31, 2019 and 2018 and the level within the fair value hierarchy at which such assets and liabilities are measured on a recurring basis are summarized as follows: Financial Instruments Disclosed, But Not Carried, at Fair Value: December 31, 2019 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 15,208,477 $ 15,208,477 $ 15,208,477 $ - $ - Mortgages on real estate 2,908,541 2,851,527 - - 2,851,527 Other long-term investments 1,966,347 2,290,552 - - 2,290,552 Accrued investment income 111,889 111,889 - - 111,889 Advances and notes receivable 134,560 134,560 - - 134,560 Total financial assets $ 20,329,814 20,597,005 $ 15,208,477 $ - $ 5,388,528 Financial liabilities Policyholders’ account balances $ 18,440,872 $ 15,893,600 $ - $ - $ 15,893,600 Policy claims 59,693 59,693 - - 59,693 Total financial liabilities $ 18,500,565 $ 15,953,293 $ - $ - $ 15,953,293 December 31, 2018 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 6,511,652 $ 6,511,652 $ 6,511,652 $ - $ - Mortgages on real estate 1,445,030 1,457,196 - - 1,457,196 Other long-term investments 449,461 539,544 - - 539,544 Accrued investment income 76,668 76,668 - - 76,668 Advances and notes receivable 14,360 14,360 - - 14,360 Total financial assets $ 8,497,171 8,599,420 $ 6,511,652 $ - $ 2,087,768 Financial liabilities Policyholders’ account balances $ 3,165,519 $ 2,375,631 $ - $ - $ 2,375,631 Policy claims 28,306 28,306 - - 28,306 Total financial liabilities $ 3,193,825 $ 2,403,937 $ - $ - $ 2,403,937 The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not necessarily indicative of the amounts which could be realized in a current market exchange. The use of different market assumptions or estimation methodologies may have a material effect on the fair value amounts. The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto: Fixed Maturity Securities The fair values of fixed maturity securities are based on the principles previously discussed as Level 1, Level 2 and Level 3. Cash and Cash Equivalents, Accrued Investment Income and Advances and Notes Receivable The carrying value of these financial instruments approximates their fair values due to the expected short-term nature until the cash settlement of these items. Cash and cash equivalents are included in Level 1 of the fair value hierarchy due to their highly liquid nature. Accrued investment income and advances and notes receivable are included in Level 3 of the fair value hierarchy due to little or no availability of market activity for these types of assets. Mortgages on Real Estate The Company’s mortgage loan portfolio is comprised of residential properties with loan to appraised value ratios at or below 90%. The fair values for mortgage loans are estimated using discounted cash flow analyses. For residential mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. Other Long-Term Investments Other long-term investments are comprised of lottery prize receivables and fair value is derived by using a discounted cash flow approach. Projected cash flows are discounted using the average FTSE Pension Liability Index in effect at the end of each period. Policyholders’ Account Balances The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The fair values for insurance contracts other than investment-type contracts are not required to be disclosed. Policy Claims The carrying amounts reported for these liabilities approximate their fair value.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	4. Property and Equipment Property and equipment as of December 31, 2019 and 2018 is summarized as follows: December 31, 2019 December 31, 2018 Total property and equipment $ 60,372 $ 55,339 Less - accumulated depreciation (33,532 ) (21,129 ) Property and equipment net of accumulated depreciation $ 26,840 $ 34,210

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5. Income Taxes The Company files a consolidated return with its subsidiary TRLS. The Company’s other subsidiary TRLIC files a separate federal return for life insurance companies. TRLIC is taxed as a life insurance company under the provisions of the Internal Revenue Code. Life insurance companies must file separate tax returns until they have been a member of the consolidated filing group for five years. Certain items included in income reported for financial statement purposes are not included in taxable income for the current period, resulting in deferred income taxes. The Company has net operating loss carryforwards of approximately $3.6 million expiring in 2032 through 2037. The company also has $500,560 of loss carryforwards from 2019 and 2018 that will not expire. A valuation allowance of $858,345 has been established for net operating losses arising from 2012 through 2019 since the Company has not demonstrated the ability to generate taxable income. As of December 31, 2019, TRLIC has $2,248,756 in operating loss carryforwards that have originated since 2016. In accordance with the Tax Cuts and Jobs Act of 2017, $588,407 of the operating loss carryforwards were generated prior to 1/1/18 and will expire in 2031 and 2032. Additionally, TRLIC has loss carryforwards of $1,660,349 from 2019 and 2018 which will not expire. TRLIC’s operating loss carryforwards has a valuation allowance of $472,239 against it at December 31, 2019, as TRLIC has not yet demonstrated the ability to generate taxable income. The utilization of those losses is restricted by the tax laws and some or all the losses may not be available for use. The Company and its subsidiaries have no known uncertain tax benefits within its provision for income taxes. In addition, the Company does not believe it would be subject to any penalties or interest relative to any open tax years and, therefore, have not accrued any such amounts. The Company files U.S. federal income tax returns and income tax returns in various state jurisdictions. The 2016 through 2018 U.S. federal tax years are subject to income tax examination by tax authorities. The Company classifies any interest and penalties (if applicable) as income tax expense in the financial statements.

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	6. Concentrations of Credit Risk The Company maintains cash and cash equivalents at multiple institutions. The Federal Deposit Insurance Corporation insures non-interest-bearing accounts up to $250,000. Uninsured balances aggregate $2,312,416 as of December 31, 2019. The Company monitors the solvency of all financial institutions in which it has funds to minimize the exposure for loss. The Company has not experienced any losses in these accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

Stock Incentive Plan

Stock Incentive Plan	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	7. Stock Incentive Plan The Company’s Agent Stock Incentive Plan (“ASIP”) was approved in August 2018 by the Texas State Securities Board. The plan awards shares of Texas Republic Capital Corporation common stock to agents based on certain production levels achieved in sales of life and annuity products. Calculation of awards at December 31, 2019 are based on production for the period of January through December 2019. The ASIP will issue 5,060 shares awarded on 2019 production. The ASIP issued 1,490 shares in 2019 based on 2018 production. Also, in 2019 the Company issued 10,000 shares as part of an employment agreement.

Lease Commitment

Lease Commitment	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	8. Lease Commitment The Company rents office space for certain administrative operations under an agreement that expires in 2022. The lease includes an option to extend or renew the lease term. The operating lease liability includes lease payments related to options to extend or renew the lease term only if the Company is reasonably certain of exercising those options. The exercise of the renewal option is at the Company's discretion; at this time there is uncertainty as to the Company exercising its renewal option so the option is not included in the determination of the present value calculation. In determining the present value of lease payments, the Company uses its incremental borrowing rate obtained from its main commercial bank. Future payments under operating lease arrangements accounted for under ASC Topic 842 as of December 31, 2019 are as follows: 2020 91,896 2021 93,593 2022 95,006 Total operating lease payments, undiscounted $ 280,495 Less: interest (32,197 ) Lease liability, at present value $ 248,298

Shareholders' Equity and Statut

Shareholders' Equity and Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	9. Shareholders’ Equity and Statutory Accounting Practices TRLIC is domiciled in Texas and prepares its statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the TDI. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners, state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed. Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions and valuing investments, deferred taxes, and certain assets on a different basis. The statutory net loss for TRLIC was $2,193,318 and $897,619 for the years ended December 31, 2019 and 2018, respectively. The statutory capital and surplus of TRLIC was $4,043,328 and $4,201,803 as of December 31, 2019 and 2018, respectively. TRLIC is subject to Texas laws that limit the amount of dividends insurance companies can pay to stockholders without approval of the TDI. The maximum dividend, which may be paid in any twelve-month period without notification or approval, is limited to the greater of 10% of statutory surplus as of December 31 of the preceding year or the net gain from operations of the preceding calendar year. Cash dividends may only be paid out of surplus derived from realized net profits. Based on these limitations, there is no capacity for TRLIC to pay a dividend to TRCC.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Basis of Presentation The accompanying audited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made in the prior year financial statements to conform to current year classifications. These reclassifications had no effect on the previously reported net loss or shareholders equity.
Investment, Policy [Policy Text Block]	Investments Fixed maturity securities are comprised of bonds that are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is generally adjusted for amortization of premium and accretion of discount. Interest income, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. The amortized cost of fixed maturity securities available-for-sale is written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its investments to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in shareholders’ equity. If a decline in a security’s fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities, available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no change to the cost basis of the security. The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management’s judgment as to the financial position and future prospects of the entity issuing the security. It is not possible to accurately predict when it may be determined that a specific security will become impaired. Future adverse changes in market conditions, poor operating results of underlying investments and defaults on mortgage loan payments could result in losses or an inability to recover the current carrying value of the investments, thereby possibly requiring an impairment charge in the future. Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not that the Company will be required to sell such securities prior to recovery in value or maturity, a future impairment charge could result. If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security’s expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Purchases and sales of securities are recorded on a trade-date basis. Interest earned on investments is recorded on the accrual basis and is included in net investment income. The Company’s mortgage loan portfolio is comprised of residential properties with loan to appraised value ratios at or below 90%. Mortgage loans are carried at current book value. The Company’s other long-term investments are comprised of lottery prize cash flows holdings held at amortized cost. They are categorized as other long-term investments in the statement of financial position and are assignments of the future rights from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and money market instruments
Deferred Policy Acquisition Costs, Policy [Policy Text Block]	Deferred Policy Acquisition Costs Costs that relate to and vary with the successful production of new business are deferred over the life of the policy. Deferred acquisition costs (“DAC”) consist of commissions and policy issuance, underwriting and agency expenses. DAC expenses are amortized primarily over the premium-paying period of life policies and as profits emerge on annuity products. Amortization uses the same assumptions as were used in computing liabilities for future policy benefits. There was $389,914 of DAC deferred for the twelve months ended December 31, 2019 and $46,032 of DAC amortized for the twelve months ended December 31, 2019. There was $197,369 of DAC deferred for the twelve months ended December 31, 2018 and $65,373 of DAC amortized for the twelve months ended December 31, 2018.
Deferred Charges, Policy [Policy Text Block]	Deferred Sales Inducement Costs Sales inducement costs (“SIC”) are related to policy bonuses issued on some of the Company’s annuity products. SIC is deferred at the issuance of the policy and amortized over the shorter of the bonus period or the life of the policy based on the expected future profits of the business. The amount deferred is based on the difference between the fund value with the bonus and the fund value without the bonus. There was $770,177 and $164,316 of SIC deferred at December 31, 2019 and December 31, 2018, respectively. For the twelve months ended December 31, 2019 there was $722,641 of SIC deferred and $116,780 of SIC amortized. There was $104,603 of SIC deferred and $20,153 of SIC amortized during the twelve months ended December 31, 2018.
Receivable [Policy Text Block]	Advances and Notes Receivable Advances and notes receivable are recorded at unpaid principal balances. Management evaluates the collectability of advances and notes receivable on the specific identification basis. Uncollectible amounts are reported in the results of operations in the year the determination is made.
Lessee, Leases [Policy Text Block]	Leased Property – Right to Use Asset In February 2016, the FASB issued ASU 2016-02, Lease Accounting (Topic 842) (“ASU 2016-02”). Under ASU 2016-02, a lessee is required to recognize assets and liabilities for leases with lease terms of more than twelve months. The Company’s home office lease has a term greater than one year, and the Company recognizes on the balance sheet as of January 1, 2019 a right of use (“ROU”) operating lease asset and a lease liability, initially measured at the present value of the lease payments. Lease costs are recognized in the income statement over the lease term on a straight-line basis. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The Company has a lease asset and liability of $248,298 as of December 31, 2019
Property, Plant and Equipment, Policy [Policy Text Block]	Furniture and Equipment Furniture and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and EDP equipment is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three to seven years.
Policyholder Accounts, Policy [Policy Text Block]	Policyholders’ Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus applicable bonus and interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 3.11% to 5.00%.
Liability for Future Policy Benefit [Policy Text Block]	Future Policy Benefits Future policy benefit reserves have been computed by the net level premium method with assumptions as to investment yields, mortality and withdrawals based upon the Company’s experience. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amount of policy liabilities and the increase in future policy benefit reserves. Management’s judgments and estimates for future policy benefit reserves provide for possible unfavorable deviation
Stockholders' Equity, Policy [Policy Text Block]	Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 per share.
Treasure Stock [Policy Text Block]	Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, are recorded at cost.
Income Tax, Policy [Policy Text Block]	Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under GAAP and balances determined using tax bases.
Earnings Per Share, Policy [Policy Text Block]	Net Loss Per Common Share Outstanding Net loss per common share is calculated using the weighted average number of common shares outstanding during the year. Shares sold during the period are considered to be outstanding for one half of the month in which they were sold. The weighted average common shares outstanding were 14,806,943 and 14,861,514 for the years ending December 31, 2019 and 2018, respectively.
Related Party Transactions, Policy [Policy Text Block]	Related Party Transactions During 2018 the Company entered into an agreement with First Trinity Financial Corporation (FTFC) where FTFC will use its resources to source mortgages on real estate and lottery bonds. FTFC will present to the Company investments based on criteria the Company has established. The Company has the option to purchase the presented investment assets directly from the seller or to decline the purchase based on the Company’s analysis of the investment. All mortgages and lottery bonds that were purchased by the Company in 2019 and 2018 were obtained through this agreement. The Chairman of the Company is also the Chairman, President, and Chief Executive Officer of FTFC. During 2019 the Company paid $79,379 to FTFC under the agreement. In 2018 the Company paid $28,563 under the agreement.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated subsequent events for recognition and disclosure in the financial statements through the date the financial statements were available to be issued. Due to the current Health Pandemic and the disruption in the bond markets the Company’s fixed securities portfolio has incurred a decrease in value of approximately $665,000 through March 27, 2020. The Company has the ability to hold the fixed securities until maturity.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “Leases” In July 2018, the FASB issued updated guidance (Accounting Standards Update 2018-11) that provides entities with an additional (and optional) transition method to adopt the new standard on leases. Under this new transition method, an entity initially applies the new standard on leases at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new standard on leases will continue to be in accordance with current GAAP (Topic 840, Leases). An entity that elects this additional (and optional) transition method must provide the required Topic 840 disclosures for all periods that continue to be in accordance with Topic 840. The Company adopted ASU 2016-02, as of January 1, 2019. The Company elected to utilize the cumulative-effect adjustment to the opening balance of retained earnings for the year of adoption. Accordingly, the Company’s reporting for the comparative periods prior to adoption continue to be presented in the financial statements in accordance with previous lease accounting guidance. The Company also elected to apply all practical expedients applicable to the Company in the updated guidance for transition for the lease in effect at adoption, including using hindsight to determine the lease term of the existing leases, the option to not reassess whether an existing contract is a lease or contains a lease and whether the lease is an operating or finance lease. The Company increased assets and liabilities by $331,065 at the adoption date. In September 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments” In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other” (“ASU 2017-04”). In March 2017, the FASB issued ASU 2017-08 Receivables-Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities In February 2018, the FASB issued ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-12 Financial Services-Insurance (Topic 944) Targeted Improvements to the Accounting for Long-Duration Contracts

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Available-for-sale Securities [Table Text Block]	Investments in fixed maturity securities available-for-sale as of December 31, 2019 and 2018 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair December 31, 2019 Cost Gains Losses Value Fixed maturity securities Corporate bonds $ 7,673,671 $ 456,779 $ 40,990 $ 8,089,460 Total fixed maturity securities $ 7,673,671 $ 456,779 $ 40,990 $ 8,089,460 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 Cost Gains Losses Value Fixed maturity securities Corporate bonds $ 6,828,467 $ 25,916 $ 189,327 $ 6,665,056 Total fixed maturity securities $ 6,828,467 $ 25,916 $ 189,327 $ 6,665,056
Schedule of Unrealized Loss on Investments [Table Text Block]	For securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of December 31, 2019 and 2018 are summarized as follows: Unrealized Number of December 31, 2019 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 602,772 $ 8,050 5 Greater than 12 months Corporate bonds 366,310 32,940 3 Total fixed maturity securities $ 969,082 $ 40,990 8 Unrealized Number of December 31, 2018 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 4,321,663 $ 170,332 36 Greater than 12 months Corporate bonds 82,500 18,995 1 Total fixed maturity securities $ 4,404,163 $ 189,327 37
Unrealized Gain (Loss) on Investments [Table Text Block]	Net unrealized gains included in accumulated other comprehensive income (loss) for investments classified as available-for-sale are summarized as follows: December 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 415,789 $ (163,411 ) Adjustment to deferred acquisition costs (1,009 ) 630 Deferred taxes (87,104 ) - Net unrealized appreciation (depreciation) on available-for-sale securities $ 327,676 $ (162,781 )
Investments Classified by Contractual Maturity Date [Table Text Block]	The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2019, by contractual maturity, are summarized as follows: Amortized Cost Fair Value Due after one year through five years $ 2,614,046 $ 2,719,666 Due after five years through ten years 3,337,986 3,569,650 Due after ten years 1,721,639 1,800,144 Total fixed maturity securities $ 7,673,671 $ 8,089,460 Amortized Cost Fair Value Due in one year or less $ 339,589 $ 350,347 Due after one year through five years 1,245,147 1,423,428 Due after five years through ten years 359,316 480,686 Due after ten years 22,295 36,091 Total other long-term investments $ 1,966,347 $ 2,290,552
Investment Holdings, Schedule of Investments [Table Text Block]	December 31, 2019 % December 31, 2018 % California $ 137,888 7.0 % $ - 0.0 % Indiana 209,829 10.7 - 0.0 Massachusetts 408,037 20.8 176,490 39.3 New York 692,016 35.2 272,971 60.7 Ohio 161,073 8.2 - 0.0 Oregon 140,304 7.1 - 0.0 Pennsylvania 217,200 11.0 - 0.0 Total $ 1,966,347 100.0 % $ 449,461 100.0 % State December 31, 2019 % December 31, 2018 % Alabama $ 145,389 5.0 % $ - 0.0 % Florida 228,529 7.9 229,785 15.9 Illinois 782,437 26.9 118,408 8.2 Indiana 53,808 1.9 - 0.0 Missouri 55,857 1.9 - 0.0 Tennessee 780,840 26.8 875,895 60.6 Texas 715,931 24.6 220,942 15.3 Wisconsin 145,750 5.0 - 0.0 Total $ 2,908,541 100.0 % $ 1,445,030 100.0 %
Mortgage Loan on Real Estate [Table Text Block]	The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s mortgage loans on real estate by credit quality using this ratio as of December 31, 2019 and 2018 are summarized as follows: December 31, 2019 December 31, 2018 Over 90% $ 96,480 $ - 80% to 90% 145,388 - 70% to 80% 184,168 75,947 60% to 70% 1,548,486 573,506 50% to 60% 824,354 677,169 40% to 50% 109,665 118,408 Total $ 2,908,541 $ 1,445,030
Investment Income [Table Text Block]	Major categories of net investment income for the years ended December 31, 2019 and 2018 are summarized as follows: For the Years Ended December 31, 2019 2018 Fixed maturity securities $ 305,782 $ 205,466 Other long-term assets 124,328 23,279 Mortgage loans 142,409 25,400 Short-term and other investments 167,800 113,672 Gross investment income 740,319 367,817 Investment expenses (47,693 ) (19,553 ) Net investment income $ 692,626 $ 348,264

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of December 31, 2019 and 2018 is summarized as follows: December 31, 2019 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale Corporate bonds $ - $ 8,089,460 $ - $ 8,089,460 Total fixed maturity securities $ - $ 8,089,460 $ - $ 8,089,460 December 31, 2018 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale Corporate bonds $ - $ 6,665,056 $ - $ 6,665,056 Total fixed maturity securities $ - $ 6,665,056 $ - $ 6,665,056
Fair Value, by Balance Sheet Grouping [Table Text Block]	Financial Instruments Disclosed, But Not Carried, at Fair Value: December 31, 2019 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 15,208,477 $ 15,208,477 $ 15,208,477 $ - $ - Mortgages on real estate 2,908,541 2,851,527 - - 2,851,527 Other long-term investments 1,966,347 2,290,552 - - 2,290,552 Accrued investment income 111,889 111,889 - - 111,889 Advances and notes receivable 134,560 134,560 - - 134,560 Total financial assets $ 20,329,814 20,597,005 $ 15,208,477 $ - $ 5,388,528 Financial liabilities Policyholders’ account balances $ 18,440,872 $ 15,893,600 $ - $ - $ 15,893,600 Policy claims 59,693 59,693 - - 59,693 Total financial liabilities $ 18,500,565 $ 15,953,293 $ - $ - $ 15,953,293 December 31, 2018 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 6,511,652 $ 6,511,652 $ 6,511,652 $ - $ - Mortgages on real estate 1,445,030 1,457,196 - - 1,457,196 Other long-term investments 449,461 539,544 - - 539,544 Accrued investment income 76,668 76,668 - - 76,668 Advances and notes receivable 14,360 14,360 - - 14,360 Total financial assets $ 8,497,171 8,599,420 $ 6,511,652 $ - $ 2,087,768 Financial liabilities Policyholders’ account balances $ 3,165,519 $ 2,375,631 $ - $ - $ 2,375,631 Policy claims 28,306 28,306 - - 28,306 Total financial liabilities $ 3,193,825 $ 2,403,937 $ - $ - $ 2,403,937

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment as of December 31, 2019 and 2018 is summarized as follows: December 31, 2019 December 31, 2018 Total property and equipment $ 60,372 $ 55,339 Less - accumulated depreciation (33,532 ) (21,129 ) Property and equipment net of accumulated depreciation $ 26,840 $ 34,210

Lease Commitment (Tables)

Lease Commitment (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future payments under operating lease arrangements accounted for under ASC Topic 842 as of December 31, 2019 are as follows: 2020 91,896 2021 93,593 2022 95,006 Total operating lease payments, undiscounted $ 280,495 Less: interest (32,197 ) Lease liability, at present value $ 248,298

Organization and Significant _2

Organization and Significant Accounting Policies (Details)	Feb. 01, 2017USD ($)	Aug. 01, 2016USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017	Apr. 02, 2017USD ($)shares	Jan. 01, 2019USD ($)
Organization and Significant Accounting Policies (Details) [Line Items]
Investments						$ 12,964,348	$ 8,559,547
Public Stock Offering, Maximum									$ 25,000,000
Deferred Policy Acquisition Cost, Capitalization						389,914	197,369
Deferred Policy Acquisition Costs, Amortization Expense						46,032	65,373
Deferred Sale Inducement Cost						770,177	164,316
Deferred Sale Inducement Cost, Capitalization						722,641	104,603
Deferred Sales Inducement Cost, Amortization Expense						116,780	$ 20,153
Operating Lease, Payments						$ 248,298
Weighted Average Number of Shares Outstanding, Basic (in Shares) | shares						14,806,943	14,861,514
Operating Lease, Right-of-Use Asset						$ 248,298	$ 0			$ 331,065
Effective Income Tax Rate Reconciliation, Percent							21.00%	35.00%
Minimum [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life						3 years
Liability for Policyholder Contract Deposits, Interest Rate						3.11%
Maximum [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life						7 years
Liability for Policyholder Contract Deposits, Interest Rate						5.00%
Mortgages [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio						90.00%
Related Party Transaction, Amounts of Transaction						$ 79,379	$ 28,563
Private Placement [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Number of Private Placement Stock Offerings									3
Proceeds from Issuance or Sale of Equity									$ 10,010,485
Stock Issued During Period, Shares, New Issues (in Shares) | shares									2,002,097
Payments of Stock Issuance Costs									$ 1,444,127
Intrastate Public Offering [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Number of Private Placement Stock Offerings									3
Proceeds from Issuance or Sale of Equity									$ 10,336,500
Stock Issued During Period, Shares, New Issues (in Shares) | shares									1,215,569
Payments of Stock Issuance Costs									$ 12,865,000
Common Class A [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Public Stock Offering, Shares (in Shares) | shares									5,000,000
Texas Republic Life Insurance Company [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Payments to Acquire Businesses, Gross		$ 3,000,000			$ 750,000		2,000,000
Equity Method Investment, Ownership Percentage		100.00%
Proceeds from Contributed Capital			$ 1,300,000	$ 857,133
Investments						$ 7,907,133
Texas Republic Life Solutions [Member]
Organization and Significant Accounting Policies (Details) [Line Items]
Payments to Acquire Businesses, Gross	$ 50,000						100,000
Equity Method Investment, Ownership Percentage	100.00%
Investments							$ 150,000

Investments (Details)

Investments (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments (Details) [Line Items]
Financing Receivable, Past Due (in Dollars)	$ 698,090	$ 0
Corporate Bond Securities [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities Below Investment Grade, Par Value (in Dollars)		$ 250,000
Single Issue In Loss Position [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	72.00%
Ratio Equal to or Greater Than 97% [Member] | Corporate Bond Securities [Member] | Seven of Eight Fixed Maturity Securities [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	97.00%
Ratio Below 97% [Member] | Corporate Bond Securities [Member] | Thirty Three out of Thirty Seven Fixed Maturity Securities [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio		90.00%
Ratio Below 97% [Member] | Corporate Bond Securities [Member] | One Fixed Security [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	72.00%
Ratio Over 98% [Member] | Corporate Bond Securities [Member] | Five Securities [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	98.00%
Ratio Over 98% [Member] | Corporate Bond Securities [Member] | Two of the Three Securities in a Loss Position [Member]
Investments (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	98.00%

Investments (Details) - Schedul

Investments (Details) - Schedule of Available-for-Sale Securities - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments (Details) - Schedule of Available-for-Sale Securities [Line Items]
Fixed Maturity Securities, Amortized Cost	$ 7,673,671	$ 6,828,467
Fixed Maturity Securities, Gross Unrealized Gains	456,779	25,916
Fixed Maturity Securities, Gross Unrealized Losses	40,990	189,327
Fixed Maturity Securities, Fair Value	8,089,460	6,665,056
Corporate Bond Securities [Member]
Investments (Details) - Schedule of Available-for-Sale Securities [Line Items]
Fixed Maturity Securities, Amortized Cost	7,673,671	6,828,467
Fixed Maturity Securities, Gross Unrealized Gains	456,779	25,916
Fixed Maturity Securities, Gross Unrealized Losses	40,990	189,327
Fixed Maturity Securities, Fair Value	$ 8,089,460	$ 6,665,056

Investments (Details) - Sched_2

Investments (Details) - Schedule of Unrealized Loss on Investments	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Greater than 12 months
Corporate bonds greater than 12 months, fair value	$ 366,310
Corporate bonds greater than 12 months, unrealized loss	$ 32,940
Corporate bonds greater than 12 months, number of securities	3
Total fixed maturity securities, fair value	$ 969,082	$ 4,404,163
Total fixed maturity securities, unrealized loss	$ 40,990	$ 189,327
Total fixed maturity securities, number of securities	8	37
Corporate Bond Securities [Member]
Less than 12 months
Corporate bonds less than than 12 months, fair value	$ 602,772	$ 4,321,663
Corporate bonds less than 12 months, unrealized loss	$ 8,050	$ 170,332
Corporate bonds less than 12 months, number of securities	5	36
Greater than 12 months
Corporate bonds greater than 12 months, fair value		$ 82,500
Corporate bonds greater than 12 months, unrealized loss		$ 18,995
Corporate bonds greater than 12 months, number of securities		1

Investments (Details) - Unreali

Investments (Details) - Unrealized Gain (Loss) on Investments - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Unrealized Gain (Loss) on Investments [Abstract]
Unrealized appreciation (depreciation) on available-for-sale securities	$ 415,789	$ (163,411)
Adjustment to deferred acquisition costs	(1,009)	630
Deferred taxes	(87,104)	0
Net unrealized appreciation (depreciation) on available-for-sale securities	$ 327,676	$ (162,781)

Investments (Details) - Investm

Investments (Details) - Investments Classified by Contractual Maturity Date - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fixed Maturities [Member]
Investments (Details) - Investments Classified by Contractual Maturity Date [Line Items]
Due after one year through five years, Amortized Cost	$ 2,614,046
Due after one year through five years, Fair Value	2,719,666
Due after five years through ten years, Amortized Cost	3,337,986
Due after five years through ten years, Fair Value	3,569,650
Due after ten years, Amortized Cost	1,721,639
Due after ten years, Fair Value	1,800,144
Total, Amortized Cost	7,673,671
Total, Fair Value	8,089,460
Other Long-term Investments [Member]
Investments (Details) - Investments Classified by Contractual Maturity Date [Line Items]
Due after one year through five years, Amortized Cost	1,245,147
Due after one year through five years, Fair Value	1,423,428
Due after five years through ten years, Amortized Cost	359,316
Due after five years through ten years, Fair Value	480,686
Due after ten years, Amortized Cost	22,295
Due after ten years, Fair Value	36,091
Total, Amortized Cost	1,966,347	$ 449,461
Total, Fair Value	2,290,552
Due in one year or less, Amortized Cost	339,589
Due in one year or less, Fair Value	$ 350,347

Investments (Details) - Inves_2

Investments (Details) - Investment Holdings, Schedule of Investments - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 1,966,347	$ 449,461
Investment, Percentage	100.00%	100.00%
Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	100.00%	100.00%
Mortgage assets	$ 2,908,541	$ 1,445,030
CALIFORNIA | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 137,888	$ 0
Investment, Percentage	7.00%	0.00%
INDIANA | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 209,829	$ 0
Investment, Percentage	10.70%	0.00%
INDIANA | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	1.90%	0.00%
Mortgage assets	$ 53,808	$ 0
MASSACHUSETTS | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 408,037	$ 176,490
Investment, Percentage	20.80%	39.30%
NEW YORK | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 692,016	$ 272,971
Investment, Percentage	35.20%	60.70%
OHIO | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 161,073	$ 0
Investment, Percentage	8.20%	0.00%
OREGON | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 140,304	$ 0
Investment, Percentage	7.10%	0.00%
PENNSYLVANIA | Other Long-term Investments [Member]
Schedule of Investments [Line Items]
Long-term Investment	$ 217,200	$ 0
Investment, Percentage	11.00%	0.00%
ALABAMA | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	5.00%	0.00%
Mortgage assets	$ 145,389	$ 0
FLORIDA | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	7.90%	15.90%
Mortgage assets	$ 228,529	$ 229,785
ILLINOIS | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	26.90%	8.20%
Mortgage assets	$ 782,437	$ 118,408
MISSOURI | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	1.90%	0.00%
Mortgage assets	$ 55,857	$ 0
TENNESSEE | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	26.80%	60.60%
Mortgage assets	$ 780,840	$ 875,895
TEXAS | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	24.60%	15.30%
Mortgage assets	$ 715,931	$ 220,942
WISCONSIN | Mortgages [Member]
Schedule of Investments [Line Items]
Investment, Percentage	5.00%	0.00%
Mortgage assets	$ 145,750	$ 0

Investments (Details) - Mortgag

Investments (Details) - Mortgage Loan on Real Estate - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	$ 2,908,541	$ 1,445,030
Debt-to-Value Ratio, 90 Percent or Higher [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	96,480	0
Debt-to-Value Ratio, 70 to 80 Percent [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	145,388	0
Debt-to-Value Ratio, 70 to 80 Percent [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	184,168	75,947
Debt-to-Value Ratio, 60 to 70 Percent [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	1,548,486	573,506
Debt-to-Value Ratio, 50 to 60 Percent [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	824,354	677,169
Debt-to-Value Ratio, 40 to 50 Percent [Member]
Investments (Details) - Mortgage Loan on Real Estate [Line Items]
Mortgage loans on real estate	$ 109,665	$ 118,408

Investments (Details) - Inves_3

Investments (Details) - Investment Income - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net Investment Income [Line Items]
Gross investment income	$ 740,319	$ 367,817
Investment expenses	(47,693)	(19,553)
Net investment income	692,626	348,264
Fixed Maturities [Member]
Net Investment Income [Line Items]
Gross investment income	305,782	205,466
Other Long-term Investments [Member]
Net Investment Income [Line Items]
Gross investment income	124,328	23,279
Mortgages [Member]
Net Investment Income [Line Items]
Gross investment income	142,409	25,400
Short-term Investments [Member]
Net Investment Income [Line Items]
Gross investment income	$ 167,800	$ 113,672

Fair Value Measurements (Detail

Fair Value Measurements (Details)	Dec. 31, 2019
Mortgages [Member]
Fair Value Measurements (Details) [Line Items]
Fixed Maturity Securities, Fair Value to Amortized Cost Ratio	90.00%

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	$ 8,089,460	$ 6,665,056
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	8,089,460	6,665,056
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	0	0
Corporate Debt Securities [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	8,089,460	6,665,056
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	8,089,460	6,665,056
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measure on Recurring Basis [Line Items]
Fixed Maturity Securities	$ 0	$ 0

Fair Value Measurements (Deta_3

Fair Value Measurements (Details) - Fair Value, by Balance Sheet Grouping - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 15,208,477	$ 6,511,652	$ 12,578,650
Cash and cash equivalents	15,208,477	6,511,652
Mortgages on real estate	2,908,541	1,445,030
Mortgages on real estate	2,851,527	1,457,196
Other long-term assets	1,966,347	449,461
Other long-term assets	2,290,552	539,544
Accrued investment income	111,889	76,668
Accrued investment income	111,889	76,668
Notes receivable	134,560	14,360
Notes receivable	134,560	14,360
Total financial assets	20,329,814	8,497,171
Total financial assets	20,597,005	8,599,420
Policyholders’ account balances	18,440,872	3,165,519
Policyholders’ account balances	15,893,600	2,375,631
Policy claims	59,693	28,306
Policy claims	59,693	28,306
Total financial liabilities	18,500,565	3,193,825
Total financial liabilities	15,953,293	2,403,937
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	15,208,477	6,511,652
Mortgages on real estate	0	0
Other long-term assets	0	0
Accrued investment income	0	0
Notes receivable	0	0
Total financial assets	15,208,477	6,511,652
Policyholders’ account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Mortgages on real estate	0	0
Other long-term assets	0	0
Accrued investment income	0	0
Notes receivable	0	0
Total financial assets	0	0
Policyholders’ account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Mortgages on real estate	2,851,527	1,457,196
Other long-term assets	2,290,552	539,544
Accrued investment income	111,889	76,668
Notes receivable	134,560	14,360
Total financial assets	5,388,528	2,087,768
Policyholders’ account balances	15,893,600	2,375,631
Policy claims	59,693	28,306
Total financial liabilities	$ 15,953,293	$ 2,403,937

Property and Equipment (Details

Property and Equipment (Details) - Property, Plant and Equipment - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Total property and equipment	$ 60,372	$ 55,339
Less - accumulated depreciation	(33,532)	(21,129)
Property and equipment net of accumulated depreciation	$ 26,840	$ 34,210

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2017
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 3,600,000	$ 588,407
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	500,560
Operating Loss Carryforwards, Valuation Allowance	$ 858,345
Minimum [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards, Expiration Date 1	2032
Maximum [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards, Expiration Date 1	2037
Texas Republic Life Insurance Company [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 2,248,756
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	1,660,349
Operating Loss Carryforwards, Valuation Allowance	$ 472,239

Concentrations of Credit Risk (

Concentrations of Credit Risk (Details)	Dec. 31, 2019USD ($)
Risks and Uncertainties [Abstract]
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 2,312,416

Stock Incentive Plan (Details)

Stock Incentive Plan (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Stock Incentive Plan (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	5,060	1,490
Employment Contracts [Member]
Stock Incentive Plan (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		10,000

Lease Commitment (Details) - Sc

Lease Commitment (Details) - Schedule of Future Minimum Rental Payments for Operating Leases	Dec. 31, 2019USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
2020	$ 91,896
2021	93,593
2022	95,006
Total operating lease payments, undiscounted	280,495
Less: interest	(32,197)
Lease liability, at present value	$ 248,298

Shareholders' Equity and Stat_2

Shareholders' Equity and Statutory Accounting Practices (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shareholders' Equity and Statutory Accounting Practices (Details) [Line Items]
Policyholder Dividends, Rate on Policy Earnings	10.00%
Texas Republic Life Insurance Company [Member]
Shareholders' Equity and Statutory Accounting Practices (Details) [Line Items]
Statutory Accounting Practices, Statutory Net Income Amount	$ 2,193,318	$ 897,619
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$ 4,043,328	$ 4,201,803