Midwest Holding (MDWT) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 01, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	MIDWEST HOLDING INC.
Entity Central Index Key	0000355379
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Common Stock, Shares Outstanding		1,023,408,553
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	NE
Entity File Number	000-10685
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investments, available for sale, at fair value
Fixed maturities (amortized cost: 40,884,520 and $19,226,841, respectively) (See Note 5)	$ 40,753,983	$ 17,384,183
Mortgage loans on real estate, held for investment	4,176,039
Policy loans	43,254	43,843
Total investments	44,973,276	17,428,026
Cash and cash equivalents	10,274,224	2,832,567
Deferred acquisition costs, net	1,136,507
Premiums receivable	359,731	346,870
Accrued investment income	456,663	200,708
Reinsurance recoverables (Note 8)	23,505,095	23,100,644
Intangible assets	700,000	700,000
Property and equipment, net	83,617	91,414
Operating lease right of use assets	531,098	592,065
Other assets	463,091	261,884
Assets associated with business held for sale (see Note 4)	11,722,893	20,937,071
Total assets	94,206,195	66,491,249
Liabilities:
Benefit reserves	16,161,349	16,012,655
Policy claims	216,184	270,785
Deposit-type contracts	46,069,681	7,234,927
Advance premiums	476	490
Long-term debt		18,938,705
Deferred gain on coinsurance transactions	2,061,121	3,899,999
Lease liabilities (See Note 12):
Finance lease	5,579	9,299
Operating lease	585,595	646,519
Other liabilities	690,139	1,062,087
Liabilities associated with business held for sale (see Note 4)	11,718,136	21,052,733
Total liabilities	77,508,260	69,128,199
Commitments and Contingencies (See Note 11)
Stockholders' Equity:
Common stock, $0.001 par value. Authorized 1,970,000,000 shares; issued and outstanding 1,023,408,553 as of June 30, 2019 and 22,873,764 as of December 31, 2018.	1,023,409	22,874
Additional paid-in capital	53,451,243	33,006,242
Accumulated deficit	(37,674,922)	(35,348,052)
Accumulated other comprehensive loss	(103,641)	(1,818,014)
Total Midwest Holding Inc.'s stockholders' equity (deficit)	16,696,089	(4,136,950)
Noncontrolling interest	1,846
Total stockholders' equity (deficit)	16,697,935	(4,136,950)
Total liabilities and stockholders' equity	94,206,195	66,491,249
Series C Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, Series C, $0.001 par value. Authorized 1,500,000 shares; issued and outstanding none as of June 30, 2019 and 1,500,000 as of December 31, 2018		$ 1,500,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	May 09, 2018
Assets
Amortized Cost	$ 40,884,520	$ 19,226,841
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,970,000,000	1,970,000,000	1,970,000,000
Common stock, shares issued	1,023,408,553	22,873,764
Common stock, shares outstanding	1,023,408,553	22,873,764
Series C Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued		1,500,000
Preferred stock, shares outstanding		1,500,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Insurance premiums		$ 2,111	$ (2,479)	$ 8,347
Investment income, net of expenses	448,015	201,471	639,010	404,932
Net realized gains (losses) on investments	1,180	(152,203)	(3,217)	(201,874)
Amortization of deferred gain on reinsurance	1,046,552	12,094	1,852,599	24,188
Fee income and other revenues	66,795	25,044	82,335	51,284
Total Revenues	1,562,542	88,517	2,568,248	286,877
Expenses:
Interest credited	230,366	19,349	251,187	41,032
Benefits	(1,523)	33,529	1,872	93,168
Increase in benefit reserves		(21,110)		(56,959)
Amortization of deferred acquisition costs	19,796		21,865
Salaries and benefits	575,625	429,821	1,115,074	912,537
Other operating expenses	1,570,130	539,386	3,505,120	943,516
Total Expenses	2,394,394	1,000,975	4,895,118	1,933,294
Loss from continuing operations before taxes	(831,852)	(912,458)	(2,326,870)	(1,646,417)
Federal income tax
Loss from continuing operations	(831,852)	(912,458)	(2,326,870)	(1,646,417)
Loss from discontinued operations		(6,181)		(32,107)
Net loss	(831,852)	(918,639)	(2,326,870)	(1,678,524)
Comprehensive income (loss):
Unrealized gains (losses) on investments arising during period	863,186	(471,893)	1,711,156	(1,094,796)
Less: reclassification adjustment for net realized (gains) losses on investments	(1,180)	152,203	3,217	201,874
Other comprehensive income (loss)	862,006	(319,690)	1,714,373	(892,922)
Comprehensive income (loss):	$ 30,154	$ (1,238,329)	$ (612,497)	$ (2,571,446)
Net loss per common share
Basic		$ (0.04)	$ (0.02)	$ (0.07)
Diluted		$ (0.001)		$ (0.002)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	AOCI [Member]		Noncontrolling Interest	Total
Balance at Dec. 31, 2017	$ 22,861	$ 33,006,255	$ (30,282,518)	$ (511,219)	[1]		$ 2,235,379
Preferred stock conversion adjustment	13	(13)			[1]
Net loss			(5,065,534)		[1]		(5,065,534)
Unrealized gains on investments				(1,306,795)	[1]		(1,306,795)
Balance at Dec. 31, 2018	22,874	33,006,242	(35,348,052)	(1,818,014)	[1]		(4,136,950)
Net loss			(2,326,870)		[1]		(2,326,870)
Xenith note interest waived		845,536			[1]		845,536
Xenith note conversion	927,680	18,172,320			[1]		19,100,000
Class C preferred stock conversion	72,855	1,427,145			[1]		1,500,000
Change in equity of noncontrolling interests						1,846	1,846
Unrealized gains on investments				1,714,373	[1]		1,714,373
Balance at Jun. 30, 2019	$ 1,023,409	$ 53,451,243	$ (37,674,922)	$ (103,641)	[1]	$ 1,846	$ 16,696,089
[1]	Accumulated other comprehensive income.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net loss	$ (2,326,870)	$ (1,678,524)
Adjustments to arrive at cash provided by operating activities:
Net premium and discount on investments	49,751	58,719
Depreciation and amortization	32,254	81,133
Amortization of deferred acquisition costs	21,865
Deferred acquisition costs capitalized	(1,157,073)
Net realized gains on investments	4,142	201,874
Deferred coinsurance ceding commission	(1,838,878)	(24,188)
Notes payable interest accrued	845,536
Changes in operating assets and liabilities:
Reinsurance recoverables	(404,451)	(366,473)
Accrued investment income	(255,955)	(1,525)
Premiums receivable	(12,861)	19,397
Policy liabilities	672,825	427,068
Other assets and liabilities	(421,469)	(56,627)
Other assets and liabilities - Discontinued Operations	(120,419)	560,182
Net cash used for operating activities	(4,911,603)	(778,964)
Securities available for sale:
Purchases	(24,117,739)	(5,837,939)
Proceeds from sale or maturity	2,406,165	6,335,502
Other invested assets purchased		(100,000)
Mortgage loans on real estate, held for investment
Purchases	(4,176,039)
Net change in policy loans	589	6,806
Net purchases of property and equipment	(17,348)	(6,707)
Net cash used in or provided by investing activities	(25,904,372)	397,662
Cash Flows from Financing Activities:
Finance lease	(222)	(222)
Proceeds from issuance of preferred stock		1,500,000
Proceeds from issuance of notes payable		600,000
Net transfers to noncontrolling interest	(1,846)
Receipts on deposit-type contracts	38,267,011	600
Withdrawals on deposit-type contracts	(11,003)	(9,940)
Net cash provided by financing activities	38,257,632	2,090,438
Net increase in cash and cash equivalents	7,441,657	1,709,136
Cash and cash equivalents:
Beginning	2,832,567	951,527
Ending	10,274,224	2,660,663
Conversion of notes payable
Book value of note payable	(19,100,000)
Common stock	927,680
Additional paid in capital	18,172,320
Conversion of preferred stock
Book value of preferred stock	(1,500,000)
Common stock	72,855
Additional paid in capital	1,427,145
Total Conversion of preferred stock

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Note 1. Nature of Operations and Basis of Presentation Nature of Operations Midwest Holding Inc. (“Midwest,” “the Company,” “we,” “our,” or “us”) was incorporated in Nebraska on October 31, 2003 for the primary purpose of operating a financial services company. The Company is in the life and annuity insurance business and operates through its wholly owned subsidiary, American Life & Security Corp. (“American Life”). As discussed in Note 3, on June 28, 2018, we underwent a change in control as a result of the closing of a Loan, Convertible Preferred Stock and Convertible Senior Secured Note Purchase Agreement dated May 9, 2018 with a non-affiliated third party, Xenith Holdings LLC, a Delaware limited liability company (“Xenith”). On April 2, 2019, we obtained a 51% ownership in 1505 Capital that was established on August 31, 2018 with its Certificate of Formation. It was organized to provide financial and investment advisory and management services to clients and any related investment, trading or financial activities. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions from the Securities and Exchange Commission (“SEC”) Quarterly Report on Form 10-Q, including Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The information contained in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Form 10-K”), should be read in connection with the reading of these interim unaudited consolidated financial statements. Certain GAAP policies, which significantly affect the determination of financial condition, results of operations and cash flows, are summarized in our 2018 Form 10-K. In the opinion of management, these statements include all normal recurring adjustments necessary for a fair presentation of the Company’s results. Operating results for the three months ended June 30, 2019, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019. All material inter-company accounts and transactions have been eliminated in consolidation. Investments All fixed maturities owned by the Company are considered available-for-sale and are included in the consolidated financial statements at their fair value as of the financial statement date. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year are determined using the specific identification method. Unrealized holding gains and losses, net of applicable income taxes, are included in comprehensive loss. Declines in the fair value of available for sale securities below their amortized cost are evaluated to assess whether any other-than-temporary impairment loss should be recorded. In determining if these losses are expected to be other-than-temporary, the Company considers severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings, and the intent and ability of the Company to hold the investment until the recovery of the cost. The recognition of other-than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If the Company intends to sell a security or it is more likely than not that the Company would be required to sell a security prior to recovery of the amortized cost, the difference between amortized cost and fair value is recognized in the statement of comprehensive income as an other-than-temporary impairment. If the Company does not expect to recover the amortized basis, does not plan to sell the security and if it is not more likely than not that the Company would be required to sell a security before the recovery of its amortized cost, the recognition of the other-than-temporary impairment is bifurcated. The Company recognizes the credit loss portion in the income statement and the noncredit loss portion in accumulated other comprehensive loss. The credit component of an other-than-temporary impairment is determined by comparing the net present value of projected cash flows with the amortized cost basis of the debt security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the fixed income security at the date of acquisition. Cash flow estimates are driven by assumptions regarding probability of default, including changes in credit ratings, and estimates regarding timing and amount of recoveries associated with a default. No other-than-temporary impairments were recognized during the six months ended June 30, 2019 or 2018. Investment income consists of interest, dividends, and real estate income, which are recognized on an accrual basis and amortization of premiums and discounts. Mortgage loans on real estate, held for investment Mortgage loans on real estate, held for investment are carried at unpaid principal balances. Interest income on mortgage loans on real estate, held for investment is recognized in net investment income at the contract interest rate when earned. A mortgage loan is considered to be impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the mortgage agreement. Valuation allowances on mortgage loans are established based upon losses expected by management to be realized in connection with future dispositions or settlement of mortgage loans, including foreclosures. The Company establishes valuation allowances for estimated impairments on an individual loan basis as of the balance sheet date. Such valuation allowances are based on the excess carrying value of the loan over the present value of expected future cash flows discounted at the loan’s original effective interest rate. These evaluations are revised as conditions change and new information becomes available. No such Policy loans Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. No valuation allowance is established for these policy loans as the amount of the loan is fully secured by the death benefit of the policy and cash surrender value. Cash and cash equivalents The Company considers all liquid investments with original maturities of three months or less when purchased to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company had no cash equivalents. Deferred acquisition costs Deferred acquisition costs (“DAC”) consist of incremental direct costs, net of amounts ceded to reinsurers, that result directly from and are essential to the contract acquisition transaction and would not have been incurred by the Company had the contract acquisition not occurred. These costs are capitalized, to the extent recoverable, and amortized over the life of the premiums produced. The Company evaluates the types of acquisition costs it capitalizes. The Company capitalizes agent compensation and benefits and other expenses that are directly related to the successful acquisition of contracts. The Company also capitalizes expenses directly related to activities performed by the Company, such as underwriting, policy issuance, and processing fees incurred in connection with successful contract acquisitions. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined that no events occurred in the six months ended June 30, 2019 that suggest a review should be undertaken. Property and equipment Property and equipment are stated at cost net of accumulated depreciation. Annual depreciation is primarily computed using straight-line methods for financial reporting and straight-line and accelerated methods for tax purposes. Furniture and equipment is depreciated over 3 to 7 years and computer software and equipment is generally depreciated over 3 years. Depreciation expense totaled $9,814 and $12,676 for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense totaled $19,320 and $25,234 for the six months ended June 30, 2019 and 2018, respectively. Accumulated depreciation totaled $954,800 and $943,323 as of June 30, 2019 and December 31, 2018, respectively. Maintenance and repairs are expensed as incurred. Replacements and improvements which extend the useful life of the asset are capitalized. The net book value of assets sold or retired are removed from the accounts, and any resulting gain or loss is reflected in earnings. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized if the carrying amount of an asset may not be recoverable and exceeds estimated future undiscounted cash flows of the asset. A recognized impairment loss reduces the carrying amount of the asset to its fair value. Management has determined that no such events occurred in the three months ended June 30, 2019 that would indicate the carrying amounts may not be recoverable. Reinsurance In the normal course of business, the Company seeks to limit any single exposure to losses on large risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverable on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying reinsured contracts. Insurance liabilities are reported gross of reinsurance recoverable. Management believes the recoverables are appropriately established. The Company generally strives to diversify its credit risks related to reinsurance ceded. Reinsurance premiums are generally reflected in income in a manner consistent with the recognition of premiums on the reinsured contracts. Reinsurance does not extinguish the Company’s primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices and commutations, and establishes allowances for uncollectible reinsurance recoverable as appropriate. There were no allowances as of June 30, 2019 or December 31, 2018. Benefit reserves The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables. Policy claims Policy claims are based on reported claims plus estimated incurred but not reported claims developed from trends of historical data applied to current exposure. Deposit-type contracts Deposit-type contracts consist of amounts on deposit associated with deferred annuity riders, premium deposit funds and supplemental contracts without life contingencies. Income taxes The Company is subject to income taxes in the U.S. federal and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state or local tax examinations by tax authorities for the years before 2015. The Company is not currently under examination for any open years. The provision for income taxes is based on income as reported in the financial statements. The income tax provision is calculated under the asset and liability method. Deferred tax assets are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted tax rates. The principal assets and liabilities giving rise to such differences are investments, insurance reserves, and deferred acquisition costs. A deferred tax asset valuation allowance is established when there is uncertainty that such assets would be realized. The Company has no uncertain tax positions that it believes are more-likely-than not that the benefit will not to be realized. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense. The Company had no accruals for payments of interest and penalties at June 30, 2019 or December 31, 2018. Revenue recognition and related expenses Amounts received as payment for annuities are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for administrative and contract-holder services and cost of insurance, which are recognized over the period of the contracts, and included in revenue. Deposits are shown as a financing activity in the consolidated statements of cash flows. Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earned premiums to recognize related profits over the life of the contracts. Acquisition costs are amortized over the expected life of the annuity contracts. Comprehensive loss Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes. Common and preferred stock and earnings (loss) per share Common and preferred stock and earnings (loss) per share: The par value per each Company share is $0.001 with 1,970,000,000 voting common shares authorized, 20,000,000 non-voting common shares authorized, and 10,000,000 preferred shares authorized. On June 18 The Series C preferred shares were converted by Xenith to voting common shares on June 18, 2019 at a rate of approximately $0.02 per share for 72,854,474 voting common shares. The stated annual dividend rate on the Series C preferred shares was 8%. At the time of the conversion, the holder forgave all previously accrued dividends from June 28, 2018 through the conversion date. Loss per basic share attributable to the Company’s common stockholders was computed based on the weighted average number of shares outstanding during each period. The weighted average number of shares outstanding during the three months ended June 30, 2019 and 2018 was 220,781,744 and 22,860,701 shares, respectively. The weighted average number of shares outstanding during the six months ended June 30, 2019 and 2018 were 122,374,461 and 22,860,701 shares, respectively. Loss per diluted share attributable to the Company’s common stockholders was computed based on the average shares outstanding and the notes payable and Preferred Shares as converted during each period of 2018. The weighted average number of shares outstanding during the three and six months ended June 30, 2018 were 1,023,395,490 and 525,892,004 shares, respectively. Reclassifications Certain reclassifications have been made on the Consolidated Balance Sheets and Statements of Comprehensive Loss for the year ended December 31, 2018 and the six months ended June 30, 2018. These reclassifications do not impact the overall Net loss or Net loss per common shares line items of the Consolidated Statement of Comprehensive Loss for the three months and six months ended June 30, 2018.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	Note 2. New Accounting Standards Adoption of New Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). The guidance in this ASU supersedes the leasing guidance in Topic 840, Leases. Under the new guidance, lessees are required to recognize lease assets and lease liabilities on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The lease liability is measured at the present value of the lease payments over the lease term with the right-of-use asset measured as the lease liability amount and including adjustments for certain lease incentives and initial direct costs. Lease expense recognition will continue to differentiate between finance leases and operating leases resulting in a similar pattern of lease expense recognition as under current GAAP. This ASU permitted a modified retrospective adoption approach that includes a number of optional practical expedients that entities may elect upon adoption. On January 1, 2019, the Company adopted this standard using a modified retrospective adoption approach. The adoption resulted in the Company identifying three operating leases and one financial lease which were subject to this guidance. The impact to the Consolidated Statements of Comprehensive Income (Loss) was minimal. We identified four leases with net assets of $539,837 and $606,629 and lease liabilities of $591,174 and $655,818 for the six months ended June 30, 2019 and the year ended December 31, 2018, respectively. On February 14, 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . It allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The ASU is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period for public business entities for reporting periods for which financial statements have not yet been issued. The Company has evaluated the impact of this update and has determined that this does not impact us currently due to not recording unrealized losses or gains net of tax. The Company has incurred net operating losses since inception so it does not record deferred tax assets or deferred tax liabilities due to establishing a valuation allowance. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). This amendment deferred the effective date of the previously issued ASU 2014-09 until the interim and annual reporting periods beginning after December 15, 2017. In addition, the FASB has issued four related ASU’s on principal versus agent guidance (ASU 2016-08), identifying performance obligations and the licensing implementation guidance (ASU 2016-10) a revision of certain SEC Staff Observer comments (ASU 2016-11) and implementation guidance (ASU 2016-12). The guidance permits two methods of transition upon adoption; full retrospective and modified retrospective. The Company adopted ASU 2014-09 on January 1, 2018 and utilized the modified retrospective method. Insurance contracts, lease contracts and investments are not within the scope of ASU 2014-09; therefore, this standard does not apply to the majority of our consolidated revenues. For the Company's miscellaneous income,which is within the scope of this guidance,the Company reviewed its service fee income revenue streams and compared its historical accounting policies and practices to the new adopted standard. The Company believes its historical revenue recognition was materially consistent with the way we recognized service fee income as of June 30, 2019. Future adoption of New Accounting Standards In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computer Arrangement That is a Service Contract . Under ASU No. 2018-15, the amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. In order to determine which costs can be capitalized, we are to follow the guidance in Subtopic 350-40. Cost for implementation activities in the application development stage are capitalized depending on the nature of the costs, while costs incurred during the preliminary project and the post-implementation stage are expensed as the activities are performed. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. Management has reviewed and evaluated the impact of this pending new standard and will implement this starting in fiscal year 2020. The Company has incurred substantial implementation costs related to the new cloud based technology that were incurred in 2018 and decided not to early adopt this ASU. In August 2018, the FASB issued ASU No. 2018-12, Financial Services-Insurance (Topic 944). This update 1) modifies the timeliness of recognizing changes in the liability for future policy benefits and modifies the rate used to discount future cash flows, 2) simplifies the accounting for certain market-based options or guarantees associated with deposit contracts, 3) simplifies the amortization of deferred acquisition costs, and 4) addresses the effectiveness of the required disclosures. This ASU becomes effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. We anticipate that the adoption of ASU 2018-12 will have a broad impact on our consolidated financial statements and related disclosures and will require us to make changes to certain of our processes, systems and controls. We are unable to determine the impact at this time of ASU No. 2018-12 as we are still in the process of evaluating the standard. In November 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. The amendments in this update include items brought to the Board’s attention by stakeholders to clarify the guidance in the amendments in ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) which was issued in June 2016. These update amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Under ASU 2016-13, this replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to perform credit loss estimates. This update changes the methodology from an incurred loss to an expected credit loss. An allowance for the expected credit loss will be set up and the net income will be impacted. The credit losses will be evaluated in the current period and an adjustment to the allowance can be made. The new standard becomes effective after December 15, 2019. We are currently evaluating the impact of our pending adoption of the new standard on our consolidated financial statements.

Change in Control

Change in Control	6 Months Ended
	Jun. 30, 2019
Change In Control
Change in Control	Note 3. Change in Control On June 28, 2018 we underwent a change in control as a result of the closing of a Loan, Convertible Preferred Stock and Convertible Senior Secured Note Purchase Agreement dated May 9, 2018 (the “Agreement”) with a non-affiliated third party, Xenith Holdings LLC, a Delaware limited liability company (“Xenith”). Vespoint LLC, a Delaware limited liability company (“Vespoint”), The terms and conditions of the Agreement were described in Midwest’s Current Report on Form 8-K filed with the SEC on May 14, 2018. All conditions to consummation of the Agreement, including approval of the transactions contemplated therein by the State of Nebraska Department of Insurance (“NDOI”), were subsequently met and a closing was held pursuant to the Agreement on June 28, 2018 (the “Closing”). Issuance of Series C Convertible Preferred Stock . At the closing of the Agreement, we issued 1,500,000 shares of newly created Series C Convertible Preferred Stock (“Series C Preferred Stock”) to Xenith for $1,500,000, which was recorded in our balance sheet as Mezzanine Equity, and it ranked senior to our voting common stock on liquidation with a preference of $1.00 per share. Subject to the availability of funds, annual dividends of 8% of the Series C Preferred Stock liquidation preference were payable by us; if not paid the dividends accrued. Also, at any time after June 28, 2025 and subject to Nebraska law, Xenith would have required us to redeem the Series C Preferred Stock at the liquidation preference (plus accrued dividends) or fair market value, whichever was greater. If the shares were not redeemed for any reason, an interest rate of 12% per year would have begun. The Preferred Stock voted along with the voting common stock as a single Series on an “as converted” basis. Also, Holders of Preferred Stock voting as a separate Series were entitled to elect five of the Company’s eight members of its Board of Directors. The Preferred Stock had several protections against the Company taking action that would adversely affect the rights of holders of Preferred Stock such as mergers, liquidation, dilutive stock issuances, among others. On June 18 At closing of the Agreement, Xenith loaned a total of $600,000 to Midwest, repayable upon maturity in 10 years with cash interest of 4% per annum payable quarterly and accrued interest of another 4% per annum payable upon maturity. The loans were made under two notes of $500,000 and $100,000, respectively. Both notes were converted by Xenith into an aggregate 29,141,790 voting common shares on June 18, 2019. The Agreement further provided that Xenith, in its sole discretion, could loan up to an additional $23,500,000 to Midwest. Any loans made by Xenith under this election (“Subsequent Loans”) could also to be converted into voting common stock at the price of $0.02 per share. Xenith loaned an additional $18,500,000 in the fourth quarter of 2018 following the amendment of the Midwest Articles of Incorporation to increase its authorized voting common shares to 1,970,000,000. The additional notes were converted, at Xenith’s election, into 898,538,525 shares of voting common stock on June 18, 2019. All interest on the notes through June 18, 2019 was waived for payment and was accounted for as a capital contribution to Midwest. Substantially all the proceeds from the Loans and Series C Preferred Stock were contributed to our insurance subsidiary, American Life, to be used for general business purposes. To summarize of the conversion of the Notes and shares of Series C Preferred Stock into voting common stock and the outstanding voting common stock as of June 30, 2019: As Converted Voting Common Stock Number Percentage Previous company shareholders 22,873,764 2.2 % Note conversion ($500,000) 24,284,825 2.4 % Note conversion ($100,000) 4,856,965 0.5 % Note conversion ($1,000,000) 48,569,650 4.7 % Note conversion ($17,500,000) 849,968,875 83.1 % Series C Preferred stock conversion 72,854,474 7.1 % Total shares outstanding as of June 30, 2019 1,023,408,553 100.0 %

Assets and Liabilities Held for

Assets and Liabilities Held for Sale	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Note 4. Assets and Liabilities Held for Sale On November 30, 2018, American Life entered into an Assumption and Indemnity Reinsurance Agreement (“Reinsurance Agreement”) with Unified Life Insurance Company (“Unified”), a Texas domiciled stock insurance company. The Reinsurance Agreement provides that American Life ceded and Unified agreed to reinsure, on an indemnity reinsurance basis, 100% of the liabilities and obligations under substantially all of American Life’s life, annuity and health policies (“Policies”). The Agreement closed on December 10, 2018, as previously disclosed in Midwest’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 12, 2018. The effective date of the Agreement was July 1, 2018. After the closing of the Reinsurance Agreement, Unified began the process of preparing and delivering certificates of assumption and other materials to policyholders of American Life in order to effect an assumption of the Policies by Unified such that all of American Life’s rights and obligations under the policies arising on and after July 1, 2018 would be completely assumed by Unified without further indemnification or other obligations, except for liabilities, claims and obligations incurred before July 1, 2018. Unified is obligated to indemnify American Life against all liabilities and claims and all of its policy obligations from and after the July 1, 2018. The consideration paid by Unified to American Life under the Reinsurance Agreement upon closing was $3,500,000 (“Ceding Commission”), subject to minor settlement adjustments. At closing, American Life transferred the Statutory Reserves and Liabilities, as defined in the Reinsurance Agreement, directly related to the policies, to Unified. The Ceding Commission is being amortized on a straight-line basis over the life of the policies. When the policies are converted to assumptive, meaning American Life has no liability exposure for those policies, the remaining Ceding Commission will be recognized in our income statement. As of June 30, 2019, 59% Our balance sheet was required to be restated for all periods shown with the assets and liabilities which were ceded by American Life to Unified into separate line items as assets and liabilities held for sale. The table below summarizes the assets and liabilities that are included in discontinued operations as of June 30, 2019 and as of December 31, 2018: As of June 30, As of December 31, 2019 2018 Carrying amounts of major classes of assets included as part of discontinued operations: Policy loans $ 131,443 $ 366,849 Amounts recoverable from reinsurers 11,471,699 20,359,326 Premium recoverable 119,751 210,896 Total assets held for sale in the Consolidated Balance Sheet $ 11,722,893 $ 20,937,071 Carrying amounts of major classes of liabilities included as part of discontinued operations: Benefit reserves $ 4,654,144 $ 9,799,834 Policy claims 131,000 127,666 Deposit-type contracts 6,899,693 11,050,139 Advance premiums 18,766 21,699 Accounts payable and accrued expenses 14,533 53,395 Total liabilities held for sale in the Consolidated Balance Sheet $ 11,718,136 $ 21,052,733 Our income statement was also required to be restated for all periods shown breaking out the net income between continuing operations and discontinued operations. There were no items in 2019 that were reclassified as discontinued operations, therefore, the table below summarizes only Three months ended Six months ended June 30, June 30, 2018 2018 Major line items constituting pretax loss of Premiums $ 499,852 $ 938,888 Death and other benefits (203,892 ) (411,113 ) Interest credited (105,295 ) (205,119 ) Increase in benefit reserves (42,014 ) (69,522 ) Amortization of deferred acquisition costs (108,055 ) (202,913 ) Other operating expenses (46,777 ) (82,328 ) Loss on discontinued operations $ (6,181 ) $ (32,107 )

Investments

Investments	6 Months Ended
	Jun. 30, 2019
Marketable Securities [Abstract]
Investments	Note 5. Investments The cost or amortized cost and estimated fair value of investments classified as available-for-sale as of June 30, 2019 and December 31, 2018 are as follows: Cost or Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value June 30, 2019: Fixed maturities: U.S. government obligations $ 2,102,347 $ 7,122 $ 29,705 $ 2,079,764 Mortgage-backed securities 968,616 455 28,290 940,781 Asset-backed securities 21,220,300 71,310 63,228 21,228,382 States and political subdivisions -- general obligations 263,229 3,889 - 267,118 States and political subdivisions -- special revenue 25,172 190 - 25,362 Corporate 16,304,856 237,000 329,280 16,212,576 Total fixed maturities $ 40,884,520 $ 319,966 $ 450,503 $ 40,753,983 Mortgage loans on real estate, held for investment 4,176,039 - - 4,176,039 Total Investments $ 45,060,559 $ 319,966 $ 450,503 $ 44,900,022 December 31, 2018: Fixed maturities: U.S. government obligations $ 2,112,816 $ 247 $ 117,112 $ 1,995,951 Mortgage-back securities 1,068,976 - 64,925 1,004,051 States and political subdivisions -- general obligations 265,473 - 2,289 263,184 States and political subdivisions -- special revenue 25,231 - 58 25,173 Corporate 15,754,345 14 1,658,535 14,095,824 Total fixed maturities $ 19,226,841 $ 261 $ 1,842,919 $ 17,384,183 The Company has two securities that individually exceed 10% of the total of the state and political subdivisions categories as of June 30, 2019. The amortized cost, fair value, credit ratings, and description of each security is as follows: Amortized Estimated Cost Fair Value Credit Rating June 30, 2019: Fixed maturities: States and political subdivisions -- general obligations Bellingham, Washington $ 108,286 $ 110,766 AA+ Longview, Washington Refunding 154,943 156,352 Aa3 Total $ 263,229 $ 267,118 The following table summarizes, for all securities in an unrealized loss position at June 30, 2019 and December 31, 2018, the estimated fair value, pre-tax gross unrealized loss and number of securities by consecutive months they have been in an unrealized loss position. June 30, 2019 December 31, 2018 Gross Number Gross Number Estimated Unrealized of Estimated Unrealized of Fair Value Loss Securities (1) Fair Value Loss Securities (1) Fixed Maturities: Less than 12 months: U.S. government obligations $ - $ - - $ 7,862 $ 430 1 Asset-backed securities 2,969,850 15,103 4 - - - Corporate 755,327 20,155 2 3,351,664 315,617 23 Greater than 12 months: U.S. government obligations 1,870,920 29,705 11 1,785,949 116,682 10 Mortgage-back securities 908,765 28,290 17 1,004,052 64,925 19 Asset-backed securities 8,626,896 48,125 9 States and political subdivisions -- general obligations - - - 263,183 2,289 2 States and political subdivisions -- special revenue - - - 25,173 58 1 Corporate 6,309,911 309,125 34 10,628,745 1,342,918 58 Total fixed maturities $ 21,441,669 $ 450,503 77 $ 17,066,628 $ 1,842,919 114 ____________________ (1) We may reflect a security in more than one aging category based on various purchase dates. Based on our review of the securities in an unrealized loss position at June 30, 2019 and December 31, 2018, no other-than-temporary impairments were deemed necessary. Management believes that the Company will fully recover its cost basis in the securities held at June 30, 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 amortized cost and estimated fair value of fixed maturities at June 30, 2019, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Estimated Cost Fair Value Due in one year or less $ - $ - Due after one year through five years 1,722,944 1,726,985 Due after five years through ten years 7,633,439 7,590,720 Due after ten years through twenty years 24,302,017 24,258,907 Due after twenty years 7,226,120 7,177,371 $ 40,884,520 $ 40,753,983 The following provides the current composition of our mortgage loans on real estate at June 30, 2019 and December 31, 2018: June 30, 2019 December 31, 2018 Beginning balance $ - $ - Apartments and business 4,176,039 - Total mortgage loans $ 4,176,039 $ - The Company holds no valuation allowance as of June 30, 2019 due to impairment of these mortgages. The Company is required to hold assets on deposit for the benefit of policyholders in accordance with statutory rules and regulations. At June 30, 2019 and December 31, 2018, these required deposits had a total amortized cost of $3,351,036 and $2,958,178 and fair values of $3,221,426 and $2,772,809, respectively. The components of net investment income for the three and six months ended June 30, 2019 and 2018 are as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Fixed maturities $ 435,427 $ 197,086 $ 631,118 $ 397,192 Mortgage loans 9,656 - 9,656 Other 6,832 14,755 8,076 29,466 451,915 211,841 648,850 426,658 Less investment expenses (3,900 ) (10,370 ) (9,840 ) (21,726 ) Investment income, net of expenses $ 448,015 $ 201,471 $ 639,010 $ 404,932 Proceeds for the three months ended June 30, 2019 and 2018 from sales of investments classified as available-for-sale were $2,040,640 and $3,023,134, respectively. Gross gains of $7,382 and $0 and gross losses of $7,127 and $152,203 were realized on those sales during the three months ended June 30, 2019 and 2018, respectively. Proceeds for the six months ended June 30, 2019 and 2018 from sales of investments classified as available-for-sale were $2,406,165 and $6,335,502, respectively. Gross gains of $9,006 and $24,910 and gross losses of $13,148 and $226,784 were realized on those sales during the six months ended June 30, 2019 and 2018, respectively.

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Investments, All Other Investments [Abstract]
Fair Values of Financial Instruments	Note 6. Fair Values of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We use valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, accounting standards establish a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. ● Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. ● Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability 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 Level 3 of the fair value hierarchy are reported as transfers in/out of the Level 3 category as of the beginning of the period in which the reclassifications occur. A description of the valuation methodologies used for assets measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Notes payable: Notes payable consisted of the convertible notes entered into due to the Xenith transaction and were recorded net of issuance costs. As of June 30, 2019, Midwest had no outstanding notes payable. Fixed maturities: Fixed maturities are recorded at fair value on a recurring basis utilizing a third-party pricing source. The valuations are reviewed and validated quarterly through random testing by comparisons to separate pricing models or other third party pricing services. For the period ended June 30, 2019, there were no material changes to the valuation methods or assumptions used to determine fair values, and no broker or third party prices were changed from the values received. Securities with prices based on validated quotes from pricing services are reflected within Level 2. Cash: The carrying value of cash and cash equivalents and short-term investments approximate the fair value because of the short maturity of the instruments. Mortgage loans on real estate, held for investment: Mortgage principal Policy loans: Policy loans are stated at unpaid principal balances. As these loans are fully collateralized by the cash surrender value of the underlying insurance policies, the carrying value of the policy loans approximates their fair value. Policy loans are categorized as Level 3 in the fair value hierarchy. Deposit-type contracts: The fair value for direct and assumed liabilities under deposit-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 nonperformance risk of the liabilities. These liabilities are categorized as Level 3 in the fair value hierarchy. The following table presents the Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018. Quoted In Significant Other Significant Estimated Active Markets Observable Inputs Unobservable Inputs Fair (Level 1) (Level 2) (Level 3) Value June 30, 2019 Fixed maturities: U.S. government obligations $ - $ 2,079,764 $ - $ 2,079,764 Mortgage-backed securities - 940,781 - 940,781 Asset-backed securities 21,228,382 21,228,382 States and political subdivisions — general obligations - 267,118 - 267,118 States and political subdivisions — special revenue - 25,362 - 25,362 Corporate - 16,212,576 - 16,212,576 Total fixed maturities - 40,753,983 - 40,753,983 Mortgage loans - - 4,176,039 4,176,039 Total Investments $ - $ 40,753,983 $ 4,176,039 $ 44,930,022 December 31, 2018 Fixed maturities: U.S. government obligations $ - $ 1,995,951 $ - $ 1,995,951 Mortgage-back securities - 1,004,051 - 1,004,051 States and political subdivisions - general obligations - 263,184 - 263,184 States and political subdivisions - special revenue - 25,173 - 25,173 Corporate - 14,095,824 - 14,095,824 Total fixed maturities $ - $ 17,384,183 $ - $ 17,384,183 There were no transfers of financial instruments between any levels during the six Accounting standards require disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring basis are discussed above. There were no financial assets or financial liabilities measured at fair value on a non-recurring basis. The following disclosure contains the carrying values, estimated fair values and their corresponding placement in the fair value hierarchy, for financial assets and financial liabilities as of June 30, 2019 and December 31, 2018, respectively: June 30, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant Other Significant for Identical Assets Observable Unobservable Carrying and Liabilities Inputs Inputs Fair Amount (Level 1) (Level 2) (Level 3) Value Assets: Policy loans $ 43,254 $ - $ - $ 43,254 $ 43,254 Cash 10,274,224 10,274,224 - - 10,274,224 Liabilities: Policyholder deposits (Deposit-type contracts) 46,069,681 - - 46,069,681 46,069,681 December 31, 2018 Fair Value Measurements Using Quoted Prices in Active Markets Significant Other Significant for Identical Assets Observable Unobservable Carrying and Liabilities Inputs Inputs Fair Amount (Level 1) (Level 2) (Level 3) Value Assets: Policy loans $ 43,843 $ - $ - $ 43,843 $ 43,843 Cash 2,832,567 2,832,567 - - 2,832,567 Liabilities: Policyholder deposits (Deposit-type contracts) 7,234,927 - - 7,234,927 7,234,927 Notes payable 18,938,705 - - 18,988,760 18,988,760

Income Tax Matters

Income Tax Matters	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Tax Matters	Note 7. Income Tax Matters Significant components of the Company’s deferred tax assets and liabilities as of June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 December 31, 2018 Deferred tax assets: Loss carryforwards $ 2,172,212 $ 1,429,458 Capitalized costs 245,695 269,472 Unrealized losses on investments 30,464 390,349 Charitable contribution carryforward 7,100 - Benefit reserves 657,727 192,858 Total deferred tax assets 2,289,844 2,282,137 Less valuation allowance (1,835,176 ) (1,928,454 ) Total deferred tax assets, net of valuation allowance 454,668 353,683 Deferred tax liabilities: Policy acquisition costs 223,447 - Due premiums 75,544 117,144 Intangible assets 147,000 147,000 Policy loans 9,083 86,245 Property and equipment (406 ) 3,294 Total deferred tax liabilities 454,668 353,683 Net deferred tax assets $ - $ - At June 30, 2019 and December 31, 2018, the Company recorded a valuation allowance of $1,835,176 Section 382 of the Internal Revenue Code limits the utilization of U.S. net operating loss (“NOL”) carryforwards following a change of control, which occurred on June 28, 2018. As of June 30, 2019, the deferred tax assets included the expected tax benefit attributable to federal NOLs of $6,423,135 $1,348,858 There was no income tax expense for the six months ended June 30, 2019 and 2018. This differed from the amounts computed by applying the statutory U.S. federal income tax rate of 21% to pretax income, as a result of the following: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Computed expected income tax benefit $ (174,689 ) $ (192,914 ) $ (488,643 ) $ (352,490 ) Increase (reduction) in income taxes resulting from: Meals, entertainment and political contributions 3,053 2,247 5,636 4,204 Change in loss carryforward due to 382 limitation - 5,532,029 - 5,532,029 COD Interest 177,563 - 177,563 - Other (38,136 ) 44,017 38,837 30,266 142,480 5,578,293 222,036 5,566,499 Tax benefit before valuation allowance (32,209 ) 5,385,379 (266,607 ) 5,214,009 Change in valuation allowance 32,209 (5,385,379 ) 266,607 (5,214,009 ) Net income tax expenses $ - $ - $ - $ -

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
Reinsurance	Note 8. Reinsurance A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of June 30, 2019 and December 31, 2018 and for the six months ended June 30, 2019 and 2018 is as follows: June 30, 2019 December 31, 2018 Balance sheets: Benefit and claim reserves ceded 23,505,095 23,100,644 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Statements of comprehensive income: Premiums assumed $ - $ 2,111 $ - $ 8,347 Premiums ceded 249,200 298,156 522,301 640,665 Benefits assumed - 33,165 - 92,435 Benefits ceded 38,326 41,986 116,029 103,062 Commissions assumed - 9 - 14 Commissions ceded 3,666 2,286 6,580 4,220 The following table provides a summary of the significant reinsurance balances recoverable on paid and unpaid policy claims by reinsurer: Recoverable on Total Amount Recoverable Recoverable Benefit Ceded Recoverable AM Best on Paid on Unpaid Reserves/Deposit- Due from Reinsurer Rating Losses Losses type Contracts Premiums Reinsurer Optimum Re Insurance Company A- $ - $ - $ 483,945 $ - $ 483,945 Sagicor Life Insurance Company A- - 119,871 11,383,747 268,351 11,235,267 US Alliance Life and Security Company NR - 31,000 11,782,702 27,819 11,785,883 $ - $ 150,871 $ 23,650,394 $ 296,170 $ 23,505,095 Effective July 1, 2018, American Life entered into an assumptive and indemnity coinsurance transaction with Unified to transfer 100% of the risk related to the remaining legacy block of business, see Note 4 above for further discussion. We transferred $19,311,616 of GAAP net adjusted reserves as of July 1, 2018 to Unified for cash of $14,320,817, which was net of a ceding allowance of $3,500,000 plus the accrued interest on the transaction from July 1, 2018 until it closed on December 10, 2018. Unified assumed certain responsibilities for incurred claims, surrenders and commission from the effective date. The ceding commission of $3,500,000 was recorded net of the difference between statutory and GAAP net adjusted reserves, the elimination of DAC of $1,890,013, VOBA of $338,536, and the remaining deferred profit from our legacy business of $26,896. The remaining $3,069,690 was reflected as a deferred gain and will be recognized into income over the expected duration of the legacy blocks of business. As of June 30, 2019, Unified had converted 59% of the indemnity coinsurance to assumptive coinsurance. American Life had amortization expense for six months ended June 30, 2019 of $67,108. As a result of the assumption of 59% of the indemnity policies, $1,747,582 was additionally released into income for the six months ended June 30, 2019. The ending deferred ceding commission at June 30, 2019 was $1,178,258. American Life and Security National Life Insurance (“SNL”) reached an agreement to commutate the assumed block of life business effective July 31, 2018. American Life recorded a GAAP loss of $154,780 due to the difference between the GAAP and statutory reserves and the write-off of the remaining VOBA. Net adjusted reserves transferred back to SNL totaled $2,543,898 on a GAAP basis. At June 30, 2019 and December 31, 2018, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by American Life to Sagicor were $11,235,267 and $11,494,161, respectively. At June 30, 2019 and December 31, 2018, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by American Life to US Alliance were $11,785,883 and $11,149,888, respectively. American Life remains contingently liable on the ceded reinsurance should Sagicor or US Alliance be unable to meet their respective obligations. The use of reinsurance does not relieve American Life of its primary liability to pay the full amount of the insurance benefit in the event of the failure of a reinsurer to honor its contractual obligation for all blocks of business except what is included in the Unified transaction. The reinsurance agreement with Unified discharges American Life’s responsibilities once all the policies have changed from indemnity to assumptive reinsurance. No reinsurer of business ceded by American Life has failed to pay policy claims (individually or in the aggregate) with respect to our ceded business. American Life monitors several factors that it considers relevant to satisfy itself as to the ongoing ability of a reinsurer to meet all obligations of the reinsurance agreements. These factors include the credit rating of the reinsurer, the financial strength of the reinsurer, significant changes or events of the reinsurer, and any other relevant factors. If American Life believes that any reinsurer would not be able to satisfy its obligations with American Life, a separate contingency reserve may be established. At June 30, 2019 and December 31, 2018, no contingency reserve was established.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Notes Payable	Note 9. Notes Payable At closing of the Agreement, Xenith loaned a total of $600,000 to Midwest, repayable upon maturity in 10 years with interest of 8% per annum of accrued interest of another 4% per annum payable upon maturity. The loans were made under two notes of $500,000 and $100,000, respectively. The Agreement further provided that Xenith, in its sole discretion, may loan up to an additional $23,500,000 to Midwest. Any loans made by Xenith under this election (“Subsequent Loans”) could also to be converted into our voting common stock at $0.02 per share. Xenith contributed an additional $18,500,000 in the fourth quarter of 2018 following the amendment of the Midwest Articles of Incorporation to increase its authorized voting common shares to 1,970,000,000. The Company had total accrued interest of $845,536 on the Xenith notes through June 18, 2019. This included interest not recorded from June 28, 2018 through December 31, 2018 of $131,711 and interest from January 1, 2019 through June 18, 2019 of $713,825. All interest on the notes from inception through June 18, 2019 were waived by Xenith. The accrued interest was accounted for as an additional capital contribution. The following table sets forth information regarding loans made to us by Xenith through June 18, 2019 and the number of shares of voting common stock each loan was converted into: Shares of Common Loan Stock into which Principal Loan May be Date of Loan Amount Converted June 28, 2018 $ 500,000 24,284,825 June 28, 2018 100,000 4,856,965 October 10, 2018 1,000,000 48,569,650 December 7, 2018 17,500,000 849,968,875 Total $ 19,100,000 927,680,315 As of June 30, 2019, Midwest had no notes outstanding to Xenith.

Deposit-Type Contracts

Deposit-Type Contracts	6 Months Ended
	Jun. 30, 2019
Separate Accounts Disclosure [Abstract]
Deposit-Type Contracts	Note 10. Deposit-Type Contracts The Company’s deposit-type contracts represent the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the three months ended June 30, 2019 and the year ended December 31, 2018: Six Months Ended Year Ended June 30, 2019 December 31, 2018 Beginning balance $ 7,234,927 $ 8,314,297 US Alliance 324,871 804,187 Deposits received 38,269,699 (1,881,411 ) Investment earnings 251,187 650 Withdrawals (11,003 ) 47,936 Contract charges - (50,732 ) Ending balance $ 46,069,681 $ 7,234,927 Under the terms of American Life’s historical coinsurance agreement with a third party, American Life assumed certain deposit-type contract obligations. These were commutated effective July 31, 2018. The deposits, withdrawals and interest credited in the table above represents the sales of the multi-year guaranteed annuity (“MYGA”) product for 2019 and activity from the third party through July 31, 2018.

Contingencies and Commitments

Contingencies and Commitments	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Note 11. Contingencies and Commitments Legal Proceedings: We are involved in litigation incidental to our operations from time to time. We are not presently a party to any legal proceedings other than litigation arising in the ordinary course of our business, and we are not aware of any claims that could materially affect our financial position or results of operations. Regulatory Matters : State regulatory bodies and other regulatory bodies regularly make inquiries and conduct examinations or investigations concerning the Company’s compliance with laws in relation to, but not limited to, insurance and securities matters. American Life received a Certificate of Authority to conduct business in Iowa during the first quarter of 2019. American Life is seeking approval to conduct business in additional states during 2019.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 12. Leases Our operating lease activities consist of leases for office space and equipment. Our finance lease activities consist of leases for hardware which we will own at the end of the lease agreement. None of our lease agreements include variable lease payments. See discussion of the January 1, 2019 implementation impact at Note 1. Basis of Presentation and Summary of Significant Accounting Policies. Supplemental balance sheet information as of June 30, 2019 for our leases is as follows: As of As of Leases Classification June 30, 2019 December 31, 2018 Assets Noncurrent: Finance Office and other equipment, net of accumulated depreciation and amortization $ 8,739 $ 14,564 Operating Operating lease right-of-use assets 531,098 592,065 Total leased assets $ 539,837 $ 606,629 Liabilities Current: Finance lease Finance lease liabilities $ 5,579 $ 9,299 Noncurrent: Operating lease Operating lease liabilities 585,595 646,519 Total leased liabilities $ 591,174 $ 655,818 The difference between assets and liabilities includes a $5,266 adjust to the finance lease and a $54,454 adjustment to an operating lease, both at the beginning of the period as part of the ASC 842 implementation adjustment. Our operating and finance leases expenses for the three and six months ended June 30, 2019 are as follows: Three months ended June 30, Six months ended June 30, Leases Classification 2019 2018 2019 2018 Operating General and administrative expense $ 3,344 $ 4,609 $ 7,109 $ 9,219 Finance lease cost: Amortization expense 2,914 1,121 5,827 1,121 Interest expense 111 111 222 222 Minimum contractual obligations for our leases as of June 30, 2019 are as follows: Operating Leases Finance Lease 2019 (excluding six months ended June 30, 2019) $ 78,158 $ 4,267 2020 160,958 2,133 2021 164,081 - 2022 156,608 - 2023 161,674 - 2024 13,508 - Total remaining lease payments $ 734,987 $ 6,400 Supplemental cash flow information related to leases was as follows: Three months ended June 3 0, Six months ended June 30, 2019 2018 2019 2018 Cash payments Operating cash flows from operating leases $ (190 ) $ 1,076 $ 42 $ 1,076 Operating cash flows from finance leases 1,164 (628 ) (1,258 ) Financing cash flows from finance leases (111 ) (111 ) (222 ) (222 ) The weighted average remaining lease terms of our finance and operating leases were nine months and three years, respectively and as of June 30, 2019. As of December 31, 2019 the weighted average remaining lease terms of our finance and operating leases were fifteen months and three and a half years, respectively. The weighted average discount rates used to determine the lease liabilities for finance leases was 6% and operating leases was 8% as of June 30, 2019 and December 31, 2019, respectively. The discount rate used for finance leases was based on the rates implicit in the leases. The discount rate used for operating leases was based on our incremental borrowing rate.

Statutory Net Income and Surplu

Statutory Net Income and Surplus	6 Months Ended
	Jun. 30, 2019
Statutory Net Income and Surplus [Abstract]
Statutory Net Income and Surplus	Note 13. Statutory Net Income and Surplus American Life is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Nebraska Department of Insurance. Statutory practices primarily differ from GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. American Life’s statutory net losses for the six months ended June 30, 2019 and 2018 were $3,000,141 and $1,381,377, respectively. Capital and surplus of American Life as of June 30, 2019 and December 31, 2018 was $16,132,711 and $20,979,285, respectively. The net loss was primarily due to the continuing expenses incurred to provide services on the new software and related technology to distribute products through marketing organizations. The multi-year guaranteed annuity (“MYGA”) sales began late in January 2019 with $38,238,880 of face amount of policies issued during the first half of 2019. An additional $6,102,081 was pending as of June 30, 2019. Even though American Life had a significant increase in statutory revenue, the earnings profile of MYGA products are characterized by up-front statutory losses.

Surplus Notes

Surplus Notes	6 Months Ended
	Jun. 30, 2019
Surplus Notes [Abstract]
Surplus Notes	Note 14. Surplus Notes Our surplus notes of $300,000 and $250,000 matured on August 1, 2016 and September 1, 2016, respectively. The Company retired the notes in full as of December 31, 2018, including any accrued interest, through the transfer of the 10 condominiums in Hawaii owned by American Life. The book value of the surplus notes, including interest, was $876,400. The book value of the 10 condominiums in Hawaii was $493,648. We recognized a gain of $382,752 on the settlement of the condos and surplus notes.

Third Party Administration

Third Party Administration	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Third Party Administration	Note 15. Third Party Administration The Company commenced its third party administrative (“TPA”) services in 2012 as an additional revenue source. These services are offered to non-affiliated entities. These agreements, for various levels of administrative services on behalf of each company, generate fee income for the Company. Services provided vary based on their needs and can include some or all aspects of back-office accounting and policy administration. We have been able to perform our TPA services using our existing in-house resources. Fees earned during the three months ended June 30, 2019 and 2018 amounted to $12,720 and $23,100, respectively. Fees earned during the six months ended June 30, 2019 and 2018 were $28,260 and $47,340, respectively.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events Effective July 25, 2019, American Life entered into a Funds Withheld Coinsurance and Modified Coinsurance Agreement (“FW/Modco Agreement”) with Ironbound Reinsurance Company Limited, an unaffiliated reinsurance company organized under the laws of Barbados (“Ironbound”). Under the FW/Modco Agreement, American Life will cede to Ironbound, on a funds withheld coinsurance and modified coinsurance basis, an initial ninety-five (95%) quota share of certain liabilities with respect to its MYGA business. American Life has established two accounts to hold the assets for the FW/Modco Agreement, a Funds Withheld Account and a Modco Deposit Account. In addition, a trust account was established on June 30, 2019 among American Life, Ironbound and Wells Fargo Bank, National Association for the sole benefit of American Life to fund the Funds Withheld Account and the Modco Deposit Account for any shortage to cover required reserves. The initial settlement included net premium income of $45,005,536 (gross premiums of $46,568,321 minus gross commissions paid of $1,562,786) and net statutory reserves of $47,271,267. The initial settlement for the Funds Withheld Account was $24,928,934 and for the Modco Deposit Account was $16,619,289 and the reserves required was $26,944,622 and $17,963,081, respectively. The amount owed to the Funds Withheld Account and the Modco Deposit Account from the trust account was $2,015,688 and $1,343,792, respectively which was funded at the closing of the Ironbound transaction.

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Nature of operations	Nature of Operations Midwest Holding Inc. (“Midwest,” “the Company,” “we,” “our,” or “us”) was incorporated in Nebraska on October 31, 2003 for the primary purpose of operating a financial services company. The Company is in the life and annuity insurance business and operates through its wholly owned subsidiary, American Life & Security Corp. (“American Life”). As discussed in Note 3, on June 28, 2018, we underwent a change in control as a result of the closing of a Loan, Convertible Preferred Stock and Convertible Senior Secured Note Purchase Agreement dated May 9, 2018 with a non-affiliated third party, Xenith Holdings LLC, a Delaware limited liability company (“Xenith”).
Basis of presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with United States of America generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions from the Securities and Exchange Commission (“SEC”) Quarterly Report on Form 10-Q, including Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The information contained in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Form 10-K”), should be read in connection with the reading of these interim unaudited consolidated financial statements. Certain GAAP policies, which significantly affect the determination of financial condition, results of operations and cash flows, are summarized in our 2018 Form 10-K. In the opinion of management, these statements include all normal recurring adjustments necessary for a fair presentation of the Company’s results. Operating results for the three months ended June 30, 2019, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019. All material inter-company accounts and transactions have been eliminated in consolidation.
Investments	Investments All fixed maturities owned by the Company are considered available-for-sale and are included in the consolidated financial statements at their fair value as of the financial statement date. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year are determined using the specific identification method. Unrealized holding gains and losses, net of applicable income taxes, are included in comprehensive loss. Declines in the fair value of available for sale securities below their amortized cost are evaluated to assess whether any other-than-temporary impairment loss should be recorded. In determining if these losses are expected to be other-than-temporary, the Company considers severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings, and the intent and ability of the Company to hold the investment until the recovery of the cost. The recognition of other-than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If the Company intends to sell a security or it is more likely than not that the Company would be required to sell a security prior to recovery of the amortized cost, the difference between amortized cost and fair value is recognized in the statement of comprehensive income as an other-than-temporary impairment. If the Company does not expect to recover the amortized basis, does not plan to sell the security and if it is not more likely than not that the Company would be required to sell a security before the recovery of its amortized cost, the recognition of the other-than-temporary impairment is bifurcated. The Company recognizes the credit loss portion in the income statement and the noncredit loss portion in accumulated other comprehensive loss. The credit component of an other-than-temporary impairment is determined by comparing the net present value of projected cash flows with the amortized cost basis of the debt security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the fixed income security at the date of acquisition. Cash flow estimates are driven by assumptions regarding probability of default, including changes in credit ratings, and estimates regarding timing and amount of recoveries associated with a default. No other-than-temporary impairments were recognized during the six months ended June 30, 2019 or 2018. Investment income consists of interest, dividends, and real estate income, which are recognized on an accrual basis and amortization of premiums and discounts.
Policy loans	Policy loans Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. No valuation allowance is established for these policy loans as the amount of the loan is fully secured by the death benefit of the policy and cash surrender value.
Cash and cash equivalents	Cash and cash equivalents The Company considers all liquid investments with original maturities of three months or less when purchased to be cash equivalents. At June 30, 2019 and December 31, 2018, the Company had no cash equivalents.
Deferred acquisition costs	Deferred acquisition costs Deferred acquisition costs (“DAC”) consist of incremental direct costs, net of amounts ceded to reinsurers, that result directly from and are essential to the contract acquisition transaction and would not have been incurred by the Company had the contract acquisition not occurred. These costs are capitalized, to the extent recoverable, and amortized over the life of the premiums produced. The Company evaluates the types of acquisition costs it capitalizes. The Company capitalizes agent compensation and benefits and other expenses that are directly related to the successful acquisition of contracts. The Company also capitalizes expenses directly related to activities performed by the Company, such as underwriting, policy issuance, and processing fees incurred in connection with successful contract acquisitions. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined that no events occurred in the six months ended June 30, 2019 that suggest a review should be undertaken.
Property and equipment	Property and equipment Property and equipment are stated at cost net of accumulated depreciation. Annual depreciation is primarily computed using straight-line methods for financial reporting and straight-line and accelerated methods for tax purposes. Furniture and equipment is depreciated over 3 to 7 years and computer software and equipment is generally depreciated over 3 years. Depreciation expense totaled $9,814 and $12,676 for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense totaled $19,320 and $25,234 for the six months ended June 30, 2019 and 2018, respectively. Accumulated depreciation totaled $954,800 and $943,323 as of June 30, 2019 and December 31, 2018, respectively. Maintenance and repairs are expensed as incurred. Replacements and improvements which extend the useful life of the asset are capitalized. The net book value of assets sold or retired are removed from the accounts, and any resulting gain or loss is reflected in earnings. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized if the carrying amount of an asset may not be recoverable and exceeds estimated future undiscounted cash flows of the asset. A recognized impairment loss reduces the carrying amount of the asset to its fair value. Management has determined that no such events occurred in the three months ended June 30, 2019 that would indicate the carrying amounts may not be recoverable.
Reinsurance	Reinsurance In the normal course of business, the Company seeks to limit any single exposure to losses on large risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverable on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying reinsured contracts. Insurance liabilities are reported gross of reinsurance recoverable. Management believes the recoverables are appropriately established. The Company generally strives to diversify its credit risks related to reinsurance ceded. Reinsurance premiums are generally reflected in income in a manner consistent with the recognition of premiums on the reinsured contracts. Reinsurance does not extinguish the Company’s primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices and commutations, and establishes allowances for uncollectible reinsurance recoverable as appropriate. There were no allowances as of June 30, 2019 or December 31, 2018.
Benefit reserves	Benefit reserves The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables.
Policy claims	Policy claims Policy claims are based on reported claims plus estimated incurred but not reported claims developed from trends of historical data applied to current exposure.
Deposit-type contracts	Deposit-type contracts Deposit-type contracts consist of amounts on deposit associated with deferred annuity riders, premium deposit funds and supplemental contracts without life contingencies.
Income taxes	Income taxes The Company is subject to income taxes in the U.S. federal and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state or local tax examinations by tax authorities for the years before 2015. The Company is not currently under examination for any open years. The provision for income taxes is based on income as reported in the financial statements. The income tax provision is calculated under the asset and liability method. Deferred tax assets are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted tax rates. The principal assets and liabilities giving rise to such differences are investments, insurance reserves, and deferred acquisition costs. A deferred tax asset valuation allowance is established when there is uncertainty that such assets would be realized. The Company has no uncertain tax positions that it believes are more-likely-than not that the benefit will not to be realized. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense. The Company had no accruals for payments of interest and penalties at June 30, 2019 or December 31, 2018.
Revenue recognition and related expenses	Revenue recognition and related expenses Amounts received as payment for annuities are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for administrative and contract-holder services and cost of insurance, which are recognized over the period of the contracts, and included in revenue. Deposits are shown as a financing activity in the consolidated statements of cash flows. Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earned premiums to recognize related profits over the life of the contracts. Acquisition costs are amortized over the expected life of the annuity contracts.
Comprehensive loss	Comprehensive loss Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes.
Common and preferred stock and earnings (loss) per share	Common and preferred stock and earnings (loss) per share Common and preferred stock and earnings (loss) per share: The par value per each Company share is $0.001 with 1,970,000,000 voting common shares authorized, 20,000,000 non-voting common shares authorized, and 10,000,000 preferred shares authorized. On June 12, 2019, Xenith exercised the right to convert its 1,500,000 Series C preferred stock and the $19,100,000 notes payable to voting common stock at the conversion rate of approximately $.02 per common share. At June 30, 2019 and December 31, 2018, the Company had 1,023,408,553 and 22,873,764 voting common shares issued and outstanding, respectively. At June 30, 2019 and December 31, 2018, the Company had none and 1,500,000 Series C preferred shares outstanding shares, respectively. The Series C preferred shares were converted by Xenith to voting common shares on June 18, 2019 at a rate of approximately $0.02 per share for 72,854,474 voting common shares. The stated annual dividend rate on the Series C preferred shares was 8%. At the time of the conversion, the holder forgave all previously accrued dividends from June 28, 2018 through the conversion date. Loss per basic share attributable to the Company’s common stockholders was computed based on the weighted average number of shares outstanding during each period. The weighted average number of shares outstanding during the three months ended June 30, 2019 and 2018 was 220,781,744 and 22,860,701 shares, respectively. The weighted average number of shares outstanding during the six months ended June 30, 2019 and 2018 were 122,374,461 and 22,860,701 shares, respectively. Loss per diluted share attributable to the Company’s common stockholders was computed based on the average shares outstanding and the notes payable and Preferred Shares as converted during each period of 2018. The weighted average number of shares outstanding during the three and six months ended June 30, 2018 were 1,023,395,490 and 525,892,004 shares, respectively.
Reclassifications	Reclassifications Certain reclassifications have been made on the Consolidated Balance Sheets and Statements of Comprehensive Loss for the year ended December 31, 2018 and the six months ended June 30, 2018. These reclassifications do not impact the overall Net loss or Net loss per common shares line items of the Consolidated Statement of Comprehensive Loss for the three months and six months ended June 30, 2018.

Change in Control (Tables)

Change in Control (Tables)	6 Months Ended
	Jun. 30, 2019
Schedule of Company's Voting Common Stock	To summarize of the conversion of the Notes and shares of Series C Preferred Stock into voting common stock and the outstanding voting common stock as of June 30, 2019: As Converted Voting Common Stock Number Percentage Previous company shareholders 22,873,764 2.2 % Note conversion ($500,000) 24,284,825 2.4 % Note conversion ($100,000) 4,856,965 0.5 % Note conversion ($1,000,000) 48,569,650 4.7 % Note conversion ($17,500,000) 849,968,875 83.1 % Series C Preferred stock conversion 72,854,474 7.1 % Total shares outstanding as of June 30, 2019 1,023,408,553 100.0 %

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Discontinued Operations	The table below summarizes the assets and liabilities that are included in discontinued operations as of June 30, 2019 and as of December 31, 2018: As of June 30, As of December 31, 2019 2018 Carrying amounts of major classes of assets included as part of discontinued operations: Policy loans $ 131,443 $ 366,849 Amounts recoverable from reinsurers 11,471,699 20,359,326 Premium recoverable 119,751 210,896 Total assets held for sale in the Consolidated Balance Sheet $ 11,722,893 $ 20,937,071 Carrying amounts of major classes of liabilities included as part of discontinued operations: Benefit reserves $ 4,654,144 $ 9,799,834 Policy claims 131,000 127,666 Deposit-type contracts 6,899,693 11,050,139 Advance premiums 18,766 21,699 Accounts payable and accrued expenses 14,533 53,395 Total liabilities held for sale in the Consolidated Balance Sheet $ 11,718,136 $ 21,052,733
Schedule of Losses/Gains Discontinued Operations	The table below summarizes the losses that are included in discontinued operations for the three and six months ended June 30, 2018: Three months ended Six months ended June 30, June 30, 2018 2018 Major line items constituting pretax loss of Premiums $ 499,852 $ 938,888 Death and other benefits (203,892 ) (411,113 ) Interest credited (105,295 ) (205,119 ) Increase in benefit reserves (42,014 ) (69,522 ) Amortization of deferred acquisition costs (108,055 ) (202,913 ) Other operating expenses (46,777 ) (82,328 ) Loss on discontinued operations $ (6,181 ) $ (32,107 )

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Marketable Securities [Abstract]
Schedule of Available for Sale Investments	The cost or amortized cost and estimated fair value of investments classified as available-for-sale as of June 30, 2019 and December 31, 2018 are as follows: Cost or Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value June 30, 2019: Fixed maturities: U.S. government obligations $ 2,102,347 $ 7,122 $ 29,705 $ 2,079,764 Mortgage-backed securities 968,616 455 28,290 940,781 Asset-backed securities 21,220,300 71,310 63,228 21,228,382 States and political subdivisions -- general obligations 263,229 3,889 - 267,118 States and political subdivisions -- special revenue 25,172 190 - 25,362 Corporate 16,304,856 237,000 329,280 16,212,576 Total fixed maturities $ 40,884,520 $ 319,966 $ 450,503 $ 40,753,983 Mortgage loans on real estate, held for investment 4,176,039 - - 4,176,039 Total Investments $ 45,060,559 $ 319,966 $ 450,503 $ 44,900,022 December 31, 2018: Fixed maturities: U.S. government obligations $ 2,112,816 $ 247 $ 117,112 $ 1,995,951 Mortgage-back securities 1,068,976 - 64,925 1,004,051 States and political subdivisions -- general obligations 265,473 - 2,289 263,184 States and political subdivisions -- special revenue 25,231 - 58 25,173 Corporate 15,754,345 14 1,658,535 14,095,824 Total fixed maturities $ 19,226,841 $ 261 $ 1,842,919 $ 17,384,183
Schedule of Amortized Cost, Fair Value, Credit Rating	The Company has two securities that individually exceed 10% of the total of the state and political subdivisions categories as of June 30, 2019. The amortized cost, fair value, credit ratings, and description of each security is as follows: Amortized Estimated Cost Fair Value Credit Rating June 30, 2019: Fixed maturities: States and political subdivisions -- general obligations Bellingham, Washington $ 108,286 $ 110,766 AA+ Longview, Washington Refunding 154,943 156,352 Aa3 Total $ 263,229 $ 267,118
Schedule of Unrealized Loss of Securities	The following table summarizes, for all securities in an unrealized loss position at June 30, 2019 and December 31, 2018, the estimated fair value, pre-tax gross unrealized loss and number of securities by consecutive months they have been in an unrealized loss position. June 30, 2019 December 31, 2018 Gross Number Gross Number Estimated Unrealized of Estimated Unrealized of Fair Value Loss Securities (1) Fair Value Loss Securities (1) Fixed Maturities: Less than 12 months: U.S. government obligations $ - $ - - $ 7,862 $ 430 1 Asset-backed securities 2,969,850 15,103 4 - - - Corporate 755,327 20,155 2 3,351,664 315,617 23 Greater than 12 months: U.S. government obligations 1,870,920 29,705 11 1,785,949 116,682 10 Mortgage-back securities 908,765 28,290 17 1,004,052 64,925 19 Asset-backed securities 8,626,896 48,125 9 States and political subdivisions -- general obligations - - - 263,183 2,289 2 States and political subdivisions -- special revenue - - - 25,173 58 1 Corporate 6,309,911 309,125 34 10,628,745 1,342,918 58 Total fixed maturities $ 21,441,669 $ 450,503 77 $ 17,066,628 $ 1,842,919 114 ____________________ (1) We may reflect a security in more than one aging category based on various purchase dates.
Schedule of Fixed Maturities	The amortized cost and estimated fair value of fixed maturities at June 30, 2019, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Estimated Cost Fair Value Due in one year or less $ - $ - Due after one year through five years 1,722,944 1,726,985 Due after five years through ten years 7,633,439 7,590,720 Due after ten years through twenty years 24,302,017 24,258,907 Due after twenty years 7,226,120 7,177,371 $ 40,884,520 $ 40,753,983
Schedule of Mortgage Loan Activity	The following provides the current composition of our mortgage loans on real estate at June 30, 2019 and December 31, 2018: June 30, 2019 December 31, 2018 Beginning balance $ - $ - Apartments and business 4,176,039 - Total mortgage loans $ 4,176,039 $ -
Components of Net Investment Income	The components of net investment income for the three and six months ended June 30, 2019 and 2018 are as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Fixed maturities $ 435,427 $ 197,086 $ 631,118 $ 397,192 Mortgage loans 9,656 - 9,656 Other 6,832 14,755 8,076 29,466 451,915 211,841 648,850 426,658 Less investment expenses (3,900 ) (10,370 ) (9,840 ) (21,726 ) Investment income, net of expenses $ 448,015 $ 201,471 $ 639,010 $ 404,932

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, All Other Investments [Abstract]
Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis	The following table presents the Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018. Quoted In Significant Other Significant Estimated Active Markets Observable Inputs Unobservable Inputs Fair (Level 1) (Level 2) (Level 3) Value June 30, 2019 Fixed maturities: U.S. government obligations $ - $ 2,079,764 $ - $ 2,079,764 Mortgage-backed securities - 940,781 - 940,781 Asset-backed securities 21,228,382 21,228,382 States and political subdivisions — general obligations - 267,118 - 267,118 States and political subdivisions — special revenue - 25,362 - 25,362 Corporate - 16,212,576 - 16,212,576 Total fixed maturities - 40,753,983 - 40,753,983 Mortgage loans - - 4,176,039 4,176,039 Total Investments $ - $ 40,753,983 $ 4,176,039 $ 44,930,022 December 31, 2018 Fixed maturities: U.S. government obligations $ - $ 1,995,951 $ - $ 1,995,951 Mortgage-back securities - 1,004,051 - 1,004,051 States and political subdivisions - general obligations - 263,184 - 263,184 States and political subdivisions - special revenue - 25,173 - 25,173 Corporate - 14,095,824 - 14,095,824 Total fixed maturities $ - $ 17,384,183 $ - $ 17,384,183
Schedule of Financial Assets and Liabilities at Fair Value	The following disclosure contains the carrying values, estimated fair values and their corresponding placement in the fair value hierarchy, for financial assets and financial liabilities as of June 30, 2019 and December 31, 2018, respectively: June 30, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant Other Significant for Identical Assets Observable Unobservable Carrying and Liabilities Inputs Inputs Fair Amount (Level 1) (Level 2) (Level 3) Value Assets: Policy loans $ 43,254 $ - $ - $ 43,254 $ 43,254 Cash 10,274,224 10,274,224 - - 10,274,224 Liabilities: Policyholder deposits (Deposit-type contracts) 46,069,681 - - 46,069,681 46,069,681 December 31, 2018 Fair Value Measurements Using Quoted Prices in Active Markets Significant Other Significant for Identical Assets Observable Unobservable Carrying and Liabilities Inputs Inputs Fair Amount (Level 1) (Level 2) (Level 3) Value Assets: Policy loans $ 43,843 $ - $ - $ 43,843 $ 43,843 Cash 2,832,567 2,832,567 - - 2,832,567 Liabilities: Policyholder deposits (Deposit-type contracts) 7,234,927 - - 7,234,927 7,234,927 Notes payable 18,938,705 - - 18,988,760 18,988,760

Income Tax Matters (Tables)

Income Tax Matters (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities as of June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 December 31, 2018 Deferred tax assets: Loss carryforwards $ 2,172,212 $ 1,429,458 Capitalized costs 245,695 269,472 Unrealized losses on investments 30,464 390,349 Charitable contribution carryforward 7,100 - Benefit reserves 657,727 192,858 Total deferred tax assets 2,289,844 2,282,137 Less valuation allowance (1,835,176 ) (1,928,454 ) Total deferred tax assets, net of valuation allowance 454,668 353,683 Deferred tax liabilities: Policy acquisition costs 223,447 - Due premiums 75,544 117,144 Intangible assets 147,000 147,000 Policy loans 9,083 86,245 Property and equipment (406 ) 3,294 Total deferred tax liabilities 454,668 353,683 Net deferred tax assets $ - $ -
Schedule of Effective Tax Rate Reconciliation	There was no income tax expense for the six months ended June 30, 2019 and 2018. This differed from the amounts computed by applying the statutory U.S. federal income tax rate of 21% to pretax income, as a result of the following: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Computed expected income tax benefit $ (174,689 ) $ (192,914 ) $ (488,643 ) $ (352,490 ) Increase (reduction) in income taxes resulting from: Meals, entertainment and political contributions 3,053 2,247 5,636 4,204 Change in loss carryforward due to 382 limitation - 5,532,029 - 5,532,029 COD Interest 177,563 - 177,563 - Other (38,136 ) 44,017 38,837 30,266 142,480 5,578,293 222,036 5,566,499 Tax benefit before valuation allowance (32,209 ) 5,385,379 (266,607 ) 5,214,009 Change in valuation allowance 32,209 (5,385,379 ) 266,607 (5,214,009 ) Net income tax expenses $ - $ - $ - $ -

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
Summary of Significant Reinsurance Amounts	A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of June 30, 2019 and December 31, 2018 and for the six months ended June 30, 2019 and 2018 is as follows: June 30, 2019 December 31, 2018 Balance sheets: Benefit and claim reserves ceded 23,505,095 23,100,644 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Statements of comprehensive income: Premiums assumed $ - $ 2,111 $ - $ 8,347 Premiums ceded 249,200 298,156 522,301 640,665 Benefits assumed - 33,165 - 92,435 Benefits ceded 38,326 41,986 116,029 103,062 Commissions assumed - 9 - 14 Commissions ceded 3,666 2,286 6,580 4,220
Schedule of Significant Reinsurance Balances	The following table provides a summary of the significant reinsurance balances recoverable on paid and unpaid policy claims by reinsurer: Recoverable on Total Amount Recoverable Recoverable Benefit Ceded Recoverable AM Best on Paid on Unpaid Reserves/Deposit- Due from Reinsurer Rating Losses Losses type Contracts Premiums Reinsurer Optimum Re Insurance Company A- $ - $ - $ 483,945 $ - $ 483,945 Sagicor Life Insurance Company A- - 119,871 11,383,747 268,351 11,235,267 US Alliance Life and Security Company NR - 31,000 11,782,702 27,819 11,785,883 $ - $ 150,871 $ 23,650,394 $ 296,170 $ 23,505,095

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Summary of Information Regarding Loans	The following table sets forth information regarding loans made to us by Xenith through June 18, 2019 and the number of shares of voting common stock each loan was converted into: Shares of Common Loan Stock into which Principal Loan May be Date of Loan Amount Converted June 28, 2018 $ 500,000 24,284,825 June 28, 2018 100,000 4,856,965 October 10, 2018 1,000,000 48,569,650 December 7, 2018 17,500,000 849,968,875 Total $ 19,100,000 927,680,315

Deposit-Type Contracts (Tables)

Deposit-Type Contracts (Tables)	6 Months Ended
	Jun. 30, 2019
Deposit Type Contracts [Abstract]
Schedule of Contracts	The following table provides information about deposit-type contracts for the three months ended June 30, 2019 and the year ended December 31, 2018: Six Months Ended Year Ended June 30, 2019 December 31, 2018 Beginning balance $ 7,234,927 $ 8,314,297 US Alliance 324,871 804,187 Deposits received 38,269,699 (1,881,411 ) Investment earnings 251,187 650 Withdrawals (11,003 ) 47,936 Contract charges - (50,732 ) Ending balance $ 46,069,681 $ 7,234,927

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information as of June 30, 2019 for our leases is as follows: As of As of Leases Classification June 30, 2019 December 31, 2018 Assets Noncurrent: Finance Office and other equipment, net of accumulated depreciation and amortization $ 8,739 $ 14,564 Operating Operating lease right-of-use assets 531,098 592,065 Total leased assets $ 539,837 $ 606,629 Liabilities Current: Finance lease Finance lease liabilities $ 5,579 $ 9,299 Noncurrent: Operating lease Operating lease liabilities 585,595 646,519 Total leased liabilities $ 591,174 $ 655,818 *The difference between assets and liabilities includes a $5,266 adjust to the finance lease and a $54,454 adjustment to an
Schedule of Components of Leases Expenses	Our operating and finance leases expenses for the three and six months ended June 30, 2019 are as follows: Three months ended June 30, Six months ended June 30, Leases Classification 2019 2018 2019 2018 Operating General and administrative expense $ 3,344 $ 4,609 $ 7,109 $ 9,219 Finance lease cost: Amortization expense 2,914 1,121 5,827 1,121 Interest expense 111 111 222 222
Schedule of Finance and Operating Leases Minimum	Minimum contractual obligations for our leases as of June 30, 2019 are as follows: Operating Leases Finance Lease 2019 (excluding six months ended June 30, 2019) $ 78,158 $ 4,267 2020 160,958 2,133 2021 164,081 - 2022 156,608 - 2023 161,674 - 2024 13,508 - Total remaining lease payments $ 734,987 $ 6,400
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three months ended June 3 0, Six months ended June 30, 2019 2018 2019 2018 Cash payments Operating cash flows from operating leases $ (190 ) $ 1,076 $ 42 $ 1,076 Operating cash flows from finance leases 1,164 (628 ) (1,258 ) Financing cash flows from finance leases (111 ) (111 ) (222 ) (222 )

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation (Narrative) (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 18, 2019USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)shares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)shares	Apr. 02, 2019	Dec. 31, 2018USD ($)$ / sharesshares	May 09, 2018$ / sharesshares
Ownership interest						51.00%
Common Stock, Par or Stated Value Per Share | $ / shares		$ 0.001		$ 0.001			$ 0.001
Common stock, shares authorized		1,970,000,000		1,970,000,000			1,970,000,000	1,970,000,000
Common stock, shares issued (in shares)		1,023,408,553		1,023,408,553			22,873,764
Common stock, shares outstanding (in shares)		1,023,408,553		1,023,408,553			22,873,764
Weighted Average Number of Shares Outstanding, Basic (in shares)		220,781,744	22,860,701	122,374,461	22,860,701
Depreciation | $		$ 9,814	$ 12,676	$ 19,320	$ 25,234
Accumulated Depreciation, net of disposals | $		$ 954,800		$ 954,800			$ 943,323
Weighted Average Number of Shares Outstanding, Diluted (in shares)			1,023,395,490		525,892,004
Xenith [Member]
Voting common stock	29,141,790
Series C Preferred Stock [Member]
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001			$ 0.001
Preferred stock, shares authorized (in shares)		1,500,000		1,500,000			1,500,000
Preferred stock, shares outstanding (in shares)							1,500,000
Preferred stock, shares issued							1,500,000
Conversion Rate				0.02
Series C Preferred Stock [Member] | Xenith [Member]
Stated dividend rate	8.00%
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.02							$ 0.02
Conversion amount | $	$ 19,100,000
Voting common stock	72,854,474
Conversion Rate	0.02
Series C Preferred Stock [Member] | Xenith [Member]
Voting common stock	1,500,000
Conversion Rate	0.02
Non-voting common shares [Member]
Common stock, shares authorized		20,000,000		20,000,000
Maximum [Member]
Common stock, shares authorized							1,970,000,000
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life				3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life				7 years
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment, Useful Life				3 years

New Accounting Standards (Detai

New Accounting Standards (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Total leased assets	$ 539,837	$ 606,629
Total leased liabilities	$ 591,174	$ 655,818

Change in Control (Narrative) (

Change in Control (Narrative) (Details) - USD ($)	May 09, 2018	Jun. 18, 2019	Jun. 30, 2019	Apr. 02, 2019	Dec. 31, 2018
Ownership interest				51.00%
Common Stock, Shares Authorized	1,970,000,000		1,970,000,000		1,970,000,000
Common stock par value			$ 0.001		$ 0.001
Xenith [Member]
Proceeds from issuance of loan	$ 600,000		$ 600,000
Loan term	10 years		10 years
Interest rate	4.00%
Voting common stock		29,141,790
Proceeds from additional loan	$ 23,500,000		$ 18,500,000
Additional conversion of stock		898,538,525
Preferred stock liquidation preference	$ 0.02
Xenith [Member] | Notes One [Member]
Proceeds from issuance of notes and preferred stock	$ 500,000
Xenith [Member] | Notes Two [Member]
Proceeds from issuance of notes and preferred stock	$ 100,000
Xenith [Member] | Series C Preferred Stock [Member]
Voting common stock		72,854,474
Common stock par value	$ 0.02	$ 0.02
Shares sold	1,500,000
Shares sold, value	$ 1,500,000
Voting stock of Xenith in Vespoint LLC [Member]
Ownership interest	100.00%

Change in Control (Schedule of

Change in Control (Schedule of Company's Voting Common Stock) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Previous Company Shareholders, Number	1,023,408,553	22,873,764
Previous Company Shareholders, percentage	2.20%
Note Conversion, Number	24,284,825
Note Conversion, Value	$ 500,000
Note Conversion, percentage	2.40%
Note Conversion, Number	4,856,965
Note Conversion, Value	$ 100,000
Note Conversion, percentage	0.50%
Note Conversion, Number	48,569,650
Note Conversion, Value	$ 1,000,000
Note Conversion, percentage	4.70%
Note Conversion, Number	849,968,875
Note Conversion, Value	$ 17,500,000
Note Conversion, percentage	83.10%
Total Outstanding, Number	1,023,408,553
Total Outstanding, Percentage	100.00%
Series C Preferred Stock [Member]
Preferred Stock Conversion, Number	72,854,474
Preferred Stock Conversion, percentage	7.10%

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Percentage of indemnity reinsurance basis of liabilities and obligations	100.00%
Ceding commission	$ 3,500,000
Percentage of indemnity policies	59.00%

Assets and Liabilities Held f_4

Assets and Liabilities Held for Sale (Schedule of Assets and Liabilities Discontinued Operations) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Carrying amounts of major classes of assets included as part of discontinued operations:
Policy loans	$ 131,443	$ 366,849
Amounts recoverable from reinsurers	11,471,699	20,359,326
Premium recoverable	119,751	210,896
Total assets held for sale in the Consolidated Balance Sheet	11,722,893	20,937,071
Carrying amounts of major classes of liabilities included as part of discontinued operations:
Benefit reserves	4,654,144	9,799,834
Policy claims	131,000	127,666
Deposit-type contracts	6,899,693	11,050,139
Advance premiums	18,766	21,699
Accounts payable and accrued expenses	14,533	53,395
Total liabilities held for sale in the Consolidated Balance Sheet	$ 11,718,136	$ 21,052,733

Assets and Liabilities Held f_5

Assets and Liabilities Held for Sale (Schedule of Losses/Gains Discontinued Operations) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Major line items constituting pretax loss of discontinued operations:
Premiums	$ 499,852	$ 938,888
Death and other benefits	(203,892)	(411,113)
Interest credited	(105,295)	(205,119)
Increase in benefit reserves	(42,014)	(69,522)
Amortization of deferred acquisition costs	(108,055)	(202,913)
Other operating expenses	(46,777)	(82,328)
Loss on discontinued operations	$ (6,181)	$ (32,107)

Investments (Schedule of Availa

Investments (Schedule of Available for Sale Investments) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Cost or Amortized Cost	$ 40,884,520	$ 19,226,841
Gross Unrealized Gains	319,966
Gross Unrealized Losses	450,503
Estimated Fair Value	44,930,022
Fixed Maturities [Member]
Cost or Amortized Cost	40,884,520	19,226,841
Gross Unrealized Gains	319,966	261
Gross Unrealized Losses	450,503	1,842,919
Estimated Fair Value	40,753,983	17,384,183
Mortgage loans on real estate, held for investment [Member]
Cost or Amortized Cost	4,176,039
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value	4,176,039
U.S. government obligations [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	2,102,347	2,112,816
Gross Unrealized Gains	7,122	247
Gross Unrealized Losses	29,705	117,112
Estimated Fair Value	2,079,764	1,995,951
Mortgage-back securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	968,616	1,068,976
Gross Unrealized Gains	455
Gross Unrealized Losses	28,290	64,925
Estimated Fair Value	940,781	1,004,051
Asset-backed Securities [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	21,220,300
Gross Unrealized Gains	71,310
Gross Unrealized Losses	63,228
Estimated Fair Value	21,228,382
States and Political Subdivisions - general obligations [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	263,229	265,473
Gross Unrealized Gains	3,889
Gross Unrealized Losses		2,289
Estimated Fair Value	267,118	263,184
States and Political Subdivisions - special revenue [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	25,172	25,231
Gross Unrealized Gains	190
Gross Unrealized Losses		58
Estimated Fair Value	25,362	25,173
Corporate [Member] | Fixed Maturities [Member]
Cost or Amortized Cost	16,304,856	15,754,345
Gross Unrealized Gains	237,000	14
Gross Unrealized Losses	329,280	1,658,535
Estimated Fair Value	$ 16,212,576	$ 14,095,824

Investments (Schedule of Amorti

Investments (Schedule of Amortized Cost, Fair Value, Credit Rating) (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Amortized Cost	$ 40,884,520
States and Political Subdivisions General Obligations [Member]
Amortized Cost	263,229
Estimated Fair Value	267,118
States and Political Subdivisions General Obligations [Member] | Us States and Political Subdivisions Debt Securities [Member] | Bellingham Wash [Member]
Amortized Cost	108,286
Estimated Fair Value	$ 110,766
Credit Rating	AA+
States and Political Subdivisions General Obligations [Member] | Us States and Political Subdivisions Debt Securities [Member] | Longview Washington Refunding [Member]
Amortized Cost	$ 154,943
Estimated Fair Value	$ 156,352
Credit Rating	Aa3

Investments (Schedule of Unreal

Investments (Schedule of Unrealized Loss of Securities) (Details) - Fixed Maturities [Member]		Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Estimated Fair Value, Total		$ 21,441,669	$ 17,066,628
Gross Unrealized Loss, Total		$ 450,503	$ 1,842,919
Number of Securities, Total		77	114
U.S. government obligations [Member]
Estimated Fair Value, Less than 12 months			$ 7,862
Gross Unrealized Loss, Less than 12 months			$ 430
Number of Securities, Less than 12 months	[1]		1
Estimated Fair value, Greater than 12 months		$ 1,870,920	$ 1,785,949
Gross Unrealized Loss, Greater than 12 months		$ 29,705	$ 116,682
Number of Securities, Greater than 12 months	[1]	11	10
Asset-backed Securities [Member]
Estimated Fair Value, Less than 12 months		$ 2,969,850
Gross Unrealized Loss, Less than 12 months		$ 15,103
Number of Securities, Less than 12 months	[1]	4
Estimated Fair value, Greater than 12 months		$ 8,626,896
Gross Unrealized Loss, Greater than 12 months		$ 48,125
Number of Securities, Greater than 12 months	[1]	9
Mortgage-back securities [Member]
Estimated Fair value, Greater than 12 months		$ 908,765	$ 1,004,052
Gross Unrealized Loss, Greater than 12 months		$ 28,290	$ 64,925
Number of Securities, Greater than 12 months	[1]	17	19
States and Political Subdivisions - general obligations [Member]
Estimated Fair value, Greater than 12 months			$ 263,183
Gross Unrealized Loss, Greater than 12 months			$ 2,289
Number of Securities, Greater than 12 months	[1]		2
States and Political Subdivisions - special revenue [Member]
Estimated Fair value, Greater than 12 months			$ 25,173
Gross Unrealized Loss, Greater than 12 months			$ 58
Number of Securities, Greater than 12 months	[1]		1
Corporate [Member]
Estimated Fair Value, Less than 12 months		$ 755,327	$ 3,351,664
Gross Unrealized Loss, Less than 12 months		$ 20,155	$ 315,617
Number of Securities, Less than 12 months	[1]	2	23
Estimated Fair value, Greater than 12 months		$ 6,309,911	$ 10,628,745
Gross Unrealized Loss, Greater than 12 months		$ 309,125	$ 1,342,918
Number of Securities, Greater than 12 months	[1]	34	58
[1]	We may reflect a security in more than one aging category based on various purchase dates.

Investments (Schedule of Fixed

Investments (Schedule of Fixed Maturities) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities [Abstract]
Amortized Cost, Due in one year or less
Amortized Cost, Due after one year through five years	1,722,944
Amortized Cost, Due after five years through ten years	7,633,439
Amortized Cost, Due after ten years through twenty years	24,302,017
Amortized Cost, Due after twenty years	7,226,120
Available-for-sale Securities, Debt Maturities, Amortized Cost	40,884,520
Estimated Fair Value, Due in one year or less
Estimated Fair Value, Due after one year through five years	1,726,985
Estimated Fair Value, Due after five years through ten years	7,590,720
Estimated Fair Value, Due after ten years through twenty years	24,258,907
Estimated Fair Value, Due after twenty years	7,177,371
Available-for-sale Securities, Debt Securities, Estimated Fair Value	$ 40,753,983	$ 17,384,183

Investments (Schedule of Mortga

Investments (Schedule of Mortgage Loan Activity) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities [Abstract]
Beginning balance
Apartments and business	4,176,039
Total mortgage loans	$ 4,176,039

Investments (Components of Net

Investments (Components of Net Investment Income) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net investment income	$ 451,915	$ 211,841	$ 648,850	$ 426,658
Less investment expenses	(3,900)	(10,370)	(9,840)	(21,726)
Investment income, net of expenses	448,015	201,471	639,010	404,932
Fixed Maturities [Member]
Net investment income	435,427	197,086	631,118	397,192
Mortgage loans on real estate, held for investment [Member]
Net investment income	9,656		9,656
Other [Member]
Net investment income	$ 6,832	$ 14,755	$ 8,076	$ 29,466

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Marketable Securities [Abstract]
Assets on Deposit, Amortized Cost	$ 3,351,036		$ 3,351,036		$ 2,958,178
Assets on Deposit, Fair Value	3,221,426		3,221,426		$ 2,772,809
Proceeds From Sale Of Available-For-Sale Securities	2,040,640	$ 3,023,134	2,406,165	$ 6,335,502
Available-for-sale Securities, Gross Realized Gains	7,382	0	9,006	24,910
Available-for-sale Securities, Gross Realized Losses	$ 7,127	$ 152,203	$ 13,148	$ 226,784

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	$ 44,930,022
Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	40,753,983	$ 17,384,183
Mortgage loans on real estate, held for investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	4,176,039
U.S. government obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	2,079,764	1,995,951
Mortgage loans on real estate, held for investment [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	940,781	1,004,051
States and Political Subdivisions - general obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	267,118	263,184
States and Political Subdivisions - special revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	25,362	25,173
Corporate [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	16,212,576	14,095,824
Agency Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	21,228,382
Fair Value, Inputs, Level 1 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Mortgage loans on real estate, held for investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Total Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | U.S. government obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Mortgage loans on real estate, held for investment [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | States and Political Subdivisions - general obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | States and Political Subdivisions - special revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Corporate [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Agency Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 2 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	40,753,983	17,384,183
Fair Value, Inputs, Level 2 [Member] | Mortgage loans on real estate, held for investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 2 [Member] | Total Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	40,753,983
Fair Value, Inputs, Level 2 [Member] | U.S. government obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	2,079,764	1,995,951
Fair Value, Inputs, Level 2 [Member] | Mortgage loans on real estate, held for investment [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	940,781	1,004,051
Fair Value, Inputs, Level 2 [Member] | States and Political Subdivisions - general obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	267,118	263,184
Fair Value, Inputs, Level 2 [Member] | States and Political Subdivisions - special revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	25,362	25,173
Fair Value, Inputs, Level 2 [Member] | Corporate [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	16,212,576	14,095,824
Fair Value, Inputs, Level 2 [Member] | Agency Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	21,228,382
Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Mortgage loans on real estate, held for investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	4,176,039
Fair Value, Inputs, Level 3 [Member] | Total Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	4,176,039
Fair Value, Inputs, Level 3 [Member] | U.S. government obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Mortgage loans on real estate, held for investment [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | States and Political Subdivisions - general obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | States and Political Subdivisions - special revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Corporate [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Agency Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities

Fair Values of Financial Inst_4

Fair Values of Financial Instruments (Schedule of Financial Assets and Liabilities at Fair Value) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets:
Cash	$ 10,274,224	$ 2,832,567	$ 2,660,663	$ 951,527
Fair Value, Inputs, Level 1 [Member]
Assets:
Policy loans
Cash	10,274,224	2,832,567
Liabilities:
Policyholder deposits (Deposit-type contracts)
Notes payable
Fair Value, Inputs, Level 2 [Member]
Assets:
Policy loans
Cash
Liabilities:
Policyholder deposits (Deposit-type contracts)
Notes payable
Fair Value, Inputs, Level 3 [Member]
Assets:
Policy loans	43,254	43,843
Cash
Liabilities:
Policyholder deposits (Deposit-type contracts)	46,069,681	7,234,927
Notes payable		18,988,760
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Assets:
Policy loans	43,254	43,843
Cash	10,274,224	2,832,567
Liabilities:
Policyholder deposits (Deposit-type contracts)	46,069,681	7,234,927
Notes payable		18,938,705
Estimate Of Fair Value, Fair Value Disclosure [Member]
Assets:
Policy loans	43,254	43,843
Cash	10,274,224	2,832,567
Liabilities:
Policyholder deposits (Deposit-type contracts)	$ 46,069,681	7,234,927
Notes payable		$ 18,988,760

Income Tax Matters (Schedule of

Income Tax Matters (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Deferred tax assets:
Loss carryforwards	$ 2,172,212	$ 1,429,458
Capitalized costs	245,695	269,472
Unrealized losses on investments	30,464	390,349
Charitable contribution carryforward	7,100
Benefit reserves	657,727	192,858
Total deferred tax assets	2,289,844	2,282,137
Less valuation allowance	(1,835,176)	(1,928,454)
Total deferred tax assets, net of valuation allowance	454,668	353,683
Deferred tax liabilities:
Policy acquisition costs	223,447
Due premiums	75,544	117,144
Intangible assets	147,000	147,000
Policy loans	9,083	86,245
Property and equipment	406	3,294
Total deferred tax liabilities	454,668	353,683
Net deferred tax assets

Income Tax Matters (Schedule _2

Income Tax Matters (Schedule of Effective Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Computed expected income tax benefit	$ (174,689)	$ (192,914)	$ (488,643)	$ (352,490)
Increase (reduction) in income taxes resulting from:
Meals, entertainment and political contributions	3,053	2,247	5,636	4,204
Change in loss carryforward due to 382 limitation		5,532,029		5,532,029
COD Interest	177,563		177,563
Other	(38,136)	44,017	38,837	30,266
Total deductions	142,480	5,578,293	222,036	5,566,499
Tax benefit before valuation allowance	(32,209)	5,385,379	(266,607)	5,214,009
Change in valuation allowance	32,209	(5,385,379)	266,607	(5,214,009)
Net income tax expenses

Income Tax Matters (Narrative)

Income Tax Matters (Narrative) (Details) - USD ($)	1 Months Ended	6 Months Ended
	Jun. 28, 2018	Jun. 30, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Valuation Allowance		$ 1,835,176	$ 1,928,454
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2032
U.S. federal income tax rate		21.00%
Net operating loss ("NOL") carryforwards	$ 890,636	$ 6,423,135
Percentage of carry forward year limited taxable income		80.00%
NOLs Carryforwards, Valuation Allowance		$ 1,348,858

Reinsurance (Summary of Signifi

Reinsurance (Summary of Significant Reinsurance Amounts) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Balance sheets:
Benefit and claim reserves ceded	$ 23,505,095		$ 23,505,095		$ 23,100,644
Statements of comprehensive income:
Premiums assumed		$ 2,111		$ 8,347
Premiums ceded	249,200	298,156	522,301	640,665
Benefits assumed		33,165		92,435
Benefits ceded	38,326	41,986	116,029	103,062
Commissions assumed		9		14
Commissions ceded	$ 3,666	$ 2,286	$ 6,580	$ 4,220

Reinsurance (Schedule of Signif

Reinsurance (Schedule of Significant Reinsurance Balances) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Recoverable on Paid Losses
Recoverable on Unpaid Losses	150,871
Recoverable on Benefit Reserves/Deposit-type Contracts	23,650,394
Ceded Due Premiums	296,170
Total Amount Recoverable from Reinsurer	$ 23,505,095	$ 23,100,644
Optimum Reinsurance Company [Member]
AM Best Rating	A-
Recoverable on Paid Losses
Recoverable on Unpaid Losses
Recoverable on Benefit Reserves/Deposit-type Contracts	483,945
Ceded Due Premiums
Total Amount Recoverable from Reinsurer	$ 483,945
Sagicor Life Insurance Company [Member]
AM Best Rating	A-
Recoverable on Paid Losses
Recoverable on Unpaid Losses	119,871
Recoverable on Benefit Reserves/Deposit-type Contracts	11,383,747
Ceded Due Premiums	268,351
Total Amount Recoverable from Reinsurer	$ 11,235,267	$ 11,494,161
US Alliance Life and Security Company [Member]
AM Best Rating	NR
Recoverable on Paid Losses
Recoverable on Unpaid Losses	31,000
Recoverable on Benefit Reserves/Deposit-type Contracts	11,782,702
Ceded Due Premiums	27,819
Total Amount Recoverable from Reinsurer	$ 11,785,883

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Reinsurance recoverables (Note 8)	$ 23,505,095		$ 23,100,644
Net of ceding allowance	(1,838,878)	$ (24,188)
Remaining deferred gain	3,069,690
American Life [Member]
Coinsurance ceding commission deferred	$ 1,178,258
Percentage of coinsured block of business discharging	59.00%
American Life amortized amount	$ 67,108
Unified Life Insurance Company [Member]
Transferred risk insurance company	100.00%
Amount transferred for reinsurance	$ 19,311,616
Adjusted reserves cash	14,320,817
Net of ceding allowance	$ 3,500,000
Percentage of indemnity coinsurance	59.00%
Additional amount release into income	$ 1,747,582
Remaining DAC	1,890,013
Remaining deferred gain	26,896
Value of business acquired	338,536
US Alliance Life and Security Company [Member]
Amount to cede	11,785,883		11,149,888
Sagicor Life Insurance Company [Member]
Reinsurance recoverables (Note 8)	11,235,267		$ 11,494,161
American Life and Security National Life Insurance [Member]
Deferred loss	154,780
Amount to cede	$ 2,543,898

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details) - USD ($)	May 09, 2018	Dec. 31, 2018	Jun. 30, 2019
Shares of Common Stock into which Loan May be Converted			24,284,825
Common stock, shares authorized	1,970,000,000	1,970,000,000	1,970,000,000
Maximum [Member]
Common stock, shares authorized		1,970,000,000
Xenith [Member]
Proceeds From Issuance of Debt	$ 600,000		$ 600,000
Debt term	10 years		10 years
Interest rate			8.00%
Accrued interest			$ 845,536
Proceeds from issuance of additional loan of converted			23,500,000
Xenith [Member] | Note One [Member]
Proceeds From Issuance of Debt			500,000
Xenith [Member] | Note Two [Member]
Proceeds From Issuance of Debt			$ 100,000
Xenith [Member] | Additional Loan [Member]
Proceeds From Issuance of Debt		$ 18,500,000
Conversion price			$ 0.02
Xenith [Member] | June 28, 2018 through December 31, 2018 [Member]
Accrued interest			$ 131,711
Xenith [Member] | January 1, 2019 through June 18, 2019 [Member]
Accrued interest			$ 713,825

Notes Payable (Summary of Infor

Notes Payable (Summary of Information Regarding Loans) (Details)	6 Months Ended
	Jun. 30, 2019USD ($)shares
Loan Principal Amount | $	$ 19,100,000
Shares of Common Stock into which Loan May be Converted | shares	24,284,825
June 28, 2018 [Member]
Loan Principal Amount | $	$ 500,000
Shares of Common Stock into which Loan May be Converted | shares	24,284,825
June 28, 2018 [Member]
Loan Principal Amount | $	$ 100,000
Shares of Common Stock into which Loan May be Converted | shares	4,856,965
October 10, 2018 [Member]
Loan Principal Amount | $	$ 1,000,000
Shares of Common Stock into which Loan May be Converted | shares	48,569,650
December 7, 2018 [Member]
Loan Principal Amount | $	$ 17,500,000
Shares of Common Stock into which Loan May be Converted | shares	849,968,875

Deposit-Type Contracts (Details

Deposit-Type Contracts (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Deposit Type Contracts [Abstract]
Beginning balance	$ 7,234,927	$ 8,314,297
US Alliance	324,871	804,187
Deposits received	38,269,699	(1,881,411)
Investment earnings	251,187	650
Withdrawals	(11,003)	47,936
Contract charges		(50,732)
Ending balance	$ 46,069,681	$ 7,234,927

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Adjustment finance lease		$ 5,266
Adjustment operating lease		$ 54,454
Weighted Average Discount Rate - Finance lease		6.00%
Weighted Average Discount Rate - Operating lease		8.00%
Subsequent Event [Member]
Lessee, Lease, Description [Line Items]
Weighted Average Discount Rate - Finance lease	6.00%
Weighted Average Discount Rate - Operating lease	8.00%

Leases (Schedule of Supplementa

Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Noncurrent:
Finance lease (Office and other equipment, net of accumulated depreciation and amortization)	$ 8,739	$ 14,564
Operating lease right-of-use assets	531,098	592,065
Total leased assets	539,837	606,629
Current:
Finance lease	5,579	9,299
Noncurrent:
Operating lease	585,595	646,519
Total leased liabilities	$ 591,174	$ 655,818

Leases (Schedule of Components

Leases (Schedule of Components of Leases Expenses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Leases [Abstract]
Operating lease cost (General and administrative expense)	$ 3,344	$ 4,609	$ 7,109	$ 9,219
Finance lease cost:
Amortization of right of use assets	2,914	1,121	5,827	1,121
Interest on lease liabilities	$ 111	$ 111	$ 222	$ 222

Leases (Schedule of Finance and

Leases (Schedule of Finance and Operating Leases Mature) (Details)	Jun. 30, 2019USD ($)
Operating Leases
2019 (excluding six months ended June 30, 2019)	$ 78,158
2020	160,958
2021	164,081
2022	156,608
2023	161,674
2024	13,508
Total remaining lease payments	734,987
Finance Lease
2019 (excluding six months ended June 30, 2019)	4,267
2020	2,133
2021
2022
2023
2024
Total remaining lease payments	$ 6,400

Leases (Schedule of Supplemen_2

Leases (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Cash payments
Operating cash flows from operating leases	$ (190)	$ 1,076	$ 42	$ 1,076
Operating cash flows from finance leases	1,164	(628)	2,328	(1,258)
Financing cash flows from finance leases	$ (111)	$ (111)	$ (222)	$ (222)

Statutory Net Income and Surp_2

Statutory Net Income and Surplus (Details) - American Life and Security Corporation [Member] - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Statutory Net Loss	$ 3,000,141	$ 1,381,377
Capital and Surplus	16,132,711		$ 20,979,285
Multi-year guaranteed annuity sales	38,238,880
Additional amount	$ 6,102,081

Surplus Notes (Narrative) (Deta

Surplus Notes (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Face Amount	$ 876,400
Book value of condominiums	493,648
Gain on settlement of transaction	$ 382,752
Surplus Notes One [Member]
Maturity Date	Aug. 1, 2016
Face Amount	$ 300,000
Surplus Notes Two [Member]
Maturity Date	Sep. 1, 2016
Face Amount	$ 250,000

Third Party Administration (Det

Third Party Administration (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
TPA [Member]
Related Party Transaction [Line Items]
Amount of transaction	$ 12,720	$ 23,100	$ 28,260	$ 47,340

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 25, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Subsequent Event [Line Items]
Net premium income			$ 2,111	$ (2,479)	$ 8,347
Amount owned		$ 19,100,000		$ 19,100,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage of quota share of liabilities	95.00%
Net premium income	$ 45,005,536
Gross premiums income	46,568,321
Gross Commission paid	1,562,786
Net statutory reserves	47,271,267
Subsequent Event [Member] | Funds Withheld Account [Member]
Subsequent Event [Line Items]
Net statutory reserves	26,944,622
Initial settlement	24,928,934
Amount owned	2,015,688
Subsequent Event [Member] | Modco Deposit Account [Member]
Subsequent Event [Line Items]
Net statutory reserves	17,963,081
Initial settlement	16,619,289
Amount owned	$ 1,343,792