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v3.22.1

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020
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Income Tax Disclosure [Abstract] |  |
Future policy benefits | $ (13,015,255) | $ (12,657,045)
Loan loss reserve | (636,256) | (5,352,942)
Unearned premium | (642,755) | (699,011)
Net operating loss | (898,029) | (334,085)
Deferred compensation | (2,750,406) | (2,833,298)
Deposit obligations | (635,878) | (610,041)
Other | (1,712,895) | (1,269,533)
Less: Valuation allowance | 882,535 | 961,920
Total deferred tax assets | (19,408,939) | (22,794,035)
Liabilities |  |
Deferred policy acquisition costs | 17,166,200 | 16,430,001
Basis difference in property, equipment and real estate | 9,247,242 | 5,312,787
Value of business acquired | 1,768,501 | 1,880,602
Deferred gains | 15,598,360 | 12,124,226
Trusts | 1,064,387 | 1,064,387
Tax on unrealized appreciation | 7,159,032 | 8,644,955
Total deferred tax liabilities | 52,003,722 | 45,456,958
Net deferred tax liability | $ 32,594,783 | $ 22,662,923

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