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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income        
Interest income $ 7 $ 9 $ 16 $ 22
Loss on life settlements, net 0 0 0 (426)
Change in fair value of life settlements (Notes 8 & 13) 2,667 (3,643) 43,582 19,313
Other income 95 17 185 72
Total income (loss) 2,769 (3,617) 43,783 18,981
Expenses        
Interest expense 8,614 4,303 21,491 11,165
Extinguishment of Secured Notes 8,782 0 8,782 0
Change in fair value of Revolving Credit Facilities (Notes 9, 10 & 13) (4,203) (8,375) 13,489 (4,556)
Change in fair value of conversion derivative liability (Notes 11 & 13) 0 0 0 6,759
Personnel costs 1,945 1,910 5,425 6,627
Legal fees 3,370 2,943 10,345 9,121
Professional fees 1,579 1,143 5,284 3,562
Insurance 309 414 966 1,253
Other selling, general and administrative expenses 585 544 1,671 1,365
Total expenses 20,981 2,882 67,453 35,296
Income (loss) from continuing operations before income taxes (18,212) (6,499) (23,670) (16,315)
Benefit for income taxes 4,721 2,235 6,981 2,452
Net income (loss) from continuing operations (13,491) (4,264) (16,689) (13,863)
Discontinued Operations:        
Income (loss) from discontinued operations (147) (249) (640) (454)
Benefit for income taxes 34 0 224 0
Net income (loss) from discontinued operations (113) (249) (416) (454)
Net income (loss) $ (13,604) $ (4,513) $ (17,105) $ (14,317)
Basic and diluted income (loss) per share:        
Continuing operations (usd per share) $ (0.48) $ (0.20) $ (0.70) $ (0.65)
Discontinued operations (usd per share) 0.00 (0.01) (0.02) (0.02)
Basic and diluted income (loss) per share available to common shareholders (usd per share) $ (0.48) $ (0.21) $ (0.72) $ (0.67)
Weighted average shares outstanding:        
Basic and Diluted (shares) 28,084,254 21,361,930 23,827,030 21,352,086