Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

The Company has not recorded an income tax expense or benefit for the years ended December 31, 2013, 2012 or 2011.

	2013		2012		2011
Current federal income tax expense	$	—	$	—	$	—
Provision for doubtful federal income tax receivable		—		—		—
Deferred federal income tax (benefit) expense		—		—		—
Federal income tax benefit	$	—	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

The items accounting for the difference between income taxes computed at the US federal statutory rate and our effective rate were as follows:

	Successor		Successor		Predecessor		Predecessor
	Year Ended December  31, 2013		Period from March 20, 2012 through December 31, 2012		Period from January 1, 2012 through March 19, 2012		Year ended December 31, 2011
Income tax at the federal statutory rate of 35%		35%		(35)%		(35)%		(35)%
Effect of:
Fresh start accounting adjustments		—		—		—		(3)
Worthless stock deduction		13		(23,718)		—		—
Cancelation of debt		—		2,401		—		—
As filed adjustments		(14,505)		—		—		—
Reduction in NOL due to 382 Limitation		—		4,518		—		—
Change in valuation allowance		14,457		16,834		35		38
Effective Rate		—  %		—  %		—  %		—  %

Components of Net Deferred Tax Asset

The components of the net deferred tax asset as of December 31, 2013 and 2012, respectively, are as follows:

	2013		2012
Deferred federal income tax asset:
Losses and loss adjustments expenses	$	143	$	2,832
Net operating loss carryforward		2,087,490		2,088,461
Accruals and reserves		16,387		18,276
As filed adjustments		130		—
Capital loss carryforward		52,756		—
Total deferred federal income tax asset		2,156,906		2,109,569
Deferred federal income tax liabilities:
Net unrealized gains on investments		425		1,946
Total deferred federal income tax liabilities		425		1,946
Less: Valuation allowance		2,156,481		2,107,623
Net deferred federal income tax asset	$	—	$	—