Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014, 2013 or 2012.

	2014		2013		2012
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									Predecessor
	Year Ended			Year Ended			Period from			Period from
	December 31, 2014			December 31, 2013			March 20, 2012 through December 31, 2012			January 1, 2012 through March 19, 2012
Income tax at the federal statutory rate of 35%		35	%		35	%		-35	%		-35	%
Effect of:
Worthless stock deduction	—			13			(23,718)			—
Cancelation of debt	—			—			2,401			—
As filed adjustments	—			(14,505)			—			—
Adjustments to NOL due to 382 limitation	(9)			—			4,518			—
Change in valuation allowance	(26)			14,457			16,834			35
Effective rate	—		%	—		%	—		%	—		%

Components of Net Deferred Tax Asset

The components of the net deferred tax asset as of December 31, 2014 and 2013, respectively, are as follows:

	2014		2013
Deferred federal income tax asset:
Losses and loss adjustments expenses	$	—	$	143
Net operating loss carryforward		2,098,597		2,087,490
Accruals and reserves		4,531		16,387
As filed adjustments		214		130
Capital loss carryforward		52,603		52,756
Total deferred federal income tax asset		2,155,945		2,156,906
Deferred federal income tax liabilities:
Net unrealized gains on investments		154		425
Losses and loss adjustments expenses		102		—
Total deferred federal income tax liabilities		256		425
Less: Valuation allowance		2,155,689		2,156,481
Net deferred federal income tax asset	$	—	$	—