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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Premiums earned $ 791 $ 1,342 $ 1,640 $ 2,691
Net investment income 598 128 1,249 529
Total revenues 1,389 1,470 2,889 3,220
Operating expenses:        
Losses and loss adjustment expense (benefit) 132 223 519 (318)
Ceding commission expense 81 120 159 243
General and administrative expense 1,492 2,306 3,521 5,279
Loss contract reserve change (435) (2,783) (1,797) (2,783)
Interest expense 665 951 1,358 1,905
Total operating expense 1,935 817 3,760 4,326
Net operating (loss) income (546) 653 (871) (1,106)
Other (income) expense:        
Other (income)   (8,322)   (8,322)
Unrealized (gain) loss on change in fair value of derivative liability - embedded conversion feature (22,955) 82,458 (78,830) 75,198
Total other (income) expense: (22,955) 74,136 (78,830) 66,876
Income (loss) before income taxes 22,409 (73,483) 77,959 (67,982)
Net income (loss) 22,409 (73,483) 77,959 (67,982)
Redeemable convertible series B preferred stock dividends (4,500) (4,500) (9,000) (8,748)
Net income (loss) attributable to common and participating stockholders $ 17,909 $ (77,983) $ 68,959 $ (76,730)
Basic net income (loss) per share attributable to common stockholders $ 0.04 $ (0.39) $ 0.14 $ (0.38)
Shares used in computing basic net income (loss) per share 202,341,209 201,887,091 202,199,793 201,518,874
Diluted net income (loss) per share attributable to common stockholders $ 0.03 $ (0.39) $ 0.13 $ (0.38)
Shares used in computing diluted net income (loss) per share 236,882,079 201,887,091 237,372,181 201,518,874