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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Premiums earned $ 430 $ 849
Net investment income 1,180 651
Total revenues 1,610 1,500
Operating expenses:    
Losses and loss adjustment expense 94 387
Ceding commission expense 50 78
General and administrative expense 2,012 2,029
Loss contract reserve change (916) (1,362)
Interest expense 610 693
Total operating expense 1,850 1,825
Net operating (loss) (240) (325)
Other (income):    
Unrealized (gain) on change in fair value of derivative embedded conversion feature (18,029) (55,875)
Total other (income) (18,029) (55,875)
Income before income taxes 17,789 55,550
Net income 17,789 55,550
Redeemable convertible series B preferred stock dividends (4,500) (4,500)
Net income attributable to common and participating stockholders $ 13,289 $ 51,050
Basic net income per share attributable to common stockholders (Note 12) $ 0.02 $ 0.11
Shares used in computing basic net income per share 202,423,969 202,058,377
Diluted net income per share attributable to common stockholders (Note 12) $ 0.02 $ 0.10
Shares used in computing diluted net income per share 213,623,959 237,999,718