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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash flows from operating activities:          
Net loss $ (1,996) $ (21,324) $ (7,579) $ (3,535) $ 25,882
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization of premium or discount on fixed maturity securities     13 76  
Net realized (gain) loss on sale of investments (6) 25 (2) 27  
Unrealized gain on trading securities (17) (2) (15) (23)  
Loss on derivative embedded conversion feature   25,382   7,353  
Equity-based compensation     178 313  
Changes in assets and liabilities:          
Accrued investment income     11 19  
Other assets     (4,412) 19  
Cash equivalents held in trust     3,491 (5,327)  
Losses and loss adjustment reserves     (201) (123)  
Losses payable       (53)  
Unearned premiums   (10) (39) (235)  
Accrued ceding commission expense       (9)  
Accrued interest on notes payable       (5)  
Loss contract reserve       (5,435)  
Other liabilities     7,583 (533)  
Total adjustments     6,607 (3,936)  
Net cash used in operating activities     (972) (7,471)  
Cash flows from investing activities:          
Purchase of investments       (19,974)  
Proceeds from sales and maturities of investments     3,664 72,663  
Net cash provided by investing activities     3,664 52,689  
Cash flows from financing activities:          
Fees incurred and paid relating to preferred stock issuance     (2,500)    
Redeemable convertible series B preferred stock dividends     (1,000) (9,000)  
Notes payable – principal repayments       (548)  
Net cash used in financing activities     (3,500) (9,548)  
(Decrease) increase in cash and cash equivalents     (808) 35,670  
Cash, cash equivalents and restricted cash, beginning of period     605,645 575,838 575,838
Cash, cash equivalents and restricted cash, end of period $ 604,837 $ 611,508 604,837 611,508 $ 605,645
Supplementary disclosure of cash flow information:          
Cash paid during the period, Interest       $ 1,214  
Supplementary disclosure of non-cash investing and financing activities:          
Value of common stock issued to satisfy series B dividends     $ 12,933