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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income and Revenues:    
Interest income – mortgage securities $ 1,060 $ 1,556
Total 1,060 1,556
Costs and Expenses:    
General and administrative expenses 1,808 1,849
Total 1,808 1,849
Other income 303 10
Interest expense (876) (885)
Loss from continuing operations before income taxes (1,321) (1,168)
Income tax expense, continuing operations 5 90
Net loss from continuing operations (1,326) (1,258)
Loss from discontinued operations, net of income taxes (65) (5,713)
Net loss $ (1,391) $ (6,971)
Earnings Per Share attributable to Novation:    
Basic, in dollars per share $ (0.02) $ (0.08)
Diluted, in dollars per share $ (0.02) $ (0.08)
Weighted average basic shares outstanding 91,758,041 91,024,747
Weighted average diluted shares outstanding 91,758,041 91,024,747