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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Premiums earned $ 1,342 $ 1,713 $ 2,691 $ 3,879
Net investment income 128 437 529 1,105
Total revenues 1,470 2,150 3,220 4,984
Operating expenses:        
Losses and loss adjustment expense (benefit) 223 2,885 (318) 3,989
Ceding commission expense 120 150 243 363
General and administrative expense 2,306 2,016 5,279 3,463
Loss contract reserve fair market value change (2,783) (30,287) (2,783) (30,287)
Loss from contract termination   6,563   6,563
Interest expense 951 3,501 1,905 6,951
Total operating expense (benefit) 817 (15,172) 4,326 (8,958)
Net operating income (loss) 653 17,322 (1,106) 13,942
Other (income) and expenses:        
Other income (8,322)   (8,322)  
Unrealized loss on change in fair value of derivative liability - embedded conversion feature 82,458   75,198  
Total other expense: 74,136   66,876  
(Loss) income before federal income taxes (73,483) 17,322 (67,982) 13,942
Net (loss) income (73,483) 17,322 (67,982) 13,942
Series B preferred stock dividends (4,500)   (8,748)  
Preferred deemed dividend       (9,455)
Net (loss) income attributable to common shareholders $ (77,983) $ 17,322 $ (76,730) $ 4,487
Basic net (loss) income per share attributable to common shareholders $ (0.39) $ 0.09 $ (0.38) $ 0.02
Shares used in computing basic net (loss) income per share 201,887,091 200,999,481 201,518,874 200,738,227
Diluted net (loss) income per share attributable to common shareholders $ (0.39) $ 0.07 $ (0.38) $ 0.02
Shares used in computing diluted net (loss) income per share 201,887,091 243,587,216 201,518,874 235,963,104