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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Premiums earned $ 1,220 $ 3,147 $ 5,121
Net investment income 6,670 2,249 879
Total revenues 7,890 5,396 6,000
Operating expenses:      
Losses and loss adjustment expense (benefit) 19 (669) (1,115)
Ceding commission expense 137 306 456
General and administrative expense 14,457 7,043 20,940
Loss contract reserve reduction (5,645) (3,978) (2,926)
Gain from contract termination (383)    
Interest expense 1,788 2,616 3,702
Total operating expenses 10,373 5,318 21,057
Net operating (loss) income (2,483) 78 (15,057)
Other (income) expense:      
Other income (123) (123) (7,845)
(Gain) loss on change in fair value of derivative embedded conversion feature (28,242) (201,499) 54,621
Total other (income) expense (28,365) (201,622) 46,776
Income (loss) before income taxes 25,882 201,700 (61,833)
Net income (loss) 25,882 201,700 (61,833)
Redeemable convertible series B preferred stock dividends (18,050) (18,000) (17,748)
Net income (loss) attributable to common and participating stockholders $ 7,832 $ 183,700 $ (79,581)
Basic net income (loss) per share attributable to common stockholders (Note 12) $ 0.01 $ 0.33 $ (0.39)
Shares used in computing basic net income (loss) per share 202,595,288 202,270,887 201,746,613
Diluted net income (loss) per share attributable to common stockholders (Note 12) $ 0.01 $ 0.30 $ (0.39)
Shares used in computing diluted net income (loss) per share 212,660,917 235,406,360 201,746,613