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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Premiums earned $ 18 $ 329 $ 41 $ 759
Net investment income 3,059 1,703 5,229 2,883
Total revenues 3,077 2,032 5,270 3,642
Operating expenses:        
Losses and loss adjustment (benefit) expense (135) 65 (73) 159
Ceding commission expense   43   93
General and administrative expense 5,208 1,786 12,922 3,798
Loss contract reserve reduction   (4,519)   (5,435)
Interest expense   599   1,209
Total operating expenses 5,073 (2,026) 12,849 (176)
Net operating (loss) income (1,996) 4,058 (7,579) 3,818
Other expense:        
Loss on change in fair value of derivative embedded conversion feature   25,382   7,353
Total other expense   25,382   7,353
Loss before income taxes (1,996) (21,324) (7,579) (3,535)
Net loss (1,996) (21,324) (7,579) (3,535)
Redeemable convertible series B preferred stock dividends   (4,500) (200) (9,000)
Net loss attributable to common and participating stockholders $ (1,996) $ (25,824) $ (7,779) $ (12,535)
Basic net loss per share attributable to common stockholders (Note 12) $ (0.01) $ (0.13) $ (0.04) $ (0.06)
Shares used in computing basic net loss per share 206,061,686 202,632,883 204,386,223 202,529,003
Diluted net loss per share attributable to common stockholders (Note 12) $ (0.01) $ (0.13) $ (0.04) $ (0.06)
Shares used in computing diluted net loss per share 206,061,686 202,632,883 204,386,223 202,529,003