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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (Benefit) | The Company has not recorded an income tax expense or benefit for the years ended December 31, 2013, 2012 or 2011.
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current federal income tax expense |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision for doubtful federal income tax receivable |  |  | — |  |  |  | — |  |  |  | — |
Deferred federal income tax (benefit) expense |  |  | — |  |  |  | — |  |  |  | — |
Federal income tax benefit |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Effective Income Tax Rate Reconciliation | The items accounting for the difference between income taxes computed at the US federal statutory rate and our effective rate were as follows:
|  | Successor |  |  | Successor |  |  |  |  | Predecessor |  |  | Predecessor |
|  | Year Ended December 31, 2013 |  |  | Period from March 20, 2012 through December 31, 2012 |  |  |  |  | Period from January 1, 2012 through March 19, 2012 |  |  | Year ended December 31, 2011 |
Income tax at the federal statutory rate of 35% |  |  | 35% |  |  |  | (35)% |  |  |  |  |  | (35)% |  |  |  | (35)% |
Effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fresh start accounting adjustments |  |  | — |  |  |  | — |  |  |  |  |  | — |  |  |  | (3) |
Worthless stock deduction |  |  | 13 |  |  |  | (23,718) |  |  |  |  |  | — |  |  |  | — |
Cancelation of debt |  |  | — |  |  |  | 2,401 |  |  |  |  |  | — |  |  |  | — |
As filed adjustments |  |  | (14,505) |  |  |  | — |  |  |  |  |  | — |  |  |  | — |
Reduction in NOL due to 382 Limitation |  |  | — |  |  |  | 4,518 |  |  |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | 14,457 |  |  |  | 16,834 |  |  |  |  |  | 35 |  |  |  | 38 |
Effective Rate |  |  | — % |  |  |  | — % |  |  |  |  |  | — % |  |  |  | — % |
Components of Net Deferred Tax Asset | The components of the net deferred tax asset as of December 31, 2013 and 2012, respectively, are as follows:
|  | 2013 |  |  | 2012 |
Deferred federal income tax asset: |  |  |  |  |  |  |  |
Losses and loss adjustments expenses |  | $ | 143 |  |  | $ | 2,832 |
Net operating loss carryforward |  |  | 2,087,490 |  |  |  | 2,088,461 |
Accruals and reserves |  |  | 16,387 |  |  |  | 18,276 |
As filed adjustments |  |  | 130 |  |  |  | — |
Capital loss carryforward |  |  | 52,756 |  |  |  | — |
Total deferred federal income tax asset |  |  | 2,156,906 |  |  |  | 2,109,569 |
Deferred federal income tax liabilities: |  |  |  |  |  |  |  |
Net unrealized gains on investments |  |  | 425 |  |  |  | 1,946 |
Total deferred federal income tax liabilities |  |  | 425 |  |  |  | 1,946 |
Less: Valuation allowance |  |  | 2,156,481 |  |  |  | 2,107,623 |
Net deferred federal income tax asset |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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