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v2.4.0.8

Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013
Revenues: |  |  |  |
Premiums earned | $ 1,635 | $ 2,933 | $ 5,514 | $ 8,072
Net investment income (loss) | 86 | 790 | 1,191 | (1,222)
Total revenues | 1,721 | 3,723 | 6,705 | 6,850
Expenses: |  |  |  |
Losses and loss adjustment expense (benefit) | 542 | (618) | 4,531 | (1,918)
Ceding commission expense | 144 | 321 | 507 | 1,027
General and administrative expense | 1,287 | 1,332 | 4,750 | 4,366
Loss contract reserve fair market value change |  |  | (30,287) | (987)
Loss from contract termination |  |  | 6,563 |
Interest expense | 1,047 | 3,566 | 7,998 | 11,540
Total expenses | 3,020 | 4,601 | (5,938) | 14,028
(Loss) income before federal income taxes | (1,299) | (878) | 12,643 | (7,178)
Income tax expense (benefit) | 0 | 0 | 0 | 0
Net (loss) income | (1,299) | (878) | 12,643 | (7,178)
Preferred deemed dividend |  |  | (9,455) |
Net (loss) income attributable to common shareholders | $ (1,299) | $ (878) | $ 3,188 | $ (7,178)
Basic net (loss) income per share attributable to common shareholders | $ (0.01) | $ 0.00 | $ 0.02 | $ (0.04)
Shares used in computing basic net (loss) income per share | 200,999,481 | 200,385,364 | 200,826,268 | 200,276,671
Diluted net (loss) income per share attributable to common shareholders | $ (0.01) | $ 0.00 | $ 0.01 | $ (0.04)
Shares used in computing diluted net (loss) income per share | 200,999,481 | 200,385,364 | 237,872,256 | 200,276,671

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