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v3.3.1.900

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Revenues: |  |  |
Premiums earned | $ 5,121 | $ 7,169 | $ 10,946
Net investment income (loss) | 879 | 1,379 | (778)
Total revenues | 6,000 | 8,548 | 10,168
Operating expenses: |  |  |
Losses and loss adjustment (benefit) expense | (1,115) | 3,281 | (6,159)
Ceding commission expense | 456 | 653 | 1,325
General and administrative expense | 20,940 | 6,526 | 5,665
Loss contract reserve fair market value change | (2,926) | (33,770) | (5,898)
Loss from contract termination |  | 6,563 |
Interest expense | 3,702 | 22,225 | 14,897
Total operating expense | 21,057 | 5,478 | 9,830
Net operating (loss) income | (15,057) | 3,070 | 338
Other (income) and expense: |  |  |
Other (income) | (7,845) |  |
Unrealized loss on change in fair value of derivative liability - embedded conversion feature | 54,621 |  |
Total other expense: | 46,776 |  |
(Loss) income before income taxes | (61,833) | 3,070 | 338
Net (loss) income | (61,833) | 3,070 | 338
Redeemable convertible series B preferred stock dividends | (17,748) |  |
Preferred deemed dividend |  | (9,455) |
Net (loss) income attributable to common and participating stockholders | $ (79,581) | $ (6,385) | $ 338
Basic and diluted net (loss) income per share attributable to common and participating stockholders | $ (0.39) | $ (0.03) | $ 0.00
Shares used in computing basic and diluted net (loss) income per share | 201,746,613 | 200,869,928 | 200,304,068

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- Definition Gain (loss) related to the termination of a contract between the parties. The termination may be due to many causes including early termination of a lease by a lessee, a breach of contract by one party, or a failure to perform. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 + Details
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