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v3.5.0.2

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Revenues: |  |  |  |
Premiums earned | $ 786 | $ 1,247 | $ 2,426 | $ 3,938
Net investment income | 498 | 241 | 1,747 | 770
Total revenues | 1,284 | 1,488 | 4,173 | 4,708
Operating expenses: |  |  |  |
Losses and loss adjustment expense (benefit) | 183 | (40) | 702 | (358)
Ceding commission expense | 75 | 110 | 234 | 353
General and administrative expense | 1,357 | 13,204 | 4,878 | 18,483
Loss contract reserve change | (565) |  | (2,362) | (2,783)
Interest expense | 636 | 937 | 1,994 | 2,842
Total operating expense | 1,686 | 14,211 | 5,446 | 18,537
Net operating (loss) | (402) | (12,723) | (1,273) | (13,829)
Other expense (income): |  |  |  |
Other expense (income) |  | 477 |  | (7,845)
Unrealized loss (gain) on change in fair value of derivative liability - embedded conversion feature | 16,243 | (9,281) | (62,587) | 65,917
Total other expense (income) | 16,243 | (8,804) | (62,587) | 58,072
(Loss) income before income taxes | (16,645) | (3,919) | 61,314 | (71,901)
Net (loss) income | (16,645) | (3,919) | 61,314 | (71,901)
Redeemable convertible series B preferred stock dividends | (4,500) | (4,500) | (13,500) | (13,248)
Net (loss) income attributable to common and participating stockholders | $ (21,145) | $ (8,419) | $ 47,814 | $ (85,149)
Basic net (loss) income per share attributable to common stockholders (Note 12) | $ (0.10) | $ (0.04) | $ 0.10 | $ (0.42)
Shares used in computing basic net (loss) income per share | 202,341,209 | 201,970,639 | 202,247,275 | 201,671,117
Diluted net (loss) income per share attributable to common stockholders (Note 12) | $ (0.10) | $ (0.04) | $ 0.09 | $ (0.42)
Shares used in computing diluted net (loss) income per share | 202,341,209 | 201,970,639 | 237,575,014 | 201,671,117

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