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v3.6.0.2

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Revenues: |  |  |
Premiums earned | $ 3,147 | $ 5,121 | $ 7,169
Net investment income | 2,249 | 879 | 1,379
Total revenues | 5,396 | 6,000 | 8,548
Operating expenses: |  |  |
Losses and loss adjustment (benefit) expense | (669) | (1,115) | 3,281
Ceding commission expense | 306 | 456 | 653
General and administrative expense | 7,043 | 20,940 | 6,526
Loss contract reserve change | (3,978) | (2,926) | (33,770)
Loss from contract termination |  |  | 6,563
Interest expense | 2,616 | 3,702 | 22,225
Total operating expense | 5,318 | 21,057 | 5,478
Net operating income (loss) | 78 | (15,057) | 3,070
Other (income) expense: |  |  |
Other (income) | (123) | (7,845) |
Unrealized (gain) loss on change in fair value of derivative embedded conversion feature | (201,499) | 54,621 |
Total other (income) expense | (201,622) | 46,776 |
Income (loss) before income taxes | 201,700 | (61,833) | 3,070
Net income (loss) | 201,700 | (61,833) | 3,070
Redeemable convertible series B preferred stock dividends | (18,000) | (17,748) |
Preferred deemed dividend |  |  | (9,455)
Net income (loss) attributable to common and participating stockholders | $ 183,700 | $ (79,581) | $ (6,385)
Basic net income (loss) per share attributable to common stockholders (Note 12) | $ 0.33 | $ (0.39) | $ (0.03)
Shares used in computing basic net income (loss) per share | 202,270,887 | 201,746,613 | 200,869,928
Diluted net income (loss) per share attributable to common stockholders (Note 12) | $ 0.30 | $ (0.39) | $ (0.03)
Shares used in computing diluted net income (loss) per share | 235,406,360 | 201,746,613 | 200,869,928

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