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v3.8.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Revenues: |  |
Premiums earned | $ 23 | $ 430
Net investment income | 2,170 | 1,180
Total revenues | 2,193 | 1,610
Operating expenses: |  |
Losses and loss adjustment expense | 62 | 94
Ceding commission expense |  | 50
General and administrative expense | 7,714 | 2,012
Loss contract reserve reduction |  | (916)
Interest expense |  | 610
Total operating expenses | 7,776 | 1,850
Net operating loss | (5,583) | (240)
Other income: |  |
Gain on change in fair value of derivative embedded conversion feature |  | (18,029)
Total other income |  | (18,029)
(Loss) income before income taxes | (5,583) | 17,789
Net (loss) income | (5,583) | 17,789
Redeemable convertible series B preferred stock dividends | (200) | (4,500)
Net (loss) income attributable to common and participating stockholders | $ (5,783) | $ 13,289
Basic net (loss) income per share attributable to common stockholders (Note 12) | $ (0.03) | $ 0.02
Shares used in computing basic net (loss) income per share | 202,692,144 | 202,423,969
Diluted net (loss) income per share attributable to common stockholders (Note 12) | $ (0.03) | $ 0.02
Shares used in computing diluted net (loss) income per share | 202,692,144 | 213,623,959

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