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v3.10.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Revenues: |  |  |  |
Premiums earned | $ 18 | $ 329 | $ 41 | $ 759
Net investment income | 3,059 | 1,703 | 5,229 | 2,883
Total revenues | 3,077 | 2,032 | 5,270 | 3,642
Operating expenses: |  |  |  |
Losses and loss adjustment (benefit) expense | (135) | 65 | (73) | 159
Ceding commission expense |  | 43 |  | 93
General and administrative expense | 5,208 | 1,786 | 12,922 | 3,798
Loss contract reserve reduction |  | (4,519) |  | (5,435)
Interest expense |  | 599 |  | 1,209
Total operating expenses | 5,073 | (2,026) | 12,849 | (176)
Net operating (loss) income | (1,996) | 4,058 | (7,579) | 3,818
Other expense: |  |  |  |
Loss on change in fair value of derivative embedded conversion feature |  | 25,382 |  | 7,353
Total other expense |  | 25,382 |  | 7,353
Loss before income taxes | (1,996) | (21,324) | (7,579) | (3,535)
Net loss | (1,996) | (21,324) | (7,579) | (3,535)
Redeemable convertible series B preferred stock dividends |  | (4,500) | (200) | (9,000)
Net loss attributable to common and participating stockholders | $ (1,996) | $ (25,824) | $ (7,779) | $ (12,535)
Basic net loss per share attributable to common stockholders (Note 12) | $ (0.01) | $ (0.13) | $ (0.04) | $ (0.06)
Shares used in computing basic net loss per share | 206,061,686 | 202,632,883 | 204,386,223 | 202,529,003
Diluted net loss per share attributable to common stockholders (Note 12) | $ (0.01) | $ (0.13) | $ (0.04) | $ (0.06)
Shares used in computing diluted net loss per share | 206,061,686 | 202,632,883 | 204,386,223 | 202,529,003

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