• Filing Date: 2018-05-10
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income    
Change in fair value of life settlements (Notes 8 & 14) $ 5,444 $ 25,540
Other income 147 50
Total income 5,591 25,590
Expenses    
Interest expense 7,604 7,535
Change in fair value of Revolving Credit Facility (Notes 9 & 14) (2,389) 11,831
Personnel costs 766 1,085
Legal fees 1,723 995
Professional fees 1,239 1,604
Insurance 197 192
Other selling, general and administrative expenses 445 464
Total expenses 9,585 23,706
Income (loss) from continuing operations before income taxes (3,994) 1,884
(Benefit) provision for income taxes 0 0
Net income (loss) from continuing operations (3,994) 1,884
Discontinued Operations:    
Income (loss) from discontinued operations before income taxes (1) (189)
(Benefit) provision for income taxes 0 0
Net income (loss) from discontinued operations (1) (189)
Net income (loss) $ (3,995) $ 1,695
Basic and Diluted income (loss) per share:    
Continuing operations (in dollars per share) $ (0.03) $ 0.07
Discontinued operations (in dollars per share) 0.00 (0.01)
Net income (loss) - basic and diluted (in dollars per share) $ (0.03) $ 0.06
Weighted average shares outstanding:    
Basic and diluted (in shares) 155,789,599 28,148,632