• Filing Date: 2018-08-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
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
Income        
Change in fair value of life settlements (Notes 8 & 15) $ 5,475 $ 3,382 $ 10,920 $ 28,922
Other income 88 79 234 129
Total income 5,563 3,461 11,154 29,051
Expenses        
Interest expense 7,797 8,163 15,401 15,698
Change in fair value of White Eagle Revolving Credit Facility (Notes 9 & 15) 12 (1,785) (2,377) 10,046
Personnel costs 939 1,049 1,706 2,133
Legal fees 910 657 2,633 1,652
Professional fees 1,660 1,204 2,899 2,807
Insurance 199 198 396 390
Other selling, general and administrative expenses 529 449 974 913
Total expenses 12,046 9,935 21,632 33,639
Income (loss) from continuing operations before income taxes (6,483) (6,474) (10,478) (4,588)
(Benefit) provision for income taxes 3,120 0 3,120 0
Net income (loss) from continuing operations (9,603) (6,474) (13,598) (4,588)
Discontinued Operations:        
Income (loss) from discontinued operations before income taxes (4) (35) (5) (225)
(Benefit) provision for income taxes 0 0 0 0
Net income (loss) from discontinued operations (4) (35) (5) (225)
Net income (loss) $ (9,607) $ (6,509) $ (13,603) $ (4,813)
Basic and Diluted income (loss) per share:        
Continuing operations (in dollars per share) $ (0.06) $ (0.23) $ (0.09) $ (0.16)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (loss) - basic and diluted (in dollars per share) $ (0.06) $ (0.23) $ (0.09) $ (0.17)
Weighted average shares outstanding:        
Basic and diluted (in shares) 155,810,449 28,169,414 155,800,082 28,159,080