Gwg holdings, inc. (GWGH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
NET LOSS

-77,516

164,457

-20,403

-21,330

-14,614

-99,693

-10,522

-57

-9,178

-10,830

-4,062

-5,694

-45

-1,719

-1,956

2,482

1,585

-2,704

-3,631

-2,250

3,261

1,925

-3,400

-2,586

-1,901

-389

-1,628

1,756

67

951

-113

301

-2,152

-

-

-

-

Adjustments to reconcile net loss to net cash flows from operating activities:
Change in fair value of life insurance policies

12,177

983

14,180

18,279

15,571

-

24,839

14,573

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of life insurance policies

-

-

-

-

-

-

-

-

16,645

17,459

20,181

15,235

13,883

16,736

21,073

21,241

11,531

12,719

14,516

14,028

-1,893

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,266

-1,817

3,230

Gain on life settlements, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,954

8,761

10,852

11,358

13,433

6,960

7,449

11,494

9,607

8,881

4,575

4,791

6,512

7,236

7,196

8,379

Amortization of deferred financing and issuance costs

4,211

3,821

3,460

3,421

3,100

2,795

2,575

2,402

2,263

2,272

2,344

1,497

2,666

2,367

2,765

2,527

784

1,820

1,933

507

-549

1,233

863

1,354

353

-586

1,125

837

1,093

605

394

342

567

318

1,432

58

193

Amortization of upfront fees

1,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt premiums

-473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and depreciation on long-lived assets

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discount on financing receivable from affiliate

-

-427

-427

-445

-419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest income

13,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectible policy benefit receivable

-

-

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-1,530

-3,705

955

599

-1,927

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment banking services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,595

-

-

Deferred income tax

-17,717

-

-

-

-

-

-

-

-

4,384

-2,764

-3,717

-0

-1,145

-1,428

1,851

1,055

-2,844

-1,916

-930

2,182

1,728

-1,858

-1,316

-954

462

-655

1,802

563

1,089

633

609

-1,139

1,944

-1,415

3,779

0

Equity-based compensation

69,448

366

700

-169

834

1,393

528

47

212

762

270

89

303

15

162

41

9

-15

176

0

33

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issued in lieu of cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

336

26

333

166

163

-502

173

146

188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-691

186

196

192

-446

185

178

83

-297

215

294

126

245

44

0

0

(Increase) decrease in operating assets:
Due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

Life insurance policy benefits receivable

-7,701

5,573

11,993

-3,623

-7,261

10,288

-16,562

14,732

-4,356

2,061

7,627

-2,005

3,630

-784

-700

-9,083

15,912

-

-2,142

-17,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees receivable

1,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on financing receivable

-

1,788

2,078

1,494

1,551

-

4,284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Policy benefits receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,890

-

300

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-368

499

-390

1,004

3,942

-5,893

-321

1,732

76

1,428

-929

-55

-1,426

810

-419

1,210

-173

-470

417

225

131

250

1,147

697

251

-2,613

-432

4,164

-551

187

115

298

267

423

434

-785

-261

Decrease in operating liabilities:
Increase (decrease) in operating liabilities:
Other accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-89

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

-1,814

1,712

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other accrued expenses

-1,103

135

-3,679

-1,424

-3,328

3,975

1,390

494

-1,758

-

-85

1,400

1,209

-

-3,216

-775

1,967

-

2,534

-1,333

2,635

-

-

-

-

-

-

-

-

-

791

101

557

-

-436

-591

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-587

Interest and dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

NET CASH FLOWS USED IN OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

490

1,890

1,277

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

470

402

1,290

-

-

-

-

-

-

-

-

NET CASH FLOWS USED IN OPERATING ACTIVITIES

-40,632

-29,855

-48,966

-37,704

-26,303

-28,234

-18,267

-28,150

-20,826

-17,987

-31,447

-19,687

-11,920

-

-

-8,930

-20,001

-14,567

-13,697

-974

-8,407

-4,572

-13,327

-12,311

-12,642

-9,874

-7,031

-6,635

-7,844

-9,768

-7,075

-3,224

-7,100

-1,628

-6,716

-6,553

-5,363

CASH FLOWS FROM INVESTING ACTIVITIES
Investment in life insurance policies

-

118

710

4,145

27,392

30,062

42,891

30,248

25,299

21,322

25,199

19,432

22,689

20,482

25,770

24,373

24,326

15,056

13,626

7,777

2,446

732

680

2,608

8,271

8,080

14,030

2,972

9,913

7,083

5,361

1,468

1,153

366

1,377

5,552

4,634

Carrying value of matured life insurance policies

6,035

12,580

6,639

5,343

8,701

7,206

2,325

6,148

5,083

8,352

2,333

3,014

2,368

3,611

1,078

1,691

4,610

688

80

132

3,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of fixed assets

481

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

5,417

-

-

10,000

-

-

1,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in loans receivable

-10,614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivables from affiliate issued

-

-

-

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Secured MCA advances

-

-

-

-

-

-

-

-

-

-

-

-

-

1,114

1,965

1,293

4,353

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Secured MCA advances

-

-

-

-

-

-

-

-

-

-

-

-

770

1,306

220

907

118

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH FLOWS USED IN INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,436

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlement of life settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,186

930

68

0

360

1,331

1,382

1,490

650

0

416

0

-

-

-

-

Proceeds from settlement of life settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES

10,751

-66,405

5,929

-58,802

-18,691

-27,676

-41,986

-24,100

-20,216

-13,740

-22,866

-16,417

-19,549

-

-

-23,068

-23,951

-14,367

-13,546

-7,645

1,164

2,453

250

-2,539

-8,271

-7,720

-12,699

-1,590

-8,423

-6,433

-5,361

-1,052

-1,153

1,437

-1,377

-5,552

-4,634

CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on senior debt

14,074

-

3,937

-

-

-0

0

3,266

9,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of senior debt

-

2,107

2,079

17,195

2,373

13,755

18,425

32,347

12,691

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on (repayments of) senior debt

-

-

-

-

-

-

-

-

-

10,011

56,887

-3,845

-3,254

98,586

-10,761

-3,000

20,000

0

0

-7,150

0

-

0

0

-

0

0

0

8,000

5,000

0

3,500

2,500

4,314

7,510

6,627

4,462

Payments for issuance of senior debt

-

-

-

-

-

-

-

-

-

-

3,937

1,076

114

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redemption of Series I Secured Notes

-

-

-

-

-

-

-

-

-

0

6,815

4,348

5,449

1,205

541

485

5,237

383

890

2,344

1,273

220

509

670

868

2,429

2,311

2,423

1,507

2,165

1,843

1,918

1,550

6,330

-3,280

2,272

2,488

Payments for issuance of senior debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of L Bonds

109,053

125,158

107,012

45,241

125,985

97,883

68,884

60,536

36,661

-

30,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

50

2,490

-3,216

6,436

6,281

Proceeds from issuance of L Bonds

-

-

-

-

-

-

-

-

-

-

-

31,875

24,868

18,397

64,350

36,757

34,368

43,538

37,122

22,538

27,960

17,197

15,281

14,868

18,365

23,204

19,617

18,588

23,850

24,917

17,878

12,695

3,061

0

0

0

0

Payments for L Bonds issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,887

14,373

11,753

10,909

-24,876

19,363

6,134

6,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance and redemption of L Bonds

30,532

8,151

61,679

23,003

23,974

1,875

20,195

13,710

12,245

-

19,752

15,025

24,171

-

-

-

-

-

-

-

-

612

4,494

4,393

4,928

-1,498

4,305

3,033

2,303

1,397

914

712

0

-

0

0

-

Issuance (repurchase) of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,030

0

-

-

0

3,252

-

-

-

-

-

-

-

-

-

Proceeds from (increase in) restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,138

-4,527

8,667

-17,486

4,929

651

3,410

-7,037

-2,151

665

43

2,979

-2,323

954

2,160

-4,531

-668

3,427

-3,282

3,224

-1,997

774

1,389

257

Issuance (repurchase) of common stock

-

-

-

-

-

-

-

-

-

0

-0

-0

1,603

0

-31

-166

-46

0

0

-582

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance (repurchase) of common stock

18

1

0

326

-269

-

682

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

4

-

-

Proceeds from issuance of convertible preferred stock

-

-

-

-

-

-

50,000

-

-

-

-

34,301

27,179

25,824

20,786

9,472

1,028

0

0

0

0

-

-445

-20

-

-266

-35

-125

-186

126

500

1,350

4,436

2,543

1,670

0

0

Proceeds from issuance of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

25,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of redeemable preferred stock

-

-

-

-

-

-0

0

14,372

41,865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redeemable preferred stock issuance costs

-

-

-

-

-

-0

0

984

3,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-558

810

798

274

956

0

0

Payments for redemption of preferred stock

15,233

7,926

2,920

2,395

819

95

821

1,212

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,306

-

-

Common stock dividends

-

-

-

-

-

-

25,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance costs of preferred stock

-

-

-

-

-

-

-

-

-

-

47

1,372

386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

1,243

1,945

2,017

-33

2,556

845

772

0

21

273

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redemption of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

47

1,372

386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

3,952

4,137

4,231

4,278

4,296

4,306

4,313

4,338

3,704

5,255

3,548

2,031

1,867

1,383

1,041

600

511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,306

-

-

NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

73,428

121,706

40,038

-1,305

94,254

60,403

50,101

25,581

56,037

53,333

77,025

36,533

13,182

-

-

38,378

20,526

34,908

17,498

10,627

12,771

3,269

19,528

9,827

15,547

18,615

13,918

11,915

23,321

25,435

19,606

10,822

10,923

746

9,066

12,181

8,512

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

43,547

25,445

-2,999

-97,811

49,260

4,492

-10,152

-26,669

14,993

21,606

22,711

428

-18,288

59,713

1,394

6,380

-23,426

5,972

-9,745

2,007

5,527

1,150

6,452

-5,023

-5,366

1,020

-5,811

3,689

7,054

9,232

7,169

6,546

2,670

556

973

75

-1,484

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid

32,532

27,049

25,719

25,830

23,604

22,467

17,340

13,776

13,475

3,718

17,478

14,323

10,471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,839

1,313

1,149

-

1,090

1,054

1,058

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,808

10,294

6,453

-

-

-

-

-

5,095

-

-

-

3,605

3,214

-

-

-

-

-

-

-

-

-

Interest and preferred dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,385

7,041

6,102

-

-

3,531

4,250

-

-

-

3,298

-

-

-

-

-

-

-

-

Premiums paid, including prepaid

16,825

16,881

16,684

15,789

19,113

10,569

14,672

12,393

11,833

19,938

12,927

11,646

10,960

11,014

11,785

8,995

8,445

7,581

6,603

6,141

6,325

-

5,692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for exercised stock options

-

-

-

-

-

-

-

0

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for exercised stock options

-

-

-

-

-

-

-

-

-

-

164

100

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivable from affiliate acquired

-

-

-

-

-

-

190,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable note acquired and converted to equity method investment

-

-

-

-

-

-

171,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investment acquired

-

-

-

-

-

-

40,648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Seller Trust L Bonds issued

-

-

-

-

-

-

403,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170

171

168

177

172

150

184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash conversion of Series I Secured Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

-

-

0

0

1,130

3,090

2,381

7,189

0

0

Non-cash conversion of accrued interest payable on Series I Secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

202

0

-

Warrants issued to purchase common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Options issued to purchase common stock

-

-

-

-

-

-

290

-

-

-

76

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of accrued interest and commission payable to principal

-

-

-

-

-

-

-

-

-

-

-

-

-

1

47

142

44

15

61

86

41

-1

47

40

65

-

-

-

-

-

-

-

-

-

-

-

-

L Bonds:
Conversion of accrued interest and commissions payable to principal

660

674

214

238

634

269

410

219

342

374

477

397

508

473

854

370

291

-122

491

219

218

38

133

162

119

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

0

0

125

4,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

545

657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of maturing L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash conversion of accrued interest and commissions payable to principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

86

61

-

43

4

37

-

-

-

-

Non-cash conversion of accrued interest and commission payable to principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

59

41

-

0

37

0

-

-

-

-

Preferred Stock:
Issuance of Series A Preferred Stock in lieu of cash dividends

-

-

-

-

-

-

-

-

-

-

161

166

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

545

657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Options and stock appreciation rights issued

-

-

-

-

-

-

290

-

-

-

76

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance policies included in accounts payable

-

-

4

-

2,914

-

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business combination measurement period adjustment:
Reduction in loans receivable (see Note 4)

14,590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,957

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

192

193

188

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

118

101

126

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance policies included in accounts payable

-

-

-

788

-

-

-

990

1,350

414

966

1,296

1,237

-3,329

1,603

780

1,551

-

-

-

-

-

0

75

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance contracts included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

559

61

87

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

178

84

-

160

138

112

-

0

0

-

Non-cash conversion of accrued interest payable on Series I secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Non-cash accretion of convertible, redeemable preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

192

209

258

-

378

435

340

-

-

0

0

Investment in life settlements included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

262

-

-

-

-

-

-

-

-

-

Non-cash conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Non-cash conversion of accrued interest payable on Series I secured notes to principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

0

0

Conversion from LLC to corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,871

-

Investment In Life Settlements Included In Accounts Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340

108

-

-

701

0

-

Non-cash conversion of accrued interest payable on Series I secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

202

0

-