Gwg holdings, inc. (GWGH)
CashFlow / TTM
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

45,207

108,109

-156,041

-146,160

-124,886

-119,451

-30,588

-24,128

-29,765

-20,632

-11,521

-9,415

-1,238

391

-592

-2,267

-7,000

-5,324

-694

-463

-799

-5,962

-8,277

-6,506

-2,163

-194

1,146

2,662

1,207

-1,012

0

0

0

-

-

-

-

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

45,621

49,015

72,870

73,263

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of life insurance policies

-

-

-

-

-

-

-

-

69,522

66,760

66,037

66,928

72,934

70,582

66,565

60,009

52,796

39,371

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gain on life settlements, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,928

44,406

42,604

39,201

39,337

35,512

37,433

34,560

27,856

24,761

23,116

25,736

29,325

0

0

0

Amortization of deferred financing and issuance costs

14,915

13,804

12,778

11,892

10,873

10,037

9,513

9,282

8,377

8,780

8,876

9,297

10,327

8,445

7,898

7,066

5,045

3,712

3,125

2,055

2,902

3,804

1,984

2,247

1,730

2,470

3,661

2,930

2,435

1,908

1,622

2,660

2,376

2,002

0

0

0

Amortization of upfront fees

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt premiums

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and depreciation on long-lived assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discount on financing receivable from affiliate

-

-1,720

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest income

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectible policy benefit receivable

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-3,680

-4,077

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment banking services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Deferred income tax

0

-

-

-

-

-

-

-

-

-2,097

-7,627

-6,291

-722

333

-1,366

-1,854

-4,636

-3,509

1,063

1,121

735

-2,401

-3,666

-2,464

655

2,173

2,800

4,089

2,896

1,193

2,048

-0

3,168

4,308

0

0

0

Equity-based compensation

70,346

1,732

2,758

2,586

2,803

2,182

1,551

1,293

1,334

1,424

677

569

521

227

197

211

170

194

253

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issued in lieu of cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

862

689

161

1

-18

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-116

128

127

108

0

149

179

296

338

881

711

416

290

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Life insurance policy benefits receivable

6,243

6,683

11,397

-17,158

1,197

4,102

-4,124

20,065

3,327

11,313

8,467

140

-6,937

5,345

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees receivable

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on financing receivable

-

6,913

9,408

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Policy benefits receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

746

5,056

-1,336

-1,268

-540

-4,406

2,915

2,308

520

-982

-1,600

-1,091

174

1,427

147

985

-0

304

1,025

1,754

2,226

2,347

-517

-2,097

1,369

566

3,367

3,916

50

869

1,105

1,423

340

-188

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other accrued expenses

-6,072

-8,297

-4,456

612

2,532

4,102

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest and dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

NET CASH FLOWS USED IN OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

NET CASH FLOWS USED IN OPERATING ACTIVITIES

-157,159

-142,830

-141,208

-110,509

-100,955

-95,479

-85,231

-98,411

-89,948

-81,042

0

0

0

-

-

-57,197

-49,241

-37,647

-27,651

-27,281

-38,619

-42,854

-48,156

-41,860

-36,184

-31,385

-31,279

-31,324

-27,912

-27,168

-19,028

-18,669

-21,998

-20,261

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Investment in life insurance policies

-

32,367

62,311

104,492

130,595

128,503

119,762

102,070

91,254

88,643

87,803

88,374

93,315

94,952

89,526

77,382

60,786

38,906

24,583

11,636

6,467

12,292

19,640

32,990

33,355

34,997

34,000

25,331

23,827

15,067

8,349

4,365

8,448

11,929

0

0

0

Carrying value of matured life insurance policies

30,599

33,265

27,891

23,577

24,381

20,764

21,910

21,917

18,783

16,069

11,328

10,074

8,751

10,992

8,069

7,070

5,511

4,511

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of fixed assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

0

-

-

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in loans receivable

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivables from affiliate issued

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Secured MCA advances

-

-

-

-

-

-

-

-

-

-

-

-

-

8,727

7,613

5,647

4,353

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Secured MCA advances

-

-

-

-

-

-

-

-

-

-

-

-

3,205

2,553

0

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH FLOWS USED IN INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlement of life settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,185

1,359

1,760

3,073

4,563

4,854

3,522

2,557

1,067

0

0

0

-

-

-

-

Proceeds from settlement of life settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES

-108,527

-137,969

-99,240

-147,155

-112,454

-113,980

-100,044

-80,923

-73,240

-72,574

0

0

0

-

-

-74,934

-59,511

-34,395

-17,574

-3,776

1,328

-8,106

-18,281

-31,230

-30,281

-30,433

-29,146

-21,808

-21,270

-14,000

-6,129

-2,144

-6,645

-10,125

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on senior debt

0

-

0

-

-

12,903

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of senior debt

-

23,756

35,404

51,749

66,900

77,219

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on (repayments of) senior debt

-

-

-

-

-

-

-

-

-

59,799

148,374

80,725

81,571

104,825

6,238

17,000

12,850

-7,150

-7,150

-7,150

0

-

0

0

-

8,000

13,000

13,000

16,500

11,000

10,314

17,824

20,952

22,914

0

0

0

Payments for issuance of senior debt

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redemption of Series I Secured Notes

-

-

-

-

-

-

-

-

-

16,613

17,819

11,544

7,681

7,469

6,647

6,996

8,855

4,891

4,728

4,346

2,673

2,268

4,476

6,279

8,032

8,671

8,407

7,939

7,434

7,477

11,642

6,518

6,872

7,810

0

0

0

Payments for issuance of senior debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of L Bonds

386,465

403,397

376,122

337,994

353,288

263,965

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,540

-676

5,760

11,991

0

0

0

Proceeds from issuance of L Bonds

-

-

-

-

-

-

-

-

-

-

-

139,492

144,374

153,874

179,015

151,787

137,567

131,159

104,817

82,977

75,307

65,713

71,720

76,055

79,775

85,260

86,974

85,235

79,342

58,553

33,635

15,757

3,061

0

0

0

0

Payments for L Bonds issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

10,149

12,160

17,150

11,531

7,499

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance and redemption of L Bonds

123,367

116,809

110,532

69,048

59,755

48,027

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

14,429

12,318

12,129

10,768

8,143

11,039

7,648

5,327

3,024

1,627

712

0

-

0

0

-

Issuance (repurchase) of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from (increase in) restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-35,484

-8,416

-3,237

-8,495

1,954

-5,126

-5,112

-8,479

1,536

1,364

1,653

3,770

-3,739

-2,085

387

-5,054

2,701

1,372

-1,280

3,391

424

0

0

0

Issuance (repurchase) of common stock

-

-

-

-

-

-

-

-

-

1,603

1,603

1,572

1,405

-244

-244

-212

-628

-582

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance (repurchase) of common stock

346

59

740

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

Proceeds from issuance of convertible preferred stock

-

-

-

-

-

-

0

-

-

-

-

108,092

83,263

57,112

31,287

10,501

1,028

0

-445

-465

0

-

0

0

-

-613

-220

315

1,791

6,414

8,831

10,001

8,650

4,213

0

0

0

Proceeds from issuance of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of redeemable preferred stock

-

-

-

-

-

56,238

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redeemable preferred stock issuance costs

-

-

-

-

-

4,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,266

1,325

2,840

2,030

1,231

0

0

0

Payments for redemption of preferred stock

28,475

14,061

6,229

4,131

2,948

2,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Common stock dividends

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance costs of preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for issuance of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

5,173

6,486

5,385

4,140

4,174

1,639

1,067

295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for redemption of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

16,599

16,943

17,112

17,194

17,254

16,663

17,611

16,846

14,539

12,702

8,830

6,323

4,893

3,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

233,868

254,694

193,390

203,453

230,340

192,124

185,054

211,978

222,929

180,074

0

0

0

-

-

111,312

83,560

75,805

44,166

46,196

45,397

48,173

63,520

57,910

59,997

67,771

74,591

80,278

79,185

66,787

42,099

31,559

32,918

30,507

0

0

0

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-31,818

-26,105

-47,058

-54,211

16,931

-17,335

-221

32,643

59,740

26,457

64,564

43,247

49,199

44,061

-9,678

-20,818

-25,191

3,762

-1,059

15,138

8,107

-2,787

-2,917

-15,180

-6,468

5,952

14,165

27,145

30,002

25,618

16,941

10,745

4,274

120

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid

111,130

102,202

97,620

89,241

77,187

67,058

48,309

48,447

48,994

45,990

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Interest and preferred dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Premiums paid, including prepaid

66,179

68,467

62,155

60,143

56,747

49,467

58,836

57,091

56,344

55,471

46,547

45,405

42,754

40,239

36,806

31,624

28,770

26,650

24,761

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for exercised stock options

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for exercised stock options

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivable from affiliate acquired

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable note acquired and converted to equity method investment

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investment acquired

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Seller Trust L Bonds issued

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

686

688

667

683

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash conversion of Series I Secured Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

4,220

6,601

13,790

12,660

9,570

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

Warrants issued to purchase common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Options issued to purchase common stock

-

-

-

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of accrued interest and commission payable to principal

-

-

-

-

-

-

-

-

-

-

-

-

-

234

248

262

206

203

187

173

127

151

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

1,786

1,760

1,355

1,551

1,532

1,240

1,345

1,412

1,590

1,756

1,855

2,232

2,205

1,988

1,393

1,030

879

806

966

608

551

452

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

4,546

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of maturing L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of L Bonds to redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Options and stock appreciation rights issued

-

-

-

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance policies included in accounts payable

-

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

453

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance policies included in accounts payable

-

-

-

7,739

-

-

-

3,720

4,026

3,913

170

807

291

605

0

0

0

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance contracts included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

0

0

Investment in life settlements included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Non-cash conversion of dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Conversion from LLC to corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Investment In Life Settlements Included In Accounts Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-