| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||
Gain on life insurance policies, net | ||||||||
75,320 | -14,105 | 62,114 | 67,801 | - | - | - | - | - |
MCA income | ||||||||
- | - | - | 929 | - | - | - | - | - |
Gain on life insurance policies, net | ||||||||
- | - | - | - | 39,381 | - | - | - | - |
Interest and other income | ||||||||
16,956 | 13,715 | 2,019 | 746 | 0 | - | - | - | - |
Gain on life settlements, net | ||||||||
- | - | - | - | - | 30,416 | 29,513 | 17,436 | 17,804 |
Gain on termination of agreement with Athena Securities Ltd. | ||||||||
- | - | - | - | - | - | 3,252 | - | - |
Interest and other income | ||||||||
- | - | - | - | 251 | 60 | 298 | 89 | 60 |
TOTAL REVENUE | ||||||||
92,276 | -390 | 64,133 | 69,477 | 39,632 | 30,476 | 33,064 | 17,525 | 17,864 |
EXPENSES | ||||||||
Interest expense | ||||||||
114,844 | 80,136 | 54,419 | 42,343 | 29,518 | 26,716 | 20,762 | 10,878 | 7,860 |
Employee compensation and benefits | ||||||||
28,309 | 17,407 | 14,869 | 11,784 | 8,010 | 4,969 | 5,043 | - | - |
Legal and professional fees | ||||||||
12,824 | 5,541 | - | - | - | - | - | - | - |
Employee compensation and benefits | ||||||||
- | - | - | - | - | - | - | 2,903 | 2,081 |
Legal and professional fees | ||||||||
- | - | 5,095 | 3,947 | 3,152 | 2,339 | 1,754 | 1,076 | 1,200 |
Provision for MCA advances | ||||||||
- | - | - | 600 | - | - | - | - | - |
Investment banking services | ||||||||
- | - | - | - | - | - | - | - | 3,595 |
Other expenses | ||||||||
15,896 | 15,995 | 12,478 | 10,076 | 7,784 | 4,815 | 3,525 | 2,486 | 1,646 |
TOTAL EXPENSES | ||||||||
171,873 | 119,079 | 86,863 | 68,752 | 48,465 | 38,841 | 31,085 | 17,345 | 16,383 |
LOSS BEFORE INCOME TAXES | ||||||||
-79,597 | -119,469 | -22,729 | 725 | -8,833 | -8,364 | 1,978 | 180 | 1,481 |
INCOME TAX BENEFIT | ||||||||
57,933 | - | -2,097 | 333 | -3,509 | -2,401 | 2,173 | 1,193 | 4,308 |
NET LOSS BEFORE LOSS FROM EQUITY METHOD INVESTMENT | ||||||||
-137,530 | -119,469 | -20,632 | - | - | - | - | - | - |
Loss from equity method investment | ||||||||
-4,077 | 18 | - | - | - | - | - | - | - |
Gain on consolidation of equity method investment (see Note 5) | ||||||||
249,716 | - | - | - | - | - | - | - | - |
NET LOSS | ||||||||
108,109 | -119,451 | -20,632 | 391 | -5,324 | -5,962 | -194 | -1,012 | -2,826 |
Less: Preferred stock dividends | ||||||||
16,943 | 16,663 | 12,702 | 3,537 | 2,069 | - | - | - | - |
Loss attributable to preferred shareholders | ||||||||
- | - | - | - | - | -138 | -806 | - | - |
Accretion of preferred stock to liquidation value | ||||||||
- | - | - | - | - | - | - | 1,578 | 0 |
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | ||||||||
91,166 | -136,114 | -33,334 | -3,145 | -7,393 | -6,101 | -1,001 | -2,591 | -2,826 |
NET LOSS PER COMMON SHARE | ||||||||
Basic | ||||||||
2.76 | -22.32 | -5.72 | -0.53 | -1.25 | -1.24 | -0.21 | - | - |
Diluted | ||||||||
2.65 | -22.32 | -5.72 | -0.53 | -1.25 | -1.24 | -0.21 | - | - |
Net income (loss) | ||||||||
- | - | - | - | - | - | - | -0.10 | -0.30 |
Accretion of preferred stock to liquidation value | ||||||||
- | - | - | - | - | - | - | -0.16 | 0.00 |
Net loss per share attributable to common shareholders | ||||||||
- | - | - | - | - | - | - | -0.26 | -0.30 |
INCOME BEFORE INCOME TAXES | ||||||||
- | - | - | - | - | - | - | - | 1,481 |
INCOME TAX EXPENSE | ||||||||
- | - | - | - | - | - | - | - | 582 |
NET INCOME | ||||||||
- | - | - | - | - | - | - | - | 899 |
Basic | ||||||||
- | - | - | - | - | - | - | - | 0.09 |
Diluted | ||||||||
- | - | - | - | - | - | - | - | 0.09 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | ||||||||
Basic | ||||||||
33,016 | 6,098 | 5,826 | 5,967 | 5,906 | 4,909 | 4,758 | - | - |
Diluted | ||||||||
35,219 | 6,098 | 5,826 | 5,967 | 5,906 | 4,909 | 4,758 | - | - |
Basic and diluted | ||||||||
- | - | - | - | - | - | - | 9,989 | 9,468 |
Basic | ||||||||
- | - | - | - | - | - | - | - | 9,468 |
Diluted | ||||||||
- | - | - | - | - | - | - | - | 9,909 |