2015 Form 10-K Financial Statement

#000101041215000084 Filed on June 15, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q1 2014
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.338M $920.0K $2.280M
YoY Change 2.56% 1214.29% 2180.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses -$116.2K $70.00K $1.770M
YoY Change -106.57% -28.63% 1670.0%
Operating Profit $116.2K -$1.770M
YoY Change -106.57%
Interest Expense $287.2K -$20.00K $122.5K
YoY Change 134.54% -404.09% -1324.52%
% of Operating Profit 247.14%
Other Income/Expense, Net -$263.0K -$850.0K $1.563M
YoY Change -116.82% 12823.83%
Pretax Income -$146.7K -$90.00K -$206.1K
YoY Change -28.81% -14.0% 106.14%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$146.7K -$90.00K -$206.1K
YoY Change -28.81% -14.0% 106.14%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$3.402K -$1.966K -$4.934K
COMMON SHARES
Basic Shares Outstanding 42.92M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 2014 Q1 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $336.4K $380.0K $380.0K
YoY Change -11.48% -30.91% -30.91%
Cash & Equivalents $336.4K $375.2K $380.0K
Short-Term Investments
Other Short-Term Assets $1.880K $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $2.000K
Receivables
Other Receivables
Total Short-Term Assets $338.3K $377.2K $380.0K
YoY Change -10.99% -30.84% -30.91%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.14M $15.83M $15.83M
YoY Change 65.14% 151.27% 151.27%
Other Assets $16.43K $3.585M $10.00K
YoY Change 64.3%
Total Long-Term Assets $26.37M $16.70M $16.70M
YoY Change 57.89% 165.17% 165.5%
TOTAL ASSETS
Total Short-Term Assets $338.3K $377.2K $380.0K
Total Long-Term Assets $26.37M $16.70M $16.70M
Total Assets $26.71M $17.08M $17.08M
YoY Change 56.36% 149.55% 149.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $255.4K $52.92K $50.00K
YoY Change 410.72% -40.6% -44.44%
Accrued Expenses $181.9K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.327M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $1.500M $90.00K $90.00K
YoY Change 1566.67%
Total Short-Term Liabilities $3.264M $142.9K $140.0K
YoY Change 2231.54% -95.38% -95.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.460M $1.460M
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $1.460M $1.460M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.264M $142.9K $140.0K
Total Long-Term Liabilities $0.00 $1.460M $1.460M
Total Liabilities $3.264M $1.599M $1.600M
YoY Change 104.01% -48.35% -48.39%
SHAREHOLDERS EQUITY
Retained Earnings -$310.8K
YoY Change 196.98%
Common Stock $15.09M
YoY Change 36896.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.44M $15.48M $15.48M
YoY Change
Total Liabilities & Shareholders Equity $26.71M $17.08M $17.08M
YoY Change 56.36% 149.55% 149.71%

Cashflow Statement

Concept 2015 2014 Q1 2014
OPERATING ACTIVITIES
Net Income -$146.7K -$90.00K -$206.1K
YoY Change -28.81% -14.0% 106.14%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.999M -$870.0K -$10.47M
YoY Change -80.91% -73.82% 215.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $400.0K $0.00 -$860.0K
YoY Change -146.51%
Cash From Investing Activities $400.0K $0.00 -$860.0K
YoY Change -146.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0K $10.46M
YoY Change -98.57% 170.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.560M 1.120M 11.16M
YoY Change -86.02% -71.05% 188.37%
NET CHANGE
Cash From Operating Activities -1.999M -870.0K -10.47M
Cash From Investing Activities 400.0K 0.000 -860.0K
Cash From Financing Activities 1.560M 1.120M 11.16M
Net Change In Cash -38.84K 250.0K -170.0K
YoY Change -77.15% -54.16% -130.91%
FREE CASH FLOW
Cash From Operating Activities -$1.999M -$870.0K -$10.47M
Capital Expenditures
Free Cash Flow
YoY Change

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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Estimates,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of financial statements in conformity with</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160; Actual results could differ from those estimates.</font></p> </div>
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><strong>(3) NEW ACCOUNTING PRONOUNCEMENTS</strong></font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In May 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standard Update (&#147;ASU&#148;) 2014-09 &#150; Revenue from Contracts with Customers, which provides a single, comprehensive revenue recognition model for all contracts with customers. 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Under current standards, debt issuance costs are generally recorded as an asset and amortization of these deferred financing costs is recorded in interest expense.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ASU 2015-03 is effe</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ctive for the Company on January 1</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2016, and will be applied on a retrospective basis.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company is currently evaluating the impact this guidance will have on our consolidated financial statements</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.</font></p></div>
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CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
5436000 USD
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Next Twelve Months
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInNextTwelveMonths
11737717 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Expenses Plus Interest In Next Twelve Months
LifeSettlementContractsInvestmentMethodExpensesPlusInterestInNextTwelveMonths
8882609 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Next Twelve Months
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInNextTwelveMonths
20620326 USD
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Two
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearTwo
11167772 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Expenses Plus Interest To Be Paid In Year Two
LifeSettlementContractsInvestmentMethodExpensesPlusInterestToBePaidInYearTwo
7451554 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Two
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearTwo
18619326 USD
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Three
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearThree
10994514 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Expenses Plus Interest To Be Paid In Year Three
LifeSettlementContractsInvestmentMethodExpensesPlusInterestToBePaidInYearThree
8055022 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Four
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearFour
19975939 USD
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Five
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearFive
11777714 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Expenses Plus Interest To Be Paid In Year Five
LifeSettlementContractsInvestmentMethodExpensesPlusInterestToBePaidInYearFive
6135891 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Five
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearFive
17913605 USD
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Five Year Disclosure Premiums To Be Paid
LifeSettlementContractsInvestmentMethodFiveYearDisclosurePremiumsToBePaid
104241637 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Expenses Plus Interest To Be Paid Total
LifeSettlementContractsInvestmentMethodExpensesPlusInterestToBePaidTotal
68714231 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaid
172955868 USD
CY2015 sund Life Settlement Contracts Matured During Period
LifeSettlementContractsMaturedDuringPeriod
8000000 USD
CY2015 sund Life Settlement Contracts Investment Method Premiums Paid And Other Expenses
LifeSettlementContractsInvestmentMethodPremiumsPaidAndOtherExpenses
71855560 USD
CY2015Q1 sund Face Value Of Net Insurance Benefits Purchased Under Asset Transfer Agreement
FaceValueOfNetInsuranceBenefitsPurchasedUnderAssetTransferAgreement
400000000 USD
CY2015 sund Value Of Qualified Net Insurance Benefits
ValueOfQualifiedNetInsuranceBenefits
90600000 USD
CY2015 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4000000 USD
CY2015Q1 sund Total Cash Consideration That Would Be Paid By Company If All Net Insurance Benefits Are Provided Under Asset Transfer Agreement
TotalCashConsiderationThatWouldBePaidByCompanyIfAllNetInsuranceBenefitsAreProvidedUnderAssetTransferAgreement
8000000 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
24000000 USD
CY2015Q1 sund Total Notes Payable That Would Be Issued By Company If All Net Insurance Benefits Are Provided Under Asset Transfer Agreement
TotalNotesPayableThatWouldBeIssuedByCompanyIfAllNetInsuranceBenefitsAreProvidedUnderAssetTransferAgreement
12000000 USD
CY2015 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y
CY2015Q1 sund Value Of Net Insurance Benefits Required To Be Delivered Per Asset Transfer Agreement
ValueOfNetInsuranceBenefitsRequiredToBeDeliveredPerAssetTransferAgreement
300000000 USD
CY2015 sund Advance To Consultant For Services
AdvanceToConsultantForServices
25000 USD
CY2013Q2 sund Maximum Number Of Common Shares Offered Through Private Placement
MaximumNumberOfCommonSharesOfferedThroughPrivatePlacement
3000000 shares
CY2013Q2 us-gaap Share Price
SharePrice
5.00
CY2014 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
11792500 USD
CY2014 us-gaap Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
2358500 shares
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2218500 shares
CY2014Q1 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
140000 shares
CY2014Q1 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
700000 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
841651 USD
CY2014 sund Warrant Term
WarrantTerm
P2Y
CY2014Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
70000 shares
CY2014Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2014Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
150000 USD
CY2014Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
74255 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
91529 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
676558 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
485850 USD
CY2015 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-742224 USD
CY2014 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-533006 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
65666 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-47156 USD
CY2015Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2014Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
USD
CY2015Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1574512 USD
CY2014Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
760250 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
512465 USD
CY2014Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
356608 USD
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
358117 USD
CY2014Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
303518 USD
CY2015Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1728860 USD
CY2014Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
813340 USD
CY2015Q1 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
1728860 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
813340 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-49892 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-70087 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4842 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6803 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
135 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2395 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-188209 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
54599 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
262704 USD
CY2015Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4221212 USD
CY2014Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2038201 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
417846 USD
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
691084 USD
CY2015 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M2D
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2013Q1 sund Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2185000 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.54
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.85
CY2014 sund Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm2
P4Y6M
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
3374450 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
CY2014 sund Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm2
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresWeightedAverageGrantDateFairValue
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodIntrinsicValue
USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2185000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.54
CY2014Q1 sund Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
1.85
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3374450 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1072500 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.54
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.85
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1656338 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2015 sund Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm2
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
USD
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
CY2015 sund Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm2
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresWeightedAverageGrantDateFairValue
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodIntrinsicValue
USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2185000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.54
CY2015Q1 sund Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
1.85
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3374450 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1506875 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.54
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.85
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y6M
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2327174 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2185000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.54
CY2015Q1 sund Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageGrantDateFairValue
1.85
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y6M
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
3374450 USD
CY2013Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
70000 shares
CY2015Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
70000 shares
CY2015Q1 us-gaap Share Price
SharePrice
5.00
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
shares
CY2013Q1 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedOutstandingWeightedAverageExercisePrice
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
70000 shares
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value Extended
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValueExtended
USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Exercise Price Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePriceForfeitures
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageRemainingContractualTerms
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled Or Expired In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsCancelledOrExpiredInPeriodIntrinsicValue
USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
70000 shares
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
70000 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Exercise Price Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePriceGranted
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Granted Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedWeightedAverageRemainingContractualTerms
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value Extended
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValueExtended
USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.92
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P1Y2M1D
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5.00
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.92
CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageRemainingContractualTerms
P1Y2M1D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedOutstandingWeightedAverageExercisePrice
5.00
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70000 shares
CY2015Q1 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedOutstandingWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.92
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePriceGranted
5.00
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2014 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Granted Weighted Average Remaining Contractual Terms
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CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Weighted Average Exercise Price
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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1.92
CY2015 sund Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Remaining Contractual Terms
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CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
3748895 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11092499 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2014 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
700000 USD
CY2014 sund Stockholders Equity Subscriptions Reveivable Increase
StockholdersEquitySubscriptionsReveivableIncrease
31775 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
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CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000 USD
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417847 USD
CY2015 sund Adjustments To Additional Paid In Capital Removal Of Expired Subscription
AdjustmentsToAdditionalPaidInCapitalRemovalOfExpiredSubscription
USD
CY2015 sund Adjustments To Additional Paid In Capital Common Stock To Be Issued For Net Insurance Benefits
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7540000 USD
CY2015 sund Stock Issued During Period Value Issuance Of Stock To Be Issued
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EntityPublicFloat
89225317 USD
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1766374 shares
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid In Next Twelve Months
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidInNextTwelveMonths
2555383 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest In Next Twelve Months
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestInNextTwelveMonths
1072007 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Next Twelve Months
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInNextTwelveMonths
3627390 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing In Next Twelve Months
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingInNextTwelveMonths
item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing In Year Two
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingInYearTwo
item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing In Year Three
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingInYearThree
2 item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing In Year Four
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingInYearFour
item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing In Year Five
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingInYearFive
item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral Maturing After Year Five
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateralMaturingAfterYearFive
10 item
CY2015Q1 sund Life Settlement Contracts Investment Method Number Of Contracts Held As Collateral
LifeSettlementContractsInvestmentMethodNumberOfContractsHeldAsCollateral
12 item
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing In Next Twelve Months
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingInNextTwelveMonths
USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing In Year Two
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingInYearTwo
USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing In Year Three
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingInYearThree
15000000 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing In Year Four
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingInYearFour
USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing In Year Five
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingInYearFive
USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral Maturing After Year Five
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateralMaturingAfterYearFive
79000000 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Face Value Held As Collateral
LifeSettlementContractsInvestmentMethodFaceValueHeldAsCollateral
94000000 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid In Year Two
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidInYearTwo
2749390 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid In Year Two
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidInYearTwo
1452308 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Two
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearTwo
4201698 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid In Year Three
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidInYearThree
2859707 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid In Year Three
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidInYearThree
1197036 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Three
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearThree
4056743 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid In Year Four
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidInYearFour
2939673 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid In Year Four
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidInYearFour
1241008 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Four
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearFour
4180681 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid In Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidInYearFive
2772138 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid In Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidInYearFive
1199873 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid In Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidInYearFive
3972011 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Five Year Disclosure Premiums To Be Paid
LifeSettlementContractsHeldAsCollateralInvestmentMethodFiveYearDisclosurePremiumsToBePaid
19331188 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid Total
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidTotal
14757547 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaid
34088735 USD
CY2014Q4 sund Refund Of Advance For Investments In Net Insurance Benefits
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904274 USD
CY2015Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
187500 shares
CY2015Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
8
CY2015Q1 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid After Year Five
LifeSettlementContractsInvestmentMethodPremiumsToBePaidAfterYearFive
46014310 USD
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LifeSettlementContractsInvestmentMethodExpensesPlusInterestToBePaidAfterYearFive
30762826 USD
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DebtInstrumentCarryingAmount
1110000 USD
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NotesPayableRelatedPartiesClassifiedCurrent
1362000 USD
CY2015Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
138000 USD
CY2015 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.075 pure
CY2015 us-gaap Loan Processing Fee
LoanProcessingFee
180000 USD
CY2015Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
37350 USD
CY2015 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-04-01
CY2015 us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
187500 item
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
30000 shares
CY2014Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000 USD
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1130000 shares
CY2015Q1 us-gaap Notes Payable
NotesPayable
1493254 USD
CY2015Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9040000 USD
CY2015Q1 sund Life Settlement Contracts Investment Method Premiums Plus Expenses Plus Interest To Be Paid After Year Five
LifeSettlementContractsInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidAfterYearFive
76777136 USD
CY2015Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
7546746 USD
CY2014Q1 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
349196882 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums To Be Paid After Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsToBePaidAfterYearFive
5454897 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Expenses Plus Interest To Be Paid After Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodExpensesPlusInterestToBePaidAfterYearFive
8595315 USD
CY2015Q1 sund Life Settlement Contracts Held As Collateral Investment Method Premiums Plus Expenses Plus Interest To Be Paid After Year Five
LifeSettlementContractsHeldAsCollateralInvestmentMethodPremiumsPlusExpensesPlusInterestToBePaidAfterYearFive
14050212 USD
CY2015Q1 sund Total Consideration That Would Be Paid By Company If All Net Insurance Benefits Are Provided Under Asset Transfer Agreement
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20000000 USD
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DebtInstrumentInterestRateStatedPercentage
0.040 pure
CY2015Q1 us-gaap Other Notes Payable
OtherNotesPayable
12000000 USD
CY2015 us-gaap Operating Loss Carryforwards Expiration Date
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2021-12-31
CY2015Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2015 sund Liquidity And Capital Requirements Disclosure Textblock
LiquidityAndCapitalRequirementsDisclosureTextblock
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>(15)<font style="mso-spacerun: yes;">&#160; </font>LIQUIDITY AND CAPITAL REQUIREMENTS</b></font></p> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>&#160;</b></font></p> <p style="margin: 0in 0in 0pt; text-align: justify; text-indent: 0.5in; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Under the current business plan, the Company purchases life insurance policies and residual interests in or financial products tied to life insurance policies&#160;when they fit its model and its cash flows are sufficient to fund those purchases (with exception of the Del Mar ATA&#160;wherein the Company committed to purchase a certain number of Qualified NIBs as Del Mar made them available (see Note 16 below for a description of events subsequent to year end relating to the Del Mar ATA). <font style="mso-spacerun: yes;">&#160;</font>The Company expects to finance&#160;NIB purchases, as well as its operating working capital requirements, with proceeds from planned public and/or private offerings of its securities and debt financing. There can be no assurance that the Company will be successful in the anticipated equity and debt offerings or that it will be successful in raising additional capital in the future on terms acceptable to the Company, or at all.</font></p> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p> <p style="margin: 0in 0in 0pt; text-align: justify; text-indent: 0.5in; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">If the Company is unable to raise sufficient capital through the planned securities and debt offerings or other alternative sources of financing, management will curtail NIB purchases. Under this plan, expenditures for NIBs will be curtailed. The Company believes that it will be able to fund its operating working capital requirements with existing line-of-credit and debentures agreements.</font></p> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p> <p style="margin: 0in 0in 0pt; text-align: justify; text-indent: 0.5in; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-size: 10pt;">The accompanying financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business. To continue as a going concern beyond the year ended March 31, 2016, and in order to continue to purchase NIBs, the Company will need to complete planned securities and debt offerings or obtain alternative sources of financing. Absent additional financing, the Company will not have the resources to execute its current business plan.</font></p> </div>

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