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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Cash flows from operating activities    
Net income/(loss) $ 12,438 $ (37,476)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 5 20
Change in fair value of investment in deconsolidated subsidiaries 0 33,965
Extinguishment of debt (2,815) 0
Stock-based compensation expense 31 98
Interest paid in kind on 8.5% Senior Secured Notes 0 779
Change in fair value of life settlements 0 (2)
Change in fair value of investment in limited partnership, net of distributions (7,351) 0
Gain on sale of life settlement (743) 0
Interest income (311) (56)
Prepaid expenses and other assets (1,696) 193
Accounts payable and accrued expenses (27) (524)
Operating lease assets, net of liabilities 8  
Other liabilities (46) (654)
Current tax liability 2,428
Net cash provided by (used in) operating activities 1,471 (3,831)
Cash flows from investing activities    
Purchase of fixed assets, net of disposals 0 (2)
Premiums paid on life settlements 0 (39)
Proceeds from sale of life settlements, net 2,041 0
Distributions from investment in life settlement portfolio 1,999 0
Net cash provided by (used) in investing activities 4,040 (41)
Cash flows from financing activities    
Proceeds from issue of 8.5% Senior Secured Notes 0 6,476
Repayment of 8.5% Convertible Notes (4,677) 0
Net cash provided by financing activities (4,677) 6,476
Net increase (decrease) in cash and cash equivalents 834 2,604
Cash and cash equivalents, at beginning of the period 24,283 1,209
Cash and cash equivalents, at end of the period 25,117 3,813
Supplemental disclosures of cash flow information:    
Cash paid for interest during the period 2,841 2,072
8.5% Convertible Notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of discount and deferred costs 0 21
Interest payable 0 25
5.0% Convertible Notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of discount and deferred costs 249 294
Interest payable (957) (948)
8.5% Senior Secured Notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of discount and deferred costs 258 121
Interest payable $ 0 $ 313