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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash flows from operating activities    
Net income/(loss) $ 16,074 $ 16,911
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 18 63
Change in fair value of investment in deconsolidated subsidiaries 0 (37,941)
Extinguishment of debt (2,815) 0
Stock-based compensation expense 74 290
Interest paid in kind on 8.5% Senior Secured Notes 0 2,842
Change in fair value of life settlements 0 37
Change in fair value of investment in limited partnership, net of distributions (20,601) 5,821
Gain on sale of life settlement (743) 0
Interest income (311) (311)
Deferred tax asset 0 576
Change in assets and liabilities:    
Deposits - other 164 0
Prepaid expenses and other assets (471) 118
Accounts payable and accrued expenses (316) (394)
Operating lease assets, net of liabilities (22)  
Other liabilities (87) (155)
Increase (Decrease) in Income Taxes Payable (572) 2,642
Net cash (used in) provided by operating activities (8,593) (8,493)
Cash flows from investing activities    
Purchase of fixed assets, net of disposals 0 (5)
Premiums paid on life settlements 0 (118)
Proceeds from sale of life settlements, net 2,041 0
Distributions from investment in limited partnership 6,000 0
Consolidation of subsidiaries (cash) 0 10,905
Net cash (used in) provided by investing activities 8,041 10,782
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) (1,194)
Net cash provided by financing activities (4,677) 5,282
Net increase (decrease) in cash and cash equivalents (5,229) 7,571
Cash and cash equivalents, at beginning of the period 24,283 1,209
Cash and cash equivalents, at end of the period 19,054 8,780
Supplemental disclosures of cash flow information:    
Cash paid for interest during the period 6,594 4,430
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
Change in assets and liabilities:    
Interest payable 0 (37)
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 891 955
Change in assets and liabilities:    
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 817 554
Change in assets and liabilities:    
Interest payable $ 264 $ 463