ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE TO FACTOR (Tables)

9 Months Ended

Aug. 31, 2013

ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE TO FACTOR

Schedule of accounts receivable, inventory advances and due to factor

As a result of these agreements, amounts due to factor consist of the following (in thousands):

	August 31, 2013			November 30, 2012
Non-recourse receivables assigned to factor	$	17,442		$	20,964
Client recourse receivables	182			24
Total receivables assigned to factor	17,624			20,988
Allowance for customer credits	(2,356		)	(2,442		)
Net loan balance from factored accounts receivable	(13,154		)	(14,166		)
Net loan balance from inventory advances	(5,512		)	(5,782		)
Due to factor	$	(3,398	)	$	(1,402	)
Non-factored accounts receivable	$	2,013		$	1,369
Allowance for customer credits	(271		)	(323		)
Allowance for doubtful accounts	(227		)	(234		)
Accounts receivable, net of allowance	$	1,515		$	812