• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2020
Nov. 30, 2019
[1]
ASSETS    
Cash and cash equivalents $ 21,284 $ 24,283
Certificates of deposit 515 511
Prepaid expenses and other assets 1,674 377
Operating lease asset (Note 18) 72  
Deposits - other 1,377 1,377
Life settlements, at estimated fair value 0 1,297
Fixed assets, net 0 18
Investment in limited partnership, at estimated fair value (Note 11) 150,200 137,849
Total assets 175,122 165,712
Liabilities    
Accounts payable and accrued expenses 951 1,651
Other liabilities 40 86
Operating lease liability (Note 18) 66  
Current tax liability 2,623 3,195
Total liabilities 115,856 123,599
Commitments and Contingencies (Note 18)
Stockholders’ Equity    
Common stock (par value $0.01 per share, 415,000,000 authorized at May 31,2020 and November 30, 2019; 159,263,140 issued and 158,655,140 outstanding as of May 31, 2020; 158,365,275 issued and 157,757,275 outstanding as of November 30, 2019) 1,593 1,584
Preferred stock (par value $0.01 per share, 40,000,000 authorized; 0 issued and outstanding as of May 31, 2020 and November 30, 2019) 0 0
Treasury Stock, net of issuance cost (608,000 shares as of May 31, 2020 and November 30, 2019) (2,534) (2,534)
Additional paid-in-capital 334,620 334,576
Accumulated deficit (274,413) (291,513)
Total stockholders’ equity 59,266 42,113
Total liabilities and stockholders’ equity 175,122 165,712
5.0% Convertible Notes    
Liabilities    
Interest payable 1,007 1,116
5.0% Convertible Notes, net of discount and deferred debt costs (Note 14) 64,097 71,022
8.5% Senior Secured Notes    
Liabilities    
Interest payable 865 854
8.5% Senior Secured Notes, net of deferred debt costs (Note 15) $ 46,207 $ 45,675
[1] Derived from audited consolidated financial statements.