• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Deconsolidation of Subsidiaries (Tables)
6 Months Ended
May 31, 2020
Reorganizations [Abstract]  
Schedule of Fair Value on Investment in Lamington
The fair value of the investment in Lamington at May 31, 2019 was calculated as follows:
Investment in Lamington at December 1, 2018
$
128,795

Increase in basis investment (see below)
1,151

Less: Change in fair value
(52,769
)
Investment in Lamington at May 31, 2019
$
77,177

Schedule of Company's Investment in Deconsolidated Entities
The table below summarizes the composition of the Company's investment in the deconsolidated entities at May 31, 2019:
 
 
 
Increase/Decrease in Basis
 
Change in Fair Value
 
 
 
November 30, 2018
 
Six Months Ended May 31, 2019
 
May 31, 2019
Equity investment
$
66,251

 
$

 
$
(66,251
)
 
$

Promissory notes
56,596

 

 
13,482

 
70,078

Other liabilities
5,948

 
1,151

 

 
7,099

Total investment
$
128,795

 
$
1,151

 
$
(52,769
)
 
$
77,177