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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2015
Income Tax Disclosure [Abstract] |
Summary of Income Tax Provision Benefit | The Company recorded the following income tax provision for the years ended November 30, 2015 and 2014.
|  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | 63,000 |  |  |  | — |
Foreign |  |  | 150,000 |  |  |  | 123,000 |
Subtotal |  |  | 213,000 |  |  |  | 123,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (6,761,000 | ) |  |  | — |
State |  |  | (609,000 | ) |  |  | — |
Foreign |  |  | — |  |  |  | — |
Subtotal |  |  | (7,370,000 | ) |  |  | — |
Income Tax (Benefit) Expense |  | $ | (7,157,000 | ) |  | $ | 123,000 |
Summary of Deferred Tax Assets and Liabilities | As of November 2015 and 2014, the tax effects of temporary differences that give rise to the deferred tax assets are as follows:
|  | 2015 |
|  | Current |  |  | Non-current |  |  | Total |
Tax Assets: |  |  |  |  |  |  |  |  |  |  |  |
Deferred income (Net of Discounts) |  | $ | 218,000 |  |  | $ | 4,406,000 |  |  | $ | 4,624,000 |
NOL’s, credits, and other carryforward items |  |  | — |  |  |  | 1,137,000 |  |  |  | 1,137,000 |
Tax over book basis in unconsolidated affiliate |  |  | — |  |  |  | 1,686,000 |  |  |  | 1,686,000 |
Accrued payroll |  |  | 55,000 |  |  |  | — |  |  |  | 55,000 |
Reserves and other accruals |  |  | 1,063,000 |  |  |  | — |  |  |  | 1,063,000 |
Stock compensation |  |  | — |  |  |  | 618,000 |  |  |  | 618,000 |
Depreciation and Amortization |  |  | — |  |  |  | 7,000 |  |  |  | 7,000 |
RSA Buy-out |  |  | — |  |  |  | 810,000 |  |  |  | 810,000 |
Total Assets: |  |  | 1,336,000 |  |  |  | 8,664,000 |  |  |  | 10,000,000 |
Tax Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gains on AFS securities |  |  | — |  |  |  | (103,000 | ) |  |  | (103,000 | )
Total Liabilities: |  |  |  |  |  |  | (103,000 | ) |  |  | (103,000 | )
Less: Valuation Allowance |  |  | — |  |  |  | (2,630,000 | ) |  |  | (2,630,000 | )
Net Deferred Tax Asset |  | $ | 1,336,000 |  |  | $ | 5,931,000 |  |  |  | 7,267,000 |
|  | 2014 |
|  | Current |  |  | Non-current |  |  | Total |
Tax Assets: |  |  |  |  |  |  |  |  |  |  |  |
Deferred income (Net of Discounts) |  | $ | 217,000 |  |  | $ | 3,934,000 |  |  | $ | 4,151,000 |
NOL’s, credits, and other carryforward items |  |  | — |  |  |  | 2,260,000 |  |  |  | 2,260,000 |
Tax over book basis in unconsolidated affiliate |  |  | — |  |  |  | 1,417,000 |  |  |  | 1,417,000 |
Accrued payroll |  |  | 49,000 |  |  |  | — |  |  |  | 49,000 |
Reserves and other accruals |  |  | 1,066,000 |  |  |  | — |  |  |  | 1,066,000 |
Stock compensation |  |  | — |  |  |  | 391,000 |  |  |  | 391,000 |
Depreciation and Amortization |  |  | — |  |  |  | 165,000 |  |  |  | 165,000 |
RSA Buy-out |  |  | — |  |  |  | 1,018,000 |  |  |  | 1,018,000 |
Total Assets: |  |  | 1,332,000 |  |  |  | 9,185,000 |  |  |  | 10,517,000 |
Tax Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Less: Valuation Allowance |  |  | (1,332,000 | ) |  |  | (9,185,000 | ) |  |  | (10,517,000 | )
Net Deferred Tax Asset |  | $ | — |  |  | $ | — |  |  |  | — |
Summary of Federal Statutory Rate to Pretax Income | A reconciliation of the income tax provision with the amount of tax computed by applying the federal statutory rate to pretax income follows:
|  | For the Years Ended November 30, 2015 |
|  | 2015 |  |  | % |  |  | 2014 |  |  | % |
Tax at Federal Statutory Rate |  | $ | 272,000 |  |  |  | 34.0 |  |  | $ | 272,000 |  |  |  | 34.0 |
State Income Tax Effect |  |  | 29,000 |  |  |  | 3.6 |  |  |  | 29,000 |  |  |  | 3.6 |
Change in Valuation Allowance |  |  | 264,000 |  |  |  | 33.0 |  |  |  | (301,000 | ) |  |  | (37.7 | )
Valuation Allowance Release |  |  | (8,151,000 | ) |  |  | (1,019.4 | ) |  |  | 0 |  |  |  | 0 |
Permanent Disallowances |  |  | 160,000 |  |  |  | 20.0 |  |  |  | 123,000 |  |  |  | 15.2 |
Other |  |  | 269,000 |  |  |  | 33.6 |  |  |  | 0 |  |  |  | 0 |
Foreign tax credits |  |  | (150,000 | ) |  |  | (18.8 | ) |  |  | (124,000 | ) |  |  | (15.5 | )
Foreign tax withholding |  |  | 150,000 |  |  |  | 18.8 |  |  |  | 124,000 |  |  |  | 15.5 |
Total income taxes |  | $ | (7,157,000 | ) |  |  | (895.2 | ) |  | $ | 123,000 |  |  |  | 15.1 |
Summary of Open Tax Years and Ongoing Tax Examinations in Major Jurisdictions | The table below summarizes the open tax years and ongoing tax examinations in major jurisdictions as of November 30, 2015:
Jurisdiction |  | Open Tax Years |  | Examinations in Process
United States – Federal Income Tax |  | 2011 - 2014 |  | N/A
United States – Various States |  | 2010 - 2014 |  | N/A

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- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010 + Details
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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