Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.7.0.1
Stockholder's Equity (Tables)
3 Months Ended
Feb. 28, 2017
Equity [Abstract]  
Stock Option Activity

Stock option activity for the three months ended February 28, 2017, was as follows:

 

     Options      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
(Years)
     Aggregate
Intrinsic
Value
 
           
           

Outstanding at November 30, 2016

     1,142,010      $ 2.36        4.99      $ 1,095,525  

Granted

     —          —             —    

Exercised

     (19,281      1.74           57,949  

Expired/forfeited

     (2,500      1.50           7,150  
  

 

 

          

Outstanding at February 28, 2017

     1,120,229      $ 2.37        4.82      $ 2,225,014  
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at February 28, 2017

     1,041,780      $ 2.31        4.56      $ 2,132,983  
  

 

 

    

 

 

    

 

 

    

 

 

 
Significant Option Groups Exercisable Option and its Price and Contractual Life

Significant option groups exercisable at February 28, 2017 and related price and contractual life information are as follows:

 

Range of Exercise Prices

   Outstanding      Exercisable  
   Outstanding      Weighted
Average
Remaining
Contractual
Life
(Years)
     Weighted
Average
Exercise Price
     Outstanding      Weighted
Average
Exercise Price
 
              
              

$1.01 to $2.00

     427,500        4.65      $ 1.73        427,500      $ 1.73  

$2.01 to $3.00

     465,500        3.28      $ 2.57        465,500      $ 2.57  

$3.01 to $4.00

     227,229        8.32      $ 3.18        148,780      $ 3.17  
  

 

 

          

 

 

    
     1,120,229        4.82      $ 2.37        1,041,780      $ 2.31  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of February 28, 2017, and changes during the three months ended February 28, 2017, is presented below:

 

     Options      Weighted Average
Grant-Date
Fair Value
 
     
     

Non-vested at November 30, 2016

     97,406      $ 1.84  

Granted

     —          —    

Vested

     (18,957      1.83  

Forfeited

     —          —    
  

 

 

    

Non-vested at February 28, 2017

     78,449      $ 1.84