Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.8.0.1
Stockholder's Equity (Tables) - Service-Based Vesting Condition Options [Member]
3 Months Ended
Feb. 28, 2018
Stock Option Activity

Stock option activity for the three months ended February 28, 2018, was as follows:

 

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

Outstanding at November 30, 2017

     1,026,979      $ 2.50        4.48      $ 5,706,107  

Granted

     —          —             —    

Exercised

     (1,250      1.80           7,963  

Expired/forfeited

     (6,000      2.12           30,240  
  

 

 

          

Outstanding at February 28, 2018

     1,019,729      $ 2.51        4.38      $ 4,744,886  
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at February 28, 2018

     999,518      $ 2.45        4.32      $ 4,707,903  
  

 

 

    

 

 

    

 

 

    

 

 

 
Significant Option Groups Exercisable Option and its Price and Contractual Life

Significant option groups exercisable at February 28, 2018 and related price and contractual life information are as follows:

 

     Outstanding      Exercisable  
            Weighted
Average
                      
            Remaining      Weighted
Average
Exercise Price
            Weighted
Average
Exercise Price
 

Range of Exercise Prices

   Outstanding      Contractual
Life
(Years)
        Outstanding     

$1.01 to $2.00

     422,500        3.69      $ 1.73        422,500      $ 1.73  

$2.01 to $3.00

     345,000        2.54      $ 2.69        345,000      $ 2.69  

$3.01 to $4.00

     227,229        7.92      $ 3.18        218,896      $ 3.18  

$6.01 to $7.00

     25,000        9.09      $ 6.95        13,122      $ 7.00  
  

 

 

          

 

 

    
     1,019,729        4.38      $ 2.51        999,518      $ 2.45  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of February 28, 2018, and changes during the three months ended February 28, 2018, is presented below:

 

            Weighted
Average
 
            Grant-Date  
     Options      Fair Value  

Non-vested at November 30, 2017

     39,168      $ 2.41  

Granted

     —          —    

Vested

     (18,957      2.22  

Forfeited

     —          —    
  

 

 

    

Non-vested at February 28, 2018

     20,211      $ 2.59