Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.19.1
Stockholder's Equity (Tables) - Service-Based Vesting Condition Options [Member]
3 Months Ended
Feb. 28, 2019
Stock Option Activity

Stock option activity for the three months ended February 28, 2019, was as follows:

 

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

Outstanding at November 30, 2018

     1,001,365      $ 2.77        3.97      $ 4,580,967  

Granted

     —          —             —    

Exercised

     (2,500      2.28           14,175  

Expired/forfeited

     (5,000      2.23           21,625  
  

 

 

          

Outstanding at February 28, 2019

     993,865      $ 2.78        3.75      $ 3,827,501  
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at February 28, 2019

     970,821      $ 2.68        3.73      $ 3,813,041  
  

 

 

    

 

 

    

 

 

    

 

 

 
Significant Option Groups Exercisable Option and its Price and Contractual Life

Significant option groups exercisable at February 28, 2019 and related price and contractual life information are as follows:

 

     Outstanding      Exercisable  
            Weighted
Average
                      
            Remaining      Weighted             Weighted  

Range of Exercise Prices

  

Outstanding

    

Contractual
Life
(Years)

    

Average
Exercise
Price

    

Outstanding

    

Average
Exercise
Price

 

$1.01 to $2.00

     422,500        2.69      $ 1.73        422,500      $ 1.73  

$2.01 to $3.00

     267,500        2.13      $ 2.72        267,500      $ 2.72  

$3.01 to $4.00

     227,229        6.92      $ 3.18        223,062      $ 3.18  

$6.01 to $7.00

     25,000        8.09      $ 6.95        23,334      $ 6.98  

$7.01 to $8.00

     51,636        4.83      $ 7.85        34,425      $ 7.85  
  

 

 

          

 

 

    
     993,865        3.75      $ 2.78        970,821      $ 2.68  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of February 28, 2019, and changes during the three months ended February 28, 2019, is presented below:

 

            Weighted Average  
            Grant-Date  
     Options      Fair Value  

Non-vested at November 30, 2018

     40,254      $ 3.06  

Granted

     —          —    

Vested

     (17,210      3.23  

Forfeited

     —          —    
  

 

 

    

Non-vested at February 28, 2019

     23,044      $ 2.94