Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.3.1.900
Stockholder's Equity (Tables)
3 Months Ended
Feb. 29, 2016
Equity [Abstract]  
Stock Option Activity for Options

Stock option activity for the three months ended February 29, 2016, was as follows:

 

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

Outstanding at November 30, 2015

     968,930       $ 2.17         5.01       $ 1,095,525   

Granted

     —           —              —     

Exercised

     —           —              —     

Expired/forfeited

     —           —              —     
  

 

 

          

Outstanding at February 29, 2016

     968,930       $ 2.17         4.76       $ 1,531,543   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at February 29, 2016

     959,552       $ 2.16         4.75       $ 1,525,260   
  

 

 

    

 

 

    

 

 

    

 

 

 

Significant Option Groups Exercisable Option and its Price and Contractual Life

Significant option groups exercisable at February 29, 2016 and related price and contractual life information are as follows:

 

     Outstanding      Exercisable  

Range of Exercise Prices

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

$1.01 to $2.00

     465,930         5.23       $ 1.72         465,930       $ 1.72   

$2.01 to $3.00

     480,500         4.23       $ 2.56         480,500       $ 2.56   

$3.01 to $4.00

     22,500         6.36       $ 3.08         13,122       $ 3.08   
  

 

 

          

 

 

    
     968,930         4.76       $ 2.17         959,552       $ 2.16   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of February 29, 2016, and changes during the three months ended February 29, 2016, is presented below:

 

     Options      Weighted Average
Grant-Date
Fair Value
 

Non-vested at November 30, 2015

     15,003       $ 1.90   

Granted

     —           —     

Vested

     (5,625      1.90   

Forfeited

     —           —     
  

 

 

    

Non-vested at February 29, 2016

     9,378       $ 1.90