Stockholders' Equity (Tables) - Service-Based Vesting Condition Options [Member]
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6 Months Ended |
May 31, 2020 |
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| Fair Value of Options Granted |
Variables used to determine the fair value of the options granted for the three and six months ended May 31, 2020 and May 31, 2019, respectively, are as follows:
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Three Months
Ended |
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Three Months
Ended |
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Six Months
Ended |
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Six Months
Ended |
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May 31, 2020 |
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May 31, 2019 |
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May 31, 2020 |
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May 31, 2019 |
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— |
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0 |
% |
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0 |
% |
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0 |
% |
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— |
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51.2 |
% |
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64.25 |
% |
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51.2 |
% |
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— |
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2.31 |
% |
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1.90 |
% |
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2.31 |
% |
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— |
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5 years |
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9 years |
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5 years |
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| Stock Option Activity |
Stock option activity for options with only service-based vesting conditions for the six months ended May 31, 2020, was as follows:
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Weighted |
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Weighted
Average |
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Average |
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Remaining |
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Aggregate |
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Options |
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Exercise
Price |
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Contractual
Life (Years) |
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Intrinsic
Value |
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Outstanding at November 30, 2019 |
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1,089,774 |
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$ |
3.30 |
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3.91 |
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$ |
4,648,111 |
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44,969 |
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7.26 |
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6,369 |
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(20,000 |
) |
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2.05 |
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102,800 |
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— |
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— |
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— |
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Outstanding at May 31, 2020 |
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1,114,743 |
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$ |
3.49 |
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3.69 |
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$ |
4,409,680 |
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Exercisable at May 31, 2020 |
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1,018,873 |
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$ |
3.11 |
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3.20 |
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$ |
4,404,284 |
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| Significant Option Groups Exercisable Option and its Price and Contractual Life |
Significant option groups outstanding and exercisable at May 31, 2020 and related price and contractual life information are as follows:
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Outstanding |
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Exercisable |
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Weighted
Average |
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Remaining |
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Weighted |
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Weighted |
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Outstanding |
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Contractual
Life (Years) |
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Average
Exercise
Price |
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Outstanding |
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Average
Exercise
Price |
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| $1.01 to $2.00 |
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422,500 |
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1.60 |
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$ |
1.73 |
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422,500 |
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$ |
1.73 |
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| $2.01 to $3.00 |
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245,000 |
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1.60 |
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$ |
2.78 |
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245,000 |
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$ |
2.78 |
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| $3.01 to $4.00 |
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204,729 |
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5.73 |
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$ |
3.14 |
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204,729 |
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$ |
3.14 |
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| $6.01 to $7.00 |
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3,833 |
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6.10 |
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$ |
6.52 |
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2,111 |
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$ |
6.51 |
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| $7.01 to $8.00 |
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238,681 |
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7.75 |
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$ |
7.57 |
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144,533 |
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$ |
7.63 |
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1,114,743 |
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3.69 |
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$ |
3.49 |
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1,018,873 |
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$ |
3.11 |
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| Summary of Non-Vested Options |
A summary of the status of the Company’s non-vested options as of May 31, 2020, and changes during the six months ended May 31, 2020, is presented below:
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Weighted Average |
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Grant-Date |
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Options |
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Fair Value |
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Non-vested at November 30, 2019 |
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125,234 |
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$ |
4.70 |
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44,969 |
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5.03 |
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(74,333 |
) |
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4.51 |
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— |
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— |
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Non-vested at May 31, 2020 |
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95,870 |
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$ |
5.00 |
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