Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.1
Stockholders' Equity (Tables)
 3 Months Ended
Feb. 28, 2022
Stock Option Activity

Stock option activity for options with only service-based vesting conditions for the three months ended February 28, 2022, was as follows:

 

 

 

 

 

 

Weighted

 

 

Weighted
Average
Remaining

 

 

 

 

 

 

 

 

 

Average

 

 

Contractual

 

 

Aggregate

 

 

 

Options

 

 

Exercise
Price

 

 

Term
(Years)

 

 

Intrinsic
Value

 

Outstanding at November 30, 2021

 

 

537,443

 

 

$

5.76

 

 

5.22

 

 

$

3,564,067

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Exercised

 

 

(10,000

)

 

 

3.20

 

 

 

 

 

 

87,000

 

Expired/forfeited

 

 

(52,516

)

 

 

5.06

 

 

 

 

 

 

180,926

 

Outstanding at February 28, 2022

 

 

474,927

 

 

$

5.89

 

 

 

4.58

 

 

$

1,151,473

 

Exercisable at February 28, 2022

 

 

420,911

 

 

$

5.46

 

 

 

4.37

 

 

$

1,148,491

 
Significant Option Groups Exercisable Option and its Price and Contractual Life

Significant option groups outstanding and exercisable at February 28, 2022 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

 

 

7,500

 

 

 

1.39

 

 

$

1.95

 

 

 

7,500

 

 

$

1.95

 

$2.01 to $3.00

 

 

15,000

 

 

 

1.38

 

 

$

2.22

 

 

 

15,000

 

 

$

2.22

 

$3.01 to $4.00

 

 

179,729

 

 

 

4.02

 

 

$

3.14

 

 

 

179,729

 

 

$

3.14

 

$6.01 to $7.00

 

 

3,833

 

 

 

4.35

 

 

$

6.52

 

 

 

3,833

 

 

$

6.52

 

$7.01 to $8.00

 

 

230,381

 

 

 

4.96

 

 

$

7.63

 

 

 

207,445

 

 

$

7.59

 

$9.01 to $10.00

 

 

27,000

 

 

 

5.95

 

 

$

9.40

 

 

 

2,100

 

 

$

9.10

 

$12.01 to $13.00

 

 

11,484

 

 

 

8.90

 

 

$

12.63

 

 

 

5,304

 

 

$

12.63

 

 

 

 

474,927

 

 

 

4.58

 

 

$

5.89

 

 

 

420,911

 

 

$

5.46

 
Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of February 28, 2022, and changes during the three months ended February 28, 2022, is presented below:

 

 

 

 

 

 

Weighted
Average

 

 

 

 

 

 

Grant-Date

 

 

 

Options

 

 

Fair Value

 

Non-vested at November 30, 2021

 

 

63,034

 

 

$

4.99

 

Granted

 

 

—

 

 

 

—

 

Vested

 

 

(4,602

)

 

 

6.27

 

Forfeited

 

 

(4,416

)

 

 

7.98

 

Non-vested at February 28, 2022

 

 

54,016

 

 

$

4.63