Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

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Stockholder's Equity (Tables)
6 Months Ended
May. 31, 2015
Significant Option Groups Outstanding and Exercisable Option and its Price and Contractual Life

Significant option groups outstanding and exercisable at May 31, 2015 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
 

$0.42 to $1.00

     2,500         0.21       $  0.68         2,500       $ 0.68   

$1.01 to $ 2.00

     466,764         5.98       $ 1.72         465,931       $  1.72   

$2.01 to $ 3.00

     515,500         4.90       $ 2.53         507,997       $ 2.53   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
  984,764      5.40    $ 2.14      976,428    $ 2.14   
Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of May 31, 2015, and changes during the six months ended May 31, 2015, is presented below:

 

     Shares      Weighted Average
Grant-Date
Fair Value
 

Non-vested at November 30, 2014

     27,083       $ 1.64   

Granted

     —           —     

Vested

     (18,747      1.66   

Forfeited

     —           —     
  

 

 

    

 

 

 

Non-vested at May 31, 2015

  8,336    $ 1.59   
  

 

 

    

 

 

Service-Based Vesting Condition Options [Member]  
Stock Option Activity for Options

Stock option activity for options with only service-based vesting conditions for the six months ended May 31, 2015, was as follows:

 

     Shares      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value
 

Outstanding at November 30, 2014

     997,266       $ 2.14         5.84       $ 661,466   

Granted

     —                 —     

Exercised

     —           —              —     

Expired/forfeited

     (12,502      2.09            3,409   
  

 

 

    

 

 

    

 

 

    

 

 

 

Outstanding at May 31, 2015

  984,764    $ 2.14      5.40    $  348,536   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at May 31, 2015

  976,428    $ 2.14      5.40    $ 348,069