Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

v3.7.0.1
Stock-based Compensation
 6 Months Ended
May 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION

On June 15, 2005, the shareholders approved an amended and Restated Stock Option Plan amending the 2003 Stock Option Plan (the “Plan”). The Plan authorizes the issuance of up to one million shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options restricted shares, stock appreciation rights and/or performance shares. The plan expired in April, 2015. On August 13, 2015, the shareholders approved the 2015 CCA Industries, Inc. Incentive Plan (the "2015 Plan"). The 2015 Plan authorizes the issuance of up to 700,000 shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options, stock appreciation rights and/or restricted stock.
The Company recorded a charge against earnings in the amount of $51,079 for the three months ended May 31 , 2017 and $70,488 for the three months ended May 31, 2016 for all outstanding stock options granted. The Company recorded a charge against earnings in the amount of $78,471 and $140,977, respectively, for the six months ended May 31, 2017 and May 31, 2016 for all stock options granted.
A summary of stock option activity for the Company is as follows:
 
Number of Options
Weighted-Average Exercise Price
Weighted-Average Remaining Term (years)
Aggregate Intrinsic Value
Outstanding at November 30, 2014
137,000

$
3.40

5.4

—

Granted
185,000

$
3.46

—

 
Exercised
—

—

—

—

Canceled or Forfeited
218,000

$
3.46

—

—

Outstanding at November 30, 2015
104,000

$
3.41

7.6

—

Granted
519,000

$
3.23

—

—

Exercised
—

—

—

—

Canceled or Forfeited
59,000

3.42

—

—

Outstanding at November 30, 2016
564,000

$
3.25

9.2

—

Granted
—

 
 
 
Exercised
—

 
 
 
Canceled or Forfeited
—

 
 
 
Outstanding at February 28, 2017
564,000

$
3.25

6.1

 
Granted
—

$
—

 
 
Exercised
—

 
 
 
Canceled or Forfeited
—

$
—

 
 
Outstanding at May 31, 2017
564,000

$
3.25

5.9