Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.8.0.1
Stock-based Compensation (Tables)
3 Months Ended
Feb. 28, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of valuation assumptions The fair value of the stock option granted were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
 
Assumptions:
Option Grant Date
Risk-free Interest Rate
Dividend Yield
Stock Volatility
Option Term (years)
January 4, 2018
1.82
%
%
37.63
%
10
Activity of share-based payment award 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, 2016
564,000
$3.25
5.8
Granted
307,500
$3.30
 
 
Exercised
 
 
 
Canceled or Forfeited
 
 
 
Outstanding at November 30, 2017
871,500
$3.27
6.0
 
Granted
7,500
$3.15
Exercised
Canceled or Forfeited
82,500
$3.35
Outstanding and expected to vest at February 28, 2018
796,500
$3.26
6.0