Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
May 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of stock options valuation assumptions

The assumptions that the Company used to determine the grant-date fair value of stock options granted to employees and non-employees for the six months ended May 31, 2020 and 2019 were as follows:

 

Employee, Director and Non-Employee Options (Black-Scholes option pricing model)

 

    2020     2019  
Risk free rate     1.07-1.68 %     2.00 %
Expected dividends     0 %     0 %
Expected volatility     143.90-144.28 %     133 %
Expected life     5 years       5 years  
Market price of the Company’s common stock on date of grant   $ 0.19     $ 0.14  
Exercise price   $ 0.19     $ 0.14  
Schedule of stock options activity

The following table summarizes option activity under the 2017 Plan during the six months ended May 31, 2020:

  

      Stock     Weighted-Average
Exercise Price Per Stock
Option		  
      Options     CDN$     USD$  
Outstanding, November 30, 2019       2,911,667       0.19       0.14  
Granted       4,027,500       0.25       0.19  
Expired       (212,500 )     (0.28 )     (0.21 )
Cancelled       —       —       —  
Outstanding, May 31, 2020       6,726,667       0.23       0.17  
Exercisable, May 31, 2020       4,726,667       0.23       0.17
Schedule of warrants valuation assumptions

The assumptions the Company used to determine the grant-date fair value of warrants granted to consultants during the six months ended May 31, 2020 and 2019 were as follows:

  

(Black-Scholes option pricing model) 

 

    2020     2019  
Risk free rate     1.47 %     2.00 %
Expected dividends     0 %     0 %
Expected volatility     56.92 %     149 %
Expected life     1.1 years       3 years  
Market price of the Company’s common stock on date of grant   $ 0.22       0.16  
Exercise price   $ 0.25       0.16