Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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

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

 

    2020     2019  
Risk free rate     0.00 – 1.68 %     2.00 %
Expected dividends     0 %     0 %
Expected volatility     131 - 144 %     133 %
Expected life     5 years       5 years  
Market price of the Company’s common stock on date of grant   $ 0.19 – 1.36     $ 0.14  
Exercise price   $ 0.19 – 1.38     $ 0.14
Schedule of stock options activity
The following table summarizes option activity under the 2017 Plan during the nine months ended August 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       4,452,500       0.40       0.30  
Expired       (212,500 )     (0.28 )     (0.21 )
Exercised       (15,000 )     (0.25 )     (0.19 )
Cancelled                    
Outstanding, August 31, 2020       7,136,667       0.31       0.24  
Exercisable, August 31, 2020       5,137,667       0.36       0.27
Schedule of warrants valuation assumptions

The assumptions the Company used to determine the grant-date fair value of warrants granted to consultants during the nine months ended August 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     57 %     149 %
Expected life      1.1 years       3.0 years  
Market price of the Company’s common stock on date of grant   $ 0.22      $ 0.16  
Exercise price   $ 0.25      $ 0.16