Annual report [Section 13 and 15(d), not S-K Item 405]

Note 13 - Stock-based Compensation (Tables)

v3.25.4
Note 13 - Stock-based Compensation (Tables)
12 Months Ended
Nov. 30, 2025
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2024

 

Risk free rate

    4.33 %

Expected dividends

  $  

Expected volatility

    33 %

Expected life (in years)

    2.7  

Market price of the Company’s common stock on date of grant

  $ 6.03  
   

2024

 

Risk free rate

    4.10 %

Expected dividends

    0 %

Expected volatility

    76 %

Expected life (in years)

    6.5  

Market price of the Company’s common stock on date of grant

  $ 6.89  

Exercise price

  $ 6.89  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
   

RSUs

 

Outstanding, November 30, 2023

    976,226  

Granted

    753,230  

Issued

    (691,596 )

Forfeited

    (122,630 )

Outstanding, November 30, 2024

    915,230  

Granted

    129,588  

Issued

    (165,017 )

Forfeited

    (12,664 )

Outstanding, November 30, 2025

    867,137  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
                 
           

Weighted-Average

 
   

Stock

   

Exercise Price Per Stock

 
   

Options

   

Option

 

Outstanding, November 30, 2023

    1,384,666     $ 7.12  

Granted

    199,500       6.89  

Exercised

    (292,827 )     3.01  

Expired

           

Forfeited

    (49,500 )     7.24  

Outstanding, November 30, 2024

    1,241,839     $ 9.11  

Granted

           

Exercised

    (137,001 )     10.58  

Expired

    (586 )     1.90  

Forfeited

    (16,667 )     8.96  

Outstanding, November 30, 2025

    1,087,585     $ 8.96  
                 

Exercisable, November 30, 2025

    878,250     $ 9.26  

Exercisable, November 30, 2024

    766,196     $ 9.58  
   

2025

   

2024

 
   

(in years)

   

(in years)

 

Total outstanding options

    6.60       7.48  

Total exercisable options

    6.33       7.04