Annual report pursuant to Section 13 and 15(d)

Note 14 - Stock-based Compensation (Tables)

v3.22.4
Note 14 - Stock-based Compensation (Tables)
12 Months Ended
Nov. 30, 2022
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2022

   

2021

 

Risk free rate

    3.35 %     0.30 %

Expected dividends

    0.00 %     0.00 %

Expected volatility

    70 %     92 %

Expected life (in years)

    1.39       3  

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

  $ 7.69 - 8.24     $ 20.9 - 26.9  
                 
   

2022

   

2021

 

Risk free rate

    3.34 %     0.26 - 0.64 %

Expected dividends

    0 %     0 %

Expected volatility

    78.44 %     80 - 113 %

Expected life (in years)

    6.5       4 - 5  

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

  $ 5.51     $ 14.74 - 20.94  

Exercise price

  $ 7.70     $ 14.90 - 20.20  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
   

RSUs

 

Outstanding, November 30, 2020

    1,573,500  

Granted

    174,493  

Vested

    (62,500 )

Forfeited

    (91,373 )

Outstanding, November 30, 2021

    1,594,120  

Granted

    536,805  

Settled

    (12,266 )

Cancelled

    (778,750 )

Forfeited

    (25,000 )

Outstanding, November 30, 2022

    1,314,909  
         
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
                 
           

Weighted-Average

 
   

Stock

   

Exercise Price Per Stock

 
   

Options

   

Option

 

Outstanding, November 30, 2020

    705,967     $ 3.10  

Granted

    62,000       17.18  

Exercised

    (81,182 )     (1.29 )

Forfeited

    (100,002 )     (5.91 )

Outstanding, November 30, 2021

    586,783     $ 3.48  

Granted

    994,750       5.51  

Exercised

    (252,250 )     1.84  

Expired

    (5,533 )     0.88  

Forfeited

    (26,000 )     9.59  

Outstanding, November 30, 2022

    1,297,750     $ 6.75  
                 

Exercisable, November 30, 2022

    267,001       1.63  

Exercisable, November 30, 2021

    524,783       1.92  
   

2022

   

2021

 
   

(years)

   

(years)

 

Total outstanding options

    7.39       3.07  

Total exercisable options

    2.13       2.91