Annual report pursuant to Section 13 and 15(d)

Note 14 - Stock-based Compensation (Tables)

v3.24.0.1
Note 14 - Stock-based Compensation (Tables)
12 Months Ended
Nov. 30, 2023
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2023

   

2022

 

Risk free rate

          3.35 %

Expected dividends

          0.00 %

Expected volatility

          70 %

Expected life (in years)

          1.1  

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

        $ 7.69 - 8.24  
   

2023

   

2022

 

Risk free rate

    3.63 %     3.34 %

Expected dividends

    0 %     0 %

Expected volatility

    77 %     78.44 %

Expected life (in years)

    6.5       6.5  

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

  $ 8.96     $ 7.70  

Exercise price

  $ 8.96     $ 7.70  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
   

RSUs

 

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  

Granted

    102,720  

Settled

    (213,636 )

Cancelled

     

Forfeited

    (625,743 )

Outstanding, November 30, 2023

    578,250  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
                 
           

Weighted-Average

 
   

Stock

   

Exercise Price Per Stock

 
   

Options

   

Option

 

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  

Granted

    249,999       8.96  

Exercised

    (25,000 )     1.45  

Expired

    (30,333 )     7.70  

Forfeited

    (107,750 )     8.09  

Outstanding, November 30, 2023

    1,384,666     $ 7.12  
                 

Exercisable, November 30, 2023

    672,256     $ 5.82  

Exercisable, November 30, 2022

    267,001     $ 1.63  
   

2023

   

2022

 
   

(years)

   

(years)

 

Total outstanding options

    6.90       7.39  

Total exercisable options

    5.29       2.13