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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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May 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of restricted stock unit activity |
| The following table summarizes the RSU activity during the six months ended May 31, 2021:
|  | RSUs |
Unvested and outstanding as of November 30, 2020 |  |  | 1,573,500 |
Granted |  |  | 174,493 |
Exercised |  |  | — |
Cancelled |  |  | — |
Unvested and outstanding at May 31, 2021 |  |  | 1,747,993 |
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, 2021 were as follows: Black-Scholes option pricing model
Risk free rate |  |  | 0.33 | %
Expected dividends |  |  | 0.00 |
Expected volatility |  |  | 83 – 113 | %
Expected life |  |  | 4 – 5 years |
Market price of the Company’s common stock on date of grant |  | $ | 14.74 – 19.70 |
Exercise price |  | $ | 14.90 – 17.00
Schedule of stock options activity |
The following table summarizes option activity under the 2017 and 2020 Plan during the six months ended May 31, 2021:
|  |  | Stock |  |  | Weighted-Average Exercise Price Per Stock Option |
|  |  | Options |  |  | CDN$ |  |  | USD$ |
Outstanding, November 30, 2020 (1) |  |  |  | 705,967 |  |  |  | 2.40 |  |  |  | 3.10 |
Granted |  |  |  | 41,000 |  |  |  | 18.90 |  |  |  | 15.60 |
Exercised |  |  |  | (22,667 | ) |  |  | (1.90 | ) |  |  | (1.50 | )
Forfeited |  |  |  | (82,250 | ) |  |  | (5.10 | ) |  |  | (4.20 | )
Outstanding, May 31, 2021 (2) |  |  |  | 642,050 |  |  |  | 3.60 |  |  |  | 3.00 |
Exercisable, May 31, 2021 (2) |  |  |  | 642,050 |  |  |  | 2.60 |  |  |  | 2.20 |
| (1) | As of November 30, 2020 all options were governed by the 2017 Plan.
| (2) | As of May 31, 2021 all options were governed by the 2020 Plan.

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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