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Note 18 - Related Party Transactions | 3 Months Ended
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Feb. 28, 2022
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] |
18. | RELATED PARTY TRANSACTIONS
The following transactions are in the normal course of operations and are measured at the amount of consideration established and agreed to by related parties. Amounts due to related parties are unsecured, non-interest bearing with the exception of notes payable, and due on demand. The Company expensed $0 and approximately $0.1 million for royalties due to the Company’s Chief Technology Officer ("CTO"), during the three months ended February 28, 2022 and 2021, respectively. Balances payable to the CTO for royalties were $0 and $0.1 million as of February 28, 2022 and November 30, 2021, respectively. The Company terminated the royalty payments in December 2021. Refer to Note 21, "Commitments and Contingencies - Royalty Payments," for additional information. The Company also recorded stock-based compensation expense of approximately $0 and $0.004 million during the three months ended February 28, 2022 and 2021, related to stock options granted to Buys in 2018 to acquire 150,000 shares of common stock. See Note 16, "Stock-Based Compensation," for additional information. The Company authorized the granting of 200,000 restricted stock units ("RSU's") in exchange to waive all future rights and entitlements to the CTO. Refer to Note 21, "Commitments and Contingencies - Royalty Payments," for additional information. The Company subleases office premises at its Massachusetts headquarters to a corporation owned and controlled by the Chief Executive Officer ("CEO") of the Company beginning July 1, 2020, with no stated termination date. Sublease payments received were $4.0 thousand and $5.0 thousand for the three months ended February 28, 2022 and 2021, respectively.

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