XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.22.2

Leases | 6 Months Ended
--- | ---
May 31, 2022
Leases |
Leases | 5) Leases
(a) | Right-of-use asset
​
​ | ​ | ​ | ​
​ | ​ | in thousands of dollars
​ |  | $ |
Balance as at November 30, 2021 | ​ | 482 | ​
Net amortization | ​ | (80) | ​
Balance as at May 31, 2022 | ​ | 402 | ​
​
(b) | Lease liabilities
The Company’s lease arrangements primarily consist of an operating lease for our office space ending in June 2024. There are no extension options. Total lease expense recorded within general and administrative expenses was comprised of the following components: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | in thousands of dollars
​ | ​ | Six months ended | ​ | ​ | Six months ended | ​
​ | ​ | May 31, 2022 | ​ | ​ | May 31, 2021 | ​
​ |  | $ |  |  | $ |
Operating lease costs | ​ | 93 | ​ | ​ | 93 | ​
Variable lease costs | ​ | 82 | ​ | ​ | 50 | ​
Total lease expense | ​ | 175 | ​ | ​ | 143 | ​
​ Variable lease costs consist primarily of the Company’s portion of operating costs associated with the office space lease as the Company elected to apply the practical expedient not to separate lease and non-lease components. As of May 31, 2022, the weighted-average remaining lease term is 2.1 years and the weighted-average discount rate is 8%. Significant judgment was used in the determination of the incremental borrowing rate which included estimating the Company’s credit rating. Supplemental cash and non-cash information relating to our leases during the six-month period ending May 31, 2022 are as follows:
| ● | Cash paid for amounts included in the measurement of lease liabilities was $101,951.
Future minimum payments relating to the lease recognized in our balance sheet as of May 31, 2022 are as follows: ​
​ | ​ | ​ | ​
​ |  | in thousands of dollars
​ | ​ | May 31, 2022 |
Fiscal year |  | $ |
2022 |  | 105 | ​
2023 |  | 212 | ​
2024 |  | 35 | ​
Total undiscounted lease payments |  | 352 | ​
Effect of discounting |  | (21) | ​
Present value of lease payments recognized as lease liability |  | 331 | ​
​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration