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Other asset | 12 Months Ended
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Nov. 30, 2023
Text Block [Abstract] |
Other asset |
14. | Other asset
Cost |  |  |  |
Balance as at November 30, 2021, 2022 and 2023 |  | $ | 19,530 |
Accumulated amortization |  |  |  |
Balance as at November 30, 2021 |  | $ | 17,089 |
Amortization |  |  | 2,441 |
Balance as at November 30, 2022 |  | $ | 19,530 |
Net carrying amounts |  |  |  |
November 30, 2023 and November 30, 2022 |  | $ | - |
On May 29, 2018, the Company entered into an agreement with EMD Serono, Inc. (the “Renegotiated Agreement”) to settle all outstanding cash payment obligations stemming from a termination and transfer agreement dated December 13, 2013, as amended (the “2013 Termination Agreement”). The remaining contractual obligations under the 2013 Termination Agreement totalled approxima tely $28,200, which was comprised of a $4,000 payment due in May 2019 and $24,200 in estimated royalties on future sales of EGRIFTA ® payable over the subsequent four to five years. The Renegotiated Agreement allowed the Company to make one lump sum payment of $23,850 in settlement of the long-term obligation of $4,000 and to eliminate all of the royalty payments due on sales of EGRIFTA ® in the United States. The payment made in connection with the settlement of the future royalty obligation has been accounted for as “Other asset” on the consolidated statement of financial position and was amortized through “Cost of sales” on the consolidated statement of net loss.

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