Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v3.10.0.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Nov. 30, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
  Year of No. of options Exercise price Vesting period Fair value at grant Expiration
  grant granted     (in thousands) period
Employees 2018 762,400 $4.42 -$8.91 vest immediately- 4 years $4,233 10 years
Directors 2018 113,800 $5.99 1 year $507 10 years
Directors 2017 166,668 $4.80 2 years $558 10 years
Employees 2017 525,005 $4.8,$7.2 vest immediately- 4 years $1,915 10 years
Schedule of Share-based Compensation, Stock Options Granted to Consultants [Table Text Block]
          Fair value at  
  Year of No. of options Exercise   grant Expiration
  grant granted price Vesting period ( in thousands ) period
Non-employees 2018 102,763 $4.42 -$8.34 vest immediately- 4 years $444 10 years
Non-employees 2017 16,668 $4.8 Quarterly over a period of one year $68 10 years
Options Granted to Employees [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Year Ended November 30,
  2018 2017
Value of one common share $4.42 -$8.7 $4.68,$7.2
Dividend yield 0% 0%
Expected stock price volatility 88%- 98% 93.8%- 95.4%
Risk free interest rate 2.33%- 3.2% 1.89%- 1.76%
Expected term (years) 4.13 - 10 5
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    2018     2017  
          Weighted           Weighted  
          Average           Average  
          Exercise           Exercise  
    Number of     Price     Number of     Price  
    Options     $     Options     $  
Options outstanding at the beginning of the year   1,605,055     3.11     978,853     1.92  
Changes during the year:                        
     Granted   876,200     7.13     691,673     5.28  
     Expired   (61,463 )   5.26     (38,106 )   7.58  
     Forfeited   (43,365 )   4.68     (27,365 )   4.8  
Options outstanding at end of the year   2,376,427     4.51     1,605,055     3.11  
Options exercisable at end of the year   1,504,542     2.91     1,135,107     2.57  
Disclosure of Share-based Compensation Stock Options Exercisable [Table Text Block]
          Weighted                    
          Average     Aggregate           Aggregate  
Exercise   Number of     Remaining     Intrinsic     Number of     Exercisable  
Price   Outstanding     Contractual     Value     Exercisable     Options  
$   Options     Life     $     Options     Value $  
                (in thousands)           (in thousands)  
0.0012   462,015     4.78     2,776     462,015     1  
0.012   278,191     3.18     1,669     278,191     3  
4.42   50,000     9.02     79     37,500     166  
4.8   524,999     8.03     635     440,104     2,112  
5.99   384,050     9.35     8     32,750     196  
6   33,334     5.67     -     33,334     200  
7.2   83,334     8.51     -     83,334     600  
8.36   250,000     9.58     -           -  
8.43   160,994     9.46     -     14,492     156  
8.91   30,500     9.55     -     3,813     34  
9   20,834     4.63     -     20,834     188  
9.48   58,908     3.61     -     58,908     558  
10.2   39,268     3.51     -     39,267     401  
    2,376,427     7.15     5,167     1,504,542     4,598  
Options Granted to Non- Employees [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Year Ended November 30,  
    2018     2017   
Value of one common share $ 4.42 -$8.34   $ 3.6 -$7.44  
Dividend yield   0%     0%  
Expected stock price volatility   91%- 95%     87%- 95%  
Risk free interest rate   2.33%- 3.20%     1.19%- 1.89%  
Expected term (years)   9.79 - 10     4 - 5  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    2018     2017  
          Weighted           Weighted  
          Average           Average  
          Exercise           Exercise  
    Number of     Price     Number of     Price  
    Options     $     Options     $  
Options outstanding at the beginning of the year   399,380     7.47     441,621     6.24  
Changes during the year:                        
   Granted   102,763     4.92     16,668     4.80  
   Expired   -     -     (58,909 )   8.28  
   Forfeited   (15,500 )   -     -     -  
   Cancelled   (16,669 )   7.02              
Options outstanding at end of the year   469,974     5.75     399,380     7.47  
Options exercisable at end of the year   436,640     5.75     379,712     5.76  
Disclosure of Share-based Compensation Stock Options Exercisable [Table Text Block]
          Weighted                    
          Average     Aggregate     Number of     Aggregate  
Exercise   Number of     Remaining     Intrinsic     Exercisable     Exercisable  
Price   Outstanding     Contractual     Value*     Options     Options  
$   Options     Life     $           Value $  
                (in thousands)           (in thousands)  
3.36   136,775     7.41     362     136,775     460  
3.6   83,334     7.25     201     83,334     300  
4.42   10,325     9.02     16     10,325     46  
4.8   16,667     8.03     20     16,667     80  
5.3   35,000     9.79     25     20,000     106  
5.99   25,005     9.9           13,337     80  
6   90,000     5.67           90,000     540  
6.4   8,333     9.13           1,667     11  
7.32   8,334     3.98           8,334     61  
8.34   8,600     9.61           8,600     72  
11.52   8,334     4.35           8,334     96  
16.8   39,267     3.37           39,267     660  
    469,974     6.83     624     436,640     2,512