Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The fair value of the stock option grants in fiscal years 2018 and 2017 were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:



	Assumptions:
Option Grant Date	Risk-free Interest Rate		Dividend Yield		Stock Volatility		Option Term (years)
June 20, 2017	1.77	%	—	%	36.37	%	10
October 2, 2017	1.31	%	—	%	36.73	%	5
June 20, 2018	2.80	%	—	%	37.14	%	10
June 20, 2018	2.36	%	—	%	37.14	%	5

Activity of share-based payment award

A summary of stock option activity for the Company is as follows:



	Number of Options	Weighted-Average Exercise Price	Weighted-Average Remaining Term (years)	Aggregate Intrinsic Value
Outstanding at November 30, 2016	564,000	$3.25	5.83
Granted	307,500	3.30
Exercised	—	—
Canceled or Forfeited	—	—
Outstanding at November 30, 2017	871,500	$3.27	6.00
Granted	420,000
Exercised	—
Canceled or Forfeited	177,500
Outstanding at November 30, 2018	1,114,000	$3.11	7.50	—

Future amortization expense

A summary of the future amortization expense of stock options outstanding as of November 30, 2018 is as follows:



For the years ended November 30,
2019	2020	2021	2022	2023
$292,994	$190,217	$169,124	$119,973	$46,453

Schedule of shares authorized by exercise price range

The following table summarizes information about currently outstanding and vested stock options at November 30, 2018:



		Weighted-Average Remaining Term (years)
	Number of Options Granted		Number of Option Shares Vested
Exercise Price	Number of Options Granted		Number of Option Shares Vested
$2.85	270,000	9.56	—
$2.85	150,000	4.55	—
$3.03	14,000	2.85	5,600
$3.16	225,000	2.00	225,000
$3.18	10,000	6.36	6,000
$3.30	205,000	8.56	41,000
$3.30	75,000	3.84	75,000
$3.35	130,000	7.56	52,000
$3.48	35,000	6.10	21,000
Total	1,114,000		425,600

CCA INDUSTRIES INC 10-K