Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Note 9 - Lease Obligations

Note 9 - Lease Obligations
12 Months Ended
Nov. 30, 2018
Leases, Capital [Abstract]  
Lease Obligations

On December 1, 2015, the Company entered into a new lease agreement for the premises that it currently operates from, as well the adjoining property which is owned by the same landlord, for a 5 year term with a 5 year renewal option. The Company also has an option to purchase the combined properties after March 1, 2017 and up to November 30, 2020 based on a fair value purchase formula. Future minimum lease payments under leases with terms of one year or more are as follows at November 30, 2018:

Year ending November 30,     Lease 
2019          180,436
2020          180,436