General and administrative expenses for the three-month
periods ended May 31, 2021 and 2020 were as follows:
| |
|
May 31, 2021 |
|
|
May 31, 2020 |
|
| Professional fees |
|
$ |
1,631,451 |
|
|
$ |
221,697 |
|
| Employee compensation(1) |
|
|
461,405 |
|
|
|
1,142,851 |
|
| Directors and officers insurance |
|
|
868,647 |
|
|
|
473,574 |
|
| Other |
|
|
199,068 |
|
|
|
114,959 |
|
| |
|
$ |
3,160,571 |
|
|
$ |
1,953,081 |
|
| (1) |
Includes stock-based compensation expense. In the three-month period ended May 31, 2021, the Company recorded RSU forfeitures for an amount of $935,837 (2020 – $4,005) as a net reversal of stock-based compensation. |
|