Quarterly report pursuant to sections 13 or 15(d)

Stock Options and Warrants (Tables)

v2.4.0.6
Stock Options and Warrants (Tables)
3 Months Ended
Nov. 30, 2012
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the six months ended November 30, 2012:

 

     Number of
Shares
    Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual Life
in Years
     Aggregate
Intrinsic Value
 

Options and warrants outstanding – May 31, 2012

     10,327,664      $ 1.60         3.20       $ 2,308,279   

Granted

     9,145,676      $ 1.70         

Exercised

     (755,000   $ 0.25         

Forfeited/expired/cancelled

     (750,000   $ 2.00         

Options and warrants outstanding – November 30, 2012

     17,968,340      $ 1.69         2.17       $ 3,092,853   

Outstanding exercisable – November 30, 2012

     16,376,596      $ 1.65         2.12       $ 3,088,165