Quarterly report pursuant to sections 13 or 15(d)

Stock Options and Warrants (Tables)

v2.4.0.8
Stock Options and Warrants (Tables)
3 Months Ended
Aug. 31, 2013
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the three months ended August 31, 2013:

 

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

Options and warrants outstanding – May 31, 2013

     18,146,938      $ 1.65         1.86       $ 140,321   

Granted

     1,123,072      $ .55         

Exercised

     —        $ —           

Forfeited/expired/cancelled

     (403,500   $ 1.41         

Options and warrants outstanding – August 31, 2013

     18,866,510      $ 1.59         1.77       $ 417,243   

Outstanding exercisable – August 31, 2013

     17,104,010      $ 1.62         1.57       $ 417,243