Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants (Tables)

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Stock Options and Warrants (Tables)
3 Months Ended
Aug. 31, 2015
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the three-months ended August 31, 2015:

 

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

Options and warrants outstanding - May 31, 2015

     31,008,915       $ 0.88         2.94       $ 5,538,335   

Granted

     8,994,921         0.77         —           —     

Exercised

     —           —           —           —     

Forfeited/expired/cancelled

     —           —           —           —     
  

 

 

          

Options and warrants outstanding - August 31, 2015

     40,003,836         0.86         3.21         1,322,175   
  

 

 

          

Outstanding exercisable - August 31, 2015

     37,900,398       $ 0.86         3.12       $ 1,281,509