CytoDyn Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Convertible Instruments (Tables)

Convertible Instruments (Tables)

12 Months Ended

May 31, 2014

Activity related to the Notes was as follows:


	May 31, 2014			May 31, 2013
Face amount of Notes	$	7,221,250		$	6,588,250

Unamortized discount		(1,932,566	)		(4,539,886	)
Repayments		(500,000	)		—
Conversions		(2,450,000	)		(567,000	)

Total carrying value of Notes		2,338,684			1,481,364
Short-term portion of Notes		—			(328,347	)

Long-term portion of Notes	$	2,338,684		$	1,153,017

Weighted Average Assumptions to Value Investor Warrants

The Company utilized the following weighted average assumptions to value the above investor warrants:


	2014	2013
Expected dividend yield	-0-%	-0-%
Stock price volatility	78 - 93%	70 - 94%
Expected term	3-5 years	2 years
Risk-free interest rate	.64 -1.42%	0.28%
Grant-date fair value	$ .66 - $.72	$ .11 - $1.10

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details