Annual report pursuant to Section 13 and 15(d)

Stock Options and Warrants (Tables)

v3.7.0.1
Stock Options and Warrants (Tables)
 12 Months Ended
May 31, 2017
Stock Option and Warrant Activity

The following table represents stock option and warrant activity for the periods ended May 31, 2017 and 2016:    

 

     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

      33,838,536        0.80        —          —    

Exercised

      (1,050,301 )       0.70        —          —    

Forfeited/expired/cancelled

      (490,000 )       2.01        —          —    
  

 

 

           

Options and warrants outstanding - May 31, 2016

      63,307,150        0.83        3.20        9,863,492  
  

 

 

           

Granted

      16,935,437        0.99        —          —    

Exercised

      (912,961 )       0.55        —          —    

Forfeited/expired/cancelled

      (1,470,000 )       1.56        —          —    
  

 

 

           

Options and warrants outstanding - May 31, 2017

      77,859,626        0.86        3.40        40,250  
  

 

 

           

Outstanding exercisable - May 31, 2017

      74,535,543      $ 0.85        3.17      $ 40,250