Annual report pursuant to Section 13 and 15(d)

Stock Options and Warrants (Tables)

v3.20.2
Stock Options and Warrants (Tables)
 12 Months Ended
May 31, 2020
Stock Option and Warrant Activity
The following table represents stock option and warrant activity for the years ended May 31, 2019 and May 31, 2020:
 
 
  
Number of

Shares
 
  
Weighted

Average

Exercise Price
 
  
Weighted

Average

Remaining

Contractual Life

in Years
 
  
Aggregate

Intrinsic Value
 
 
 
 
 
Options and warrants outstanding—May 31, 2018
  
 
132,385,269
 
  
$
0.80
 
  
 
3.78
 
  
$
3,673
 
 
  
 
 
 
  
      
  
      
  
      
Granted
  
 
64,834,121
 
  
$
0.57
 
  
 
—  
 
  
 
—  
 
Exercised
  
 
(7,541,279
) 
  
$
0.40
 
  
 
—  
 
  
 
—  
 
Forfeited/expired/cancelled
  
 
(11,086,262
) 
  
$
0.81
 
  
 
—  
 
  
 
—  
 
 
  
 
 
 
  
      
  
      
  
      
Options and warrants outstanding—May 31, 2019
  
 
178,591,849
 
  
$
0.71
 
  
 
3.66
 
  
$
896,400
 
 
  
 
 
 
  
      
  
      
  
      
Granted
  
 
57,720,125
 
  
$
0.47
 
  
 
—  
 
  
 
—  
 
Exercised
  
 
(101,852,619
) 
  
$
0.56
 
  
 
—  
 
  
 
—  
 
Forfeited/expired/cancelled
  
 
(3,098,826
) 
  
$
0.74
 
  
 
—  
 
  
 
—  
 
 
  
 
 
 
  
      
  
      
  
      
Options and warrants outstanding—May 31, 2020
  
 
131,360,529
 
  
 
0.65
 
  
 
5.79
 
  
$
302,961,000
 
 
  
 
 
 
  
      
  
      
  
      
Outstanding exercisable—May 31, 2020
  
 
131,357,234
 
  
$
0.65
 
  
 
3.79
 
  
$
295,704,000