Quarterly report pursuant to sections 13 or 15(d)

Stock Options and Warrants (Tables)

v2.4.0.8
Stock Options and Warrants (Tables)
6 Months Ended
Nov. 30, 2013
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the six months ended November 30, 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

     17,848,540      $ 0.74         

Exercised

     (50,000   $ 1.00         

Forfeited/expired/cancelled

     (1,578,645   $ 1.40         
  

 

 

         

Options and warrants outstanding – November 30, 2013

     34,366,833      $ 1.19         3.47       $ 10,474,005   
  

 

 

         

Outstanding exercisable – November 30, 2013

     32,570,497      $ 1.19         3.46       $ 9,902,708