Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants (Tables)

v3.3.1.900
Stock Options and Warrants (Tables)
9 Months Ended
Feb. 29, 2016
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the nine months ended February 29, 2016:

 

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

Options and warrants outstanding at May 31, 2015

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

Granted

     32,581,111         0.78         —           —     

Exercised

     (388,442      —           —           —     

Forfeited/expired/cancelled

     (465,000      —           —           —     
  

 

 

          

Options and warrants outstanding at February 29, 2016

     62,736,584         0.82         3.72         7,645,082   
  

 

 

          

Outstanding exercisable at February 29, 2016

     58,349,129         0.82         3.50         7,451,385