Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants (Tables)

v3.8.0.1
Stock Options and Warrants (Tables)
 6 Months Ended
Nov. 30, 2017
Estimated Fair Value of Warrants is determined using Black-Scholes Option Valuation Model

The Company determined the fair value of the warrant extension using the Black-Scholes option pricing model utilizing certain weighted-average assumptions, such as expected stock price volatility, term of the warrants, risk-free rate and expected dividend yield at date of exercise.

 

     2017  

Expected dividend yield

      0 % 

Stock price volatility

      61.48 % 

Expected term

      1 month  

Risk-free interest rate

      0.84 % 

Grant-date fair value

    $ 0.25  
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the six months ended November 30, 2017:

 

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

Options and warrants outstanding - May 31, 2017

      77,859,626      $ 0.86        3.40      $ 40,250  
  

 

 

           

Granted

      16,497,852        0.78        —          —    

Exercised

      (3,295,000 )       0.50        —          —    

Forfeited/expired/cancelled

      (3,510,677 )       0.98        —          —    
  

 

 

           

Options and warrants outstanding - November 30, 2017

      87,551,801        0.83        3.51        70,500  
  

 

 

           

Outstanding exercisable - November 30, 2017

      83,426,884      $ 0.83        3.25      $ 37,750