Quarterly report pursuant to sections 13 or 15(d)

Stock Options and Warrants (Tables)

v2.4.0.6
Stock Options and Warrants (Tables)
9 Months Ended
Feb. 28, 2013
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the nine months ended February 28, 2013:

 

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

Options and warrants outstanding – May 31, 2012

     10,327,664      $ 1.60         3.20       $ 2,308,279   

Granted

     9,615,633      $ 1.70         

Exercised

     (755,000   $ 0.25         

Forfeited/expired/cancelled

     (1,150,000   $ 2.00         

Options and warrants outstanding – February 28, 2013

     18,038,297      $ 1.68         2.02       $ 1,793,958   

Outstanding exercisable – February 28, 2013

     16,833,232      $ 1.67         1.89       $ 1,793,958