Quarterly report pursuant to sections 13 or 15(d)

Stock Options and Warrants (Tables)

v2.4.0.8
Stock Options and Warrants (Tables)
9 Months Ended
Feb. 28, 2014
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the nine months ended February 28, 2014:

 

     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

     18,114,156      $ 0.74         

Exercised

     (50,000   $ —           

Forfeited/expired/cancelled

     (4,240,767   $ 1.53         

Options and warrants outstanding – February 28, 2014

     31,970,327      $ 1.15         3.39       $ 2,691,129   
  

 

 

         

Outstanding exercisable – February 28, 2014

     30,211,160      $ 1.15         3.38       $ 2,591,729