Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants (Tables)

v3.3.1.900
Stock Options and Warrants (Tables)
6 Months Ended
Nov. 30, 2015
Stock Option and Warrant Activity

The following table represents stock option and warrant activity as of and for the six-months ended November 30, 2015:

 

     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

     14,074,092         0.78         —           —     

Exercised

     —           —           —           —     

Forfeited/expired/cancelled

     (465,000      —           —           —     
  

 

 

          

Options and warrants outstanding at November 30, 2015

     44,618,007         0.84         3.39         4,043,336   
  

 

 

          

Outstanding exercisable at November 30, 2015

     41,406,237       $ 0.84         3.13       $ 3,959,503