Public Warrant Tender Offerings
|3 Months Ended|
Aug. 31, 2019
|Public Warrant Tender Offerings [Abstract]|
|Public Warrant Tender Offerings||
Note 10 – Public Warrant Tender Offerings
During the three months ended August 31, 2019, the Company conducted two public warrant tender offers, in which accredited investors purchased unregistered common stock at either $0.30 or $0.40 per share. Pursuant to the offering, the Company sold a total of 45,375,923 shares of common stock, $0.001 par value, for aggregate gross proceeds of approximately $11.9 million. The Company paid placement agent fees of approximately $1.1 million for services in connection with the offering. The Company also recorded a
non-cashinducement interest expense of approximately $2.4 million in connection with the offerings.