Quarterly report pursuant to Section 13 or 15(d)

Convertible Instruments (Tables)

Convertible Instruments (Tables)
9 Months Ended
Feb. 29, 2020
Warrants At Fair Value And Beneficial Conversion Feature At Intrinsic Value The net proceeds of $5.0 million were allocated first to the redemption provision at its fair value, then to the warrants at their relative fair value and the beneficial conversion feature at its intrinsic value as follows:
     January 30, 2019  
Fair value of redemption provision
   $ 1,465,008  
Relative fair value of equity classified warrants
Beneficial conversion feature
   $ 5,000,000