Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.7.0.1
Derivative Liability (Tables)
12 Months Ended
May 31, 2017
Assumptions used in Estimating Fair Value of Warrant Derivative Liability

The Company estimated the fair value of the warrant derivative liability as of inception, and May 31, 2017, using the following assumptions:

 

    September 15,
2016
    May 31,
2017
 

Fair value of underlying stock

  $ 0.78     $ 0.60  

Risk free rate

    1.20     1.71

Expected term (in years)

    5       4.29  

Stock price volatility

    106     94

Expected dividend yield

    —         —    

Probability of Fundamental Transaction

    50     50

Probability of holder requesting cash payment

    50     50