General form of registration statement for all companies including face-amount certificate companies

STOCKHOLDERS??? EQUITY (Tables)

v3.19.2
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended 12 Months Ended
Feb. 28, 2019
May 31, 2018
Stockholders' Equity Note [Abstract]    
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
This table does not include the special warrants; see Special Warrant section below:

 

Range of 

exercise

Prices

 

 

 

Number of 

warrants

Outstanding

 

 

 

Weighted 

average

remaining

contractual

life (years)

 

 

Weighted 

average

exercise

price of

outstanding 

Warrants

 

 

 

Number of

warrants 

Exercisable

 

 

Weighted

average

exercise

price of

exercisable 

Warrants

 

$

0.49

 

 

 

35,782,952

 

 

 

2.73

 

 

$

0.49

 

 

 

35,782,952

 

 

$

0.49

 

 

0.50

 

 

 

2,736,500

 

 

 

2.98

 

 

 

0.50

 

 

 

2,736,500

 

 

 

0.50

 

 

0.60

 

 

 

17,500,000

 

 

 

2.76

 

 

 

0.60

 

 

 

17,500,000

 

 

 

0.60

 

 

0.75

 

 

 

1,042,738

 

 

 

2.37

 

 

 

0.75

 

 

 

1,042,738

 

 

 

0.75

 

 

0.80

 

 

 

1,343,400

 

 

 

2.79

 

 

 

0.80

 

 

 

1,343,400

 

 

 

0.80

 

 

1.10

 

 

 

279,875

 

 

 

2.79

 

 

 

1.10

 

 

 

279,875

 

 

 

1.10

 

 

 

 

 

 

58,685,465

 

 

 

2.74

 

 

$

0.53

 

 

 

58,685,465

 

 

$

0.53

 

The following table summarizes the significant terms of warrants outstanding at May 31, 2018. These warrants were granted as part of financing agreements. This table includes the 205,238 Unit Warrants:

 

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

average

 

 

average

 

 

 

 

 

 

average

 

Range of

 

 

Number of

 

 

remaining

 

 

exercise

 

 

 

 

 

 

exercise

 

exercise

 

 

warrants

 

 

contractual

 

 

price of

 

 

Number of

 

 

price of

 

Prices

 

 

Outstanding

 

 

life (years)

 

 

outstanding Warrants

 

 

warrants Exercisable

 

 

exercisable Warrants

 

$

0.75

 

 

 

2,825,988

 

 

 

3.33

 

 

$

0.75

 

 

 

2,825,988

 

 

$

0.75

 

 

0.60

 

 

 

1,875,000

 

 

 

4.96

 

 

 

0.60

 

 

 

1,875,000

 

 

 

0.60

 

 

 

 

 

 

4,700,988

 

 

 

3.98

 

 

 

0.69

 

 

 

4,700,988

 

 

 

0.69

 

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
This table does not include the special warrants; see Special Warrant section below.

   

Number of

Shares

   

Weighted

Average

Exercise

Price

 

Warrants outstanding at May 31, 2018

    4,700,988     $ 0.62  

Granted

    54,399,477     $ 0.53  

Exercised

    (415,000

)

  $ 0.75  

Cancelled / Expired

    -     $ -  

Warrants outstanding at February 28, 2019

    58,685,465     $ 0.53  
Transactions involving warrants are summarized as follows:

   

Number of

Shares

   

Weighted

Average

Exercise

Price

 

Warrants outstanding at May 31, 2017

    -     $ -  

Granted

    4,700,988     $ 0.69  

Exercised

    -     $ -  

Cancelled / Expired

    -     $ -  

Warrants outstanding at May 31, 2018

    4,700,988     $ 0.69