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

STOCKHOLDERS' EQUITY (Tables)

v3.22.1
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended 12 Months Ended
Nov. 30, 2021
May 31, 2021
Stockholders' Equity Note [Abstract]    
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

The following table summarizes the significant terms of warrants outstanding at November 30, 2021. This table does not include the unit warrants. See Unit Warrants 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

 

$

0.41

 

 

 

484,493

 

 

 

1.06

 

 

$

0.41

 

 

 

484,493

 

 

$

0.41

 

 

0.50

 

 

 

2,736,500

 

 

 

0.11

 

 

 

0.50

 

 

 

2,736,500

 

 

 

0.50

 

 

0.60

 

 

 

3,125,000

 

 

 

0.87

 

 

 

0.60

 

 

 

3,125,000

 

 

 

0.60

 

 

1.10

 

 

 

279,875

 

 

 

0.07

 

 

 

1.10

 

 

 

279,875

 

 

 

1.10

 

 

 

 

 

 

6,625,868

 

 

 

0.54

 

 

$

0.09

 

 

 

6,625,868

 

 

$

0.50

 

 

The following table summarizes the significant terms of warrants outstanding at May 31, 2021. This table does not include the unit warrants. See Unit Warrants 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

 

 

 

33,465,110

 

 

 

1.50

 

 

$

0.49

 

 

 

33,465,110

 

 

$

0.49

 

 

 

0.50

 

 

 

2,736,500

 

 

 

1.73

 

 

 

0.50

 

 

 

2,736,500

 

 

 

0.50

 

 

 

0.60

 

 

 

17,500,000

 

 

 

1.50

 

 

 

0.60

 

 

 

17,500,000

 

 

 

0.60

 

 

 

1.10

 

 

 

296,035

 

 

 

1.56

 

 

 

1.10

 

 

 

296,035

 

 

 

1.10

 

 

 

 

 

 

 

53,997,645

 

 

 

0.51

 

 

$

0.53

 

 

 

53,997,645

 

 

$

0.53

 

 

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Transactions involving warrants are summarized as follows. This table does not include the unit warrants. See Unit Warrants section below.

 

 

 

Number of

Shares

 

 

Weighted Average

Exercise Price

 

Warrants outstanding at May 31, 2020

 

 

54,835,145

 

 

$

0.53

 

Granted

 

 

-

 

 

$

-

 

Exercised

 

 

-

 

 

$

-

 

Cancelled / Expired

 

 

(837,500

)

 

$

0.75

 

 

 

 

 

 

 

 

 

 

Warrants outstanding at May 31, 2021

 

 

53,997,645

 

 

$

0.53

 

Granted

 

 

468,333

 

 

$

0.41

 

Exercised

 

 

-

 

 

$

-

 

Cancelled / Expired

 

 

(47,840,110

)

 

$

1.14

 

Warrants outstanding at November 30, 2021

 

 

6,625,868

 

 

$

0.09

 

 

Transactions involving warrants are summarized as follows. This table does not include the unit warrants. See Unit Warrants section below.

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

Warrants outstanding at May 31, 2019

 

 

54,818,985

 

 

$

0.53

 

Granted

 

 

16,160

 

 

$

1.10

 

Exercised

 

 

-

 

 

$

-

 

Cancelled / Expired

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

Warrants outstanding at May 31, 2020

 

 

54,835,145

 

 

$

0.53

 

Granted

 

 

-

 

 

$

-

 

Exercised

 

 

-

 

 

$

-

 

Cancelled / Expired

 

 

(837,500

)

 

$

0.75

 

Warrants outstanding at May 31, 2021

 

 

53,997,645

 

 

$

0.53