NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) - USD ($) |
12 Months Ended | |
---|---|---|
May 31, 2020 |
May 31, 2019 |
|
Navy Capital Debenture 1 [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 4,000,000 | |
Interest rate | 8.00% | |
Dated | Oct. 31, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 3,254,896 | |
Discount | 1,084,965 | $ 632,896 |
Accrued interest | $ 344,962 | 191,363 |
Convertible | The U.S. Convertible Debenture 1 is convertible into units (the "Convertible Debenture Units") at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 370,057 | 134,400 |
Navy Capital Debenture 2 [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 1,000,000 | |
Interest rate | 8.00% | |
Dated | Oct. 31, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 813,724 | |
Discount | 271,241 | 158,224 |
Accrued interest | $ 86,240 | 47,841 |
Convertible | The U.S. Convertible Debenture 2 is convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 92,514 | 33,600 |
Murray FA Debenture [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 100,000 | |
Interest rate | 8.00% | |
Dated | Oct. 24, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 75,415 | |
Discount | 25,138 | 14,664 |
Accrued interest | $ 8,638 | 4,945 |
Convertible | The U.S. Convertible Debenture 3 is convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 9,117 | 3,496 |
Darling Capital Debenture [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 532,000 | |
Interest rate | 8.00% | |
Dated | Oct. 25, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 416,653 | |
Discount | 138,884 | 81,016 |
Accrued interest | $ 45,942 | 26,185 |
Convertible | The U.S. Convertible Debenture 4 is convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 48,623 | 18,478 |
Sabharwal Debenture [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 150,000 | |
Interest rate | 8.00% | |
Dated | Oct. 26, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 120,100 | |
Discount | 40,033 | 23,353 |
Accrued interest | $ 12,950 | 7,348 |
Convertible | The U.S. Convertible Debenture 5 is convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 13,743 | 5,176 |
Srinivasan Debenture 6 [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 75,000 | |
Interest rate | 8.00% | |
Dated | Oct. 26, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Discount recorded | $ 60,049 | |
Discount | 20,019 | 11,674 |
Accrued interest | $ 6,475 | 3,674 |
Convertible | The U.S. Convertible Debenture 6 is convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10 | |
matures | 3 years | |
Transferred | $ 6,871 | 2,588 |
US Convertible Debenture 7 [Member] | ||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items] | ||
Amount | $ 12,012,000 | |
Interest rate | 8.00% | |
Dated | Dec. 12, 2018 | |
Conversion rate (in Dollars per share) | $ 0.80 | |
Accrued interest | $ 1,025,549 | 458,759 |
Convertible | The Canaccord Debentures are convertible into Convertible Debenture Units at a conversion price of $0.80 per Convertible Debenture Unit. Each Convertible Debenture Unit consists of (i) one share of the Company's common stock, and (ii) one-half of one warrant, with each warrant exercisable for three years to purchase a share of common stock at a price of $1.10. | |
matures | 3 years | |
Transferred | $ 984,300 | $ 291,249 |
Converted | $ 25,857 | |
Converted shares (in Shares) | 32,321 | |
Converted, warrants (in Shares) | 16,160 |