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

STOCKHOLDERS’ EQUITY (Tables)

v3.10.0.1
STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended 12 Months Ended
Nov. 30, 2018
May 31, 2018
Stockholders' Equity Note [Abstract]    
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by 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       2.97     $ 0.49       35,782,952     $ 0.49  
  0.50       2,736,500       3.23       0.50       2,736,500       0.50  
  0.60       17,500,000       3.00       0.60       17,500,000       0.60  
  0.75       1,042,738       2.62       0.75       1,042,738       0.75  
                                             
          57,062,190       2.98     $ 0.53       57,062,190     $ 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

    52,776,202     $ 0.58  

Exercised

    (415,000

)

  $ 0.75  

Cancelled / Expired

    -     $ -  

Warrants outstanding at November 30, 2018

    57,062,190     $ 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