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Common Shares, Warrants and Options (Detail Narrative) - USD ($) | 9 Months Ended | 12 Months Ended
--- | --- | ---
May 31, 2023 | May 31, 2022 | Aug. 31, 2022
Sale average price | $ 3.30 |  |
Number of stock options, granted | 510,433 |  |
Exercise price | $ 2.11 |  | $ 4.21
Description of incentives plan | The Company has established an Equity Incentive Plan which currently allows the board of directors to grant up to 510,433 stock options to directors, officers, employees, and consultants. On May 9, 2023, at its annual shareholder meeting, the Company’s shareholders approved amendments to the Equity Incentive Plan, whereby the board of directors were authorized to grant up to 809,165 stock options to directors, officers, employees, and consultants with such amount being adjusted on January 1 each year commencing January 1, 2024, pursuant to an evergreen formula, to be equal to up to 10% of the issued share capital on December 31 of the previous year |  |
Stock based compensation expense | $ 160,748 | $ 519,718 |
Unrecognized non-cash compensation costs | $ 39,117 |  |
Sale of common shares | 34,652 |  |
Net proceeds from sale of common shares | $ 111,021 |  |
Non-vested stock options | 11,750 |  |
Options repricing | 267,969 |  |
Compensation expense for options repricing | $ 25,194 |  |
Option strike price | $ 3.27 |  |
Weighted Average Remaining Contractual Life | 9 months 25 days |  |
Warrants |  |  |
Number of Warrants exercisable | 2,106,000 |  |
Number of Warrants sold | 2,106,000 |  |
Sale price per share | $ 0.95 |  |
Weighted Average Remaining Contractual Life | 5 years |  |
Stock Options |  |  |
Exercise price repriced | $ 3.00 |  |
Options repricing | 267,969 |  |
Stock Options | Minimum |  |  |
Exercise price | $ 9.60 |  |
Stock Options | Maximum |  |  |
Exercise price | $ 4.80 |  |

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