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SUBSEQUENT EVENTS
12 Months Ended
May 31, 2018
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

 9.    SUBSEQUENT EVENTS


Subsequent to May 31, 2018, the Company sold 44,321 shares of its common stock at prices ranging from $3.84 to $4.16 under its S-3 Registration Statement which resulted in net proceeds to the Company of $170,958, after deducting commissions for each sale.


In August 2018, the Korean Intellectual Property Office (KIPO) issued a Certificate of Patent  covering Biomerica’s compositions, devices and methods of IBS sensitivity testing (entitled “COMPOSITIONS, DEVICES, AND METHODS OF IBS SENSIVITY TESTING”).


The patent specifically applies to Biomerica’s InFoods® IBS product, which is currently in a clinical study in the U.S.  This patent is the first for the InFoods® patent portfolio, providing patent protection for InFoods® IBS in Korea until November 13, 2035.