XML 23 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events
3 Months Ended
Aug. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 7:  Subsequent Events


     In September 2018, the Company granted 139,000 options to purchase common stock to various employees at the exercise price of $3.62 per share under the 2017 Stock Option and Restricted Stock Option plan. The shares are exercisable one quarter one year from date of grant and one quarter per year thereafter and expire five years from date of grant.


     Subsequent to August 31, 2018, the Company sold 52,936 shares of its common stock under its At Market Issuance Sales Agreement and S-3 Registration Statement for total net proceeds of approximately $180,000.


     Subsequent to August 31, 2018, 27,000 options to purchase shares of the Company’s common stock were exercised at prices ranging from $0.71 to $1.04. Gross proceeds to the Company were $20,500.