2. Liquidity and Capital Resources	9 Months Ended
Feb. 28, 2019
Liquidity And Capital Resources
Liquidity and Capital Resources	2. Liquidity and Capital Resources: Cash Flows – During the nine months ended February 28, 2019, the Company primarily generated cash and cash equivalents, from issuances of its common and preferred stock to fund its operations. The Company received total proceeds of $10,371,050 of proceeds from the issuance of Series “D-2017” convertible preferred stock as of February 28, 2019, $6,793,050 of which was received for the year ended May 31, 2018 and $3,578,000 of which was received for the nine months ended February 28, 2019. Cash flows used in operations for the nine months ended February 28, 2019 and 2018 were $8,398,744 and $5,164,107, respectively. The increased cash used in operations was due to increased general and administrative expenses used in operations. Capital Resources – As of February 28, 2019, the Company had cash and cash equivalents of $2,287,965 as compared to cash and cash equivalents of $1,390,258 as of May 31, 2018. Since inception in 1997, the Company has primarily relied upon proceeds from private placements of its equity securities to fund its operations. The Company anticipates continuing to rely on sales of our securities in order to continue to fund business operations. Issuances of additional shares will result in dilution to its existing stockholders. There is no assurance that the Company will be able to complete any additional sales of our equity securities or that it be able arrange for other financing to fund our planned business activities. Going Concern – The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. There is potential that the Company will not continue as a going concern. The recoverability of recorded property and equipment, intangible assets, and other asset amounts shown in the accompanying financial statements is dependent upon the Company’s ability to continue as a going concern and to achieve a level of profitability. The Company intends on financing its future activities and its working capital needs largely from the sale of equity securities until such time that funds provided by operations are sufficient to fund working capital requirements. However, there can be no assurance that the Company will be successful in its efforts. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

2. Liquidity and Capital Resources

9 Months Ended

Feb. 28, 2019

2. Liquidity and Capital Resources:

Cash Flows – During the nine months ended February 28, 2019, the Company primarily generated cash and cash equivalents, from issuances of its common and preferred stock to fund its operations. The Company received total proceeds of $10,371,050 of proceeds from the issuance of Series “D-2017” convertible preferred stock as of February 28, 2019, $6,793,050 of which was received for the year ended May 31, 2018 and $3,578,000 of which was received for the nine months ended February 28, 2019.

Cash flows used in operations for the nine months ended February 28, 2019 and 2018 were $8,398,744 and $5,164,107, respectively. The increased cash used in operations was due to increased general and administrative expenses used in operations.

Capital Resources – As of February 28, 2019, the Company had cash and cash equivalents of $2,287,965 as compared to cash and cash equivalents of $1,390,258 as of May 31, 2018.

Since inception in 1997, the Company has primarily relied upon proceeds from private placements of its equity securities to fund its operations. The Company anticipates continuing to rely on sales of our securities in order to continue to fund business operations. Issuances of additional shares will result in dilution to its existing stockholders. There is no assurance that the Company will be able to complete any additional sales of our equity securities or that it be able arrange for other financing to fund our planned business activities.

Going Concern – The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. There is potential that the Company will not continue as a going concern. The recoverability of recorded property and equipment, intangible assets, and other asset amounts shown in the accompanying financial statements is dependent upon the Company’s ability to continue as a going concern and to achieve a level of profitability. The Company intends on financing its future activities and its working capital needs largely from the sale of equity securities until such time that funds provided by operations are sufficient to fund working capital requirements. However, there can be no assurance that the Company will be successful in its efforts. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.