SHAREHOLDERS' EQUITY

3 Months Ended

Aug. 31, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 3:  SHAREHOLDERS’ EQUITY

Stock option expense during the three months ended August 31, 2021 and 2020 were $319,622 and $246,787 (as restated, see Note 8 to the Financial Statements), respectively.

During the three months ended August 31, 2021, the Company sold 201,553 shares of its common stock at prices ranging from $4.02 to $4.47 under its January 22, 2021 prospectus supplement and the ATM Agreement (see Note 2 to Financial Statements) which resulted in gross proceeds of $838,332 and net proceeds to the Company of $800,710 after deducting commissions for each sale and legal, accounting and other fees related to the filing of the Form S-3.