SHAREHOLDERS' EQUITY

6 Months Ended

Nov. 30, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 3:  SHAREHOLDERS’ EQUITY

Stock option expense during the six months ended November 30, 2021 and 2020 was approximately $634,000 and $500,000 (as restated, see Note 8 to these Financial Statements), respectively.

During the six months ended November 30, 2021, the Company sold 363,670 shares of its common stock at prices ranging from $4.02 to $5.63 under its January 22, 2021 prospectus supplement and the ATM Agreement (see Note 2 to these Financial Statements) which resulted in gross proceeds of approximately $1,751,000 and net proceeds to the Company of approximately $1,684,000 after deducting commissions for each sale and legal, accounting and other fees related to the filing of the Form S-3.