XML 17 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS` EQUITY - USD ($)
Series A Preferred Stock [Member]
5% Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balances at May. 31, 2020 $ 25,714 $ 939,205 $ 36,388,056 $ (39,841) $ (23,100,081) $ 14,213,053
Balances (in Shares) at May. 31, 2020 321,429 11,740,089        
Exercise of stock options   $ 6,940 95,315     102,255
Exercise of stock options (in Shares)   86,750        
Net proceeds from ATM   $ 12,712 998,763     1,011,475
Net proceeds from ATM (in Shares)   158,889        
Foreign currency translation       (8,115)   (8,115)
Conversion of preferred to common stock $ (25,714) $ 25,714        
Conversion of preferred to common stock (in Shares) (321,429) 321,429        
Compensation expense in connection with options granted     1,354,609     1,354,609
Net loss         (7,446,254) (7,446,254)
Balances at May. 31, 2021 $ 984,571 38,836,743 (47,956) (30,546,335) 9,227,023
Balances (in Shares) at May. 31, 2021 12,307,157        
Exercise of stock options   $ 3,160 74,200     77,360
Exercise of stock options (in Shares)   39,500        
Net proceeds from ATM   $ 41,701 2,275,459     2,317,160
Net proceeds from ATM (in Shares)   521,267        
Foreign currency translation       (25,980)   (25,980)
Compensation expense in connection with options granted     1,260,195     1,260,195
Net loss         (4,531,044) (4,531,044)
Balances at May. 31, 2022 $ 1,029,432 $ 42,446,597 $ (73,936) $ (35,077,379) $ 8,324,714
Balances (in Shares) at May. 31, 2022 12,867,924