0001683168-20-001132.txt : 20200408 0001683168-20-001132.hdr.sgml : 20200408 20200408124751 ACCESSION NUMBER: 0001683168-20-001132 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 40 CONFORMED PERIOD OF REPORT: 20200229 FILED AS OF DATE: 20200408 DATE AS OF CHANGE: 20200408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PATRIOT SCIENTIFIC CORP CENTRAL INDEX KEY: 0000836564 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 841070278 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-22182 FILM NUMBER: 20781604 BUSINESS ADDRESS: STREET 1: 2038 CORTE DEL NOGAL, SUITE 141 CITY: CARLSBAD STATE: CA ZIP: 92011-1478 BUSINESS PHONE: 760-795-8517 MAIL ADDRESS: STREET 1: 2038 CORTE DEL NOGAL, SUITE 141 CITY: CARLSBAD STATE: CA ZIP: 92011-1478 FORMER COMPANY: FORMER CONFORMED NAME: PATRIOT FINANCIAL CORP DATE OF NAME CHANGE: 19920521 10-Q 1 patscientific_10k-022920.htm FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 29, 2020

[_]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to _______________

Commission File Number 0-22182

PATRIOT SCIENTIFIC CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of

incorporation or organization)

84-1070278

(I.R.S. Employer Identification No.)

2038 Corte Del Nogal, Suite 141, Carlsbad, California

(Address of principal executive offices)

92011

(Zip Code)

(Registrant’s telephone number, including area code): (760) 795-8517

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
None		None		None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES [X ] NO [_]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YES [X] NO [_]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [_]	Accelerated filer [_]
Non-accelerated filer [X]	Smaller reporting company [X]
Emerging growth company [_]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [_] NO [X]

On April 8, 2020, 401,392,948 shares of common stock, par value $0.00001 per share were outstanding.

INDEX

	Page
PART I. FINANCIAL INFORMATION
ITEM 1. Financial Statements	3
Condensed consolidated Balance Sheets as of February 29, 2020 (unaudited) and May 31, 2019	3
Condensed consolidated Statements of Operations for the three and nine months ended February 29, 2020 and February 28, 2019 (unaudited)	4
Condensed consolidated Statements of Cash Flows for the nine months ended February 29, 2020 and February 28, 2019 (unaudited)	5
Condensed consolidated Statements of Stockholders’ Equity for the three and nine months ended February 29, 2020 and February 28, 2019 (unaudited)	6
Notes to condensed consolidated Financial Statements (unaudited)	7
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk	24
ITEM 4. Controls and Procedures	24
PART II. OTHER INFORMATION
ITEM 1. Legal Proceedings	25
ITEM 1A. Risk Factors	25
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds	27
ITEM 3. Defaults Upon Senior Securities	27
ITEM 4. Mine Safety Disclosures	27
ITEM 5. Other Information	27
ITEM 6. Exhibits	27

SIGNATURES	28

PART I- FINANCIAL INFORMATION

Item 1. Financial Statements

Patriot Scientific Corporation

Condensed Consolidated Balance Sheets

	February 29, 2020			May 31, 2019
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	748,829		$	787,086
Restricted cash and cash equivalents		177,247			198,843
Investments in marketable securities		–			750,000
Prepaid expenses and other current assets		31,505			28,003
Deferred income taxes		52,156			–
Total current assets		1,009,737			1,763,932

Property and equipment, net		448			814
Deferred income taxes		–			52,156
Investment in affiliated company		34,403			107,861
Total assets	$	1,044,588		$	1,924,763

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	24,434		$	8,868
Accrued expenses and other		281,245			219,344
Total current liabilities		305,679			228,212
Total liabilities		305,679			228,212

Commitments and contingencies

Stockholders’ equity:
Preferred stock, $0.00001 par value; 5,000,000 shares authorized: none outstanding		–			–
Common stock, $0.00001 par value: 600,000,000 shares authorized: 438,242,618 shares issued and 401,392,948 shares outstanding at February 29, 2020 and May 31, 2019		4,382			4,382
Additional paid-in capital		77,444,062			77,444,062
Accumulated deficit		(62,083,667	)		(61,126,025	)
Common stock held in treasury, at cost – 36,849,670 shares at February 29, 2020 and May 31, 2019		(14,625,868	)		(14,625,868	)
Total stockholders’ equity		738,909			1,696,551
Total liabilities and stockholders’ equity	$	1,044,588		$	1,924,763

See accompanying notes to unaudited condensed consolidated financial statements

Patriot Scientific Corporation

Condensed Consolidated Statements of Operations

(Unaudited)

	Three months ended						Nine months ended
	February 29, 2020			February 28, 2019			February 29, 2020			February 28, 2019

Operating expenses:
Selling, general and administrative	$	103,834		$	158,623		$	894,311		$	506,029
Total operating expenses		103,834			158.623			894,311			506,029

Other income (expense):
Interest income		2,693			8,433			11,727			21,922
Equity in loss of affiliated company		(139	)		(33,888	)		(73,458	)		(63,411	)
Total other income (expense), net		2,554			(25,455	)		(61,731	)		(41,489	)

Loss before income taxes		(101,280	)		(184,078	)		(956,042	)		(547,518	)

Provision for income taxes		–			–			1,600			1,600

Net loss	$	(101,280	)	$	(184,078	)	$	(957,642	)	$	(549,118	)

Basic and diluted loss per common share	$	–		$	–		$	–		$	–

Weighted average number of common shares outstanding – basic		398,548,318			398,548,318			398,548,318			398,548,318

Weighted average number of common shares outstanding – diluted		398,548,318			398,548,318			398,548,318			398,548,318

See accompanying notes to unaudited condensed consolidated financial statements

Patriot Scientific Corporation

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine months ended
	February 29, 2020			February 28, 2019

Operating activities:
Net loss	$	(957,642	)	$	(549,118	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		366			366
Equity in loss of affiliated company		73,458			63,411
Changes in operating assets and liabilities:
Prepaid expenses and other current assets		(3,502	)		(18,467	)
Income taxes payable		–			1,600
Accounts payable, accrued expenses and other		77,467			(29,439	)
Net cash used in operating activities		(809,853	)		(531,647	)

Investing activities:
Proceeds from sales of marketable securities		1,000,000			–
Purchases of marketable securities		(250,000	)		–
Crossflo acquisition liability		–			177,246
Net cash provided by investing activities		750,000			177,246

Net decrease in cash, cash equivalents, and restricted cash and cash equivalents		(59,853	)		(354,401	)

Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period		985,929			2,319,449

Cash, cash equivalents, and restricted cash and cash equivalents, end of period	$	926,076		$	1,965,048

Reconciliation of cash, cash equivalents, and restricted cash and cash equivalents at end of period:
Cash and cash equivalents	$	748,829		$	1,766,161
Restricted cash and cash equivalents		177,247			198,887
	$	926,076		$	1,965,048
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	$	1,600		$	–

See accompanying notes to unaudited condensed consolidated financial statements.

Patriot Scientific Corporation

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

For the three months ended February 29, 2020

	Common Stock				Additional Paid-in		Accumulated			Treasury			Total Stockholders’
	Shares		Amounts		Capital		Deficit			Stock			Equity
Balance, November 30, 2019		401,392,948	$	4,382	$	77,444,062	$	(61,982,387	)	$	(14,625,868	)	$	840,189
Net loss		–		–		–		(101,280	)		–			(101,280	)
Balance, February 29, 2020		401,392,948	$	4,382	$	77,444,062	$	(62,083,667	)	$	(14,625,868	)	$	738,909

For the three months ended February 28, 2019

	Common Stock				Additional Paid-in		Accumulated			Treasury			Total Stockholders’
	Shares		Amounts		Capital		Deficit			Stock			Equity
Balance, November 30, 2018		401,392,948	$	4,382	$	77,444,062	$	(60,692,602	)	$	(14,625,868	)	$	2,129,974
Net loss		–		–		–		(184,078	)		–			(184,078	)
Balance, February 28, 2019		401,392,948	$	4,382	$	77,444,062	$	(60,876,680	)	$	(14,625,868	)	$	1,945,896

For the nine months ended February 29, 2020

	Common Stock				Additional Paid-in		Accumulated			Treasury			Total Stockholders’
	Shares		Amounts		Capital		Deficit			Stock			Equity
Balance, May 31, 2019		401,392,948	$	4,382	$	77,444,062	$	(61,126,025	)	$	(14,625,868	)	$	1,696,551
Net loss		–		–		–		(957,642	)		–			(957,642	)
Balance, February 29, 2020		401,392,948	$	4,382	$	77,444,062	$	(62,083,667	)	$	(14,625,868	)	$	738,909

For the nine months ended February 28, 2019

	Common Stock				Additional Paid-in		Accumulated			Treasury			Total Stockholders’
	Shares		Amounts		Capital		Deficit			Stock			Equity
Balance, May 31, 2018		401,392,948	$	4,382	$	77,444,062	$	(60,327,562	)	$	(14,625,868	)	$	2,495,014
Net loss		–		–		–		(549,118	)		–			(549,118	)
Balance, February 28, 2019		401,392,948	$	4,382	$	77,444,062	$	(60,876,680	)	$	(14,625,868	)	$	1,945,896

See accompanying notes to unaudited condensed consolidated financial statements.

Patriot Scientific Corporation

Notes to Unaudited Condensed Consolidated Financial Statements

1. Basis of Presentation and Summary of Significant Accounting Policies

The unaudited condensed consolidated financial statements of Patriot Scientific Corporation (the “Company”, “PTSC”, “Patriot”, “we”, “us” or “our”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our Report on Form 10-K for our fiscal year ended May 31, 2019. The condensed consolidated balance sheet at May 31, 2019 has been derived from audited financial statements at that date.

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim period presented. Operating results for the three and nine month periods ended February 29, 2020 may not necessarily be indicative of the results that may be expected for the full fiscal year ending May 31, 2020.

Basis of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.

Liquidity and Management’s Plans

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000.

Historically, we have been a licensing company and have entered into a number of agreements in our pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the US 5,809,336 patent (the “‘336 patent”) against multiple defendants (see Note 6). As result of this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company and a potential new line of business. Currently, we do not have any potential sources of revenue and our joint venture, Phoenix Digital Solutions, LLC (“PDS”) has not generated significant license revenues since September 2013.

In addition, there are a number of uncertainties associated with our financial projections that could increase or expedite our projected expenses, which could negatively impact our cash on hand. Additionally, we do not expect to generate any revenue over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders.

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on current operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

The above matters raise substantial doubt regarding our ability to continue as a going concern.

Investment in Affiliated Companies

We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS.

PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss.

We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.

Income (Loss) Per Share

Basic income (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.

At February 29, 2020 and February 28, 2019, potential common shares of 1,000,000 and 1,600,000, respectively, underlying our outstanding stock options were excluded from the calculation of diluted loss per common share as the impact is anti-dilutive during periods of net loss. As such, there was no difference between basic and diluted loss per common share amounts for the three and nine months ended February 29, 2020 and February 28, 2019. Had we reported net income for the three and nine months ended February 29, 2020 and February 28, 2019, no shares of common stock would have been included in the calculation of diluted income per share using the treasury stock method.

In connection with our acquisition of Crossflo, which became a part of PDSG, we issued 2,844,630 escrow shares that are contingent upon certain representations and warranties made by Crossflo at the time of the merger agreement (see Note 6). We exclude these escrow shares from the basic loss per common share calculations and would have included the escrowed shares in the diluted income per common share calculations if we reported net income.

Income Taxes

We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold.

We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income.

With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets.

On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

Assessment of Contingent Liabilities

We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.

Intellectual Property Rights

PDS, our investment in affiliated company, has historically relied on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. We have seven U.S., nine European, and three Japanese patents all of which expired between August 2009 and October 2016. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration dates. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. Based on this adverse decision, PDS has halted all licensing efforts as we evaluate the future direction of the Company.

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

2. Cash, Cash Equivalents and Restricted Cash

We follow authoritative guidance to account for our marketable securities as held-to-maturity. Under this authoritative guidance, we are required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. We determine fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment or valuations by third party professionals. The three levels of inputs that we may use to measure fair value are:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity).

The following tables detail the fair value measurements within the fair value hierarchy of our cash, cash equivalents and investments in marketable securities:

			Fair Value Measurements at February 29, 2020 Using
	Fair Value at February 29, 2020		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Cash and cash equivalents:
Cash	$	748,829	$	748,829	$	–	$	–
Restricted cash and cash equivalents		177,247		177,247		–		–
Total	$	926,076	$	926,076	$	–	$	–

			Fair Value Measurements at May 31, 2019 Using
	Fair Value at May 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Cash and cash equivalents:
Cash	$	49,149	$	49,149	$	–	$	–
Money market funds		237,937		237,937		–		–
Certificates of deposit		500,000		–		500,000		–
Restricted cash and cash equivalents		198,843		198,843		–		–
Investments in marketable securities:
Certificates of deposit		750,000		–		750,000		–
Total	$	1,735,929	$	485,929	$	1,250,000	$	–

We purchase certificates of deposit with varying maturity dates. The following tables summarize the purchase date maturities, gross unrealized gains or losses and fair value of the certificates of deposit as of May 31, 2019:

	May 31, 2019
	Cost		Gross Unrealized Gains/(Losses)		Fair Value
Maturity
Due in three months or less	$	500,000	$	–	$	500,000
Due in greater than three months		750,000		–		750,000
	$	1,250,000	$	–	$	1,250,000

There were no outstanding certificates of deposit as of February 29, 2020.

3. Investment in Affiliated Companies

Phoenix Digital Solutions, LLC

On June 7, 2005, we entered into a Master Agreement (the “Master Agreement”) with TPL, and Charles H. Moore (“Moore”), the co-inventor of the technology which is the subject of the MMP portfolio of microprocessor patents, pursuant to which the parties resolved all legal disputes between them. Pursuant to the Master Agreement, we and TPL entered into the Limited Liability Company Operating Agreement of PDS (the “LLC Agreement”) into which we and Moore contributed our rights to certain of our technologies.

We and TPL each own 50% of the membership interests of PDS, and each member has the right to appoint one member of the three-member management committee. The two appointees are required to select a mutually acceptable third member of the management committee. There had not been a third management committee member since May 2010; however, as a result of our initiation of arbitration seeking the appointment of a third member, on December 16, 2014, an independent manager to the PDS management committee was selected by the arbitrator. Pursuant to the LLC Agreement, we and TPL initially agreed to establish a working capital fund for PDS of $4,000,000, of which our contribution was $2,000,000. The working capital fund was increased to a maximum of $8,000,000 as license revenues are achieved. We and TPL are obligated to fund future working capital requirements at the discretion of the management committee of PDS in order to maintain working capital of not more than $8,000,000. If the management committee determines that additional capital is required, neither we nor TPL are required to contribute more than $2,000,000 in any fiscal year. No such contributions were made during the three and nine months ended February 29, 2020 and February 28, 2019. Distributable cash and allocation of profits and losses have been allocated to the members in the priority defined in the LLC Agreement.

On July 11, 2012, we entered into the Program Agreement with PDS, TPL, and Alliacense, and an Agreement (the “TPL Agreement”) with TPL. Pursuant to the Program Agreement, PDS engaged Alliacense to negotiate MMP portfolio licenses and to pursue claims against violators of the MMP portfolio on behalf of PDS, TPL, and the Company. The Program Agreement continued through the useful life of the MMP portfolio patents. Pursuant to the TPL Agreement, we and TPL agreed to certain allocations of obligations in connection with the engagement of Alliacense. On July 24, 2014, the Program Agreement was amended with PDS and Alliacense entering into the Amended Alliacense Services and Novation Agreement (the “Novation Agreement”). Pursuant to the Novation Agreement, certain performance goals and incentives were established for Alliacense. The Novation Agreement also provided for the addition of a second licensing company, which was engaged on October 10, 2014, to complement the MMP licensing commercialization. However, Alliacense fulfilled only a portion of its obligations under the Novation Agreement associated with the deployment of the second licensing company and on May 11, 2015, Alliacense was terminated by PDS.

On August 10, 2016, PDS entered into an agreement with Alliacense and MMP Licensing, LLC to settle matters relating to Alliacense’s non-performance under terms of the Novation Agreement. The August 10, 2016 agreement required Alliacense to provide PDS’s second licensing company, Dominion Harbor Group (“DHG”), with certain materials and to cooperate with reasonable discovery requests relating to infringement litigation in the U.S. District Court for the Northern District of California. MMP Licensing, LLC will provide commercialization services to PDS for the MMP portfolio with respect to certain companies. PDS and Alliacense have agreed to cause the arbitration between the parties to be dismissed with prejudice. The August 10, 2016 agreement, and the agreement retaining DHG as PDS’s second licensing company, will both expire on October 4, 2022. Terms of the settlement agreement required PDS to pay Alliacense $84,000 within 24 hours after delivery of materials to PDS’s second licensing agent and to pay Alliacense $84,000 out of subsequent recoveries. PDS paid Alliacense $84,000 on each of August 11, 2016 and October 3, 2016.

During January 2013, TPL and Moore settled their litigation. Terms of the settlement included the payment by PDS to Moore of a consulting fee of $250,000 for four years or until the completion of all outstanding MMP litigation whichever came first. Per terms of the agreement, PDS paid Moore $150,000 on the settlement date and paid Moore $16,667 per month from August 2013 through January 2014 and $20,833 per month beginning February 2014 through January 2017.

Based on our analysis of current authoritative accounting guidance with respect to our investment in PDS, we continue to account for our investment in PDS under the equity method of accounting, and accordingly have recorded our share of PDS’s net loss during the three and nine months ended February 29, 2020 of $139 and $73,458, respectively, and $33,888 and $63,411, respectively, for the three and nine months ended February 28, 2019, as a decrease in our investment as “Equity in loss of affiliated company” in the accompanying condensed consolidated statements of operations.

On March 20, 2013, TPL filed a petition under Chapter 11 of the United States Bankruptcy Code. On March 5, 2018, TPL’s Motion for Entry of Final Decree Closing Chapter 11 was granted. In the event we are required to provide funding to PDS that is not reciprocated by TPL, our ownership percentage in PDS will increase and we will have a controlling financial interest in PDS, in which case, we will consolidate PDS in our condensed consolidated financial statements. If we determine that it is appropriate to consolidate PDS, we would measure the assets, liabilities and noncontrolling interests of PDS at their fair values at the date that we have the controlling financial interest.

PDS’s balance sheets at February 29, 2020 and May 31, 2019 and statements of operations for the three and nine months ended February 29, 2020 and February 28, 2019 are as follows:

Balance Sheets

Assets:

	February 29, 2020		May 31, 2019
		(Unaudited)

Cash	$	68,806	$	237,655

Total assets	$	68,806	$	237,655

Liabilities and Members’ Equity:

	February 29, 2020		May 31, 2019
		(Unaudited)

Payables	$	–	$	21,933
Members’ equity		68,806		215,722
Total liabilities and members’ equity	$	68,806	$	237,655

Statements of Operations:

	Three Months Ended						Nine Months Ended
	February 29, 2020			February 28, 2019			February 29, 2020			February 28, 2019
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Expenses	$	278		$	67,778		$	146,916		$	126,823
Net loss	$	(278	)	$	(67,778	)	$	(146,916	)	$	(126,823	)

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near-term prospects of PDS. If a decline in value is deemed to be other than temporary, we would recognize an impairment loss.

Holocom, Inc.

We currently own 2,100,000 shares of preferred stock, equivalent to an approximate 46% ownership interest on an after converted basis, in Holocom, Inc. (“Holocom”), a California corporation that manufactures products that protect information transmitted over secure networks. The shares are convertible at our option into shares of Holocom’s common stock on a one-to-one basis. The preferred stock entitles us to receive non-cumulative dividends at the per annum rate of $0.04 per share, when and if declared by the Board of Directors of Holocom, as well as a liquidation preference of $0.40 per share, plus an amount equal to all declared but unpaid dividends.

In 2010, we determined that the inability of Holocom to meet its business plan, raise capital, and the general economic environment were indicators of impairment on our investment and we wrote-off our cost basis investment in Holocom. At February 29, 2020 and May 31, 2019, our investment in Holocom was valued at $0.

4. Income Taxes

On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

5. Stockholders’ Equity

Share-based Compensation

Summary of Assumptions and Activity

The fair value of share-based awards to employees and directors is calculated using the Black-Scholes option pricing model, even though this model was developed to estimate the fair value of freely tradable, fully transferable options without vesting restrictions, which differ significantly from our stock options.

The Black-Scholes model also requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the pricing term of the grant effective as of the date of the grant. The expected volatility is based on the historical volatilities of our common stock. These factors could change in the future, affecting the determination of share-based compensation expense in future periods.

A summary of option activity as of February 29, 2020 and changes during the nine months then ended, is presented below:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Options outstanding at June 1, 2019		1,600,000		$	0.03
Options granted		–		$	–
Options exercised		–		$	–
Options forfeited/expired		(600,000	)	$	0.03

Options outstanding at February 29, 2020		1,000,000		$	0.03		0.18	$	–

Options vested and expected to vest at February 29, 2020		1,000,000		$	0.03		0.18	$	–

Options exercisable at February 29, 2020		1,000,000		$	0.03		0.18	$	–

The aggregate intrinsic value represents the differences in market price per share at the close of the quarter ($0.0018 per share as of February 28, 2020) and the exercise price of outstanding, in-the-money options (those options with exercise prices below $0.0018 per share) on February 29, 2020.

6. Commitments and Contingencies

Litigation

Patent Litigation

We, TPL, and PDS (collectively referred to as “Plaintiffs”) are Plaintiffs were in proceedings in the U.S. District Court for the Northern District of California where the Plaintiffs allege infringement of the US 5,809,336 patent (the “‘336 patent”) by: Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Samsung Electronics Co. Ltd., and ZTE Corporation (collectively referred to as the “Defendants”). This litigation was proceeding in front of District Court Judge Vince Chhabria.

These proceedings relate to the proceedings filed by the Plaintiffs in February 2008 in the U.S. District Court for the Northern District of California alleging infringement of the US 5,440,749 patent (the “‘749 patent”), the US 5,530,890 patent (the “‘890 patent”) and the ‘336 patent against Amazon.com Inc., Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., Kyocera Corporation, LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., Sierra Wireless Inc., and ZTE Corporation. We have settled with all defendants except those named in the first paragraph to this footnote. On September 18, 2015, a Markman hearing was held before U.S. Magistrate Judge Grewal and, on September 22, 2015, he issued a claim construction report and recommendation. On September 25, 2015, as a result of the claim construction report and recommendation, Plaintiffs and defendants, with the exception of Huawei Technologies Co. Ltd., (“Huawei”) agreed to stay all proceedings pending resolution of Plaintiffs’ objections to the claim construction report and recommendation. Plaintiffs further stipulated that, under the claim construction provided by the report and recommendation, defendants’ products do not infringe the ‘336 patent, and, in the event that the Court does not materially modify the claim construction, Plaintiffs and defendants ask that the Court enter a final judgment of non-infringement. After Plaintiffs and Huawei filed opposing letter briefs with the Court, U.S. Magistrate Judge Grewal stayed the action against Huawei pending resolution of Plaintiffs’ objections to the claim construction. On October 6, 2015, Plaintiffs filed objections to the claim construction with District Court Judge Chhabria. Judge Chhabria rejected those objections on November 9, 2015. Based on that order, the parties stipulated to a judgment of non-infringement as to the ‘336 patent and such judgment was entered on November 13, 2015.

On December 7, 2015, Plaintiffs filed notices of appeal with the U.S. Federal Circuit appealing the district court’s claim construction. Plaintiffs filed their opening appellate brief on March 10, 2016. Defendants filed their response brief on May 23, 2016, with Plaintiffs filing their reply brief on June 23, 2016. On March 3, 2017, the U.S. Court of Appeals for the Federal Circuit rendered its decision modifying the claim construction that was issued in September 2016 by the U.S. District Court for the Northern District of California and has remanded the matter to the District Court for further proceedings.

On May 23, 2017, a case management conference was held in front of District Court Judge Chhabria, who ordered that Plaintiffs amend their infringement contentions on or before June 16, 2017. Judge Chhabria further ordered that Defendants submit any motion for summary judgment based on the amended infringement contentions and the modified claim construction by August 1, 2017. On June 5, 2017, the law firm of Banys, P.C., who had served as local counsel for PDS, withdrew as counsel. PDS continued to be represented by the law firm of Nelson Bumgardner, P.C. On June 16, 2017, Plaintiffs timely amended their infringement contentions. On July 13, 2017, all remaining counsel for each of Patriot, TPL, and PDS moved to withdraw as counsel and further moved to extend all currently pending case deadlines by 60 days for Plaintiffs to seek new counsel.

On September 13, 2017, the law firm of Bunsow De Mory LLP was entered before the U.S. District Court for the Northern District of California as successor counsel in representation of Patriot, PDS, and TPL.

The Defendants moved for summary judgment of non-infringement on September 29, 2017, and the Court held a hearing on Defendants’ motion on November 30, 2017. The Court granted Defendants’ motion and entered judgment of non-infringement on December 13, 2017.

Defendant Samsung submitted a bill of costs seeking $30,170 in taxable costs in the underlying district court proceedings; Plaintiffs filed an objection to significant portions of that request. On March 1, 2018, the Clerk of the District Court taxed costs in the amount $829.

Plaintiffs filed notices of appeal in these district court matters on January 5, 2018. The appeals were docketed and consolidated under lead case No. 18-1439, captioned as Technology Properties Limited v. Huawei Technologies Co., Ltd in the United States Court of Appeals for the Federal Circuit. Oral argument proceeded on February 4, 2019. The Court affirmed the lower court’s determination without written opinion pursuant to Federal Circuit Rule 36 on February 6, 2019. Plaintiffs filed a Petition for Rehearing En Banc on March 8, 2019 which was denied by the Court on April 10, 2019.

On September 6, 2019 Plaintiffs filed a petition for a writ of certiorari with the Supreme Court of the United States as a result of the United States Court of Appeals outcome.

On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against the Defendants (see Note 1).

Employment Contracts

In connection with Cliff Flowers’ appointment as the Chief Financial Officer of the Company, and commencing on September 17, 2007, we entered into an employment agreement with Mr. Flowers for an initial 120-day term if not terminated pursuant to the agreement, with an extension period of one year and on a continuing basis thereafter. On December 30, 2016, we entered into an amended and restated employment agreement with Mr. Flowers. Pursuant to the amended December 30, 2016 agreement, if Mr. Flowers was terminated without cause or resigns with good reason any time after two years of continuous employment, he was entitled to receive an amount equal to 1.25 times his annual base salary. Mr. Flowers was also entitled to certain payments upon a change of control of the Company if the surviving corporation did not retain him. All such payments were conditional upon the execution of a general release. On October 1, 2019, Mr. Flowers and the Company signed a Separation Agreement and General Release of all Claims (“Separation Agreement”). Pursuant to the Separation Agreement, Mr. Flowers resigned on September 30, 2019 and agreed to severance compensation of $327,750, in lieu if any amounts owed under his amended and restated employment agreement, payable in seven equal monthly installments commencing October 30, 2019. As of February 29, 2020, we have a remaining liability of $97,765 included in Accrued expenses and other in the accompanying unaudited condensed consolidated financial statements. There were no known disagreements with Mr. Flowers regarding our operations, policies or practices. The Board appointed Carlton M. Johnson to assume all management roles on an interim basis.

Guarantees and Indemnities

We have made certain guarantees and indemnities, under which we may be required to make payments to a guaranteed or indemnified party. We indemnify our directors, officers, employees and agents to the maximum extent permitted under the laws of the State of Delaware. The duration of the guarantees and indemnities varies, and in many cases is indefinite. These guarantees and indemnities do not provide for any limitation of the maximum potential future payments we could be obligated to make. Historically, we have not been obligated to make any payments for these obligations and no liabilities have been recorded for these guarantees and indemnities in the accompanying condensed consolidated balance sheets.

Escrow Shares

On August 31, 2009, we gave notice to the former shareholders of Crossflo and Union Bank of California (the “Escrow Agent”) under Section 2.5 of the Agreement and Plan of Merger between us and Crossflo (the “Agreement”), outlining damages incurred by us in conjunction with the acquisition of Crossflo, and seeking the return of 2,844,630 shares of our common stock held by the Escrow Agent. Subsequently, former shareholders of Crossflo representing a majority of the escrowed shares responded in protest to our claim, delaying the release of the escrowed shares until a formal resolution is reached. In the event we fail to prevail in our claim against the escrowed shares, we may be obligated to deposit into escrow approximately $256,000 of cash consideration due to the decline in our average stock price over the one year escrow period, calculated in accordance with the Section 2.5 of the Agreement. We have evaluated the potential for loss regarding our claim and believe that it is probable that the resolution of this issue will not result in a material obligation to the Company, although there is no assurance of this. Accordingly, we have not recorded a liability for this matter.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q includes certain statements constituting “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995, including statements concerning our beliefs, plans, objectives, goals, expectations, anticipations, estimates, intentions, operations, future results and prospects, and we rely on the “safe harbor” provisions in those laws. We are including this statement for the express purpose of availing ourselves of the protections of such safe harbors with respect to all such forward-looking statements. The forward-looking statements in this report reflect our current views with respect to future events and financial performance. In this report, the words “anticipates,” “believes,” “expects,” “intends,” “future,” “estimates,” “may,” “could,” “should,” “would,” “will,” “shall,” “propose,” “continue,” “predict,” “plan” and similar expressions are generally intended to identify certain of the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Any forward-looking statement is not a guarantee of future performance.

These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to those discussed under “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended May 31, 2019 and in Part II, Item 1A of this Quarterly Report on Form 10-Q. Additionally, there may be other risks that are otherwise described from time to time in the reports that we file with the SEC. You should read this report completely with the understanding that our actual results may differ materially from what we expect. Unless required by law, we undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

Overview

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on currently operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

Critical Accounting Policies and Estimates

Our condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which require us to make estimates and judgments that significantly affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods. We believe the following critical accounting policies affect our most significant estimates and judgments used in the preparation of our condensed consolidated financial statements.

1. Investments in Marketable Securities

We classify our investments in marketable securities in certificates of deposit at the time of purchase as held-to-maturity and reevaluate such classifications at each balance sheet date. Held-to-maturity investments consist of securities that we have the intent and ability to retain until maturity. These securities are recorded at cost and adjusted for the amortization of premiums and discounts, which approximates fair value. Cash inflows and outflows related to the sale and purchase of investments are classified as investing activities in our condensed consolidated statements of cash flows.

2. Investment in Affiliated Companies

PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured, which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If a decline in value is deemed to be other than temporary, we would recognize an impairment loss.

We own 100% of the preferred stock of Holocom. Prior to impairment, this investment was accounted for at cost since we did not have the ability to exercise significant influence over the operating and financial policies of Holocom.

3. Income Taxes

We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance we may only recognize tax positions that meet a “more likely than not” threshold.

On December 22, 2017, the United States Government passed new tax legislation that, among other provisions, lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

4. Assessment of Contingent Liabilities

Results of Operations

Comparison of the Three Months Ended February 29, 2020 and the Three Months Ended February 28, 2019.

	Three months ended
	February 29, 2020		February 28, 2019

Selling, general and administrative	$	103,834	$	158,623

Selling, general and administrative expenses decreased approximately $55,000 from approximately $159,000 for the three months ended February 28, 2019 to approximately $104,000 for the three months ended February 29, 2020. The decrease consisted primarily of lower compensation expense due to the resignation Mr. Flowers, our former Chief Financial Officer, in September 30, 2019 combined with a decrease in board fees as our board member volunteered to cease taking board fees. This decrease was partially offset with an increase in consulting fees associated with accounting and finance functions.

	Three months ended
	February 29, 2020			February 28, 2019
Other income (expense):
Interest income	$	2,693		$	8,433
Equity in loss of affiliated company		(139	)		(33,888	)
Total other expense, net	$	2,554		$	(25,455	)

Total other expenses, net was approximately $25,000 for the three months ended February 28, 2019 compared to other income, net of approximately $3,000 for the three months ended February 29, 2020. The change primarily consisted of a decrease in the equity in the loss of PDS resulting from lower PDS legal expenses as a result of the adverse legal opinion we received on November 4, 2019 (see Note 1 to the interim unaudited consolidated financial statements). Our investment in PDS continues to be accounted for in accordance with the equity method of accounting for investments. In addition, interest income was lower during the current quarter due to a lower cash balance combined with lower interest rates.

	Three months ended
	February 29, 2020			February 28, 2019

Loss before income taxes	$	(101,280	)	$	(184,078	)

Loss before income taxes decreased from approximately $(184,000) for the three months ended February 28, 2019 to approximately $(101,000) for the three months ended February 29, 2020 for the reasons explained in the preceding “Selling, general and administrative” and “Other income (expense)” comparisons.

Comparison of the Nine Months Ended February 29, 2020 and the Nine Months Ended February 28, 2019.

	Nine months ended
	February 29, 2020		February 28, 2019

Selling, general and administrative	$	894,311	$	506,029

Selling, general and administrative expenses increased from approximately $506,000 for the nine months ended February 28, 2019 to approximately $894,000 for the nine months ended February 29, 2020. The current period increase in expenses was primarily due to higher compensation expense mostly associated with severance expense owed to Mr. Flowers, our former Chief Financial Officer. Mr. Flowers resigned on September 30, 2019 and agreed to severance compensation of $327,750, in lieu of any amounts owed under his amended and restated employment agreement, payable in seven equal monthly installments commencing October 30, 2019. In addition, during the current nine-month period, we had an increase in consulting fees, mostly associated with the evaluation of new business opportunities in collaboration with Artius Bioconsulting LLC. These current period increases in expenses were offset by lower board fees as our board member volunteered to cease taking board fees.

	Nine months ended
	February 29, 2020			February 28, 2019
Other income (expense):
Interest income	$	11,727		$	21,922
Equity in loss of affiliated company		(73,458	)		(63,411	)
Total other expense, net	$	(61,731	)	$	(41,489	)

Total other expenses, net increased from approximately $41,000 for the nine months ended February 28, 2019 to $62,000 for the nine months ended February 29, 2020. The increase consisted of an increase in the equity in the loss of PDS resulting from an increase in PDS legal expenses. Our investment in PDS continues to be accounted for in accordance with the equity method of accounting for investments.

	Nine months ended
	February 29, 2020			February 28, 2019

Loss before income taxes	$	(956,042	)	$	(547,518	)

Loss before income taxes increased from approximately $(548,000) for the nine months ended February 28, 2019 to approximately $(956,000) for the nine months ended February 29, 2020 for the reasons explained in the preceding “Selling, general and administrative” and “Other income (expense)” comparisons.

Liquidity and Capital Resources

Liquidity

Our cash and cash equivalents and marketable securities balances decreased from approximately $1,537,000 as of May 31, 2019 to approximately $749,000 as of February 29, 2020. We also have restricted cash of approximately $199,000 and $177,000 as of May 31, 2019 and February 29, 2020, respectively. Total current assets decreased from approximately $1,764,000 as of May 31, 2019 to approximately $1,010,000 as of February 29, 2020. Total current liabilities were approximately $228,000 and $306,000 as of May 31, 2019 and February 29, 2020, respectively. The change in our working capital position as of February 29, 2020 as compared with May 31, 2019 is primarily due our reported net loss for the nine months ended February 29, 2020.

In addition, on November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. As a result, we currently do not have any potential sources of capital from PDS. Based on this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company as we do not have any potential sources of revenue and PDS has not generated significant license revenues since September 2013.

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on currently operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

The above matters raise substantial doubt regarding our ability to continue as a going concern.

Cash Flows From Operating Activities

Cash used in operating activities was approximately $810,000 and $532,000 for the nine months ended February 29, 2020 and February 28, 2019, respectively. The principal components of the current period amount were primarily attributable to a net loss of approximately $958,000 combined with an increase in prepaid expenses and other current assets of approximately $4,000 offset by an increase in accounts payable and accrued expenses of approximately $77,000, and the equity in loss of affiliated company of approximately $73,000. The principal components of the prior year period amount were primarily attributable to a net loss of approximately $549,000 combined with an increase in prepaid expenses and other current assets of approximately $18,000 and a decrease in accounts payable, accrued expenses and other of approximately $29,000, which amount was offset by the equity in loss of affiliated company of approximately $63,000.

Cash Flows From Investing Activities

Cash provided by investing activities for the nine months ended February 29, 2020 was $750,000 attributable to net maturities of marketable securities. Cash provided by investing activities for the nine months ended February 28, 2019 was approximately $177,000, which is comprised of amounts previously held by a third party in conjunction with the Company’s acquisition of Crossflo.

Capital Resources

The condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000 and we currently have no potential sources of cash. We will also require additional financing to develop or acquire new technologies or lines of business. If we are unable to develop or acquire new lines of business, such as the blockchain technologies, and we are unable to raise additional capital, we will be forced to halt our operations. We anticipate, based on currently proposed plans and assumptions, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and twelve months or less. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

As required by Rule 13a-15(b) under the Exchange Act, as of February 29, 2020, the end of the period to which this quarterly report relates, we have carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). This evaluation was carried out under the supervision and with the participation of our management, including our Interim Chief Executive Officer and our Interim Chief Financial Officer.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to management, including the Interim Chief Executive Officer and our Interim Chief Financial Officer as appropriate, to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on the evaluation of our disclosure controls and procedures as of February 29, 2020, our management, with the participation of our Interim Chief Executive Officer/Interim Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were effective.

Changes in Internal Control over Financial Reporting

There were no significant changes to our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during our most recently completed fiscal quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

Footnote 6, Commitments and Contingencies—Litigation, in the accompanying unaudited condensed consolidated financial statements is incorporated herein by reference.

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended May 31, 2019 and those listed below, which could materially affect our business, financial condition or future results. Such risks are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business, financial condition or operating results.

If We Are Unable To Develop Or Acquire New Lines of Business, And/Or We Are Unable To Raise Additional Capital, We Will Be Forced To Liquidate The Company In A Dissolution Under Delaware Law Or Seek Protection Under The Provisions Of The U.S. Bankruptcy Code And, In Either Event, It Is Unlikely That Stockholders Would Receive Any Value For Their Shares.

As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000. Historically, we have been a licensing company and entered into a number of agreements to facilitate the pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants (see Footnote 6, Commitments and Contingencies, in the accompanying unaudited condensed consolidated financial statements). Based on this decision, we have halted all licensing efforts as we evaluate the future direction of the Company as we do not have any potential sources of revenue and our joint venture, PDS, has not generated significant license revenues since September 2013.

There are many uncertainties associated with our financial projections that could increase our projected expenses, which would further accelerate cash usage. Additionally, we do not expect to realize satisfactory cash from operations over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders.

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius under an agreement signed on April 12, 2019. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. In either of these events, we might realize significantly less from our assets than the values at which they are carried on our financial statements. The funds resulting from the liquidation of our assets would be used first to satisfy obligations to creditors before any funds would be available to pay our stockholders, and any shortfall in the proceeds would directly reduce the amounts available for distribution, if any, to our creditors and to our stockholders. In the event we are required to liquidate under Delaware law or the federal bankruptcy laws, it is highly unlikely that stockholders would receive any value for their shares.

Our Auditors Have Expressed Substantial Doubt About Our Ability To Continue As a Going Concern.

The Report of Independent Registered Public Accounting Firm on our May 31, 2019 consolidated financial statements includes an explanatory paragraph stating that the recurring losses and negative cash flows from operations, combined with our substantial reliance on cash generated by PDS, raise substantial doubt about our ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

We Have Identified A Significant Deficiency In Internal Control Over Financial Reporting, If We Fail To Maintain Effective Internal Controls Over Financial Reporting, The Price Of Our Common Stock May Be Adversely Affected.

We are required to establish and maintain appropriate internal controls over financial reporting. Failure to establish those controls, or any failure of those controls once established, could adversely impact our public disclosures regarding our business, financial condition or results of operations. Any failure of these controls could also prevent us from maintaining accurate accounting records and discovering accounting errors and financial fraud.

In the course of completing its assessment of internal control over financial reporting as of May 31, 2019, management did not identify any material weaknesses but did identify a significant deficiency in the number of personnel available to serve the Company’s accounting function. Specifically, management believes that we may not be able to adequately segregate responsibility over financial transaction processing and reporting. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting, that is less severe than a material weakness yet important enough to merit attention by those responsible for oversight of the Company’s financial reporting. Although we are unable to remediate the significant deficiency with current personnel, we are mitigating its potential impact, primarily through greater involvement of our Board of Directors in the review and monitoring of financial transaction processing and reporting.

Our Common Stock Is Quoted On The OTC Pink Current Information, Which Could Adversely Affect The Market Price And Liquidity Of Our Common Stock.

Our common stock is quoted on OTC Pink Current Information. The quotation of our shares on such marketplace may result in a less liquid market available for existing and potential stockholders to trade shares of our common stock, could depress the trading price of our common stock and could have a long-term adverse impact on our ability to raise capital in the future.

There can be no assurance that there will be an active market for our shares of common stock either now or in the future or that stockholders will be able to liquidate their investment or liquidate it at a price that reflects the value of the business. As a result, our stockholders may not find purchasers for our securities should they to desire to sell them.

The Market For Our Stock Is Subject To Rules Relating To Low-Priced Stock (“Penny Stock”) Which May Limit Our Ability To Raise Capital.

Our Common Stock is currently subject to the “penny stock rules” adopted pursuant to Section 15(g) of the Exchange Act. In general, the penny stock rules apply to non-NASDAQ or non-national stock exchange companies whose common stock trades at less than $5.00 per share or which have tangible net worth of less than $5,000,000 ($2,000,000 if the company has been operating for three or more years). Such rules require, among other things, that brokers who trade “penny stock” on behalf of persons other than “established customers” complete certain documentation, make suitability inquiries of investors and provide investors with certain information concerning trading in the security, including a risk disclosure document, quote information, broker’s commission information and rights and remedies available to investors in penny stocks. Many brokers have decided not to trade “penny stock” because of the requirements of the penny stock rules, and as a result, the number of broker-dealers willing to act as market makers in such securities is limited. The “penny stock rules,” therefore, may have an adverse impact on the market for our Common Stock and may affect our ability to raise additional capital if we decide to do so.

Our Share Price Could Decline As A Result Of Short Sales.

When an investor sells stock that he does not own, it is known as a short sale. The seller, anticipating that the price of the stock will go down, intends to buy stock to cover his sale at a later date. If the price of the stock goes down, the seller will profit to the extent of the difference between the price at which he originally sold it less his later purchase price. Short sales enable the seller to profit in a down market. Short sales could place significant downward pressure on the price of our Common Stock. Penny stocks which do not trade on an exchange, such as our Common Stock, are particularly susceptible to short sales.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

Item 6. Exhibits

Those exhibits marked with an asterisk (*) refer to exhibits filed herewith. The other exhibits are incorporated herein by reference, as indicated in the following list.

Those exhibits marked with a cross (†) refer to management contracts or compensatory plans or arrangements.

Exhibit No.

Document

10.1†	Separation Agreement and General Release of All Claims between Patriot Scientific Corporation and Cliff Flowers as of October 1, 2019, incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed October 4, 2019 (Commission File No. 000-22182)
31.1*	Certification of Carlton M. Johnson Jr., Interim Chief Executive Officer, pursuant to Rule 13a-15(e) or Rule 15d-15(e)

31.2*	Certification of Carlton M. Johnson Jr., Interim Chief Financial Officer and Principal Financial Officer, pursuant to Rule 13a-15(e) or Rule 15d-15(e)

32.1*	Certification of Carlton M. Johnson Jr., Interim Chief Executive Officer and Interim Chief Financial Officer and Principal Financial Officer, pursuant to 18 U.S.C. Section 1350

101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.DEF	XBRL Definition Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document

* Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DATED: April 8, 2020

PATRIOT SCIENTIFIC CORPORATION

/S/ CARLTON M. JOHNSON JR.

Carlton M. Johnson Jr. Interim Chief Executive

Officer and Interim Chief Financial Officer

(Duly Authorized and Principal Executive and

Principal Financial Officer)

EX-31.1 2 patscientific_ex3101.htm CERTIFICATION

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Carlton M. Johnson Jr., Interim Chief Executive Officer of the registrant, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended February 29, 2020 of Patriot Scientific Corporation, a Delaware corporation (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: April 8, 2020

/s/ CARLTON M. JOHNSON JR.

Carlton M. Johnson Jr.

Interim Chief Executive Officer

Principal Executive Officer

EX-31.2 3 patscientific_ex3102.htm CERTIFICATION

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Carlton M. Johnson Jr., Interim Chief Financial Officer of the registrant, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended February 29, 2020 of Patriot Scientific Corporation, a Delaware corporation (the “Registrant”);

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: April 8, 2020

/s/ CARLTON M. JOHNSON JR.

Carlton M. Johnson Jr.

Interim Chief Financial Officer

and Principal Financial Officer

EX-32.1 4 patscientific_ex3201.htm CERTIFICATION

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Patriot Scientific Corporation, a Delaware corporation (the “Company”) for the fiscal quarter ended February 29, 2020, as filed with the Securities and Exchange Commission on April 8, 2020 (the “Report”), the undersigned officer of the Company does hereby certify, pursuant to Title 18 of the United States Code Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: April 8, 2020

/s/ CARLTON M. JOHNSON JR.

Carlton M. Johnson Jr.

Interim Chief Executive Officer

and Principal Executive Officer

Interim Chief Financial Officer

and Principal Financial Officer

A signed original of this written statement required by Section 906 has been provided to Patriot Scientific Corporation and will be retained by Patriot Scientific Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

This Certification is being furnished pursuant to Rule 15(d) and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. This Certification shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

EX-101.INS 5 ptsc-20200209.xml XBRL INSTANCE FILE 0000836564 2019-06-01 2020-02-29 0000836564 2019-02-28 0000836564 2020-02-29 0000836564 us-gaap:CommonStockMember 2019-02-28 0000836564 us-gaap:CommonStockMember 2020-02-29 0000836564 us-gaap:AdditionalPaidInCapitalMember 2019-02-28 0000836564 us-gaap:AdditionalPaidInCapitalMember 2020-02-29 0000836564 us-gaap:RetainedEarningsMember 2019-02-28 0000836564 us-gaap:RetainedEarningsMember 2020-02-29 0000836564 us-gaap:TreasuryStockMember 2019-02-28 0000836564 us-gaap:TreasuryStockMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel1Member 2020-02-29 0000836564 us-gaap:FairValueInputsLevel2Member 2020-02-29 0000836564 us-gaap:FairValueInputsLevel3Member 2020-02-29 0000836564 2018-06-01 2019-02-28 0000836564 PTSC:DueInThreeMonthsOrLessMember 2020-02-29 0000836564 PTSC:PDSMember us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2020-02-29 0000836564 PTSC:PDSMember PTSC:MembersEquityMember 2020-02-29 0000836564 us-gaap:StockOptionMember 2020-02-29 0000836564 us-gaap:StockOptionMember 2019-06-01 2020-02-29 0000836564 us-gaap:RetainedEarningsMember 2018-06-01 2019-02-28 0000836564 us-gaap:RetainedEarningsMember 2019-06-01 2020-02-29 0000836564 PTSC:PDSMember 2019-06-01 2020-02-29 0000836564 PTSC:PDSMember 2018-06-01 2019-02-28 0000836564 PTSC:PDSMember 2020-02-29 0000836564 us-gaap:StockOptionMember 2019-06-01 2020-02-29 0000836564 us-gaap:StockOptionMember 2018-06-01 2019-02-28 0000836564 PTSC:CrossfloMember 2020-02-29 0000836564 PTSC:HolocomMember 2020-02-29 0000836564 PTSC:HolocomMember us-gaap:PreferredStockMember 2020-02-29 0000836564 us-gaap:CommonStockMember 2018-05-31 0000836564 us-gaap:AdditionalPaidInCapitalMember 2018-05-31 0000836564 us-gaap:RetainedEarningsMember 2018-05-31 0000836564 us-gaap:TreasuryStockMember 2018-05-31 0000836564 2018-05-31 0000836564 us-gaap:CommonStockMember 2019-05-31 0000836564 us-gaap:AdditionalPaidInCapitalMember 2019-05-31 0000836564 us-gaap:RetainedEarningsMember 2019-05-31 0000836564 us-gaap:TreasuryStockMember 2019-05-31 0000836564 2019-05-31 0000836564 us-gaap:FairValueInputsLevel1Member 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member 2019-05-31 0000836564 PTSC:DueInThreeMonthsOrLessMember 2019-05-31 0000836564 PTSC:DueInGreaterThanThreeMonthsMember 2019-05-31 0000836564 PTSC:PDSMember us-gaap:CashMember 2019-05-31 0000836564 PTSC:PDSMember us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2019-05-31 0000836564 PTSC:PDSMember PTSC:MembersEquityMember 2019-05-31 0000836564 2019-12-01 2020-02-29 0000836564 2018-12-01 2019-02-28 0000836564 us-gaap:RetainedEarningsMember 2019-12-01 2020-02-29 0000836564 us-gaap:RetainedEarningsMember 2018-12-01 2019-02-28 0000836564 2020-04-08 0000836564 PTSC:PDSMember 2019-12-01 2020-02-29 0000836564 PTSC:PDSMember 2018-12-01 2019-02-28 0000836564 us-gaap:EmployeeSeveranceMember 2020-02-29 0000836564 PTSC:HolocomMember 2019-05-31 0000836564 us-gaap:CommonStockMember 2019-11-30 0000836564 us-gaap:CommonStockMember 2018-11-30 0000836564 us-gaap:AdditionalPaidInCapitalMember 2019-11-30 0000836564 us-gaap:AdditionalPaidInCapitalMember 2018-11-30 0000836564 us-gaap:RetainedEarningsMember 2019-11-30 0000836564 us-gaap:RetainedEarningsMember 2018-11-30 0000836564 us-gaap:TreasuryStockMember 2019-11-30 0000836564 us-gaap:TreasuryStockMember 2018-11-30 0000836564 2019-11-30 0000836564 2018-11-30 0000836564 us-gaap:FairValueInputsLevel1Member us-gaap:CashMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel1Member us-gaap:CashMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel1Member PTSC:RestrictedCashAndCashEquivalentsMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel1Member PTSC:RestrictedCashAndCashEquivalentsMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member us-gaap:CashMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel2Member us-gaap:CashMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member PTSC:RestrictedCashAndCashEquivalentsMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel2Member PTSC:RestrictedCashAndCashEquivalentsMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member us-gaap:CashMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member us-gaap:CashMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel3Member PTSC:RestrictedCashAndCashEquivalentsMember 2020-02-29 0000836564 us-gaap:FairValueInputsLevel3Member PTSC:RestrictedCashAndCashEquivalentsMember 2019-05-31 0000836564 us-gaap:CashMember 2020-02-29 0000836564 us-gaap:CashMember 2019-05-31 0000836564 PTSC:RestrictedCashAndCashEquivalentsMember 2020-02-29 0000836564 PTSC:RestrictedCashAndCashEquivalentsMember 2019-05-31 0000836564 us-gaap:CertificatesOfDepositMember 2019-05-31 0000836564 us-gaap:MoneyMarketFundsMember 2019-05-31 0000836564 PTSC:MktSecuritiesCertDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member us-gaap:MoneyMarketFundsMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member us-gaap:MoneyMarketFundsMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel1Member us-gaap:CertificatesOfDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member us-gaap:CertificatesOfDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member us-gaap:CertificatesOfDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel1Member PTSC:MktSecuritiesCertDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel2Member PTSC:MktSecuritiesCertDepositMember 2019-05-31 0000836564 us-gaap:FairValueInputsLevel3Member PTSC:MktSecuritiesCertDepositMember 2019-05-31 0000836564 PTSC:HolocomMember PTSC:HolocomPreferredStockMember 2020-02-29 0000836564 PTSC:HolocomMember 2020-02-29 0000836564 PTSC:HolocomMember 2019-06-01 2020-02-29 0000836564 us-gaap:StockOptionMember 2019-05-31 0000836564 PTSC:PDSMember us-gaap:CashMember 2020-02-29 0000836564 PTSC:PDSMember 2020-02-29 0000836564 PTSC:PDSMember 2019-05-31 0000836564 PTSC:PDSMember 2019-12-01 2020-02-29 0000836564 PTSC:PDSMember 2018-12-01 2019-02-28 0000836564 PTSC:PDSMember 2019-06-01 2020-02-29 0000836564 PTSC:PDSMember 2018-06-01 2019-02-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure PATRIOT SCIENTIFIC CORP 0000836564 2020-02-29 false --05-31 Yes Non-accelerated Filer Q3 2020 401392948

0.00001

5000000

0.00001

600000000

438242618

401392948

36849670

1250000

500000

750000

1000000

1600000

1000000

0.03

1000000

1600000

1250000

500000

750000

34403

107861

0.50

0.46

600000

0 0

2100000

2844630

000-22182 DE

198887

177247

198843

1766161

748829

787086

750000

31505

28003

1009737

1763932

448

814

52156

1044588

1924763

237655

68806

237655

24434

8868

281245

219344

97765

305679

228212

305679

228212

4382

77444062

-62083667

-61126025

14625868

1044588

68806

1924763

21933

215722

68806

237655

-73458

-63411

-73458

-63411

-139

-33888

-139

-33888

704000

52156

1945896

738909

4382

77444062

-60876680

-62083667

-14625868

4382

77444062

-60327562

-14625868

2495014

4382

77444062

-61126025

-14625868

1696551

4382

77444062

-61982387

-60692602

-14625868

840189

2129974

894311

506029

103834

158623

11727

21922

2693

8433

-61731

-41489

2554

-25455

-956042

-547518

-101280

-184078

1600

398548318

1965048

926076

2319449

985929

366

3502

18467

1600

77467

-29439

-809853

-531647

1000000

250000

750000

177246

-59853

-354401

1600

401392948

926076

1735929

485929

1250000

748829

49149

177247

198843

748829

49149

177247

198843

500000

237937

750000

237937

500000

750000

Yes true false 10-Q

894311

506029

103834

158623

-177246

-957642

-549118

-957642

-101280

-184078

-101280

-184078

1. Basis of Presentation and Summary of Significant Accounting Policies   The unaudited condensed consolidated financial statements of Patriot Scientific Corporation (the “Company”, “PTSC”, “Patriot”, “we”, “us” or “our”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our Report on Form 10-K for our fiscal year ended May 31, 2019. The condensed consolidated balance sheet at May 31, 2019 has been derived from audited financial statements at that date.   The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim period presented. Operating results for the three and nine month periods ended February 29, 2020 may not necessarily be indicative of the results that may be expected for the full fiscal year ending May 31, 2020.   Basis of Consolidation   The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.   Liquidity and Management’s Plans   The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000.   Historically, we have been a licensing company and have entered into a number of agreements in our pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the US 5,809,336 patent (the “‘336 patent”) against multiple defendants (see Note 6). As result of this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company and a potential new line of business. Currently, we do not have any potential sources of revenue and our joint venture, Phoenix Digital Solutions, LLC (“PDS”) has not generated significant license revenues since September 2013.   In addition, there are a number of uncertainties associated with our financial projections that could increase or expedite our projected expenses, which could negatively impact our cash on hand. Additionally, we do not expect to generate any revenue over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders.   One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on current operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.   The above matters raise substantial doubt regarding our ability to continue as a going concern.   Investment in Affiliated Companies   We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS.   PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.   We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss.   We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.   Income (Loss) Per Share   Basic income (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.   At February 29, 2020 and February 28, 2019, potential common shares of 1,000,000 and 1,600,000, respectively, underlying our outstanding stock options were excluded from the calculation of diluted loss per common share as the impact is anti-dilutive during periods of net loss. As such, there was no difference between basic and diluted loss per common share amounts for the three and nine months ended February 29, 2020 and February 28, 2019. Had we reported net income for the three and nine months ended February 29, 2020 and February 28, 2019, no shares of common stock would have been included in the calculation of diluted income per share using the treasury stock method.   In connection with our acquisition of Crossflo, which became a part of PDSG, we issued 2,844,630 escrow shares that are contingent upon certain representations and warranties made by Crossflo at the time of the merger agreement (see Note 6). We exclude these escrow shares from the basic loss per common share calculations and would have included the escrowed shares in the diluted income per common share calculations if we reported net income.   Income Taxes   We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold.   We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income.   With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets.   On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.   Assessment of Contingent Liabilities   We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.   Intellectual Property Rights   PDS, our investment in affiliated company, has historically relied on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. We have seven U.S., nine European, and three Japanese patents all of which expired between August 2009 and October 2016. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration dates. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. Based on this adverse decision, PDS has halted all licensing efforts as we evaluate the future direction of the Company.   Recent Accounting Pronouncements   In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.   In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

Basis of Consolidation   The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.

Investment in Affiliated Companies   We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS.   PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.   We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss.   We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.

Income Taxes   We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold.   We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income.   With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets.   On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

Assessment of Contingent Liabilities   We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.

Recent Accounting Pronouncements   In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.   In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

2. Cash, Cash Equivalents and Restricted Cash   We follow authoritative guidance to account for our marketable securities as held-to-maturity. Under this authoritative guidance, we are required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. We determine fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment or valuations by third party professionals. The three levels of inputs that we may use to measure fair value are:   Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;   Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and   Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity).   The following tables detail the fair value measurements within the fair value hierarchy of our cash, cash equivalents and investments in marketable securities:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: right"> </td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">Fair Value Measurements at February 29, 2020 Using</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value at February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets (Level 1)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Other Observable Inputs (Level 2)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Unobservable Inputs (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Cash and cash equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">748,829</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">748,829</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Restricted cash and cash equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">177,247</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">177,247</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">926,076</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">926,076</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>       <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: right"> </td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">Fair Value Measurements at May 31, 2019 Using</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value at May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets (Level 1)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Other Observable Inputs (Level 2)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Unobservable Inputs (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Cash and cash equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">49,149</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">49,149</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Money market funds</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,937</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,937</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">–</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Certificates of deposit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Restricted cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">198,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">198,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">–</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Investments in marketable securities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Certificates of deposit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 20pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,735,929</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">485,929</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,250,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   We purchase certificates of deposit with varying maturity dates. The following tables summarize the purchase date maturities, gross unrealized gains or losses and fair value of the certificates of deposit as of May 31, 2019:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Cost</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gross Unrealized Gains/(Losses)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Maturity</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 55%; text-align: left">Due in three months or less</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">500,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">500,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Due in greater than three months</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,250,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,250,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   There were no outstanding certificates of deposit as of February 29, 2020.

The following tables detail the fair value measurements within the fair value hierarchy of our cash, cash equivalents and investments in marketable securities:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: right"> </td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">Fair Value Measurements at February 29, 2020 Using</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value at February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets (Level 1)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Other Observable Inputs (Level 2)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Unobservable Inputs (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Cash and cash equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">748,829</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">748,829</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Restricted cash and cash equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">177,247</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">177,247</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">926,076</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">926,076</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>       <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="text-align: right"> </td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">Fair Value Measurements at May 31, 2019 Using</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value at May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets (Level 1)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Other Observable Inputs (Level 2)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Unobservable Inputs (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Cash and cash equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">49,149</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">49,149</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Money market funds</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,937</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">237,937</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">–</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Certificates of deposit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Restricted cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">198,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">198,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">–</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Investments in marketable securities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Certificates of deposit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 20pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,735,929</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">485,929</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,250,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

3. Investment in Affiliated Companies   Phoenix Digital Solutions, LLC   On June 7, 2005, we entered into a Master Agreement (the “Master Agreement”) with TPL, and Charles H. Moore (“Moore”), the co-inventor of the technology which is the subject of the MMP portfolio of microprocessor patents, pursuant to which the parties resolved all legal disputes between them. Pursuant to the Master Agreement, we and TPL entered into the Limited Liability Company Operating Agreement of PDS (the “LLC Agreement”) into which we and Moore contributed our rights to certain of our technologies.   We and TPL each own 50% of the membership interests of PDS, and each member has the right to appoint one member of the three-member management committee. The two appointees are required to select a mutually acceptable third member of the management committee. There had not been a third management committee member since May 2010; however, as a result of our initiation of arbitration seeking the appointment of a third member, on December 16, 2014, an independent manager to the PDS management committee was selected by the arbitrator. Pursuant to the LLC Agreement, we and TPL initially agreed to establish a working capital fund for PDS of $4,000,000, of which our contribution was $2,000,000. The working capital fund was increased to a maximum of $8,000,000 as license revenues are achieved. We and TPL are obligated to fund future working capital requirements at the discretion of the management committee of PDS in order to maintain working capital of not more than $8,000,000. If the management committee determines that additional capital is required, neither we nor TPL are required to contribute more than $2,000,000 in any fiscal year. No such contributions were made during the three and nine months ended February 29, 2020 and February 28, 2019. Distributable cash and allocation of profits and losses have been allocated to the members in the priority defined in the LLC Agreement.   On July 11, 2012, we entered into the Program Agreement with PDS, TPL, and Alliacense, and an Agreement (the “TPL Agreement”) with TPL. Pursuant to the Program Agreement, PDS engaged Alliacense to negotiate MMP portfolio licenses and to pursue claims against violators of the MMP portfolio on behalf of PDS, TPL, and the Company. The Program Agreement continued through the useful life of the MMP portfolio patents. Pursuant to the TPL Agreement, we and TPL agreed to certain allocations of obligations in connection with the engagement of Alliacense. On July 24, 2014, the Program Agreement was amended with PDS and Alliacense entering into the Amended Alliacense Services and Novation Agreement (the “Novation Agreement”). Pursuant to the Novation Agreement, certain performance goals and incentives were established for Alliacense. The Novation Agreement also provided for the addition of a second licensing company, which was engaged on October 10, 2014, to complement the MMP licensing commercialization. However, Alliacense fulfilled only a portion of its obligations under the Novation Agreement associated with the deployment of the second licensing company and on May 11, 2015, Alliacense was terminated by PDS.   On August 10, 2016, PDS entered into an agreement with Alliacense and MMP Licensing, LLC to settle matters relating to Alliacense’s non-performance under terms of the Novation Agreement. The August 10, 2016 agreement required Alliacense to provide PDS’s second licensing company, Dominion Harbor Group (“DHG”), with certain materials and to cooperate with reasonable discovery requests relating to infringement litigation in the U.S. District Court for the Northern District of California. MMP Licensing, LLC will provide commercialization services to PDS for the MMP portfolio with respect to certain companies. PDS and Alliacense have agreed to cause the arbitration between the parties to be dismissed with prejudice. The August 10, 2016 agreement, and the agreement retaining DHG as PDS’s second licensing company, will both expire on October 4, 2022. Terms of the settlement agreement required PDS to pay Alliacense $84,000 within 24 hours after delivery of materials to PDS’s second licensing agent and to pay Alliacense $84,000 out of subsequent recoveries. PDS paid Alliacense $84,000 on each of August 11, 2016 and October 3, 2016.   During January 2013, TPL and Moore settled their litigation. Terms of the settlement included the payment by PDS to Moore of a consulting fee of $250,000 for four years or until the completion of all outstanding MMP litigation whichever came first. Per terms of the agreement, PDS paid Moore $150,000 on the settlement date and paid Moore $16,667 per month from August 2013 through January 2014 and $20,833 per month beginning February 2014 through January 2017.    Based on our analysis of current authoritative accounting guidance with respect to our investment in PDS, we continue to account for our investment in PDS under the equity method of accounting, and accordingly have recorded our share of PDS’s net loss during the three and nine months ended February 29, 2020 of $139 and $73,458, respectively, and $33,888 and $63,411, respectively, for the three and nine months ended February 28, 2019, as a decrease in our investment as “Equity in loss of affiliated company” in the accompanying condensed consolidated statements of operations.   On March 20, 2013, TPL filed a petition under Chapter 11 of the United States Bankruptcy Code. On March 5, 2018, TPL’s Motion for Entry of Final Decree Closing Chapter 11 was granted. In the event we are required to provide funding to PDS that is not reciprocated by TPL, our ownership percentage in PDS will increase and we will have a controlling financial interest in PDS, in which case, we will consolidate PDS in our condensed consolidated financial statements. If we determine that it is appropriate to consolidate PDS, we would measure the assets, liabilities and noncontrolling interests of PDS at their fair values at the date that we have the controlling financial interest.   PDS’s balance sheets at February 29, 2020 and May 31, 2019 and statements of operations for the three and nine months ended February 29, 2020 and February 28, 2019 are as follows:   Balance Sheets   Assets:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; padding-bottom: 1pt">Cash</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 13%; text-align: right">68,806</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 13%; text-align: right">237,655</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">68,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">237,655</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   Liabilities and Members’ Equity:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(Unaudited)</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%">Payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">21,933</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Members’ equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">68,806</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">215,722</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Total liabilities and members’ equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">68,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">237,655</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   Statements of Operations:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months Ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%; padding-bottom: 1pt">Expenses</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">278</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">67,778</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">146,916</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">126,823</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(278</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(67,778</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(146,916</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(126,823</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>   We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near-term prospects of PDS. If a decline in value is deemed to be other than temporary, we would recognize an impairment loss.   Holocom, Inc.   We currently own 2,100,000 shares of preferred stock, equivalent to an approximate 46% ownership interest on an after converted basis, in Holocom, Inc. (“Holocom”), a California corporation that manufactures products that protect information transmitted over secure networks. The shares are convertible at our option into shares of Holocom’s common stock on a one-to-one basis. The preferred stock entitles us to receive non-cumulative dividends at the per annum rate of $0.04 per share, when and if declared by the Board of Directors of Holocom, as well as a liquidation preference of $0.40 per share, plus an amount equal to all declared but unpaid dividends.   In 2010, we determined that the inability of Holocom to meet its business plan, raise capital, and the general economic environment were indicators of impairment on our investment and we wrote-off our cost basis investment in Holocom. At February 29, 2020 and May 31, 2019, our investment in Holocom was valued at $0.

Balance Sheets   Assets:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; padding-bottom: 1pt">Cash</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 13%; text-align: right">68,806</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 13%; text-align: right">237,655</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">68,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">237,655</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   Liabilities and Members’ Equity:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(Unaudited)</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%">Payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">21,933</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Members’ equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">68,806</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">215,722</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Total liabilities and members’ equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">68,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">237,655</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   Statements of Operations:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months Ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 29, 2020</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2019</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">(Unaudited)</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%; padding-bottom: 1pt">Expenses</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">278</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">67,778</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">146,916</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">126,823</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(278</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(67,778</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(146,916</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(126,823</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

4. Income Taxes   On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

5. Stockholders’ Equity   Share-based Compensation   Summary of Assumptions and Activity   The fair value of share-based awards to employees and directors is calculated using the Black-Scholes option pricing model, even though this model was developed to estimate the fair value of freely tradable, fully transferable options without vesting restrictions, which differ significantly from our stock options.   The Black-Scholes model also requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the pricing term of the grant effective as of the date of the grant. The expected volatility is based on the historical volatilities of our common stock. These factors could change in the future, affecting the determination of share-based compensation expense in future periods.   A summary of option activity as of February 29, 2020 and changes during the nine months then ended, is presented below:   <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Remaining Contractual Term (Years)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Aggregate Intrinsic Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Options outstanding at June 1, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">1,600,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">0.03</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Options granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Options exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Options forfeited/expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(600,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0.03</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Options outstanding at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Options vested and expected to vest at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Options exercisable at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>   The aggregate intrinsic value represents the differences in market price per share at the close of the quarter ($0.0018 per share as of February 28, 2020) and the exercise price of outstanding, in-the-money options (those options with exercise prices below $0.0018 per share) on February 29, 2020.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Remaining Contractual Term (Years)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Aggregate Intrinsic Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Options outstanding at June 1, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">1,600,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">0.03</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Options granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Options exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Options forfeited/expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(600,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0.03</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Options outstanding at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Options vested and expected to vest at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Options exercisable at February 29, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,000,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.03</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">0.18</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

6. Commitments and Contingencies   Litigation   Patent Litigation   We, TPL, and PDS (collectively referred to as “Plaintiffs”) are Plaintiffs were in proceedings in the U.S. District Court for the Northern District of California where the Plaintiffs allege infringement of the US 5,809,336 patent (the “‘336 patent”) by: Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Samsung Electronics Co. Ltd., and ZTE Corporation (collectively referred to as the “Defendants”). This litigation was proceeding in front of District Court Judge Vince Chhabria.   These proceedings relate to the proceedings filed by the Plaintiffs in February 2008 in the U.S. District Court for the Northern District of California alleging infringement of the US 5,440,749 patent (the “‘749 patent”), the US 5,530,890 patent (the “‘890 patent”) and the ‘336 patent against Amazon.com Inc., Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., Kyocera Corporation, LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., Sierra Wireless Inc., and ZTE Corporation. We have settled with all defendants except those named in the first paragraph to this footnote. On September 18, 2015, a Markman hearing was held before U.S. Magistrate Judge Grewal and, on September 22, 2015, he issued a claim construction report and recommendation. On September 25, 2015, as a result of the claim construction report and recommendation, Plaintiffs and defendants, with the exception of Huawei Technologies Co. Ltd., (“Huawei”) agreed to stay all proceedings pending resolution of Plaintiffs’ objections to the claim construction report and recommendation. Plaintiffs further stipulated that, under the claim construction provided by the report and recommendation, defendants’ products do not infringe the ‘336 patent, and, in the event that the Court does not materially modify the claim construction, Plaintiffs and defendants ask that the Court enter a final judgment of non-infringement. After Plaintiffs and Huawei filed opposing letter briefs with the Court, U.S. Magistrate Judge Grewal stayed the action against Huawei pending resolution of Plaintiffs’ objections to the claim construction. On October 6, 2015, Plaintiffs filed objections to the claim construction with District Court Judge Chhabria. Judge Chhabria rejected those objections on November 9, 2015. Based on that order, the parties stipulated to a judgment of non-infringement as to the ‘336 patent and such judgment was entered on November 13, 2015.   On December 7, 2015, Plaintiffs filed notices of appeal with the U.S. Federal Circuit appealing the district court’s claim construction. Plaintiffs filed their opening appellate brief on March 10, 2016. Defendants filed their response brief on May 23, 2016, with Plaintiffs filing their reply brief on June 23, 2016. On March 3, 2017, the U.S. Court of Appeals for the Federal Circuit rendered its decision modifying the claim construction that was issued in September 2016 by the U.S. District Court for the Northern District of California and has remanded the matter to the District Court for further proceedings.   On May 23, 2017, a case management conference was held in front of District Court Judge Chhabria, who ordered that Plaintiffs amend their infringement contentions on or before June 16, 2017. Judge Chhabria further ordered that Defendants submit any motion for summary judgment based on the amended infringement contentions and the modified claim construction by August 1, 2017. On June 5, 2017, the law firm of Banys, P.C., who had served as local counsel for PDS, withdrew as counsel. PDS continued to be represented by the law firm of Nelson Bumgardner, P.C. On June 16, 2017, Plaintiffs timely amended their infringement contentions. On July 13, 2017, all remaining counsel for each of Patriot, TPL, and PDS moved to withdraw as counsel and further moved to extend all currently pending case deadlines by 60 days for Plaintiffs to seek new counsel.   On September 13, 2017, the law firm of Bunsow De Mory LLP was entered before the U.S. District Court for the Northern District of California as successor counsel in representation of Patriot, PDS, and TPL.   The Defendants moved for summary judgment of non-infringement on September 29, 2017, and the Court held a hearing on Defendants’ motion on November 30, 2017. The Court granted Defendants’ motion and entered judgment of non-infringement on December 13, 2017.   Defendant Samsung submitted a bill of costs seeking $30,170 in taxable costs in the underlying district court proceedings; Plaintiffs filed an objection to significant portions of that request. On March 1, 2018, the Clerk of the District Court taxed costs in the amount $829.   Plaintiffs filed notices of appeal in these district court matters on January 5, 2018. The appeals were docketed and consolidated under lead case No. 18-1439, captioned as Technology Properties Limited v. Huawei Technologies Co., Ltd in the United States Court of Appeals for the Federal Circuit. Oral argument proceeded on February 4, 2019. The Court affirmed the lower court’s determination without written opinion pursuant to Federal Circuit Rule 36 on February 6, 2019. Plaintiffs filed a Petition for Rehearing En Banc on March 8, 2019 which was denied by the Court on April 10, 2019.   On September 6, 2019 Plaintiffs filed a petition for a writ of certiorari with the Supreme Court of the United States as a result of the United States Court of Appeals outcome.   On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against the Defendants (see Note 1).   Employment Contracts   In connection with Cliff Flowers’ appointment as the Chief Financial Officer of the Company, and commencing on September 17, 2007, we entered into an employment agreement with Mr. Flowers for an initial 120-day term if not terminated pursuant to the agreement, with an extension period of one year and on a continuing basis thereafter. On December 30, 2016, we entered into an amended and restated employment agreement with Mr. Flowers. Pursuant to the amended December 30, 2016 agreement, if Mr. Flowers was terminated without cause or resigns with good reason any time after two years of continuous employment, he was entitled to receive an amount equal to 1.25 times his annual base salary. Mr. Flowers was also entitled to certain payments upon a change of control of the Company if the surviving corporation did not retain him. All such payments were conditional upon the execution of a general release. On October 1, 2019, Mr. Flowers and the Company signed a Separation Agreement and General Release of all Claims (“Separation Agreement”). Pursuant to the Separation Agreement, Mr. Flowers resigned on September 30, 2019 and agreed to severance compensation of $327,750, in lieu if any amounts owed under his amended and restated employment agreement, payable in seven equal monthly installments commencing October 30, 2019. As of February 29, 2020, we have a remaining liability of $97,765 included in Accrued expenses and other in the accompanying unaudited condensed consolidated financial statements. There were no known disagreements with Mr. Flowers regarding our operations, policies or practices. The Board appointed Carlton M. Johnson to assume all management roles on an interim basis.   Guarantees and Indemnities   We have made certain guarantees and indemnities, under which we may be required to make payments to a guaranteed or indemnified party. We indemnify our directors, officers, employees and agents to the maximum extent permitted under the laws of the State of Delaware. The duration of the guarantees and indemnities varies, and in many cases is indefinite. These guarantees and indemnities do not provide for any limitation of the maximum potential future payments we could be obligated to make. Historically, we have not been obligated to make any payments for these obligations and no liabilities have been recorded for these guarantees and indemnities in the accompanying condensed consolidated balance sheets.   Escrow Shares   On August 31, 2009, we gave notice to the former shareholders of Crossflo and Union Bank of California (the “Escrow Agent”) under Section 2.5 of the Agreement and Plan of Merger between us and Crossflo (the “Agreement”), outlining damages incurred by us in conjunction with the acquisition of Crossflo, and seeking the return of 2,844,630 shares of our common stock held by the Escrow Agent. Subsequently, former shareholders of Crossflo representing a majority of the escrowed shares responded in protest to our claim, delaying the release of the escrowed shares until a formal resolution is reached. In the event we fail to prevail in our claim against the escrowed shares, we may be obligated to deposit into escrow approximately $256,000 of cash consideration due to the decline in our average stock price over the one year escrow period, calculated in accordance with the Section 2.5 of the Agreement. We have evaluated the potential for loss regarding our claim and believe that it is probable that the resolution of this issue will not result in a material obligation to the Company, although there is no assurance of this. Accordingly, we have not recorded a liability for this matter.

0.46

P2M5D

false

278

67778

146916

126823

-278

-67778

-146916

-126823

EX-101.SCH 6 ptsc-20200209.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - 1. Basis of Presentation and Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - 3. Investment in Affiliated Companies link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - 4. Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - 5. Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - 6. Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - 1. Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Tables) link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - 3. Investment in Affiliated Company (Tables) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - 5. Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - 1. Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Details - Fair Value) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Details - Maturities) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - 3. Investment in Affiliated Company (Details) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - 3. Investment in Affiliated Company (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - 3. Investment in Affiliated Companies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - 5. Stockholders' Equity (Details - Option activity) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - 6. Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 ptsc-20200209_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 ptsc-20200209_def.xml XBRL DEFINITION FILE EX-101.LAB 9 ptsc-20200209_lab.xml XBRL LABEL FILE Equity Components [Axis] Common Stock Additional Paid-In Capital Accumulated Deficit Treasury Stock FairValueByFairValueHierarchyLevel [Axis] Fair Value Inputs Level 1 [Member] Fair Value Inputs Level 2 [Member] Fair Value Inputs Level 3 [Member] CashAndCashEquivalents [Axis] Due in three months or less [Member] Equity Method Investment Nonconsolidated Investee [Axis] PDS [Member] Balance Sheet Location [Axis] Payables [Member] Members equity [Member] Award Type [Axis] Options [Member] Legal Entity [Axis] Antidilutive Securities [Axis] Business Acquisition [Axis] Crossflo [Member] Holocom [Member] Class of Stock [Axis] Preferred Stock [Member] Due in greater than three months [Member] Cash [Member] Separation Agreement [Axis] Mr. Flowers Separation Agreement [Member] Financial Instrument [Axis] Restricted cash and cash equivalents [Member] Certificates of deposit [Member] Money market funds [Member] Marketable Securities - Certificates of Deposit [Member] Other Investment Not Readily Marketable [Axis] Security Owned Not Readily Marketable [Axis] Holocom Preferred Stock [Member] Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity's Reporting Status Current Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Entity Small Business Entity Emerging Growth Entity file number Entity state of incorporation Interactive Data Current Entity Shell Company Statement of Financial Position [Abstract] ASSETS Current assets: Cash and cash equivalents Restricted cash and cash equivalents Investments in marketable securities Prepaid expenses and other current assets Deferred tax assets Total current assets Property and equipment, net Deferred income taxes Investment in affiliated company Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other Total current liabilities Total liabilities Commitments and contingencies Stockholders' equity Preferred stock, $0.00001 par value; 5,000,000 shares authorized: none outstanding Common stock, $0.00001 par value: 600,000,000 shares authorized: 438,242,618 shares issued and 401,392,948 shares outstanding at February 29, 2020 and May 31, 2019 Additional paid-in capital Accumulated deficit Common stock held in treasury, at cost - 36,849,670 shares at February 29, 2020 and May 31, 2019 Total stockholders' equity Total liabilities and stockholders' equity Preferred stock, par value (in Dollars per share) Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value (in Dollars per share) Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Common stock held in treasury, at cost Income Statement [Abstract] Operating expenses: Selling, general and administrative Total operating expenses Other income (expense): Interest income Equity in loss of affiliated company Total other income (expense), net Loss before income taxes Provision for income taxes Net loss Basic and diluted loss per common share Weighted average number of common shares outstanding - basic Weighted average number of common shares outstanding - diluted Statement of Cash Flows [Abstract] Operating activities: Net loss Adjustments to reconcile net loss to net cash used in operating activities: Depreciation Equity in loss of affiliated company Changes in operating assets and liabilities: Prepaid expenses and other current assets Income taxes payable Accounts payable, accrued expenses and other Net cash used in operating activities Investing activities: Proceeds from sales of marketable securities Purchases of marketable securities Crossflo acquisition liability Net cash provided by investing activities Net decrease in cash, cash equivalents and restricted cash and cash equivalents Cash, cash equivalents and restricted cash and cash equivalents, beginning of period Cash, cash equivalents and restricted cash and cash equivalents, end of period Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes Reconciliation of cash, cash equivalents and restricted cash and cash equivalents at end of period Cash and Cash Equivalents Restricted Cash and cash equivalents Total cash, cash equivalents and restricted cash Statement [Table] Statement [Line Items] Beginning balance, shares Beginning balance, value Ending balance, shares Ending balance, value Organization, Consolidation and Presentation of Financial Statements [Abstract] Basis of Presentation and Summary of Significant Accounting Policies Cash and Cash Equivalents [Abstract] Cash, Cash Equivalents, Restricted Cash and Marketable Securities Investments in and Advances to Affiliates, Schedule of Investments [Abstract] Investment in Affiliated Companies Income Tax Disclosure [Abstract] Income Taxes Equity [Abstract] Stockholders' Equity Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Accounting Policies [Abstract] Basis of Consolidation Liquidity and Management's Plans Investment in Affiliated Companies Income (Loss) Per Share Income Taxes Assessment of Contingent Liabilities Intellectual Property Rights Recent Accounting Pronouncements Schedule of fair value of cash, cash equivalents and investments in marketable securities Schedule of maturities, gross unrealized gains or losses and fair value of certificates of deposit Financial Statements of Affiliates Schedule of Stock Options Activity Working capital Percentage of investment in affiliated company Common shares not included in calculation of net earnings (loss) per share Shares held in escrow Fair Value Hierarchy and NAV [Axis] Assets fair value disclosure Cash and Cash Equivalents [Axis] Investments owned at cost Gross Unrealized Gains/(Losses) Total fair value of investment EquityMethodInvestmentNonconsolidatedInvesteeAxis [Axis] Total assets Total liabilities and members' equity Expenses Net loss Equity interest percentage Equity shares owned Capital contribution to entity Litigation settlement expense Terms of settlement Ownership interest Investment shares owned Investment fair value Number of Options Number of Options Outstanding, Beginning Number of Options Granted Number of Options Exercised Number of Options Forfeited/Expired Number of Options Outstanding, Ending Options vested and expected to vest, Ending Number of Options Exercisable, Ending Weighted Average Exercise Price Weighted Average Exercise Price Outstanding, Beginning Weighted Average Exercise Price Granted Weighted Average Exercise Price Exercised Weighted Average Exercise Price Forfeited/Expired Weighted Average Exercise Price Outstanding, Ending EX-101.PRE 10 ptsc-20200209_pre.xml XBRL PRESENTATION FILE XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 106 203 1 false 27 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://ptsc.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) Sheet http://ptsc.com/role/BalanceSheets Condensed Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://ptsc.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://ptsc.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://ptsc.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents Sheet http://ptsc.com/role/ReconciliationOfCashCashEquivalentsAndRestrictedCashAndCashEquivalents Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents Statements 6 false false R7.htm 00000007 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://ptsc.com/role/StatementsOfStockholdersEquity Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Statements 7 false false R8.htm 00000008 - Disclosure - 1. Basis of Presentation and Summary of Significant Accounting Policies Sheet http://ptsc.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies 1. Basis of Presentation and Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash Sheet http://ptsc.com/role/CashCashEquivalentsRestrictedCash 2. Cash, Cash Equivalents, Restricted Cash Notes 9 false false R10.htm 00000010 - Disclosure - 3. Investment in Affiliated Companies Sheet http://ptsc.com/role/InvestmentInAffiliatedCompanies 3. Investment in Affiliated Companies Notes 10 false false R11.htm 00000011 - Disclosure - 4. Income Taxes Sheet http://ptsc.com/role/IncomeTaxes 4. Income Taxes Notes 11 false false R12.htm 00000012 - Disclosure - 5. Stockholders' Equity Sheet http://ptsc.com/role/StockholdersEquity 5. Stockholders' Equity Notes 12 false false R13.htm 00000013 - Disclosure - 6. Commitments and Contingencies Sheet http://ptsc.com/role/CommitmentsAndContingencies 6. Commitments and Contingencies Notes 13 false false R14.htm 00000014 - Disclosure - 1. Summary of Significant Accounting Policies (Policies) Sheet http://ptsc.com/role/SummaryOfSignificantAccountingPoliciesPolicies 1. Summary of Significant Accounting Policies (Policies) Policies http://ptsc.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies 14 false false R15.htm 00000015 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Tables) Sheet http://ptsc.com/role/CashCashEquivalentsRestrictedCashTables 2. Cash, Cash Equivalents, Restricted Cash (Tables) Tables http://ptsc.com/role/CashCashEquivalentsRestrictedCash 15 false false R16.htm 00000016 - Disclosure - 3. Investment in Affiliated Company (Tables) Sheet http://ptsc.com/role/InvestmentInAffiliatedCompanyTables 3. Investment in Affiliated Company (Tables) Tables http://ptsc.com/role/InvestmentInAffiliatedCompanies 16 false false R17.htm 00000017 - Disclosure - 5. Stockholders' Equity (Tables) Sheet http://ptsc.com/role/StockholdersEquityTables 5. Stockholders' Equity (Tables) Tables http://ptsc.com/role/StockholdersEquity 17 false false R18.htm 00000018 - Disclosure - 1. Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) Sheet http://ptsc.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesDetailsNarrative 1. Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) Details 18 false false R19.htm 00000019 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Details - Fair Value) Sheet http://ptsc.com/role/CashCashEquivalentsRestrictedCashDetails-FairValue 2. Cash, Cash Equivalents, Restricted Cash (Details - Fair Value) Details http://ptsc.com/role/CashCashEquivalentsRestrictedCashTables 19 false false R20.htm 00000020 - Disclosure - 2. Cash, Cash Equivalents, Restricted Cash (Details - Maturities) Sheet http://ptsc.com/role/CashCashEquivalentsRestrictedCashDetails-Maturities 2. Cash, Cash Equivalents, Restricted Cash (Details - Maturities) Details http://ptsc.com/role/CashCashEquivalentsRestrictedCashTables 20 false false R21.htm 00000021 - Disclosure - 3. Investment in Affiliated Company (Details) Sheet http://ptsc.com/role/InvestmentInAffiliatedCompanyDetails 3. Investment in Affiliated Company (Details) Details http://ptsc.com/role/InvestmentInAffiliatedCompanyTables 21 false false R22.htm 00000022 - Disclosure - 3. Investment in Affiliated Company (Details Narrative) Sheet http://ptsc.com/role/InvestmentInAffiliatedCompanyDetailsNarrative 3. Investment in Affiliated Company (Details Narrative) Details http://ptsc.com/role/InvestmentInAffiliatedCompanyTables 22 false false R23.htm 00000023 - Disclosure - 3. Investment in Affiliated Companies (Details Narrative) Sheet http://ptsc.com/role/InvestmentInAffiliatedCompaniesDetailsNarrative 3. Investment in Affiliated Companies (Details Narrative) Details http://ptsc.com/role/InvestmentInAffiliatedCompanyTables 23 false false R24.htm 00000024 - Disclosure - 5. Stockholders' Equity (Details - Option activity) Sheet http://ptsc.com/role/StockholdersEquityDetails-OptionActivity 5. Stockholders' Equity (Details - Option activity) Details http://ptsc.com/role/StockholdersEquityTables 24 false false R25.htm 00000025 - Disclosure - 6. Commitments and Contingencies (Details Narrative) Sheet http://ptsc.com/role/CommitmentsAndContingenciesDetailsNarrative 6. Commitments and Contingencies (Details Narrative) Details http://ptsc.com/role/CommitmentsAndContingencies 25 false false All Reports Book All Reports ptsc-20200209.xml ptsc-20200209.xsd ptsc-20200209_cal.xml ptsc-20200209_def.xml ptsc-20200209_lab.xml ptsc-20200209_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/us-gaap/2019-01-31 true true XML 12 R19.htm IDEA: XBRL DOCUMENT

2. Cash, Cash Equivalents, Restricted Cash (Details - Fair Value) - USD ($)	Feb. 29, 2020	May 31, 2019
Assets fair value disclosure	$ 926,076	$ 1,735,929
Fair Value Inputs Level 1 [Member]
Assets fair value disclosure	926,076	485,929
Fair Value Inputs Level 2 [Member]
Assets fair value disclosure	0	1,250,000
Fair Value Inputs Level 3 [Member]
Assets fair value disclosure	0	0
Cash [Member]
Assets fair value disclosure	748,829	49,149
Cash [Member] \| Fair Value Inputs Level 1 [Member]
Assets fair value disclosure	748,829	49,149
Cash [Member] \| Fair Value Inputs Level 2 [Member]
Assets fair value disclosure	0	0
Cash [Member] \| Fair Value Inputs Level 3 [Member]
Assets fair value disclosure	0	0
Restricted cash and cash equivalents [Member]
Assets fair value disclosure	177,247	198,843
Restricted cash and cash equivalents [Member] \| Fair Value Inputs Level 1 [Member]
Assets fair value disclosure	177,247	198,843
Restricted cash and cash equivalents [Member] \| Fair Value Inputs Level 2 [Member]
Assets fair value disclosure	0	0
Restricted cash and cash equivalents [Member] \| Fair Value Inputs Level 3 [Member]
Assets fair value disclosure	$ 0	0
Money market funds [Member]
Assets fair value disclosure		237,937
Money market funds [Member] \| Fair Value Inputs Level 1 [Member]
Assets fair value disclosure		237,937
Money market funds [Member] \| Fair Value Inputs Level 2 [Member]
Assets fair value disclosure		0
Money market funds [Member] \| Fair Value Inputs Level 3 [Member]
Assets fair value disclosure		0
Certificates of deposit [Member]
Assets fair value disclosure		500,000
Certificates of deposit [Member] \| Fair Value Inputs Level 1 [Member]
Assets fair value disclosure		0
Certificates of deposit [Member] \| Fair Value Inputs Level 2 [Member]
Assets fair value disclosure		500,000
Certificates of deposit [Member] \| Fair Value Inputs Level 3 [Member]
Assets fair value disclosure		0
Marketable Securities - Certificates of Deposit [Member]
Assets fair value disclosure		750,000
Marketable Securities - Certificates of Deposit [Member] \| Fair Value Inputs Level 1 [Member]
Assets fair value disclosure		0
Marketable Securities - Certificates of Deposit [Member] \| Fair Value Inputs Level 2 [Member]
Assets fair value disclosure		750,000
Marketable Securities - Certificates of Deposit [Member] \| Fair Value Inputs Level 3 [Member]
Assets fair value disclosure		$ 0

XML 13 R11.htm IDEA: XBRL DOCUMENT

4. Income Taxes

9 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Income Taxes

4. Income Taxes

On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

XML 14 R15.htm IDEA: XBRL DOCUMENT

2. Cash, Cash Equivalents, Restricted Cash (Tables)

9 Months Ended

Feb. 29, 2020

Cash and Cash Equivalents [Abstract]

Schedule of fair value of cash, cash equivalents and investments in marketable securities

The following tables detail the fair value measurements within the fair value hierarchy of our cash, cash equivalents and investments in marketable securities:

			Fair Value Measurements at February 29, 2020 Using
	Fair Value at February 29, 2020		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Cash and cash equivalents:
Cash	$	748,829	$	748,829	$	–	$	–
Restricted cash and cash equivalents		177,247		177,247		–		–
Total	$	926,076	$	926,076	$	–	$	–

			Fair Value Measurements at May 31, 2019 Using
	Fair Value at May 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Cash and cash equivalents:
Cash	$	49,149	$	49,149	$	–	$	–
Money market funds		237,937		237,937		–		–
Certificates of deposit		500,000		–		500,000		–
Restricted cash and cash equivalents		198,843		198,843		–		–
Investments in marketable securities:
Certificates of deposit		750,000		–		750,000		–
Total	$	1,735,929	$	485,929	$	1,250,000	$	–

Schedule of maturities, gross unrealized gains or losses and fair value of certificates of deposit

	May 31, 2019
	Cost		Gross Unrealized Gains/(Losses)		Fair Value
Maturity
Due in three months or less	$	500,000	$	–	$	500,000
Due in greater than three months		750,000		–		750,000
	$	1,250,000	$	–	$	1,250,000

ZIP 15 0001683168-20-001132-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001683168-20-001132-xbrl.zip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v3.20.1

3. Investment in Affiliated Companies (Details Narrative) - Holocom [Member]
9 Months Ended

Feb. 29, 2020

USD ($)

shares

Ownership interest 46.00%

Investment fair value | $ $ 0

Holocom Preferred Stock [Member]

Investment shares owned | shares 2,100,000

X

- Definition
Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-12C.Column C.7)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14.Column E.2,3)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12.Column C.3,4)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13.Column C.6)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010
+ Details

Name: us-gaap_InvestmentOwnedAtFairValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Balance held at close of period in number of shares.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 50
-Paragraph 6
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-12C.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010
+ Details

Name: us-gaap_InvestmentOwnedBalanceShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=118582676&loc=SL6759159-111685
+ Details

Name: us-gaap_VariableInterestEntityOwnershipPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_OtherInvestmentNotReadilyMarketableAxis=PTSC_HolocomMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SecurityOwnedNotReadilyMarketableAxis=PTSC_HolocomPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 17 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 18 R3.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares

Feb. 29, 2020

May 31, 2019

Statement of Financial Position [Abstract]

Preferred stock, par value (in Dollars per share) $ 0.00001 $ 0.00001

Preferred stock, shares authorized 5,000,000 5,000,000

Preferred stock, shares issued 0 0

Preferred stock, shares outstanding 0 0

Common stock, par value (in Dollars per share) $ 0.00001 $ 0.00001

Common stock, shares authorized 600,000,000 600,000,000

Common stock, shares issued 438,242,618 438,242,618

Common stock, shares outstanding 401,392,948 401,392,948

Common stock held in treasury, at cost 36,849,670 36,849,670

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29,30)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655
+ Details

Name: us-gaap_TreasuryStockShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)

Common Stock

Additional Paid-In Capital

Accumulated Deficit

Treasury Stock

Total

Beginning balance, shares at May. 31, 2018 401,392,948

Beginning balance, value at May. 31, 2018 $ 4,382 $ 77,444,062 $ (60,327,562) $ (14,625,868) $ 2,495,014

Net loss (549,118) (549,118)

Ending balance, shares at Feb. 28, 2019 401,392,948

Ending balance, value at Feb. 28, 2019 $ 4,382 77,444,062 (60,876,680) (14,625,868) 1,945,896

Beginning balance, shares at Nov. 30, 2018 401,392,948

Beginning balance, value at Nov. 30, 2018 $ 4,382 77,444,062 (60,692,602) (14,625,868) 2,129,974

Net loss (184,078) (184,078)

Ending balance, shares at Feb. 28, 2019 401,392,948

Ending balance, value at Feb. 28, 2019 $ 4,382 77,444,062 (60,876,680) (14,625,868) 1,945,896

Beginning balance, shares at May. 31, 2019 401,392,948

Beginning balance, value at May. 31, 2019 $ 4,382 77,444,062 (61,126,025) (14,625,868) 1,696,551

Net loss (957,642) (957,642)

Ending balance, shares at Feb. 29, 2020 401,392,948

Ending balance, value at Feb. 29, 2020 $ 4,382 77,444,062 (62,083,667) (14,625,868) 738,909

Beginning balance, shares at Nov. 30, 2019 401,392,948

Beginning balance, value at Nov. 30, 2019 $ 4,382 77,444,062 (61,982,387) (14,625,868) 840,189

Net loss (101,280) (101,280)

Ending balance, shares at Feb. 29, 2020 401,392,948

Ending balance, value at Feb. 29, 2020 $ 4,382 $ 77,444,062 $ (62,083,667) $ (14,625,868) $ 738,909

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

EXCEL 20 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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�[D,* MLK%!+H.0<.[^XH*!.X' 0P?>)@%!IC;TSO_<;A^#GCOG?Z M,?JOZ/Y;V'6$\2WM.L+X%G>2SK_)RP\"T;>:81R$WVJ&<1 /Z%H/>/1!X'O8 M>./ >MAX6R[8B,+VT.WF=[=!^]0\+N/L[(66AR<*-%] M>IL]8 PJ=UH"QE[<2:\7,&Z!W%9U],^BB'9?4FUNFSP&.+)5(.@\:_7J'9\7 M75LUY6\!I9TD:IN,+XDS:RMF]J4-+MOAI]Z3MX*<&-VG)0MV="-')T,":?N,/(&]N$$0P\O==3BX,@9*TN1-JY_8K\:Q_PA4#V*OI:' ML;=WL##<.<;HCCFB_(ZW[[ @W?/Q\?-UN'3?(=V)/WP,'P<>/LH05CQ\M&$\ M>?!X<70_9/K-P"2)[E[C#!L?WV2+N]%L_-7H,?",#9LN/9#V!$,5=8ZI(]^W MFO!ND'^CF3R@]XPZ8P;;G1_<V4!4YMP0&O" M$GQ-&%TI:K,*PBG;>GAJ@4PRJ9 VAV2T119I'GTX\IX]OXZ'4R&5J^TK^/]5 M-_T@T'M6(&5L$#C%'DCCFF@-2MP8QTUVX'.IA4[R+IOGWJ4-C^)%-5U+_;XURQ'.MW<'[A04 M=./\33$(,.RDKMGV':.EX. 7\\N"T9$%TYCT=5 E%7TT?/:J9 8 A=$:E*;9 M+O)5D7H)&]U?ITUQK.;I"6I^ZGTN08 B;%>TN?O/>9?_L^+9F[^7[+XJAX*? M4*-M52<@^+!)\ M:Q\U;*^]C/W-T&NR,D_"/7Z3FT-!6J;O[!)=,,&C_=$*CQ;#K.5 D>#1_@0Y M;?FE*SB^.]-O4$L#!!0 ( /AEB%"2?JP;X ( +P1 / >&PO=V]R M:V)O;VLN>&ULQ9A;3]LP%(#_BI67[0$U37H!*HK$@&U(TX8HXG5RG5-JX=B= M[93+K]^QJP[G@:.]6'UI&E_B+R-!>&DT M-H:&!PG/[KT_[#*. [9PSY?S8E@PWGGS52H/]HI[^&9-MY'Z<5Y4!5M)Z_PB MK!U'ME++5KY!$_?VY6@AKE(JS0D>+^\X MLLZ+Z1 /N)5.+J62_G5>Q/\*"CR+,CF-&(?]=A?$F?V?,)K52@JX,J)K0?M= M'"VHL+IV:[EQ!=.\A7FQ'\*X;MBU]DC#;O3N4#@VG LN?=/LSLMCQ-YAF9U) M[+ W317 \T%>&MV =M P_.>,D@UR-.P+5UP+8 ED34#6!X3\72>0(P)R=!#( M1<#!J0GDF( <'Q"R%\D) 3G)"WD'PFB!Z1N[F%FQ2^[61_&77?])(*<$Y/20 MD1PED,<$Y'%>R&J 2>*D"S&\M>!P]"ZFH20MN@3RA( \R0M9#_K7MY-;KG"* M.V)WX'P">4I GN:%' VP=F\1)U9TJ=D%S@QW:+P!VK28#ZEJ/LR+.0Z8PK3 M[OD+N!2+E$QFRTP&F!A&/*V-:L"Z3_$J^]<4C])+E=DOTT&XAJV,%]?%Y,"D M]OCL EB'(,6D!%-E-@QF\Z)K6VY?0SXOY*.6.)/C_7@AA$FSN:(44V5V#)G/ M/<=4E&2JS)8A,[J/26FFRNR9#U*'?<9'8M7/<$HTU2%-TX\FI9KJD*[I6;NB M9%-EM@V-.4Z?RBG;U)EM0Z=0&LV:LD^=V3XT9B^:Y$M.9@O1F),4D[)0G=E" M'Q:D*_!VDH-.K_HBA0F2:KL M?$9\.LYG1N3?W;4^P<5OPMB]3@(PT$H'K0.!ZW%@S;AH(UXT#8:^! 1ODQ0:&;) W&QBT05YM M8-@&>;>!@1ODY0:&;I"W&QB\05YO9/1&>;V1T1O_X5N;^]B6UQL9O5%>;V3T M1GF]D=$;Y?7&F=ZNUI:*=V^;OG)+E]P-?UHS@]OY6TO+9TQ3G^Z?*>W'+:2F MX^*O^#3U)T+=_3 X?0-02P,$% @ ^&6(4/BUU5-X 0 )Q$ !, !; M0V]N=&5N=%]4>7!E&ULS9C=;L(@%(!?I>GM8A&VN9^H-]MN-Y/M!1B< M6B)_ 73Z]J-5E\QTB8N:G)M2.'#.!R7?1<)MZ4G+O MM1(\*6?)RLJ#I(-=PBJ [N;$1OEXE2>4Q@K+S'>^,A_3*34Y,UIK\ MFE!=CB-M-/0#=)%S5D[Y6D!?J2ZP?=*3"NYO@W !!C[D:$BJ9WL9:9:CD;03 MS[E%:*^.!'E4\9SZD'#0(180+$:E6)1*L3B58I$JQ6)5BD6K%(M7*1:Q4BQF95C, MRK"8E6$Q*\-B5H;%K.R"9NW:RG!E_R+Y=&ZQKT^Z_R/3;U!+ 0(4 Q0 ( M /AEB% ?(\\#P !," + " 0 !?D M !D;V-0&UL4$L! A0#% @ ^&6(4 & BXCO *P( M !$ ( !F0$ &1O8U!R;W!S+V-O&UL4$L! A0#% M @ ^&6(4)E&PO=V]R:W-H965T&UL4$L! A0#% M @ ^&6(4)$I^9FH P 'A !@ ( !TPL 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^&6(4+_A%+RR 0 T@, !@ M ( !GA\ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^&6(4%6!*ONV 0 T@, M !D ( !32< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^&6(4/2PK:+ 0 -P0 !D M ( !=BT 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0# M% @ ^&6(4&GL%.YU @ Q@< !D ( !2#, 'AL+W=O M&PO=V]R:W-H965T8Y M !X;"]W;W)K&UL4$L! A0#% @ ^&6(4&[[ M(60! P APP !D ( !4SP 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^&6(4(B,P.3G @ N P !D M ( !HT0 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ^&6(4))^K!O@ @ O!$ \ M ( !Z9< 'AL+W=O $ "<1 3 M " 8"< !;0V]N=&5N=%]4>7!E&UL4$L%!@ B "( ( D ' "F> $! end XML 21 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 22 R22.htm IDEA: XBRL DOCUMENT v3.20.1

3. Investment in Affiliated Company (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended

Feb. 29, 2020

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2019

May 31, 2019

Investment in affiliated company $ 34,403 $ 34,403 $ 107,861

Equity in loss of affiliated company $ (139) $ (33,888) $ (73,458) $ (63,411)

PDS [Member]

Equity interest percentage 50.00% 50.00%

Capital contribution to entity $ 0 0

Equity in loss of affiliated company $ (139) $ (33,888) $ (73,458) $ (63,411)

Holocom [Member]

Equity interest percentage 46.00% 46.00%

Investment in affiliated company $ 0 $ 0 $ 0

Holocom [Member] | Preferred Stock [Member]

Equity shares owned 2,100,000 2,100,000

X

- Definition
Capital contribution to entity
+ References
No definition available.
+ Details

Name: PTSC_CapitalContributionToEntity

Namespace Prefix: PTSC_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_EquityMethodInvestmentOwnershipPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of income (loss) for proportionate share of equity method investee's income (loss).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(12))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(10))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13)(f))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570
+ Details

Name: us-gaap_IncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Balance held at close of period in number of shares.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 50
-Paragraph 6
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-12C.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12.Column B)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010
+ Details

Name: us-gaap_InvestmentOwnedBalanceShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of investment in equity method investee and investment in and advance to affiliate.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: dei_LegalEntityAxis=PTSC_PDSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=PTSC_HolocomMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_PreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 23 R2.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)

Feb. 29, 2020

May 31, 2019

Current assets:

Cash and cash equivalents $ 748,829 $ 787,086

Restricted cash and cash equivalents 177,247 198,843

Investments in marketable securities 0 750,000

Prepaid expenses and other current assets 31,505 28,003

Deferred tax assets 52,156 0

Total current assets 1,009,737 1,763,932

Property and equipment, net 448 814

Deferred income taxes 0 52,156

Investment in affiliated company 34,403 107,861

Total assets 1,044,588 1,924,763

Current liabilities:

Accounts payable 24,434 8,868

Accrued expenses and other 281,245 219,344

Total current liabilities 305,679 228,212

Total liabilities 305,679 228,212

Commitments and contingencies

Stockholders' equity

Preferred stock, $0.00001 par value; 5,000,000 shares authorized: none outstanding 0 0

Common stock, $0.00001 par value: 600,000,000 shares authorized: 438,242,618 shares issued and 401,392,948 shares outstanding at February 29, 2020 and May 31, 2019 4,382 4,382

Additional paid-in capital 77,444,062 77,444,062

Accumulated deficit (62,083,667) (61,126,025)

Common stock held in treasury, at cost - 36,849,670 shares at February 29, 2020 and May 31, 2019 (14,625,868) (14,625,868)

Total stockholders' equity 738,909 1,696,551

Total liabilities and stockholders' equity $ 1,044,588 $ 1,924,763

X

- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6801-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.9)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765
+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.(a),19)
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.17)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14326-108349
+ Details

Name: us-gaap_CommitmentsAndContingencies

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31931-109318

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31928-109318

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31917-109318

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31958-109318
+ Details

Name: us-gaap_DeferredTaxAssetsNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31958-109318

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31917-109318

Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31931-109318

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31928-109318

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319
+ Details

Name: us-gaap_DeferredTaxAssetsNetNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of investment in equity method investee and investment in and advance to affiliate.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of investment in marketable security, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.2)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_MarketableSecuritiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.
+ References
No definition available.
+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29,30)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655
+ Details

Name: us-gaap_TreasuryStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 24 R6.htm IDEA: XBRL DOCUMENT v3.20.1

Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents - USD ($)

Feb. 29, 2020

May 31, 2019

Feb. 28, 2019

May 31, 2018

Reconciliation of cash, cash equivalents and restricted cash and cash equivalents at end of period

Cash and Cash Equivalents $ 748,829 $ 787,086 $ 1,766,161

Restricted Cash and cash equivalents 177,247 198,843 198,887

Total cash, cash equivalents and restricted cash $ 926,076 $ 985,929 $ 1,965,048 $ 2,319,449

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 25 R10.htm IDEA: XBRL DOCUMENT v3.20.1

3. Investment in Affiliated Companies
9 Months Ended

Feb. 29, 2020

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investment in Affiliated Companies

3. Investment in Affiliated Companies

Phoenix Digital Solutions, LLC

On June 7, 2005, we entered into a Master Agreement (the “Master Agreement”) with TPL, and Charles H. Moore (“Moore”), the co-inventor of the technology which is the subject of the MMP portfolio of microprocessor patents, pursuant to which the parties resolved all legal disputes between them. Pursuant to the Master Agreement, we and TPL entered into the Limited Liability Company Operating Agreement of PDS (the “LLC Agreement”) into which we and Moore contributed our rights to certain of our technologies.

We and TPL each own 50% of the membership interests of PDS, and each member has the right to appoint one member of the three-member management committee. The two appointees are required to select a mutually acceptable third member of the management committee. There had not been a third management committee member since May 2010; however, as a result of our initiation of arbitration seeking the appointment of a third member, on December 16, 2014, an independent manager to the PDS management committee was selected by the arbitrator. Pursuant to the LLC Agreement, we and TPL initially agreed to establish a working capital fund for PDS of $4,000,000, of which our contribution was $2,000,000. The working capital fund was increased to a maximum of $8,000,000 as license revenues are achieved. We and TPL are obligated to fund future working capital requirements at the discretion of the management committee of PDS in order to maintain working capital of not more than $8,000,000. If the management committee determines that additional capital is required, neither we nor TPL are required to contribute more than $2,000,000 in any fiscal year. No such contributions were made during the three and nine months ended February 29, 2020 and February 28, 2019. Distributable cash and allocation of profits and losses have been allocated to the members in the priority defined in the LLC Agreement.

On July 11, 2012, we entered into the Program Agreement with PDS, TPL, and Alliacense, and an Agreement (the “TPL Agreement”) with TPL. Pursuant to the Program Agreement, PDS engaged Alliacense to negotiate MMP portfolio licenses and to pursue claims against violators of the MMP portfolio on behalf of PDS, TPL, and the Company. The Program Agreement continued through the useful life of the MMP portfolio patents. Pursuant to the TPL Agreement, we and TPL agreed to certain allocations of obligations in connection with the engagement of Alliacense. On July 24, 2014, the Program Agreement was amended with PDS and Alliacense entering into the Amended Alliacense Services and Novation Agreement (the “Novation Agreement”). Pursuant to the Novation Agreement, certain performance goals and incentives were established for Alliacense. The Novation Agreement also provided for the addition of a second licensing company, which was engaged on October 10, 2014, to complement the MMP licensing commercialization. However, Alliacense fulfilled only a portion of its obligations under the Novation Agreement associated with the deployment of the second licensing company and on May 11, 2015, Alliacense was terminated by PDS.

On August 10, 2016, PDS entered into an agreement with Alliacense and MMP Licensing, LLC to settle matters relating to Alliacense’s non-performance under terms of the Novation Agreement. The August 10, 2016 agreement required Alliacense to provide PDS’s second licensing company, Dominion Harbor Group (“DHG”), with certain materials and to cooperate with reasonable discovery requests relating to infringement litigation in the U.S. District Court for the Northern District of California. MMP Licensing, LLC will provide commercialization services to PDS for the MMP portfolio with respect to certain companies. PDS and Alliacense have agreed to cause the arbitration between the parties to be dismissed with prejudice. The August 10, 2016 agreement, and the agreement retaining DHG as PDS’s second licensing company, will both expire on October 4, 2022. Terms of the settlement agreement required PDS to pay Alliacense $84,000 within 24 hours after delivery of materials to PDS’s second licensing agent and to pay Alliacense $84,000 out of subsequent recoveries. PDS paid Alliacense $84,000 on each of August 11, 2016 and October 3, 2016.

During January 2013, TPL and Moore settled their litigation. Terms of the settlement included the payment by PDS to Moore of a consulting fee of $250,000 for four years or until the completion of all outstanding MMP litigation whichever came first. Per terms of the agreement, PDS paid Moore $150,000 on the settlement date and paid Moore $16,667 per month from August 2013 through January 2014 and $20,833 per month beginning February 2014 through January 2017.

Based on our analysis of current authoritative accounting guidance with respect to our investment in PDS, we continue to account for our investment in PDS under the equity method of accounting, and accordingly have recorded our share of PDS’s net loss during the three and nine months ended February 29, 2020 of $139 and $73,458, respectively, and $33,888 and $63,411, respectively, for the three and nine months ended February 28, 2019, as a decrease in our investment as “Equity in loss of affiliated company” in the accompanying condensed consolidated statements of operations.

On March 20, 2013, TPL filed a petition under Chapter 11 of the United States Bankruptcy Code. On March 5, 2018, TPL’s Motion for Entry of Final Decree Closing Chapter 11 was granted. In the event we are required to provide funding to PDS that is not reciprocated by TPL, our ownership percentage in PDS will increase and we will have a controlling financial interest in PDS, in which case, we will consolidate PDS in our condensed consolidated financial statements. If we determine that it is appropriate to consolidate PDS, we would measure the assets, liabilities and noncontrolling interests of PDS at their fair values at the date that we have the controlling financial interest.

PDS’s balance sheets at February 29, 2020 and May 31, 2019 and statements of operations for the three and nine months ended February 29, 2020 and February 28, 2019 are as follows:

Balance Sheets

Assets:

February 29, 2020 May 31, 2019

(Unaudited)

Cash $ 68,806 $ 237,655

Total assets $ 68,806 $ 237,655

Liabilities and Members’ Equity:

February 29, 2020 May 31, 2019

(Unaudited)

Payables $ – $ 21,933

Members’ equity 68,806 215,722

Total liabilities and members’ equity $ 68,806 $ 237,655

Statements of Operations:

Three Months Ended Nine Months Ended

February 29, 2020 February 28, 2019 February 29, 2020 February 28, 2019

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Expenses $ 278 $ 67,778 $ 146,916 $ 126,823

Net loss $ (278 ) $ (67,778 ) $ (146,916 ) $ (126,823 )

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near-term prospects of PDS. If a decline in value is deemed to be other than temporary, we would recognize an impairment loss.

Holocom, Inc.

We currently own 2,100,000 shares of preferred stock, equivalent to an approximate 46% ownership interest on an after converted basis, in Holocom, Inc. (“Holocom”), a California corporation that manufactures products that protect information transmitted over secure networks. The shares are convertible at our option into shares of Holocom’s common stock on a one-to-one basis. The preferred stock entitles us to receive non-cumulative dividends at the per annum rate of $0.04 per share, when and if declared by the Board of Directors of Holocom, as well as a liquidation preference of $0.40 per share, plus an amount equal to all declared but unpaid dividends.

In 2010, we determined that the inability of Holocom to meet its business plan, raise capital, and the general economic environment were indicators of impairment on our investment and we wrote-off our cost basis investment in Holocom. At February 29, 2020 and May 31, 2019, our investment in Holocom was valued at $0.

X

- References
No definition available.
+ Details

Name: us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412
+ Details

Name: us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R14.htm IDEA: XBRL DOCUMENT v3.20.1

1. Summary of Significant Accounting Policies (Policies)
9 Months Ended

Feb. 29, 2020

Accounting Policies [Abstract]

Basis of Consolidation

Basis of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.

Liquidity and Management's Plans

Liquidity and Management’s Plans

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000.

Historically, we have been a licensing company and have entered into a number of agreements in our pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the US 5,809,336 patent (the “‘336 patent”) against multiple defendants (see Note 6). As result of this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company and a potential new line of business. Currently, we do not have any potential sources of revenue and our joint venture, Phoenix Digital Solutions, LLC (“PDS”) has not generated significant license revenues since September 2013.

In addition, there are a number of uncertainties associated with our financial projections that could increase or expedite our projected expenses, which could negatively impact our cash on hand. Additionally, we do not expect to generate any revenue over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders.

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on current operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

The above matters raise substantial doubt regarding our ability to continue as a going concern.

Investment in Affiliated Companies

Investment in Affiliated Companies

We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS.

PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss.

We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.

Income (Loss) Per Share

Income (Loss) Per Share

Basic income (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.

At February 29, 2020 and February 28, 2019, potential common shares of 1,000,000 and 1,600,000, respectively, underlying our outstanding stock options were excluded from the calculation of diluted loss per common share as the impact is anti-dilutive during periods of net loss. As such, there was no difference between basic and diluted loss per common share amounts for the three and nine months ended February 29, 2020 and February 28, 2019. Had we reported net income for the three and nine months ended February 29, 2020 and February 28, 2019, no shares of common stock would have been included in the calculation of diluted income per share using the treasury stock method.

In connection with our acquisition of Crossflo, which became a part of PDSG, we issued 2,844,630 escrow shares that are contingent upon certain representations and warranties made by Crossflo at the time of the merger agreement (see Note 6). We exclude these escrow shares from the basic loss per common share calculations and would have included the escrowed shares in the diluted income per common share calculations if we reported net income.

Income Taxes

Income Taxes

We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold.

We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income.

With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets.

On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

Assessment of Contingent Liabilities

Assessment of Contingent Liabilities

We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.

Intellectual Property Rights

Intellectual Property Rights

PDS, our investment in affiliated company, has historically relied on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. We have seven U.S., nine European, and three Japanese patents all of which expired between August 2009 and October 2016. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration dates. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. Based on this adverse decision, PDS has halted all licensing efforts as we evaluate the future direction of the Company.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 450
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6491354&loc=d3e6052-115624

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 450
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491354&loc=d3e6049-115624

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_CommitmentsAndContingenciesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.3A-02)
-URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355033-122828

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.3A-03)
-URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355100-122828

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684
+ Details

Name: us-gaap_ConsolidationPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257
+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 21D
-URI http://asc.fasb.org/extlink&oid=118932676&loc=SL94080555-108585

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_EquityMethodInvestmentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for indefinite-lived intangible assets (that is, those intangible assets not subject to amortization). This accounting policy also may address how the entity assesses whether events and circumstances continue to support an indefinite useful life and how the entity assesses and measures impairment of such assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsIntangibleAssetsIndefiniteLivedPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116657188&loc=SL116659661-227067

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e32247-109318

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e32280-109318

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 40
-URI http://asc.fasb.org/subtopic&trid=51888271
+ Details

Name: us-gaap_SubstantialDoubtAboutGoingConcernTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R18.htm IDEA: XBRL DOCUMENT v3.20.1

1. Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($)
9 Months Ended

Feb. 29, 2020

Feb. 28, 2019

May 31, 2019

Accumulated deficit $ (62,083,667) $ (61,126,025)

Cash and cash equivalents 748,829 $ 1,766,161 $ 787,086

Working capital $ 704,000

Crossflo [Member]

Shares held in escrow 2,844,630

Options [Member]

Common shares not included in calculation of net earnings (loss) per share 1,000,000 1,600,000

PDS [Member]

Percentage of investment in affiliated company 50.00%

X

- Definition
Shares held in escrow
+ References
No definition available.
+ Details

Name: PTSC_SharesHeldInEscrow

Namespace Prefix: PTSC_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Working capital
+ References
No definition available.
+ Details

Name: PTSC_WorkingCapital

Namespace Prefix: PTSC_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_EquityMethodInvestmentOwnershipPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_BusinessAcquisitionAxis=PTSC_CrossfloMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=PTSC_PDSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 28 R8.htm IDEA: XBRL DOCUMENT v3.20.1

1. Basis of Presentation and Summary of Significant Accounting Policies
9 Months Ended

Feb. 29, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

1. Basis of Presentation and Summary of Significant Accounting Policies

The unaudited condensed consolidated financial statements of Patriot Scientific Corporation (the “Company”, “PTSC”, “Patriot”, “we”, “us” or “our”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our Report on Form 10-K for our fiscal year ended May 31, 2019. The condensed consolidated balance sheet at May 31, 2019 has been derived from audited financial statements at that date.

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim period presented. Operating results for the three and nine month periods ended February 29, 2020 may not necessarily be indicative of the results that may be expected for the full fiscal year ending May 31, 2020.

Basis of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.

Liquidity and Management’s Plans

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000.

Historically, we have been a licensing company and have entered into a number of agreements in our pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the US 5,809,336 patent (the “‘336 patent”) against multiple defendants (see Note 6). As result of this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company and a potential new line of business. Currently, we do not have any potential sources of revenue and our joint venture, Phoenix Digital Solutions, LLC (“PDS”) has not generated significant license revenues since September 2013.

In addition, there are a number of uncertainties associated with our financial projections that could increase or expedite our projected expenses, which could negatively impact our cash on hand. Additionally, we do not expect to generate any revenue over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders.

One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on current operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q.

The above matters raise substantial doubt regarding our ability to continue as a going concern.

Investment in Affiliated Companies

We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS.

PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met.

We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss.

We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.

Income (Loss) Per Share

Basic income (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.

At February 29, 2020 and February 28, 2019, potential common shares of 1,000,000 and 1,600,000, respectively, underlying our outstanding stock options were excluded from the calculation of diluted loss per common share as the impact is anti-dilutive during periods of net loss. As such, there was no difference between basic and diluted loss per common share amounts for the three and nine months ended February 29, 2020 and February 28, 2019. Had we reported net income for the three and nine months ended February 29, 2020 and February 28, 2019, no shares of common stock would have been included in the calculation of diluted income per share using the treasury stock method.

In connection with our acquisition of Crossflo, which became a part of PDSG, we issued 2,844,630 escrow shares that are contingent upon certain representations and warranties made by Crossflo at the time of the merger agreement (see Note 6). We exclude these escrow shares from the basic loss per common share calculations and would have included the escrowed shares in the diluted income per common share calculations if we reported net income.

Income Taxes

We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold.

We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income.

With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets.

On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.

Assessment of Contingent Liabilities

We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.

Intellectual Property Rights

PDS, our investment in affiliated company, has historically relied on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. We have seven U.S., nine European, and three Japanese patents all of which expired between August 2009 and October 2016. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration dates. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. Based on this adverse decision, PDS has halted all licensing efforts as we evaluate the future direction of the Company.

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

X

- Definition
The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369
+ Details

Name: us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 29 R4.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended

Feb. 29, 2020

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2019

Operating expenses:

Selling, general and administrative $ 103,834 $ 158,623 $ 894,311 $ 506,029

Total operating expenses 103,834 158,623 894,311 506,029

Other income (expense):

Interest income 2,693 8,433 11,727 21,922

Equity in loss of affiliated company (139) (33,888) (73,458) (63,411)

Total other income (expense), net 2,554 (25,455) (61,731) (41,489)

Loss before income taxes (101,280) (184,078) (956,042) (547,518)

Provision for income taxes 0 0 1,600 1,600

Net loss $ (101,280) $ (184,078) $ (957,642) $ (549,118)

Basic and diluted loss per common share $ 0 $ 0 $ 0 $ 0

Weighted average number of common shares outstanding - basic 398,548,318 398,548,318 398,548,318 398,548,318

Weighted average number of common shares outstanding - diluted 398,548,318 398,548,318 398,548,318 398,548,318

X

- Definition
Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.
+ References
No definition available.
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income (loss) for proportionate share of equity method investee's income (loss).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(12))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(10))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13)(f))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570
+ Details

Name: us-gaap_IncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business).
+ References
No definition available.
+ Details

Name: us-gaap_InterestAndOtherIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_NonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_SellingGeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.20.1

2. Cash, Cash Equivalents, Restricted Cash (Details - Maturities) - USD ($)

Feb. 29, 2020

May 31, 2019

Investments owned at cost $ 1,250,000

Gross Unrealized Gains/(Losses) 0

Total fair value of investment 1,250,000

Due in three months or less [Member]

Investments owned at cost $ 0 500,000

Gross Unrealized Gains/(Losses) 0 0

Total fair value of investment $ 0 500,000

Due in greater than three months [Member]

Investments owned at cost 750,000

Gross Unrealized Gains/(Losses) 0

Total fair value of investment $ 750,000

X

- Definition
Amount before tax of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.
+ References
No definition available.
+ Details

Name: us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The aggregate fair value as of the balance sheet date of financial instruments and other positions owned by the entity including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. Includes both pledged and unpledged holdings.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969
+ Details

Name: us-gaap_FinancialInstrumentsOwnedAtFairValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Cost of the investment.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841
+ Details

Name: us-gaap_InvestmentOwnedAtCost

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_CashAndCashEquivalentsAxis=PTSC_DueInThreeMonthsOrLessMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CashAndCashEquivalentsAxis=PTSC_DueInGreaterThanThreeMonthsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 31 R24.htm IDEA: XBRL DOCUMENT v3.20.1

5. Stockholders' Equity (Details - Option activity) - Options [Member]
9 Months Ended

Feb. 29, 2020

USD ($)

$ / shares

shares

Number of Options

Number of Options Outstanding, Beginning | shares 1,600,000

Number of Options Granted | shares 0

Number of Options Exercised | shares 0

Number of Options Forfeited/Expired | shares (600,000)

Number of Options Outstanding, Ending | shares 1,000,000

Options vested and expected to vest, Ending | shares 1,000,000

Number of Options Exercisable, Ending | shares 1,000,000

Weighted Average Exercise Price

Weighted Average Exercise Price Outstanding, Beginning | $ / shares $ 0.03

Weighted Average Exercise Price Granted | $ / shares

Weighted Average Exercise Price Exercised | $ / shares

Weighted Average Exercise Price Forfeited/Expired | $ / shares

Weighted Average Exercise Price Outstanding, Ending | $ / shares 0.03

Weighted Average Exercise Price, Options vested and expected to vest, Ending | $ / shares 0.03

Weighted Average Exercise Price Exercisable | $ / shares $ 0.03

Weighted Average Remaining Contractual Life

Weighted Average Remaining Contractual Life (in years) Outstanding 2 months 5 days

Weighted Average Remaining Contractual Life (in years) Options vested and expected to vest 2 months 5 days

Weighted Average Remaining Contractual Life (in years) Exercisable 2 months 5 days

Aggregate Intrinsic Value

Aggregate Intrinsic Value Outstanding, Beginning | $ $ 0

Aggregate Intrinsic Value Outstanding, Ending | $ 0

Aggregate Intrinsic Value Options vested and expected to vest | $ 0

Aggregate Intrinsic Value Exercisable | $ $ 0

X

- Definition
Aggregate Intrinsic Value [Abstract]
+ References
No definition available.
+ Details

Name: PTSC_AggregateIntrinsicValueAbstract

Namespace Prefix: PTSC_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted Average Remaining Contractual Life [Abstract]
+ References
No definition available.
+ Details

Name: PTSC_WeightedAverageRemainingContractualLifeAbstract

Namespace Prefix: PTSC_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(3)-(4)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price of options that were either forfeited or expired.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(3)-(4)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Gross number of share options (or share units) granted during the period.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Number of options outstanding, including both vested and non-vested options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)-(ii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Number of fully vested and expected to vest options outstanding that can be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of share options (or share units) exercised during the current period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_StockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 32 R12.htm IDEA: XBRL DOCUMENT v3.20.1

5. Stockholders' Equity
9 Months Ended

Feb. 29, 2020

Equity [Abstract]

Stockholders' Equity

5. Stockholders’ Equity

Share-based Compensation

Summary of Assumptions and Activity

The fair value of share-based awards to employees and directors is calculated using the Black-Scholes option pricing model, even though this model was developed to estimate the fair value of freely tradable, fully transferable options without vesting restrictions, which differ significantly from our stock options.

The Black-Scholes model also requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the pricing term of the grant effective as of the date of the grant. The expected volatility is based on the historical volatilities of our common stock. These factors could change in the future, affecting the determination of share-based compensation expense in future periods.

A summary of option activity as of February 29, 2020 and changes during the nine months then ended, is presented below:

Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value

Options outstanding at June 1, 2019 1,600,000 $ 0.03

Options granted – $ –

Options exercised – $ –

Options forfeited/expired (600,000 ) $ 0.03

Options outstanding at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

Options vested and expected to vest at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

Options exercisable at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

The aggregate intrinsic value represents the differences in market price per share at the close of the quarter ($0.0018 per share as of February 28, 2020) and the exercise price of outstanding, in-the-money options (those options with exercise prices below $0.0018 per share) on February 29, 2020.

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 33 R16.htm IDEA: XBRL DOCUMENT v3.20.1

3. Investment in Affiliated Company (Tables)
9 Months Ended

Feb. 29, 2020

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Financial Statements of Affiliates

Balance Sheets

Assets:

February 29, 2020 May 31, 2019

(Unaudited)

Cash $ 68,806 $ 237,655

Total assets $ 68,806 $ 237,655

Liabilities and Members’ Equity:

February 29, 2020 May 31, 2019

(Unaudited)

Payables $ – $ 21,933

Members’ equity 68,806 215,722

Total liabilities and members’ equity $ 68,806 $ 237,655

Statements of Operations:

Three Months Ended Nine Months Ended

February 29, 2020 February 28, 2019 February 29, 2020 February 28, 2019

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Expenses $ 278 $ 67,778 $ 146,916 $ 126,823

Net loss $ (278 ) $ (67,778 ) $ (146,916 ) $ (126,823 )

X

- References
No definition available.
+ Details

Name: us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010
+ Details

Name: us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 34 R13.htm IDEA: XBRL DOCUMENT v3.20.1

6. Commitments and Contingencies
9 Months Ended

Feb. 29, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

6. Commitments and Contingencies

Litigation

Patent Litigation

We, TPL, and PDS (collectively referred to as “Plaintiffs”) are Plaintiffs were in proceedings in the U.S. District Court for the Northern District of California where the Plaintiffs allege infringement of the US 5,809,336 patent (the “‘336 patent”) by: Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Samsung Electronics Co. Ltd., and ZTE Corporation (collectively referred to as the “Defendants”). This litigation was proceeding in front of District Court Judge Vince Chhabria.

These proceedings relate to the proceedings filed by the Plaintiffs in February 2008 in the U.S. District Court for the Northern District of California alleging infringement of the US 5,440,749 patent (the “‘749 patent”), the US 5,530,890 patent (the “‘890 patent”) and the ‘336 patent against Amazon.com Inc., Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., Kyocera Corporation, LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., Sierra Wireless Inc., and ZTE Corporation. We have settled with all defendants except those named in the first paragraph to this footnote. On September 18, 2015, a Markman hearing was held before U.S. Magistrate Judge Grewal and, on September 22, 2015, he issued a claim construction report and recommendation. On September 25, 2015, as a result of the claim construction report and recommendation, Plaintiffs and defendants, with the exception of Huawei Technologies Co. Ltd., (“Huawei”) agreed to stay all proceedings pending resolution of Plaintiffs’ objections to the claim construction report and recommendation. Plaintiffs further stipulated that, under the claim construction provided by the report and recommendation, defendants’ products do not infringe the ‘336 patent, and, in the event that the Court does not materially modify the claim construction, Plaintiffs and defendants ask that the Court enter a final judgment of non-infringement. After Plaintiffs and Huawei filed opposing letter briefs with the Court, U.S. Magistrate Judge Grewal stayed the action against Huawei pending resolution of Plaintiffs’ objections to the claim construction. On October 6, 2015, Plaintiffs filed objections to the claim construction with District Court Judge Chhabria. Judge Chhabria rejected those objections on November 9, 2015. Based on that order, the parties stipulated to a judgment of non-infringement as to the ‘336 patent and such judgment was entered on November 13, 2015.

On December 7, 2015, Plaintiffs filed notices of appeal with the U.S. Federal Circuit appealing the district court’s claim construction. Plaintiffs filed their opening appellate brief on March 10, 2016. Defendants filed their response brief on May 23, 2016, with Plaintiffs filing their reply brief on June 23, 2016. On March 3, 2017, the U.S. Court of Appeals for the Federal Circuit rendered its decision modifying the claim construction that was issued in September 2016 by the U.S. District Court for the Northern District of California and has remanded the matter to the District Court for further proceedings.

On May 23, 2017, a case management conference was held in front of District Court Judge Chhabria, who ordered that Plaintiffs amend their infringement contentions on or before June 16, 2017. Judge Chhabria further ordered that Defendants submit any motion for summary judgment based on the amended infringement contentions and the modified claim construction by August 1, 2017. On June 5, 2017, the law firm of Banys, P.C., who had served as local counsel for PDS, withdrew as counsel. PDS continued to be represented by the law firm of Nelson Bumgardner, P.C. On June 16, 2017, Plaintiffs timely amended their infringement contentions. On July 13, 2017, all remaining counsel for each of Patriot, TPL, and PDS moved to withdraw as counsel and further moved to extend all currently pending case deadlines by 60 days for Plaintiffs to seek new counsel.

On September 13, 2017, the law firm of Bunsow De Mory LLP was entered before the U.S. District Court for the Northern District of California as successor counsel in representation of Patriot, PDS, and TPL.

The Defendants moved for summary judgment of non-infringement on September 29, 2017, and the Court held a hearing on Defendants’ motion on November 30, 2017. The Court granted Defendants’ motion and entered judgment of non-infringement on December 13, 2017.

Defendant Samsung submitted a bill of costs seeking $30,170 in taxable costs in the underlying district court proceedings; Plaintiffs filed an objection to significant portions of that request. On March 1, 2018, the Clerk of the District Court taxed costs in the amount $829.

Plaintiffs filed notices of appeal in these district court matters on January 5, 2018. The appeals were docketed and consolidated under lead case No. 18-1439, captioned as Technology Properties Limited v. Huawei Technologies Co., Ltd in the United States Court of Appeals for the Federal Circuit. Oral argument proceeded on February 4, 2019. The Court affirmed the lower court’s determination without written opinion pursuant to Federal Circuit Rule 36 on February 6, 2019. Plaintiffs filed a Petition for Rehearing En Banc on March 8, 2019 which was denied by the Court on April 10, 2019.

On September 6, 2019 Plaintiffs filed a petition for a writ of certiorari with the Supreme Court of the United States as a result of the United States Court of Appeals outcome.

On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against the Defendants (see Note 1).

Employment Contracts

In connection with Cliff Flowers’ appointment as the Chief Financial Officer of the Company, and commencing on September 17, 2007, we entered into an employment agreement with Mr. Flowers for an initial 120-day term if not terminated pursuant to the agreement, with an extension period of one year and on a continuing basis thereafter. On December 30, 2016, we entered into an amended and restated employment agreement with Mr. Flowers. Pursuant to the amended December 30, 2016 agreement, if Mr. Flowers was terminated without cause or resigns with good reason any time after two years of continuous employment, he was entitled to receive an amount equal to 1.25 times his annual base salary. Mr. Flowers was also entitled to certain payments upon a change of control of the Company if the surviving corporation did not retain him. All such payments were conditional upon the execution of a general release. On October 1, 2019, Mr. Flowers and the Company signed a Separation Agreement and General Release of all Claims (“Separation Agreement”). Pursuant to the Separation Agreement, Mr. Flowers resigned on September 30, 2019 and agreed to severance compensation of $327,750, in lieu if any amounts owed under his amended and restated employment agreement, payable in seven equal monthly installments commencing October 30, 2019. As of February 29, 2020, we have a remaining liability of $97,765 included in Accrued expenses and other in the accompanying unaudited condensed consolidated financial statements. There were no known disagreements with Mr. Flowers regarding our operations, policies or practices. The Board appointed Carlton M. Johnson to assume all management roles on an interim basis.

Guarantees and Indemnities

We have made certain guarantees and indemnities, under which we may be required to make payments to a guaranteed or indemnified party. We indemnify our directors, officers, employees and agents to the maximum extent permitted under the laws of the State of Delaware. The duration of the guarantees and indemnities varies, and in many cases is indefinite. These guarantees and indemnities do not provide for any limitation of the maximum potential future payments we could be obligated to make. Historically, we have not been obligated to make any payments for these obligations and no liabilities have been recorded for these guarantees and indemnities in the accompanying condensed consolidated balance sheets.

Escrow Shares

On August 31, 2009, we gave notice to the former shareholders of Crossflo and Union Bank of California (the “Escrow Agent”) under Section 2.5 of the Agreement and Plan of Merger between us and Crossflo (the “Agreement”), outlining damages incurred by us in conjunction with the acquisition of Crossflo, and seeking the return of 2,844,630 shares of our common stock held by the Escrow Agent. Subsequently, former shareholders of Crossflo representing a majority of the escrowed shares responded in protest to our claim, delaying the release of the escrowed shares until a formal resolution is reached. In the event we fail to prevail in our claim against the escrowed shares, we may be obligated to deposit into escrow approximately $256,000 of cash consideration due to the decline in our average stock price over the one year escrow period, calculated in accordance with the Section 2.5 of the Agreement. We have evaluated the potential for loss regarding our claim and believe that it is probable that the resolution of this issue will not result in a material obligation to the Company, although there is no assurance of this. Accordingly, we have not recorded a liability for this matter.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 35 R17.htm IDEA: XBRL DOCUMENT v3.20.1

5. Stockholders' Equity (Tables)
9 Months Ended

Feb. 29, 2020

Equity [Abstract]

Schedule of Stock Options Activity

Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value

Options outstanding at June 1, 2019 1,600,000 $ 0.03

Options granted – $ –

Options exercised – $ –

Options forfeited/expired (600,000 ) $ 0.03

Options outstanding at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

Options vested and expected to vest at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

Options exercisable at February 29, 2020 1,000,000 $ 0.03 0.18 $ –

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 37 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document and Entity Information - shares
9 Months Ended

Feb. 29, 2020

Apr. 08, 2020

Cover [Abstract]

Entity Registrant Name PATRIOT SCIENTIFIC CORP

Entity Central Index Key 0000836564

Document Type 10-Q

Document Period End Date Feb. 29, 2020

Amendment Flag false

Current Fiscal Year End Date --05-31

Is Entity's Reporting Status Current Yes

Entity Filer Category Non-accelerated Filer

Entity Common Stock, Shares Outstanding 401,392,948

Document Fiscal Period Focus Q3

Document Fiscal Year Focus 2020

Entity Small Business true

Entity Emerging Growth false

Entity file number 000-22182

Entity state of incorporation DE

Interactive Data Current Yes

Entity Shell Company false

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Cover page.
+ References
No definition available.
+ Details

Name: dei_CoverAbstract

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details

Name: dei_EntityFileNumber

Namespace Prefix: dei_

Data Type: dei:fileNumberItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details

Name: dei_EntityIncorporationStateCountryCode

Namespace Prefix: dei_

Data Type: dei:edgarStateCountryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

XML 38 R5.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended

Feb. 29, 2020

Feb. 28, 2019

Operating activities:

Net loss $ (957,642) $ (549,118)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation 366 366

Equity in loss of affiliated company 73,458 63,411

Changes in operating assets and liabilities:

Prepaid expenses and other current assets (3,502) (18,467)

Income taxes payable 0 1,600

Accounts payable, accrued expenses and other 77,467 (29,439)

Net cash used in operating activities (809,853) (531,647)

Investing activities:

Proceeds from sales of marketable securities 1,000,000 0

Purchases of marketable securities (250,000) 0

Crossflo acquisition liability 0 177,246

Net cash provided by investing activities 750,000 177,246

Net decrease in cash, cash equivalents and restricted cash and cash equivalents (59,853) (354,401)

Cash, cash equivalents and restricted cash and cash equivalents, beginning of period 985,929 2,319,449

Cash, cash equivalents and restricted cash and cash equivalents, end of period 926,076 1,965,048

Supplemental Disclosure of Cash Flow Information:

Cash paid for income taxes $ 1,600 $ 0

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477
+ Details

Name: us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of income (loss) for proportionate share of equity method investee's income (loss).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(12))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(10))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13)(f))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570
+ Details

Name: us-gaap_IncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586
+ Details

Name: us-gaap_IncomeTaxesPaidNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in prepaid expenses, and assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash outflow for purchase of marketable security.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118954083&loc=d3e26853-111562
+ Details

Name: us-gaap_PaymentsToAcquireMarketableSecurities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period.
+ References
No definition available.
+ Details

Name: us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 39 R9.htm IDEA: XBRL DOCUMENT v3.20.1

2. Cash, Cash Equivalents, Restricted Cash
9 Months Ended

Feb. 29, 2020

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents, Restricted Cash and Marketable Securities

2. Cash, Cash Equivalents and Restricted Cash

We follow authoritative guidance to account for our marketable securities as held-to-maturity. Under this authoritative guidance, we are required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. We determine fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment or valuations by third party professionals. The three levels of inputs that we may use to measure fair value are:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity).

The following tables detail the fair value measurements within the fair value hierarchy of our cash, cash equivalents and investments in marketable securities:

Fair Value Measurements at

February 29, 2020 Using

Fair Value at
February 29, 2020 Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) Significant Other Observable
Inputs
(Level 2) Significant
Unobservable
Inputs
(Level 3)

Cash and cash equivalents:

Cash $ 748,829 $ 748,829 $ – $ –

Restricted cash and cash equivalents 177,247 177,247 – –

Total $ 926,076 $ 926,076 $ – $ –

Fair Value Measurements at

May 31, 2019 Using

Fair Value at
May 31,
2019 Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) Significant Other
Observable
Inputs
(Level 2) Significant
Unobservable
Inputs
(Level 3)

Cash and cash equivalents:

Cash $ 49,149 $ 49,149 $ – $ –

Money market funds 237,937 237,937 – –

Certificates of deposit 500,000 – 500,000 –

Restricted cash and cash equivalents 198,843 198,843 – –

Investments in marketable securities:

Certificates of deposit 750,000 – 750,000 –

Total $ 1,735,929 $ 485,929 $ 1,250,000 $ –

We purchase certificates of deposit with varying maturity dates. The following tables summarize the purchase date maturities, gross unrealized gains or losses and fair value of the certificates of deposit as of May 31, 2019:

May 31, 2019

Cost Gross Unrealized Gains/(Losses) Fair
Value

Maturity

Due in three months or less $ 500,000 $ – $ 500,000

Due in greater than three months 750,000 – 750,000

$ 1,250,000 $ – $ 1,250,000

There were no outstanding certificates of deposit as of February 29, 2020.

X

- References
No definition available.
+ Details

Name: us-gaap_CashAndCashEquivalentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 R21.htm IDEA: XBRL DOCUMENT v3.20.1

3. Investment in Affiliated Company (Details) - USD ($)
3 Months Ended 9 Months Ended

Feb. 29, 2020

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2019

May 31, 2019

Total assets $ 1,044,588 $ 1,044,588 $ 1,924,763

Total liabilities and members' equity 1,044,588 1,044,588 1,924,763

PDS [Member]

Total assets 68,806 68,806 237,655

Total liabilities and members' equity 68,806 68,806 237,655

Expenses 278 $ 67,778 146,916 $ 126,823

Net loss (278) $ (67,778) (146,916) $ (126,823)

PDS [Member] | Cash [Member]

Total assets 68,806 68,806 237,655

PDS [Member] | Payables [Member]

Total liabilities and members' equity 0 0 21,933

PDS [Member] | Members equity [Member]

Total liabilities and members' equity $ 68,806 $ 68,806 $ 215,722

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_CostOfRevenue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: PTSC_EquityMethodInvestmentNonconsolidatedInvesteeAxis=PTSC_PDSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_BalanceSheetLocationAxis=us-gaap_CashMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_BalanceSheetLocationAxis=us-gaap_AccountsPayableAndAccruedLiabilitiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_BalanceSheetLocationAxis=PTSC_MembersEquityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 41 R25.htm IDEA: XBRL DOCUMENT v3.20.1

6. Commitments and Contingencies (Details Narrative) - USD ($)

Feb. 29, 2020

May 31, 2019

Accrued expenses and other $ 281,245 $ 219,344

Mr. Flowers Separation Agreement [Member]

Accrued expenses and other $ 97,765

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_RestructuringCostAndReserveAxis=us-gaap_EmployeeSeveranceMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

3. Investment in Affiliated Companies (Details Narrative) - Holocom [Member]	9 Months Ended
	Feb. 29, 2020 USD ($) shares
Ownership interest	46.00%
Investment fair value \| $	$ 0
Holocom Preferred Stock [Member]
Investment shares owned \| shares	2,100,000

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Feb. 29, 2020	May 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	438,242,618	438,242,618
Common stock, shares outstanding	401,392,948	401,392,948
Common stock held in treasury, at cost	36,849,670	36,849,670

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Treasury Stock	Total
Beginning balance, shares at May. 31, 2018	401,392,948
Beginning balance, value at May. 31, 2018	$ 4,382	$ 77,444,062	$ (60,327,562)	$ (14,625,868)	$ 2,495,014
Net loss			(549,118)		(549,118)
Ending balance, shares at Feb. 28, 2019	401,392,948
Ending balance, value at Feb. 28, 2019	$ 4,382	77,444,062	(60,876,680)	(14,625,868)	1,945,896
Beginning balance, shares at Nov. 30, 2018	401,392,948
Beginning balance, value at Nov. 30, 2018	$ 4,382	77,444,062	(60,692,602)	(14,625,868)	2,129,974
Net loss			(184,078)		(184,078)
Ending balance, shares at Feb. 28, 2019	401,392,948
Ending balance, value at Feb. 28, 2019	$ 4,382	77,444,062	(60,876,680)	(14,625,868)	1,945,896
Beginning balance, shares at May. 31, 2019	401,392,948
Beginning balance, value at May. 31, 2019	$ 4,382	77,444,062	(61,126,025)	(14,625,868)	1,696,551
Net loss			(957,642)		(957,642)
Ending balance, shares at Feb. 29, 2020	401,392,948
Ending balance, value at Feb. 29, 2020	$ 4,382	77,444,062	(62,083,667)	(14,625,868)	738,909
Beginning balance, shares at Nov. 30, 2019	401,392,948
Beginning balance, value at Nov. 30, 2019	$ 4,382	77,444,062	(61,982,387)	(14,625,868)	840,189
Net loss			(101,280)		(101,280)
Ending balance, shares at Feb. 29, 2020	401,392,948
Ending balance, value at Feb. 29, 2020	$ 4,382	$ 77,444,062	$ (62,083,667)	$ (14,625,868)	$ 738,909

3. Investment in Affiliated Company (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019	May 31, 2019
Investment in affiliated company	$ 34,403		$ 34,403		$ 107,861
Equity in loss of affiliated company	$ (139)	$ (33,888)	$ (73,458)	$ (63,411)
PDS [Member]
Equity interest percentage	50.00%		50.00%
Capital contribution to entity			$ 0	0
Equity in loss of affiliated company	$ (139)	$ (33,888)	$ (73,458)	$ (63,411)
Holocom [Member]
Equity interest percentage	46.00%		46.00%
Investment in affiliated company	$ 0		$ 0		$ 0
Holocom [Member] \| Preferred Stock [Member]
Equity shares owned	2,100,000		2,100,000

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Feb. 29, 2020	May 31, 2019
Current assets:
Cash and cash equivalents	$ 748,829	$ 787,086
Restricted cash and cash equivalents	177,247	198,843
Investments in marketable securities	0	750,000
Prepaid expenses and other current assets	31,505	28,003
Deferred tax assets	52,156	0
Total current assets	1,009,737	1,763,932
Property and equipment, net	448	814
Deferred income taxes	0	52,156
Investment in affiliated company	34,403	107,861
Total assets	1,044,588	1,924,763
Current liabilities:
Accounts payable	24,434	8,868
Accrued expenses and other	281,245	219,344
Total current liabilities	305,679	228,212
Total liabilities	305,679	228,212
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.00001 par value; 5,000,000 shares authorized: none outstanding	0	0
Common stock, $0.00001 par value: 600,000,000 shares authorized: 438,242,618 shares issued and 401,392,948 shares outstanding at February 29, 2020 and May 31, 2019	4,382	4,382
Additional paid-in capital	77,444,062	77,444,062
Accumulated deficit	(62,083,667)	(61,126,025)
Common stock held in treasury, at cost - 36,849,670 shares at February 29, 2020 and May 31, 2019	(14,625,868)	(14,625,868)
Total stockholders' equity	738,909	1,696,551
Total liabilities and stockholders' equity	$ 1,044,588	$ 1,924,763

Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents - USD ($)	Feb. 29, 2020	May 31, 2019	Feb. 28, 2019	May 31, 2018
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents at end of period
Cash and Cash Equivalents	$ 748,829	$ 787,086	$ 1,766,161
Restricted Cash and cash equivalents	177,247	198,843	198,887
Total cash, cash equivalents and restricted cash	$ 926,076	$ 985,929	$ 1,965,048	$ 2,319,449

1. Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Feb. 29, 2020
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation The unaudited condensed consolidated financial statements include the accounts of Patriot Scientific Corporation and those of our inactive subsidiary, Patriot Data Solutions Group, Inc. (“PDSG”) which includes Crossflo Systems, Inc. (“Crossflo”). All intercompany accounts and transactions among the consolidated entities have been eliminated in the unaudited condensed consolidated financial statements.
Liquidity and Management's Plans	Liquidity and Management’s Plans The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. At February 29, 2020, the Company has an accumulated deficit of $62,083,667, and has incurred recurring losses and used significant amounts of cash in its operations. As of February 29, 2020, the Company had cash and cash equivalents of approximately $749,000 and working capital of approximately $704,000. Historically, we have been a licensing company and have entered into a number of agreements in our pursuit of unlicensed users of our intellectual property. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the US 5,809,336 patent (the “‘336 patent”) against multiple defendants (see Note 6). As result of this adverse decision, we have halted all licensing efforts as we evaluate the future direction of the Company and a potential new line of business. Currently, we do not have any potential sources of revenue and our joint venture, Phoenix Digital Solutions, LLC (“PDS”) has not generated significant license revenues since September 2013. In addition, there are a number of uncertainties associated with our financial projections that could increase or expedite our projected expenses, which could negatively impact our cash on hand. Additionally, we do not expect to generate any revenue over the foreseeable future and we will be required to seek additional financing to continue our operations. We will also require additional financing to develop or acquire new lines of business. We have no current arrangements with respect to any additional financing. Consequently, there can be no assurance that any additional financing on commercially reasonable terms, or at all, will be available when needed. Further, any additional equity financing, if secured, may involve substantial dilution to our then existing stockholders. One opportunity we are evaluating is the potential of establishing a company that develops a data capturing platform that could be implemented throughout the drug development process utilizing blockchain technologies in collaboration with Artius Bioconsulting LLC (“Artius”), under an agreement signed on April 12, 2019. During the quarter ended November 30, 2019, Artius completed and submitted their feasibility report to us and we are currently evaluating next steps. However, there are no assurances that we will be successful in developing this blockchain based business. Further, in the event the next steps in the development of a blockchain-based business are undertaken, it is expected that significant additional funding from external sources will be required. If we are unable to develop or acquire new lines of business, such as those involving blockchain technologies, and/or we are unable to raise additional capital, we will be forced to liquidate the Company in a dissolution under Delaware law or seek protection under the provisions of the U.S. Bankruptcy Code. We currently anticipate, based on current operations, that our cash on hand will not satisfy our operational and capital requirements through twelve months from the date of filing on this Form 10-Q. The above matters raise substantial doubt regarding our ability to continue as a going concern.
Investment in Affiliated Companies	Investment in Affiliated Companies We have a 50% interest in PDS. We account for our investment using the equity method of accounting since the investment provides us the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of the investee of between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method of accounting is appropriate. Under the equity method of accounting, the investment, originally recorded at cost, is adjusted to recognize our share of net earnings or losses of the investee and is recognized in the condensed consolidated statements of operations in the caption “Equity in loss of affiliated company” and also is adjusted by contributions to and distributions from PDS. PDS, as an unconsolidated equity investee, recognizes revenue from technology license agreements at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), performance obligations under the license agreement are satisfied, and the realization of revenue is assured which is generally upon the receipt of the license proceeds. PDS may at times enter into license agreements whereby contingent revenues are recognized as one or more contractual milestones are met. We review our investment in PDS to determine whether events or changes in circumstances indicate that the carrying amount may not be recoverable. The primary factors we consider in our determination are the financial condition, operating performance and near term prospects of PDS. If the decline in value is deemed to be other than temporary, we would recognize an impairment loss. We own 100% of the preferred stock of Holocom (see Note 3). Prior to impairment, this investment was accounted for at cost since we do not have the ability to exercise significant influence over the operating and financial policies of Holocom.
Income (Loss) Per Share	Income (Loss) Per Share Basic income (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. At February 29, 2020 and February 28, 2019, potential common shares of 1,000,000 and 1,600,000, respectively, underlying our outstanding stock options were excluded from the calculation of diluted loss per common share as the impact is anti-dilutive during periods of net loss. As such, there was no difference between basic and diluted loss per common share amounts for the three and nine months ended February 29, 2020 and February 28, 2019. Had we reported net income for the three and nine months ended February 29, 2020 and February 28, 2019, no shares of common stock would have been included in the calculation of diluted income per share using the treasury stock method. In connection with our acquisition of Crossflo, which became a part of PDSG, we issued 2,844,630 escrow shares that are contingent upon certain representations and warranties made by Crossflo at the time of the merger agreement (see Note 6). We exclude these escrow shares from the basic loss per common share calculations and would have included the escrowed shares in the diluted income per common share calculations if we reported net income.
Income Taxes	Income Taxes We follow authoritative guidance in accounting for uncertainties in income taxes. This authoritative guidance prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, we may only recognize tax positions that meet a “more likely than not” threshold. We follow authoritative guidance to evaluate whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. In making such judgments, significant weight is given to evidence that can be objectively verified. We assess our deferred tax assets annually under more likely than not scenarios in which they may be realized through future income. With the exception for refundable alternative minimum tax (“AMT”) credits, we have determined that it was more likely than not that all of our deferred tax assets will not be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination, and with the exception for the aforementioned refundable tax credits, we have recorded a full valuation allowance against our deferred tax assets. On December 22, 2017, the United States Government passed the Tax Cuts and Jobs Act (“Tax Cuts Act”) that, among other provisions, has lowered the corporate tax rate from 35% to 21%. In addition to applying the new lower corporate tax rate in 2018 and thereafter to any taxable income we may have, the legislation affects the way we can use and carryforward net operating losses previously accumulated and results in a revaluation of deferred tax assets and liabilities recorded on our condensed consolidated balance sheet. The Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) which provides guidance regarding accounting for the income tax effects of the Tax Cuts Act, including the impact of the Tax Cuts Act on deferred tax assets and liabilities for financial statements issued in the reporting period that includes the enactment date of December 22, 2017. Given that our current deferred tax assets, with the exception of those representing certain refundable tax credits, are offset by a full valuation allowance, these changes had no net impact on our condensed consolidated balance sheet as of May 31, 2019 and February 29, 2020. However, if we become profitable, we will receive a reduced benefit from such deferred tax assets.
Assessment of Contingent Liabilities	Assessment of Contingent Liabilities We are involved in various legal matters, disputes, and patent infringement claims which arise in the ordinary course of our business. We accrue for any estimated losses at the time when we can make a reliable estimate of such loss and it is probable that it has been incurred. By their very nature, contingencies are difficult to estimate. We continually evaluate information related to all contingencies to determine that the basis on which we have recorded our estimated exposure is appropriate.
Intellectual Property Rights	Intellectual Property Rights PDS, our investment in affiliated company, has historically relied on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. We have seven U.S., nine European, and three Japanese patents all of which expired between August 2009 and October 2016. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration dates. On November 4, 2019, we announced that the Supreme Court of the United States denied our petition for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants. Based on this adverse decision, PDS has halted all licensing efforts as we evaluate the future direction of the Company.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, as amended ("ASC 842"), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. ASC 842 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. The Company adopted ASC 842 effective June 1, 2019 using a modified retrospective method and will not restate comparative periods. As permitted under the transition guidance, the Company will carry forward the assessment of whether its contracts contain or are leases, classification of its leases and remaining lease terms. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements. We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and less than twelve months. Short term leases are not recorded on the balance sheet and expense on short-term leases are recognized on a straight-line basis over the lease term. The Company elected the “practical expedient package” as permitted under ASC 842. Therefore, the Company has not reassessed whether any expired or existing contracts are, or contain, leases; the Company has not reassessed the lease classification for any expired or existing leases; and the company has not reassessed initial direct costs for any expired or existing leases. The Company currently leases office space on a month-to-month basis. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”), which removes, modifies, and adds various disclosure requirements on fair value measurements in Topic 820. ASU 2018-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company does not expect a significant impact from adopting this update on its consolidated financial statements.

2. Cash, Cash Equivalents, Restricted Cash (Details - Maturities) - USD ($)	Feb. 29, 2020	May 31, 2019
Investments owned at cost		$ 1,250,000
Gross Unrealized Gains/(Losses)		0
Total fair value of investment		1,250,000
Due in three months or less [Member]
Investments owned at cost	$ 0	500,000
Gross Unrealized Gains/(Losses)	0	0
Total fair value of investment	$ 0	500,000
Due in greater than three months [Member]
Investments owned at cost		750,000
Gross Unrealized Gains/(Losses)		0
Total fair value of investment		$ 750,000

5. Stockholders' Equity (Details - Option activity) - Options [Member]	9 Months Ended
	Feb. 29, 2020 USD ($) $ / shares shares
Number of Options
Number of Options Outstanding, Beginning \| shares	1,600,000
Number of Options Granted \| shares	0
Number of Options Exercised \| shares	0
Number of Options Forfeited/Expired \| shares	(600,000)
Number of Options Outstanding, Ending \| shares	1,000,000
Options vested and expected to vest, Ending \| shares	1,000,000
Number of Options Exercisable, Ending \| shares	1,000,000
Weighted Average Exercise Price
Weighted Average Exercise Price Outstanding, Beginning \| $ / shares	$ 0.03
Weighted Average Exercise Price Granted \| $ / shares
Weighted Average Exercise Price Exercised \| $ / shares
Weighted Average Exercise Price Forfeited/Expired \| $ / shares
Weighted Average Exercise Price Outstanding, Ending \| $ / shares	0.03
Weighted Average Exercise Price, Options vested and expected to vest, Ending \| $ / shares	0.03
Weighted Average Exercise Price Exercisable \| $ / shares	$ 0.03
Weighted Average Remaining Contractual Life
Weighted Average Remaining Contractual Life (in years) Outstanding	2 months 5 days
Weighted Average Remaining Contractual Life (in years) Options vested and expected to vest	2 months 5 days
Weighted Average Remaining Contractual Life (in years) Exercisable	2 months 5 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value Outstanding, Beginning \| $	$ 0
Aggregate Intrinsic Value Outstanding, Ending \| $	0
Aggregate Intrinsic Value Options vested and expected to vest \| $	0
Aggregate Intrinsic Value Exercisable \| $	$ 0

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Feb. 29, 2020	Apr. 08, 2020
Cover [Abstract]
Entity Registrant Name	PATRIOT SCIENTIFIC CORP
Entity Central Index Key	0000836564
Document Type	10-Q
Document Period End Date	Feb. 29, 2020
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		401,392,948
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Small Business	true
Entity Emerging Growth	false
Entity file number	000-22182
Entity state of incorporation	DE
Interactive Data Current	Yes
Entity Shell Company	false

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
Operating activities:
Net loss	$ (957,642)	$ (549,118)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	366	366
Equity in loss of affiliated company	73,458	63,411
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(3,502)	(18,467)
Income taxes payable	0	1,600
Accounts payable, accrued expenses and other	77,467	(29,439)
Net cash used in operating activities	(809,853)	(531,647)
Investing activities:
Proceeds from sales of marketable securities	1,000,000	0
Purchases of marketable securities	(250,000)	0
Crossflo acquisition liability	0	177,246
Net cash provided by investing activities	750,000	177,246
Net decrease in cash, cash equivalents and restricted cash and cash equivalents	(59,853)	(354,401)
Cash, cash equivalents and restricted cash and cash equivalents, beginning of period	985,929	2,319,449
Cash, cash equivalents and restricted cash and cash equivalents, end of period	926,076	1,965,048
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	$ 1,600	$ 0

6. Commitments and Contingencies (Details Narrative) - USD ($)	Feb. 29, 2020	May 31, 2019
Accrued expenses and other	$ 281,245	$ 219,344
Mr. Flowers Separation Agreement [Member]
Accrued expenses and other	$ 97,765