XML 30 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
14. SUBSEQUENT EVENT
3 Months Ended
Aug. 31, 2016
Subsequent Events [Abstract]  
14. SUBSEQUENT EVENT

14. SUBSEQUENT EVENT:

 

     On September 28, 2016, the Company sold 2,721,540 shares of its common stock in a private placement transaction with certain institutional and accredited investors. The purchase price per share of the common stock sold in the private placement was $2.15, resulting in gross proceeds to the Company of $5,851,000, before offering expenses. The net proceeds after offering expenses were $5,389,000.