XML 47 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Aug. 31, 2015
Accounting Policies [Abstract]  
Schedule of antidilutive securities excluded from computation of earnings per share
The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price could be less than the average market price of the common shares.

 

    Three Months ended
August 31,
 
    2015     2014  
             
Convertible notes     114,795       2,000,000  
Stock options     2,312,500       1,181,250  
Warrants     4,776,320       3,023,990  
                 
Potentially dilutive securities     7,203,615       6,205,240  
Schedule of inventory
Inventory consists of the following at August 31, 2015 and May 31, 2015.

 

    August 31,
2015
    May 31,
2015
 
      (unaudited)          
                 
Finished goods   $ 278,276     $ 147,605  
Work-in-process (unbilled labor and consulting)     65,228       9,100  
    $ 343,504     $ 156,705