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Summarizes option activity (Tables)
6 Months Ended
Nov. 30, 2013
Summarizes option activity  
Summarizes option activity

The following table summarizes option activity under the 1994 Stock Option Plan and 2011 Plan:

 

 

 

 

Weighted

 

Weighted-

 

 

 

 

 

Average

 

Average

 

 

 

Number of

 

Exercise Price

 

Remaining

 

Aggregate

 

Options

 

Per Share

 

Life (in years)

 

Intrinsic Value

 

 

 

 

 

 

 

 

Outstanding options at May 31, 2012

10,000

$

2.40

 

9.02

$

-

Granted

-

 

-

 

-

 

-

Exercised

-

 

-

 

-

 

-

Forfeited or expired

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Outstanding options at May 31, 2013

10,000

 

2.40

 

8.02

 

-

Granted

-

 

-

 

-

 

-

Exercised

-

 

-

 

-

 

-

Forfeited or expired

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Outstanding options at November 30, 2013

10,000

$

2.40

 

7.52

$

-

 

 

 

 

 

 

 

 

Exercisable at November 30, 2013

8,056

$

2.40

 

7.52

$

-