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Summarizes option activity under the 2011 Stock Option Plan (Details)
Number of Options
Weighted Average Exercise Price Per Share
Weighted-Average Remaining Life (in years)
Aggregate Intrinsic Value
Outstanding options at May. 31, 2013 10,000 2.40 8.02 0
Granted 124,500 1.84 10.00 0
Exercised 0 0.00 0.00 0
Forfeited or expired (5,000) 1.11 0.00 0
Outstanding options at May. 31, 2014 129,500 1.88 9.74 20,825
Granted 0 0.00 0.00 0
Exercised 0 0.00 0.00 0
Forfeited or expired 0 0.00 0.00 0
Exercisable at Aug. 31, 2014 26,112 1.98 9.04 3,267
Outstanding options at Aug. 31, 2014 129,500 1.88 9.49 19,600