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SUBSEQUENT EVENTS
9 Months Ended
Feb. 28, 2015
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

H. SUBSEQUENT EVENTS

 

On April 2, 2015, the Short Term Note between the Company and EssigPR was amended to extend the due date by three months from April 10, 2015 to July 10, 2015. The Company awarded EssigPR 2,500 stock options to purchase common shares with an exercise price of $1.00 per share and a ten year life. Such options were fully vested upon execution of the amendment.

 

The Company has evaluated all events and transactions that occurred after the balance sheet and through the date that the financial statements were available to be issued.