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SHAREHOLDERS' EQUITY
9 Months Ended
Feb. 28, 2023
Stockholders' Equity Note [Abstract]  
Equity [Text Block]

NOTE 3:  SHAREHOLDERS’ EQUITY

 

Stock option expense during the nine months ended February 28, 2023 and 2022 was approximately $1,006,000 and $959,000, respectively.

During the nine months ended February 28, 2023, the Company sold 573,889 shares of its common stock at prices ranging from $3.15 to $4.26 under its Form S-3 Registration Statement and ATM Offering which resulted in gross proceeds of approximately $2,014,000 and net proceeds to the Company of approximately $1,961,000 after deducting commissions for each sale and legal, accounting, and other fees related to the ATM Offering.