Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.20.2
SUBSEQUENT EVENTS
 6 Months Ended
May 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
22. SUBSEQUENT EVENTS
   
  Based on the recent appreciation in the Company’s stock price, provisions allowing for early termination of two issuances of outstanding warrants issued in connection with the Company’s 2017 financings were triggered on May 29, 2020 and June 1, 2020, respectively. On June 3, 2020, the Company notified holders of 572,354 warrants exercisable at $0.15 that it is exercising its early termination right and that the respective warrants will expire July 3, 2020. On June 8, 2020, the Company notified holders of 17,773,881 warrants exercisable at $0.18 that it is exercising its early termination right and that the respective warrants will expire on August 31, 2020. As of July 17, 2020, warrant holders have exercised 9,145,153 warrants for 9,145,153 shares of common stock resulting in proceeds of approximately $1.7 million.