| Stockholders' Equity |
Common Stock
| For the period ended May 31, 2020 |
|
Number of shares |
|
|
Amount |
|
| Balance, February 29, 2020 |
|
|
39,910,774 |
|
|
$ |
3,992 |
|
| Issuance of shares upon settlement of restricted stock units |
|
|
6,131 |
|
|
|
1 |
|
| Balance, May 31, 2020 |
|
|
39,916,905 |
|
|
$ |
3,993 |
|
| For the period ended May 31, 2019 |
|
Number of shares |
|
|
Amount |
|
|
Balance, February
29, 2019
|
|
|
33,805,706 |
|
|
$ |
3,381 |
|
| Issuance of shares for
cash |
|
|
600,000 |
|
|
|
60 |
|
| Issuance of shares upon
settlement of legal matter |
|
|
150,000 |
|
|
|
15 |
|
| Issuance of shares upon conversion of Convertible notes |
|
|
319,326 |
|
|
|
32 |
|
| Balance, May 31, 2019 |
|
|
34,875,032 |
|
|
$ |
3,488 |
|
During the three months ended May 31, 2020,
the Company recorded the following common stock transactions:
| (i) |
The Company issued 6,131 shares of the common stock to settle restricted stock units that vested in the period. |
During the three months ended May 31, 2019,
the Company recorded the following common stock transactions:
| (i) |
On March 1, 2019, the Company sold 600,000 shares of its common stock at an offering price of $8.55 per share in a registered direct offering, for gross proceeds of $5,130,000; |
| (ii) |
On March 8, 2019 and March 11, 2019, the Company issued 150,000 shares of its common stock in settlement of a legal matter; |
| (iii) |
On April 9, 2019, the Company converted Convertible notes with a face value of $2,650,000 plus accrued interest of $80,241 at a conversion price of $8.55, into 319,326 common shares. |
|