Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Revenues $ 0 $ 0 $ 0 $ 0
Operating Expenses        
Research and development 814,002 808,177 1,738,842 2,409,183
Administrative 127,616 796,624 580,031 4,395,245
Professional fees 178,588 122,962 724,626 536,716
Depreciation and amortization 255 255 765 765
Operating loss (1,120,461) (1,728,018) (3,044,264) (7,341,909)
Other income (expense)        
Interest income 1 1 2 2
Interest expense (141,400) (111,873) (406,207) (313,345)
Loss before income taxes (1,261,860) (1,839,890) (3,450,469) (7,655,252)
Provision for income taxes 0 0 0 0
Net loss $ (1,261,860) $ (1,839,890) $ (3,450,469) $ (7,655,252)
Weighted average number of common shares outstanding - basic and diluted 28,767,582 28,767,582 28,767,582 28,767,582
Loss per common share - basic and diluted $ (0.04) $ (0.06) $ (0.12) $ (0.27)