Shares

Weighted Average Exercise Price

Intrinsic Value

Outstanding - May 31, 2023

333,000

$12.70 

$2,016,961 

    Options granted

85,000

$34.04 

    Less: options exercised

76,750

$12.54 

    Less: options expired

750

- 

Outstanding - May 31, 2024

340,500

$18.07 

$11,185,815 

    Options granted

89,800

$37.24 

    Less: options exercised

31,000

$11.51 

    Less: options expired

-

- 

Outstanding - May 31, 2025

399,300

$22.89 

$6,341,305