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Subsequent Events
9 Months Ended
Feb. 28, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 13 – Subsequent Events

 

Subsequent to the nine months period ended February 28, 2021, the Company applied for the forgiveness of the first tranche of the loan, in the amount of $12,900, granted to them under the U.S. Small Business Administration pursuant to the Paycheck Protection Program (the “PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The commercial bank received the proceeds from the U.S. Small Business Administration to repay the loan amount in full and the Company’s obligation to repay was reduced to $0.