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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Aug. 31, 2023
May 31, 2023
CURRENT ASSETS:    
Cash $ 5,061,723 $ 4,832,682
Accounts receivable, net 455,886 417,016
Inventory, net 2,069,968 1,311,864
Prepaid expenses and other current assets 485,609 801,360
Total Current Assets 8,073,186 7,362,922
OTHER ASSETS:    
Property and equipment, net 199,561 157,463
Intangible assets, net 363,299 382,674
Right of use asset 86,111 101,845
Other assets 12,194 12,195
Goodwill 2,152,215 2,152,215
Total Other Assets 2,813,380 2,806,392
TOTAL ASSETS 10,886,566 10,169,314
CURRENT LIABILITIES:    
Accounts payable 1,077,005 908,606
Customer deposits 92,817 183,688
Equipment payable, current 1,375 2,200
Contract liabilities, current 909,883 827,106
Notes payable 155,334 172,588
Due to related party 58,980 158,072
Lease Liability, current 68,558 65,824
Income Tax Liability 296,902 230,913
Other current liabilities 768,185 305,664
Total Current Liabilities 3,429,039 2,854,661
LONG TERM LIABILITIES:    
Lease liability, long term 18,650 36,752
Contract liabilities, long term 561,359 605,942
Total Long Term Liabilities 580,009 642,694
Total Liabilities 4,009,048 3,497,355
Commitments and contingencies (see Note 11)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 300,000,000 shares authorized; 250,000,000 shares issued and outstanding as of August 31, 2023 and May 31, 2023 25,000 25,000
Common stock, $0.0001 par value: 450,000,000 shares authorized; 117,076,949 shares issued, and outstanding as of August 31, 2023 and May 31, 2023 11,708 11,708
Additional paid-in capital 10,153,350 10,102,243
Accumulated deficit (3,312,540) (3,466,992)
Total Stockholders’ Equity 6,877,518 6,671,959
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,886,566 $ 10,169,314