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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Aug. 31, 2024
May 31, 2024
CURRENT ASSETS:    
Cash $ 4,148,724 $ 3,253,876
Accounts receivable, net 599,150 509,835
Inventory, net 3,273,419 3,394,023
Prepaid expenses and other current assets 322,168 809,126
Total Current Assets 8,343,461 7,966,860
OTHER ASSETS:    
Property and equipment, net 251,055 260,948
Intangible assets, net 347,942 309,104
Right of use asset 18,284 36,752
Deferred tax asset 231,587 231,587
Other assets 12,195 16,895
Goodwill 2,152,215 2,152,215
Total Other Assets 3,013,278 3,007,501
TOTAL ASSETS 11,356,739 10,974,361
CURRENT LIABILITIES:    
Accounts payable 1,373,106 967,596
Customer deposits 74,053 154,762
Contract liabilities- current 938,498 905,311
Notes payable 144,257 146,594
Due to related party 53,505 11,798
Lease liability, current 18,650 36,752
Income tax liability 242,296 242,296
Other current liabilities 229,848 332,936
Total Current Liabilities 3,074,213 2,798,045
LONG TERM LIABILITIES:    
Contract liabilities- long term 398,681 480,530
Total Long Term Liabilities 398,681 480,530
Total Liabilities 3,472,894 3,278,575
Commitments and contingencies (see Note 10)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 300,000,000 shares authorized; 31,133,500 and 42,251,750 shares issued and outstanding as of August 31, 2024 and May 31, 2024, respectively 3,113 4,225
Common stock, $0.0001 par value: 450,000,000 shares authorized; 6,464,852 and 5,908,939 shares issued, issuable and outstanding as of August 31, 2024 and May 31, 2024, respectively 647 591
Additional paid-in capital 8,124,160 7,825,240
Accumulated deficit (244,075) (134,270)
Total Stockholders' Equity 7,883,845 7,695,786
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,356,739 $ 10,974,361