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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Nov. 30, 2024
May 31, 2024
CURRENT ASSETS:    
Cash $ 5,213,897 $ 3,253,876
Accounts receivable, net 1,444,218 509,835
Inventory, net 2,664,489 3,394,023
Prepaid expenses and other current assets 724,778 809,126
Total Current Assets 10,047,382 7,966,860
OTHER ASSETS:    
Property and equipment, net 305,433 260,948
Intangible assets, net 324,907 309,104
Right of use asset 737,251 36,752
Deferred tax asset 121,791 231,587
Other assets 20,720 16,895
Goodwill 2,152,215 2,152,215
Total Other Assets 3,662,317 3,007,501
TOTAL ASSETS 13,709,699 10,974,361
CURRENT LIABILITIES:    
Accounts payable 1,619,252 967,596
Customer deposits 496,404 154,762
Contract liabilities, current 956,022 905,311
Notes payable 143,342 146,594
Due to related party 178,520 11,798
Lease liability, current 207,077 36,752
Income tax liability 67,250 242,296
Other current liabilities 331,395 332,936
Total Current Liabilities 3,999,262 2,798,045
LONG TERM LIABILITIES:    
Lease liability 531,081
Contract liabilities 357,205 480,530
Total Long Term Liabilities 888,286 480,530
Total Liabilities 4,887,548 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 November 30, 2024 and May 31, 2024, respectively 3,113 4,225
Common stock, $0.0001 par value: 450,000,000 shares authorized; 6,466,852 and 5,908,939 shares issued, issuable and outstanding as of November 30, 2024 and May 31, 2024, respectively 647 591
Additional paid-in capital 8,428,760 7,825,240
Retained earnings/(Accumulated deficit) 389,631 (134,270)
Total Stockholders' Equity 8,822,151 7,695,786
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,709,699 $ 10,974,361