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Related Party Transactions
 6 Months Ended
Nov. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 – Related Party Transactions

 

The Company’s Chairman and Chief Executive Officer, Jeff Toghraie, is the managing director of Intrepid Global Advisors (“Intrepid”). Intrepid has, from time to time, provided advances to the Company for working capital purposes and is paid consulting fees throughout the year. The Company recorded and paid approximately $50,000 and $102,000 in consulting fees for the three months ended November 30, 2025 and November 30, 2024, respectively, and $116,100 and $127,000 for the six months ended November 30, 2025 and November 30, 2024, respectively, related to consulting services provided by Intrepid. As of November 30, 2025, the Company had a payable to Intrepid of $147,550 for advances provided by Intrepid and as of May 31, 2025, an amount receivable from Intrepid of $222 related to an overpayment of advances made by Intrepid. During the six months ended November 30, 2025, advances from Intrepid were $3,219,072 and repayments to Intrepid were $3,071,300. During the six months ended November 30, 2024, advances from Intrepid were $4,032,152 and repayments to Intrepid were $3,865,430. Advances made from Intrepid are short-term in nature and non-interest bearing.

 

The Company’s Board Member, Chief Financial Officer, and Chief Operating Officer is the co-owner, Chairman and Chief Financial Officer of, and has a controlling interest in BZ Capital Strategies. The Company recorded and paid consulting fees to BZ Capital Strategies totaling $50,000 for each of the three months ended November 30, 2025 and November 30, 2024, and $90,000 and $75,000 for the six months ended November 20, 2025 and November 30, 2024, respectively.