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Concentrations
 6 Months Ended
Nov. 30, 2025
Risks and Uncertainties [Abstract]  
Concentrations

Note 12 – Concentrations

 

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of trade accounts receivable and cash deposits, investments and cash equivalents instruments. The Company maintains its cash in bank deposits accounts. The Company’s account at this institution is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. As of November 30, 2025 and May 31, 2025, the Company held cash of $4,225,968 and $4,019,854, respectively, in excess of federally insured limits. The Company has not experienced any losses in such accounts through November 30, 2025.

 

Concentration of Revenue, Accounts Receivable, and Supplier

 

During the three months ended November 30, 2025, there was one customer representing 18% of consolidated net sales. There was no single customer that accounted for greater than 10% of consolidated net sales for the three months ended November 30, 2024. During the six months ended November 30, 2025, there was one customer representing 23% of consolidated net sales. There was no single customer that accounted for greater than 10% of consolidated net sales for the six months ended November 30, 2024.

 

During the three months ended November 30, 2025, approximately 96% of our consolidated net sales were to customers located in the United States. During the three months ended November 30, 2024, approximately 90% of our consolidated net sales were to customers located in the United States. During the six months ended November 30, 2025, approximately 96% of our consolidated net sales were to customers located in the United States. During the six months ended November 30, 2024, approximately 91% of our consolidated net sales were to customers located in the United States. All Company assets are located in the United States.

 

As of November 30, 2025, gross accounts receivable from customers that accounted for more than 10% of consolidated gross accounts receivables were from one customer amounting to 31%. As of May 31, 2025, gross accounts receivable from customers that accounted for more than 10% of consolidated gross accounts receivables were from two customers amounting to 22% consisting of 11% each.

 

Manufacturing is outsourced primarily overseas via a number of third-party vendors. The largest vendor accounted for 81% of all purchases for the three months ended November 30, 2025. For the three months ended November 30, 2024, the two largest manufacturing vendors accounted for 73% and 16%, respectively, of all purchases. For the six months ended November 30, 2025, the two largest vendors accounted for 82% and 10%, respectively, of all purchases. For the six months ended November 30, 2024, the two largest vendors accounted for 62% and 26%, respectively, of all purchases.