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INCOME TAXES (Tables) | 12 Months Ended
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May 31, 2023
Income Tax Disclosure [Abstract] |
SCHEDULE OF PROVISION FOR INCOME TAXES | Provision for income taxes for the years ended May 31 consists of the following: SCHEDULE OF PROVISION FOR INCOME TAXES
|  | 2023 |  |  | 2022 |
|  | For the Year Ended May 31, |
|  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |
U.S. Federal |  | $ | - |  |  | $ | - |
Foreign Taxes Subsidiaries |  |  | (50,000 | ) |  |  | (23,000 | )
State and local |  |  | (1,000 | ) |  |  | (1,000 | )
Total current |  |  | (51,000 | ) |  |  | (24,000 | )
Deferred: |  |  |  |  |  |  |  |
U.S. Federal |  |  | - |  |  |  | - |
State and local |  |  | - |  |  |  | - |
Total deferred |  |  | - |  |  |  | - |
Income tax expense |  | $ | (51,000 | ) |  | $ | (24,000 | )
SCHEDULE OF EFFECTIVE INCOME TAX RECONCILIATION | SCHEDULE OF EFFECTIVE INCOME TAX RECONCILIATION
|  | 2023 |  |  | 2022 |
|  | For the Year Ended May 31, |
|  | 2023 |  |  | 2022 |
Computed “expected” tax benefit |  | $ | 1,490,000 |  |  |  | 947,000 |
Increase (reduction) in income taxes resulting from: |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | (1,973,000 | ) |  |  | (1,022,000 | )
State income taxes, net of federal benefit |  |  | 583,000 |  |  |  | 300,000 |
Research and development tax credits |  |  | - |  |  |  | 50,000 |
Permanent tax differences and other |  |  | (17,000 | ) |  |  | (197,000 | )
Stock based compensation benefit |  |  | (5,000 | ) |  |  | 11,000 |
Foreign taxes of subsidiaries |  |  | (129,000 | ) |  |  | (113,000 | )
Income tax expense |  | $ | (51,000 | ) |  | $ | (24,000 | )
SCHEDULE OF DEFERRED TAX ASSETS | The tax effect of significant temporary differences is presented below: SCHEDULE OF DEFERRED TAX ASSETS
|  | 2023 |  |  | 2022 |
|  | May 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accounts receivable, principally due to allowance for doubtful accounts |  | $ | 8,000 |  |  | $ | 43,000 |
Inventory valuation |  |  | 188,000 |  |  |  | 237,000 |
Compensated absences |  |  | 118,000 |  |  |  | 120,000 |
Net operating loss carryforwards |  |  | 5,817,000 |  |  |  | 4,349,000 |
Tax credit carryforwards |  |  | 1,239,000 |  |  |  | 1,096,000 |
Deferred rent expense/Capitalized leases |  |  | 11,000 |  |  |  | 20,000 |
Stock Options |  |  | 1,296,000 |  |  |  | 1,035,000 |
Sec 174 capitalized costs |  |  | 284,000 |  |  |  | - |
Losses of foreign subsidiaries & other, net |  |  | - |  |  |  | 41,000 |
Accumulated depreciation and amortization |  |  | (21,000 | ) |  |  | 26,000 |
Total deferred tax assets |  |  | 8,940,000 |  |  |  | 6,967,000 |
Less valuation allowance |  |  | (8,940,000 | ) |  |  | (6,967,000 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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