XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.25.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
May 31, 2025
Accounting Policies [Abstract] |
SCHEDULE OF NET INVENTORIES | The following is a summary of approximate net inventories: SCHEDULE OF NET INVENTORIES
|  | 2025 |  |  | 2024 |
|  | May 31, |
|  | 2025 |  |  | 2024 |
Raw materials |  | $ | 1,071,000 |  |  | $ | 1,519,000 |
Work in progress |  |  | 743,000 |  |  |  | 1,145,000 |
Finished products |  |  | 147,000 |  |  |  | 179,000 |
Total gross inventory |  | $ | 1,961,000 |  |  | $ | 2,843,000 |
Inventory reserve |  |  | (471,000 | ) |  |  | (467,000 | )
Inventories, net |  | $ | 1,490,000 |  |  | $ | 2,376,000 |
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS | In applying the Black-Scholes option-pricing model, the following assumptions used in the valuation of awards issued for years ended May 31, 2025 and 2024: SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
|  | For the year ended May 31, |
|  | 2025 |  |  | 2024 |
Dividend yield |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 105.90 - 117.41 | % |  |  | 100.54 - 111.98 | %
Risk free interest rate |  |  | 3.68 - 4.52 | % |  |  | 4.00 - 4.59 | %
Expected term |  |  | 4.69 - 6.25 years |  |  |  | 4.69 - 6.25 years |
SCHEDULE OF DISAGGREGATION REVENUE | The following is a breakdown of revenues according to markets to which the products are sold: SCHEDULE OF DISAGGREGATION REVENUE
|  | 2025 |  |  | 2024 |
|  | For Year Ended May 31, |
|  | 2025 |  |  | 2024 |
Clinical lab |  | $ | 3,181,000 |  |  | $ | 3,236,000 |
Over-the-counter |  |  | 1,049,000 |  |  |  | 1,426,000 |
Contract manufacturing |  |  | 1,070,000 |  |  |  | 741,000 |
Physician’s office |  |  | 11,000 |  |  |  | 12,000 |
Total |  | $ | 5,311,000 |  |  | $ | 5,415,000 |
SCHEDULE OF SEGMENT REPORTING | The Company’s reportable segment product sales, net and net income (loss) for the years ended May 31, 2025 and 2024 consisted of the following : SCHEDULE OF SEGMENT REPORTING
|  | 2025 |  |  | 2024 |
|  | For the Year Ended May 31, |
|  | 2025 |  |  | 2024 |
Net sales |  | $ | 5,311,000 |  |  | $ | 5,415,000 |
Cost of sales |  |  | (4,813,000 | ) |  |  | (4,804,000 | )
Gross profit |  |  | 498,000 |  |  |  | 611,000 |
Operating expenses: |  |  |  |  |  |  |  |
Sales and marketing expense |  |  | 1,628,000 |  |  |  | 2,339,000 |
General and administrative expense |  |  | 2,984,000 |  |  |  | 3,148,000 |
Research and development expense |  |  | 1,023,000 |  |  |  | 1,491,000 |
Total operating expense |  |  | 5,635,000 |  |  |  | 6,978,000 |
Loss from operations |  |  | (5,137,000 | ) |  |  | (6,367,000 | )
Other income: |  |  |  |  |  |  |  |
Dividend and interest income |  |  | 165,000 |  |  |  | 431,000 |
Total other income |  |  | 165,000 |  |  |  | 431,000 |
Loss before income taxes |  |  | (4,972,000 | ) |  |  | (5,936,000 | )
Provision for income taxes |  |  | (1,000 | ) |  |  | (42,000 | )
Net loss |  | $ | (4,973,000 | ) |  | $ | (5,978,000 | )

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration