Revenues |
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May 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenues | 10. Revenues
A breakdown of our revenues by type for the nine months ended May 31, 2025, and May 31, 2024, are as follows:
The Company recognized $522,000 and $373,990 in licensing revenue for the nine months ended May 31, 2025, and May 31, 2024, respectively. Licensing revenue consists of IP licensing fees for transfer of the DehydraTECH technology in line with definitive agreements and includes non-refundable minimum performance fees. During the nine-month period ended May 31, 2025, and May 31, 2024, the Company recognized B2B product revenues of $9,923 and $5,388, respectively, that relate to sales of our intermediate products for use by B2B customers in their products. |
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