2. Significant Accounting Policies - Sales per Revenue Stream |
| |
Medinotec Inc Group Consolidated Years Ended |
| |
May 31, 2025
(Unaudited) $ | |
May 31, 2024 $ |
Outside of United States of America | |
| |
|
Internally Designed/Manufactured Sales | |
| 338,862 | | |
| 801,282 | |
Distribution Agreement Sales | |
| 1,645,101 | | |
| 314,823 | |
Sales Generated inside the United States of America | |
| | | |
| | |
Internally Designed/Manufactured Sales | |
| 150,063 | | |
| 135,773 | |
| |
| 2,134,026 | | |
| 1,251,878 | |
|
2. Significant Accounting Policies - Income/(loss) from operations by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Inside the United States | |
Outside the United States | |
Total |
| |
2025 | |
2024 | |
2025 | |
2024 | |
2025 | |
2024 |
Revenue | |
| 150,063 | | |
| 135,773 | | |
| 1,983,963 | | |
| 1,116,105 | | |
| 2,134,026 | | |
| 1,251,878 | |
Cost of goods sold | |
| (47,683 | ) | |
| (13,477 | ) | |
| (1,160,827 | ) | |
| (638,122 | ) | |
| (1,208,695 | ) | |
| (651,599 | ) |
Gross profit | |
| 102,195 | | |
| 122,296 | | |
| 823,136 | | |
| 477,983 | | |
| 925,331 | | |
| 600,279 | |
Selling expenses | |
| (5,355 | ) | |
| (11,939 | ) | |
| (16,418 | ) | |
| (9,069 | ) | |
| (21,773 | ) | |
| (21,008 | ) |
Depreciation expense | |
| — | | |
| — | | |
| (7,506 | ) | |
| (17,916 | ) | |
| (7,506 | ) | |
| (17,916 | ) |
General and administrative expenses | |
| (385,842 | ) | |
| (132,397 | ) | |
| (183,739 | ) | |
| (144,809 | ) | |
| (569,581 | ) | |
| (277,206 | ) |
Research and development expenses | |
| — | | |
| — | | |
| (49,014 | ) | |
| (14,981 | ) | |
| (49,014 | ) | |
| (14,981 | ) |
Income/(loss) from operations | |
| (289,002 | ) | |
| (22,040 | ) | |
| 566,459 | | |
| 291,208 | | |
| 277,457 | | |
| 269,168 | |
Other income/(expenditure) | |
| | | |
| | | |
| | | |
| | | |
| (163,673 | ) | |
| (181,964 | ) |
Net income/(loss) | |
| | | |
| | | |
| | | |
| | | |
| 113,784 | | |
| 87,204 | |
|
2. Significant Accounting Policies - Total Assets by Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Inside the United States | |
Outside the United States | |
Total |
| |
May 31 2025 | |
Feb 28 2025 | |
May 31 2025 | |
Feb 28 2025 | |
May 31 2025 | |
Feb 28 2025 |
Total assets | |
| 2,151,462 | | |
| 2,181,184 | | |
| 5,252,564 | | |
| 4,627,789 | | |
| 7,404,026 | | |
| 6,808,973 | |
|