v3.25.2
Note 13 - Income Taxes and Deferred Income Taxes (Tables)
12 Months Ended
May 31, 2025
Notes Tables  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
  

For the year ended May 31,

 
  

2025

  

2024

  

2023

 

United States

 $(1,648,187) $(126,735) $(506,984)

Canada

  (277,811)  (106,822)  (912,717)

Other countries

  (376,375)  (15,463)  (30,480)
  $(2,302,373) $(249,020) $(1,450,181)
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

For the year ended May 31,

 
  

2025

  

2024

  

2023

 

Current:

            

United States

 $1,974  $497  $226 

Canada

  177   10,819   26,290 

Other countries

  2,343   940   (62)
  $4,494  $12,256  $26,454 
             

Deferred:

            

United States

 $(10,015) $(723) $(4,055)

Canada

  (7,435)  (33,422)  (24,364)

Other countries

  (108,061)  (4,727)  (5,216)
  $(125,511) $(38,872) $(33,635)

Income tax benefits, net

 $(121,017) $(26,616) $(7,181)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

For the year ended May 31,

 
  

2025

  

2024

  

2023

 

Loss before net income taxes:

 $(2,302,373) $(249,020) $(1,450,181)

Income tax recovery at statutory rate

  (483,708)  (51,325)  (304,538)

Tax impact of foreign operations

  (41,680)  (5,661)  (25,857)

Foreign exchange and other

  (14,371)  (15,586)  7,062 

Non-deductible expenses

  6,292   6,147   3,982 

Non-deductible (taxable) losses

  32   (682)   

Changes in enacted rates

  (3,908)  2,394   (816)

Nondeductible Impairment

  285,582      23,150 

Change in fair value of warrant liability

  (454)  302   (2,612)

Return to provision and other prior year items

  (33,098)  16,933   6,486 

State Provision, net of federal benefit

  (14,794)  612   (114)

Change in valuation allowance

  179,090   20,250   285,698 

Impact on convertible debenture and other differences

        378 

Income tax recovery, net

 $(121,017) $(26,616) $(7,181)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

May 31,

 
  

2025

  

2024

 

Deferred assets

        

Operating loss carryforwards - United States

 $66,048  $104,377 

Operating loss carryforwards - Canada

  408,718   366,720 

Operating loss carryforwards - Other Countries

  13,388   18,518 

Capital loss carryforwards

  35,603   34,355 

Intangible assets

  350,527   229,953 

Property and equipment

  27,567   34,578 

Investments and convertible notes receivable

  43,317   45,685 

Investment tax credits and related pool balance

  2,249   23,132 

Other

  63,850   46,151 

Total Deferred tax assets

  1,011,267   903,469 

Less valuation allowance

  (968,929)  (789,839)

Net deferred tax assets

  42,338   113,630 

Deferred tax liabilities

        

Property and equipment

  (20,419)  (18,814)

Intangible assets

  (1,418)  (218,020)

Convertible Debentures Payable

  (129)  (2,229)

Other Deferred Items

  (24,120)  (5,437)

Total deferred tax liabilities

  (46,086)  (244,500)

Net deferred tax liability

 $(3,748) $(130,870)