Note 13 - Income Taxes and Deferred Income Taxes (Tables)
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12 Months Ended |
May 31, 2025 |
Notes Tables |
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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 | ) |
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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 | |
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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 | ) |
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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 | ) |
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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 | ) |
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