2. Accounts and Other Receivables |
12 Months Ended | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 31, 2025 | |||||||||||||||||||||||||
| Notes | |||||||||||||||||||||||||
| 2. Accounts and Other Receivables: | 2. Accounts and Other Receivables:
Retention receivable from customers represents amounts invoiced to customers where payments have been partially withheld pending completion of the project. The Company increased its allowance for estimated credit losses due to the uncertainty of collecting a $751,000 balance overdue on a structural project. The Company is in discussion with the customer regarding payment of this balance.
All other amounts are expected to be collected within the next fiscal year. |