v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2025
May 31, 2024
CURRENT ASSETS:    
Cash $ 4,769,854 $ 3,253,876
Accounts receivable, net 1,003,945 509,835
Inventory, net 2,533,658 3,394,023
Due from related party 222
Prepaid expenses and other current assets 947,969 809,126
Total Current Assets 9,255,648 7,966,860
OTHER ASSETS:    
Property and equipment, net 412,261 260,948
Intangible assets, net 403,591 309,104
Right of use asset 579,121 36,752
Deferred tax asset 46,239 231,587
Other assets 20,720 16,895
Goodwill 2,152,215 2,152,215
Total Other Assets 3,614,147 3,007,501
TOTAL ASSETS 12,869,795 10,974,361
CURRENT LIABILITIES:    
Accounts payable 866,573 967,596
Customer deposits 67,412 154,762
Contract liabilities- current 757,355 905,311
Note payable - current 3,574 146,594
Due to related party 11,798
Lease liability, current 212,543 36,752
Income tax liability 310,369 242,296
Other current liabilities 244,998 332,936
Total Current Liabilities 2,462,824 2,798,045
LONG TERM LIABILITIES:    
Lease liability, long term 404,669
Note payable, long term 136,655
Contract liabilities- long term 205,939 480,530
Total Long Term Liabilities 747,263 480,530
Total Liabilities 3,210,087 3,278,575
Commitments and contingencies (see Note 10)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 28,000,000 and 300,000,000 shares authorized as of May 31, 2025 and May 31, 2024, respectively; 27,773,500 and 42,251,750 shares issued and outstanding as of May 31, 2025 and May 31, 2024, respectively 2,777 4,225
Common stock, $0.0001 par value: 15,000,000 and 450,000,000 shares authorized as of May 31, 2025 and May 31, 2024, respectively; 6,657,717 and 5,908,939 shares issued and outstanding as of May 31, 2025 and May 31, 2024, respectively 666 591
Additional paid-in capital 8,935,547 7,825,240
Retained Earnings (Accumulated deficit) 720,718 (134,270)
Total Stockholders' Equity 9,659,708 7,695,786
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,869,795 $ 10,974,361