| SEGMENT INFORMATION |
NOTE 15 — SEGMENT INFORMATION
Segment revenue and expenses
are as follows in the years ended May 31, 2025 and 2024.
| | |
2025 | | |
2024 | |
| Revenue | |
$ | 631,729 | | |
$ | 1,319,531 | |
| Research and development | |
| | | |
| | |
| Salaries and benefits | |
| 449,344 | | |
| 692,875 | |
| Consultants and contractors | |
| 176,935 | | |
| 278,837 | |
| Stock based compensation | |
| 24,312 | | |
| 182,912 | |
| Other R&D | |
| — | | |
| 2,236 | |
| Total research and development | |
| 650,591 | | |
| 1,156,860 | |
| General and administrative | |
| | | |
| | |
| Salaries and benefits | |
| 105,761 | | |
| 117,883 | |
| Consultants and contractors | |
| 213,509 | | |
| 292,234 | |
| Stock based compensation | |
| — | | |
| 11,934 | |
| Patents | |
| 44,363 | | |
| 30,167 | |
| Depreciation | |
| 20,828 | | |
| 20,052 | |
| Offering costs | |
| 150,526 | | |
| — | |
| Rent and facilities | |
| 53,483 | | |
| 55,600 | |
| Other | |
| 35,918 | | |
| 86,204 | |
| Total general and administrative | |
| 624,388 | | |
| 614,074 | |
| Interest expense | |
| 82,046 | | |
| 48,599 | |
| Income taxes | |
| 17,939 | | |
| 114,403 | |
| Net loss | |
$ | (743,235 | ) | |
$ | (614,405 | ) |
Other general and administrative
expenses include software services, statutory and licensing fees, insurance and office expenses, among others.
|