v3.26.1
Balance Sheet Components
 12 Months Ended
May 31, 2026
Balance Sheet Components [Abstract]  
Balance Sheet Components

NOTE 4. Balance Sheet Components

 

Property and Equipment, net

 

Property and equipment consist of the following:

 

    Year-Ended  
    May 31,
2026		     May 31,
2025		  
Computer Equipment   $ 261     $ 103  
Leasehold Improvements     245       123  
Tools and Equipment     626       —  
Website Development     152       152  
Vehicles     16       16  
Software     61       —  
      1,361       394  
Accumulated Depreciation     (483 )     (185 )
Total Property and Equipment, net   $ 878     $ 209  

 

Depreciation expenses of $298 for the year ended May 31, 2026 (May 31, 2025 - $138), has been recorded in the consolidated statements of operations, of which $139 (May 31, 2025 - $70) was recorded in Research and Development expenses with the remainder in General and Administrative expenses.

 

Prepaid Expenses

 

Prepaid Expenses consisted of the following:

 

    May 31,
2026		     May 31,
2025		  
Prepaid insurance   $ 350     $ 436  
Prepaid software     133       4  
Prepaid capital market services     —       89  
Prepaid aircraft development equipment     2,933       —  
Other general prepaid expenses     353       1  
Total Prepaid expenses   $ 3,769     $ 530  

 

Accrued Liabilities

 

Accrued Expenses consisted of the following:

 

    May 31,
2026		     May 31,
2025		  
Accrued professional fees   $ 582     $ 439  
Accrued employee costs     206       171  
Other accrued liabilities     30       15  
Total Accrued Liabilities   $ 818     $ 625