v3.26.1
Net Income (Loss) per Share Attributable to Common Stockholders
 12 Months Ended
May 31, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to Common Stockholders

NOTE 9. Net Income (Loss) per Share Attributable to Common Stockholders

 

The Company computes net income (loss) per share using the two-class method. Basic net income (loss) per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of stock options, PSU’s, Preferred Shares, and Warrants. Certain Stock options, PSU’s, Preferred Shares, and Warrants were excluded from the computation of diluted net income (loss) per share as including them would have been anti-dilutive.

 

The following outlines the Company’s basic and diluted income (loss) per share for the year-ended May 31, 2026, and May 31, 2025:

 

    Year Ended  
    May 31,
2026		     May 31,
2025		  
Income (loss) per share:            
Basic:   $ (0.77 )   $ 0.20  
Diluted:   $ (0.77 )   $ 0.17  
                 
Shares used in computing Income (loss) per share:                
Basic:     43,046,980       25,844,200  
Diluted:     43,046,980       30,760,145  

 

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted Net Income (loss) per share for the periods presented because including them would have been antidilutive:

 

    Year Ended  
    May 31, 2026     May 31, 2025  
Options to purchase Class A ordinary shares     2,521,509       -  
Warrants     12,651,827       12,065,375  
PSU’s     1,625,000       -  
Preferred Shares     10,000,000       -  
Total     26,798,336       12,065,375