v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
May 31, 2026
Stock-Based Compensation [Abstract]  
Schedule of Fair Value of the Stock Options The Company estimated the fair value of the stock options on the date of grant using the Black-Scholes option-pricing model with the following assumptions:

 

    May 31,
2026
    May 31,
2025
 
Exercise price   $USD 2.01-2.57     $USD 0.27 -0.61  
Risk-free interest rate     4.15% - 4.23 %     3.8%-4.5 %
Term (years)     5       5  
Volatility     76 %     76 %
Forfeiture rate     0 %     0 %
Dividend yield     0 %     0 %

The following assumptions were used to estimate the fair value of these PSU’s:

 

    August 27,
2025
 
Stock price   $USD 1.83  
Risk-free interest rate     3.3 %
Term (years)     3.3  
Volatility     76 %
Dividend yield     0 %

The following assumptions were used to estimate the fair value of these PSU’s:

 

    February 10,
2026
 
Stock price   $USD 1.85  
Risk-free interest rate     3.3 %
Term (years)     3.8  
Volatility     76 %
Dividend yield     0 %
Schedule of Stock Option Activity

A summary of stock option activity for the Company is as follows:

 

    Number of Shares     Weighted Average Exercise Price ($USD)     Weighted Average Remaining Contractual Life (years)     Aggregate Intrinsic Value  
Outstanding stock options May 31, 2024     685,230     $ 0.60       6.5     $ 139  
Stock Options Issued – October 4, 2024     180,000     $ 0.27       9.6     $ 196  
Stock Options Issued – February 3, 2025     1,340,000     $ 0.61       9.9     $ 830  
Outstanding stock options May 31, 2025     2,205,230     $ 0.58       8.4     $ 1,340  
Stock Options Issued     413,000     $ 2.19       9.3     $ 304  
Stock Options Exercised     (36,721 )   $ 0.55       4.7       -  
Stock Options Forfeited     (60,000 )   $ 2.15       9.6       -  
Outstanding stock options May 31, 2026     2,521,509     $ 0.81       8.2     $ 7,376  
Exercisable as of May 31, 2026     1,121,842     $ 0.58       6.9     $ 3,642