v3.26.1
5. Maintenance and Other Inventory
12 Months Ended
May 31, 2026
Notes  
5. Maintenance and Other Inventory:

5.  Maintenance and Other Inventory:

 

2026

 

2025

Maintenance and other inventory

$ 1,865,680

 

$ 1,872,931

Less allowance for obsolescence

659,684

 

765,056

$ 1,205,996

 

$ 1,107,875

 

Maintenance and other inventory represent stock that is estimated to have a product life-cycle in excess of twelve-months.  This stock represents certain items the Company is required to maintain for service of products sold, and items that are generally subject to spontaneous ordering.  This inventory is particularly sensitive to obsolescence in the near term due to its use in industries characterized by the continuous introduction of new product lines, rapid technological advances and product obsolescence.  Therefore, management of the Company has recorded an allowance for potential inventory obsolescence.  $318,000 and $107,000 of inventory was disposed of during the years ended May 31, 2026 and 2025.  The provision for potential inventory obsolescence was $225,000 and zero for the years ended May 31, 2026 and 2025.  The Company continues to rework slow-moving inventory, where applicable, to convert it to product to be used on customer orders.