v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 1,964 $ 2,727
Accounts receivable, net 1,978 1,624
Inventories 246 268
Deposits, prepayments and other receivables 637 132
Total current assets 4,825 4,751
Non-current assets:    
Property and equipment, net 449 703
Right-of-use asset 1,016 1,041
Total non-current assets 1,465 1,744
TOTAL ASSETS 6,290 6,495
Current liabilities:    
Accounts payable and accrued liabilities 1,257 1,173
Amounts due to related parties [1] 4 3
Bank borrowings 236
Lease liabilities 63 73
Income tax payable 105 9
Total current liabilities 1,429 1,494
Long-term liability    
Lease liabilities 1,019 1,041
Total long-term liability 1,019 1,041
TOTAL LIABILITIES 2,448 2,535
Shareholders’ equity    
Ordinary Shares, par value US$0.001, 500,000,000 Ordinary Shares authorized, 9,893,750 Ordinary Shares issued and 9,514,532 outstanding as of May 31, 2026; 9,627,236 outstanding as of May 31, 2025 10 10
Additional paid-in capital 8,200 8,200
Treasury shares, at cost: 379,218 and 266,515, respectively (803) (571)
Capital reserves 2 2
Accumulated deficit (3,507) (3,627)
Accumulated other comprehensive loss (60) (54)
Total shareholders’ equity 3,842 3,960
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,290 $ 6,495
[1] The amounts are unsecured, interest-free and payable on demand.