v3.26.1
RIGHT-OF-USE ASSET (Tables)
 12 Months Ended
May 31, 2026
Right-of-use Asset  
SCHEDULE OF OPERATING LEASE RIGHT-OF-USE ASSET, NET

 

       
   As of May 31, 
   2026   2025 
   $’000   $’000 
At cost:          
Leasehold land   1,468    1,424 
           
At cost   1,468    1,424 
Less: accumulated amortization   (452)   (383)
           
Right-of-use asset, net   1,016    1,041 
SCHEDULE OF OPERATING LEASE RELATED ASSETS AND LIABILITIES

The table below presents the right-of-use assets and lease liability recorded on the balance sheets.

 

       
   As of May 31, 
   2026   2025 
   $’000   $’000 
         
Assets          
Operating lease, right-of-use asset, net   1,016    1,041 
           
Total right-of-use asset   1,016    1,041 
           
Liabilities          
Current:          
Operating lease liabilities   63    73 
           
Total operating lease liabilities, current   63    73 
           
Non-current:          
Operating lease liabilities   1,019    1,041 
           
Total operating lease liabilities, non-current   1,019    1,041 
           
Total lease liabilities   1,082    1,114 
SCHEDULE OF OPERATING LEASE EXPENSES

The Company excludes short-term leases (those with lease terms of less than one year at inception) from the measurement of lease liabilities or right-of-use assets. The following tables summarize the short term lease expense for the financial years.

 

          
   For the Financial Years Ended May 31,   
   2026   2025    2024 
   $’000   $’000    $’000 
             
Short-term lease expense (other than ASC 842)   -    266    802 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The table below summarizes our (i) minimum lease payments over the next five years, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the next two financial years ending May 31:

 

Financial Years Ending May 31, 

Operating

lease amount

 
   $’000 
     
2027   63 
2028   1,172 
Less: interest   (153)
      
Present value of lease liabilities   1,082 
      
Representing:     
Current liabilities   63 
Non-current liabilities   1,019 
      
Total lease liabilities   1,082