v3.26.1
ACCRUED EXPENSES AND OTHER PAYABLE
 12 Months Ended
May 31, 2026
Payables and Accruals [Abstract]  
ACCRUED EXPENSES AND OTHER PAYABLE

NOTE 12 ACCRUED EXPENSES AND OTHER PAYABLE

 

                
   As of May 31,     
   2026   2025   Increase/ 
   (audited)   (audited)   (Decrease) 
   $   $   $ 
Accrued Expenses   234,527    626,573    (392,046)
Deposit Received   71,639    67,455    4,184 
Other Payable   101,566    114,756    (13,190)
Total   407,732    808,784    (401,052)

 

Accrued expenses balance $234,527 consists payroll related costs, audit fee and VAT payable. Deposit received balance $71,639 is the warranty for usage of brand name. Other payable balance $101,566 includes short term borrowing from third party $92,703 for working capital, which is one year term, unsecured and interest-free, and others $8,863.

 

As of May 31, 2026 and 2025, the accrued expenses and other payable balances are $407,732 and $808,784 respectively, as compared that is a decrease of $401,052. The decrement is mainly due to decrease in accrued legal fee $300,000, payroll related costs $92,046, other payable $13,190 of short term borrowing from third party, and offset increase in deposit received $4,184.