| Components of Prepaid Expenses and Other Current Assets, Net |
Prepaid expenses and other current assets, net, consisted of the following:
|
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As of May 31, |
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| |
|
2025 |
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|
2026 |
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| |
|
US$ |
|
|
US$ |
|
Receivable from third party payment platform |
|
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93,125 |
|
|
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152,703 |
|
Advances to suppliers |
|
|
81,246 |
|
|
|
84,861 |
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Prepaid advertising fees |
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|
23,989 |
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|
|
34,596 |
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VAT recoverable |
|
|
31,007 |
|
|
|
29,625 |
|
Interest receivables |
|
|
26,282 |
|
|
|
25,314 |
|
Rental deposits |
|
|
18,782 |
|
|
|
20,611 |
|
Prepaid rents (a) |
|
|
10,690 |
|
|
|
18,028 |
|
Staff advances (b) |
|
|
9,672 |
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|
|
8,956 |
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Deposits of advertising and decoration |
|
|
1,958 |
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|
|
208 |
|
Others |
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|
11,864 |
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|
|
15,014 |
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|
|
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|
|
|
|
|
|
|
|
|
308,615 |
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|
|
389,916 |
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Less: allowance for prepaid expenses and other current assets |
|
|
(713 |
) |
|
|
(784 |
) |
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|
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|
|
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307,902 |
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|
|
389,132 |
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| (a) |
Prepaid rents represent the prepayment of rent related to leases less than 12 months. |
| (b) |
Staff advances were provided to staff for travelling and business related use, and related expenditures are expensed as incurred. |
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