v3.26.3
PROVISION FOR INCOME TAXES (Tables)
12 Months Ended
May 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Company’s deferred tax

The components of the Company’s deferred tax asset as of May 31, 2026 and 2025 are as follows:

 

 

   2026   2025 
Net operating loss  $3,106,659   $1,777,909 
Stock compensation   791,721    536,041 
Impairment loss   1,157,796    1,112,333 
Deferred compensation   755,729    767,205 
Other   (3,729)   14,386 
Valuation allowance   (5,808,176)   (4,207,874)
Net deferred tax asset  $-   $- 
A reconciliation of income taxes computed at the statutory rate to the income tax amount recorded is as follows:

A reconciliation of income taxes computed at the statutory rate to the income tax amount recorded is as follows:

 

   2026   2025 
Tax at statutory rate (21%)  $(1,808,206)  $(668,194)
Effect of non-taxable and non-deductible permanent differences   181,207    - 
Effect of change in statutory tax rate   -    - 
Other   26,697    3,765 
Increase/(decrease) in valuation allowance   1,600,302    664,429 
Net deferred tax asset  $-   $-