v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 12 Months Ended
May 31, 2026
May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (7,919,331) $ (2,448,590)
Net loss from discontinued operations (52,340) (733,284)
Net loss (7,971,671) (3,181,874)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Stock based compensation expense 2,287,282
Issuance of stock in exchange for service 100,000
Amortization of debt discount 272,764 83,733
Impairment of equity investment 5,094
Impairment of long-term assets 343,299 21,716
Depreciation expense 40,811 27,213
Net loss on discontinued operations 733,284
Loss on disposal of assets 303
Loss on conversion 591,919
Changes in operating assets and liabilities:    
Receivables 8,346
Receivables from related party
Prepaid expenses and other current assets (12,707) (3,815)
Bond 20,000  
Accounts payable and accrued liabilities 1,017,601 88,347
Accrued payroll (32,926) 587,385
Accrued interest 210,515 222,295
NET CASH USED IN OPERATING ACTIVITIES (3,127,716) (1,413,370)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in equity method investment (20,000)
Cash paid for acquisition of oil and gas assets (794,521)
NET CASH USED IN INVESTING ACTIVITIES (20,000) (794,521)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of common stock 2,634,800
Proceeds from exercise of warrants 5,436
Repayment of convertible debt (119,706)
Proceeds from promissory notes 1,275,000 200,000
Repayment of promissory notes (99,750)
Proceeds from bridge notes 200,000 384,000
Repayment of bridge notes (399,614) (233,136)
PPP loan repayments (61,729) (66,682)
Proceeds from prefunded drilling costs 2,250,000
Repayment of prefunded drilling costs (250,000) (1,250,000)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 3,304,143 2,379,676
Net increase/(decrease) in cash and cash equivalents from continuing operations 156,427 171,785
Cash and cash equivalents at beginning of period 249,409 127,624
Net cash provided by/(used in) discontinued operations    
Cash provided by operating activities 14,840 1,598,143
Cash used for investing activities (2,379,643)
Cash used in financing activities 731,500
Net cash provided by/(used in) discontinued operations 14,840 (50,000)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 420,676 249,409
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest expense 299,370 83,002
Cash paid for income taxes
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Oil and gas acquisition costs in accounts payable 73,598
Transfer of oil and gas assets to investment in entity – related party 643,225
Gain on sale of membership interest in HCC – related party 272,892
Relative fair value of warrants granted with debt 204,716 19,686
Gain on investment in oil and gas properties – related party 510,800
Initial asset retirement obligation and related liability 124,024
Reclassification of contingent liability to convertible debt 648,317
Exercise of warrant in exchange for debt and related interest repayment 628,814
Sale of stock in exchange for debt and related interest repayment 888,619
Issuance of common stock in exchange for note payable $ 50,000