SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
Aug. 31, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF NET INVENTORIES |
Net
inventories are comprised of approximately the following:
SCHEDULE
OF NET INVENTORIES
| | |
August 31, 2026 | | |
May 31, 2026 | |
| Raw materials | |
$ | 1,089,000 | | |
$ | 1,054,000 | |
| Work in progress | |
| 648,000 | | |
| 868,000 | |
| Finished products | |
| 267,000 | | |
| 179,000 | |
| Total gross inventory | |
| 2,004,000 | | |
| 2,101,000 | |
| Inventory reserves | |
| (370,000 | ) | |
| (394,000 | ) |
| Net
inventory | |
$ | 1,634,000 | | |
$ | 1,707,000 | |
|
| SUMMARY OF OPTIONS ACTIVITY |
The
following summary presents the options granted, exercised, expired, cancelled and outstanding for the three months ended August 31, 2026:
SUMMARY OF OPTIONS ACTIVITY
| | |
Option Shares | | |
Weighted Average Exercise Price | |
| Options
Outstanding at May 31, 2026 | |
| 454,384 | | |
$ | 16.88 | |
| Canceled
or expired | |
| (25,001 | ) | |
| 10.64 | |
| Options
Outstanding at August 31, 2026 | |
| 429,383 | | |
$ | 17.24 | |
| Options
vested and exercisable at August 31, 2026 | |
| 284,394 | | |
$ | 24.14 | |
|
| SCHEDULE OF RSUs ACTIVITY |
The
following summary presents the restricted stock awards granted, vested, forfeited and outstanding for the three months ended August 31,
2026:
SCHEDULE OF RSUs ACTIVITY
| | |
Restricted
Stock Awards | | |
Weighted
Average
Grant Date
Fair Value | |
| Unvested Restricted
Stock Awards at May 31, 2026 | |
| 168,437 | | |
$ | 2.57 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| - | | |
| - | |
| Unvested
Restricted Stock Awards at August 31, 2026 | |
| 168,437 | | |
$ | 2.57 | |
|
| SCHEDULE OF DISAGGREGATION REVENUE |
The
following is a breakdown of revenues according to markets to which the products are sold:
SCHEDULE
OF DISAGGREGATION REVENUE
| | |
2026 | | |
2025 | |
| | |
Three Months Ended August 31, | |
| | |
2026 | | |
2025 | |
| Clinical lab | |
$ | 775,000 | | |
$ | 1,024,000 | |
| Over-the-counter | |
| 291,000 | | |
| 161,000 | |
| Contract manufacturing | |
| 197,000 | | |
| 192,000 | |
| Physician’s office | |
| 2,000 | | |
| 3,000 | |
| Total | |
$ | 1,265,000 | | |
$ | 1,380,000 | |
|