v3.26.3
Other Current Liabilities
 3 Months Ended
Aug. 31, 2026
Other Current Liabilities  
Other Current Liabilities

Note 10 – Other Current Liabilities

 

Other current liabilities comprised the following:

 

 

 

August 31, 2026

 

 

May 31,

2026

 

Loan payable – short-term advance

 

$360,594

 

 

$363,777

 

Employee and statutory payroll liabilities

 

 

177,655

 

 

 

153,835

 

Value added and sales tax balances, net

 

 

(7,518)

 

 

(143)

Goods received not invoiced

 

 

112,567

 

 

 

33,303

 

Other accruals

 

 

11,407

 

 

 

(9,099)

Total

 

$654,705

 

 

$541,673

 

 

On May 20, 2026 a British Columbia company listed on the TSX Venture Exchange advanced CAD $500,000 to Karbon-X Corp. The advance is unsecured, non-interest-bearing and repayable on November 20, 2026; it is remeasured at the closing rate and a foreign exchange gain of $3,183 was recognized during the quarter. Employee and statutory payroll liabilities comprise accrued salaries, accrued vacation, severance, service premium and mandatory social contributions, and are stated net of amounts prepaid.