Concentrations

6 Months Ended

Nov. 30, 2022

Risks and Uncertainties [Abstract]

Concentrations

Note 13 – Concentrations

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of trade accounts receivable and cash deposits, investments and cash equivalents instruments. The Company maintains its cash in bank deposits accounts. The Company’s account at this institution is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At November 30, 2022 and May 31, 2022, the Company held cash of approximately $3,416,837 and $123,871, respectively, in excess of federally insured limits. The Company has not experienced any losses in such accounts through November 30, 2022.

Concentration of Revenue, Product Line, and Supplier

During the three months ended November 30, 2022 there were no sales to any customer, which represented over 10% of our total sales. During the three months ended November 30, 2021 sales to one customer, aggregated to approximately 12% of the Company’s net sales. During the six months ended November 30, 2022 there were no sales to any customer, which represented over 10% of our total sales. During the six months ended November 30, 2021 sales to two customers, which each represented over 10% of our total sales, aggregated to approximately 34% of the Company’s net sales at 13% and 21%.

During the three months ended November 30, 2022, sales to customers outside the United States represented approximately 5% which consisted of 4% sales from Canada and balance 1% from several other countries. During the three months ended November 30, 2021, sales to customers outside the United States represented approximately 27% which consisted of sales of 20% from Canada and 7% from Italy. During the six months ended November 30, 2022, sales to customers outside the United States represented approximately 6% which consisted of 4% sales from Canada and balance 2% from several other countries. During the six months ended November 30, 2021, sales to customers outside the United States represented approximately 16% which consisted of 13% from Canada and 3% from EU.

During the three months ended November 30, 2022, sales by product line which each represented over 10% of sales consisted of approximately 86% from sale of our ear buds for PSAP (personal sound amplification product) and hearing protection. During the three months ended November 30, 2021, sales by product line which each represented over 10% of sales consisted of approximately 14% from sale of shampoo, 11% from sale of moisturizer and conditioner, 39% from sales of bundled packages and 18% from sale of introductory kit (shampoo, conditioner and treatment spray).During the six months ended November 30, 2022, , sales by product line which each represented over 10% of sales consisted of approximately 85% from sale of our ear buds for PSAP (personal sound amplification product) and hearing protection. During the six months ended November 30, 2021, sales by product line which each represented over 10% of sales consisted of approximately 21% from sale of fragrance shampoo and conditioner, 22% from sales of bundled packages and 29% from sale of introductory kit (shampoo, conditioner and treatment spray).

During the six months ended November 30, sales by product line comprised of the following:

	For the Six Months ended November 30,
	2022			2021
Ear buds (PSAP)		85	%		-
Other hearing enhancement products		10	%		-
Hair care and skin care products		5	%		100	%
Total		100	%		100	%

At November 30, 2022, accounts receivable from three customers represented approximately 71% at 48%, 13% and 10%. At May 31, 2022, accounts receivable from four  customers represented approximately 74% at 11%, 12%, 14% and 37%.

The Company purchased inventories and products from one vendor totaling approximately $2.2 million (80% of the purchases) and three vendors totaling approximately $71,240 (100% of the purchases at 40%, 42% and 18%) during the three months ended November 30, 2022 and 2021, respectively. 84% and 0% of our purchases were from international vendors, during the three months ended November 30, 2022 and 2021, respectively.

The Company purchased inventories and products from one vendor totaling approximately $2.6 million (73% of purchases) and three vendors totaling approximately $121,859 (96% of the purchases at 27%, 48% and 21%) during the six months ended November 30, 2022 and 2021, respectively. 79% and 0% of our purchases were from international vendors, during the three months ended November 30, 2022 and 2021, respectively.