XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.4
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash flows from operating activities    
Net income (loss) $ (1,966,321) $ (1,692,094)
Depreciation and amortization 1,242 1,099
Amortization of ROU 0 5,838
Loss on investment 0 1,091,890
Equity-based compensation expense 290,263 0
Changes in operating assets and liabilities:    
Accounts receivable 120,284 7,636
Inventories 243,065 (102,774)
Prepaid expenses (179,974) (68,089)
Marketable securities (581,639) 0
Securities receivable (3,434,113) 0
Other current assets 245,484 0
Accounts payable (652,103) (40,483)
Other current liabilities 2,549,279 223,624
Cash used in operating activities (3,364,533) (573,353)
Investing activities    
Purchases of property, plant and equipment 0 (702,407)
Net cash used in investing activities 0 (702,407)
Financing activities    
Proceeds from convertible notes payable 1,009,803 0
Proceeds from sales of common stock, net of issuance costs 1,230,969 1,655,669
Net cash from financing activities 2,240,772 1,655,669
Change in cash and cash equivalents (1,123,761) 379,909
Effect of foreign exchange rate on cash (91,958) (18,502)
Cash -- beginning of period 2,675,400 206,820
Cash -- end of period $ 1,459,681 $ 568,227