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Operating Lease (Tables)
6 Months Ended
Nov. 30, 2024
Operating Lease  
Summary of Operating Leases Assets and Liabilities

The following table provides a summary of leases as of November 30, 2024 and May 31, 2024:

 

Assets/liabilities  Classification  November 30, 2024
$
   May 31, 2024
$
 
Assets             
Operating lease right-of-use assets  Operating lease assets   46,264    72,178 
              
Liabilities             
Current             
Operating lease liabilities – current  Current operating lease liabilities   46,501    61,640 
              
Long-term             
Operating lease liabilities – net of current portion  Long-term operating lease liabilities   -    10,809 
              
Total lease liabilities      46,501    72,449 
Schedule of Operating Lease Expense

The operating lease expense for the six months ended November 30, 2024 and 2023 were as follows:

 

      Six Months Ended 
Lease cost  Classification  November 30,
2024
   November 30, 2023 
      $   $ 
Operating lease cost  General and administrative expenses   40,287    31,907 
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of November 30, 2024 were as follows:

 

Maturity of Lease Liabilities  Operating Leases
$
 
Remaining of 2025   47,005 
2026   315 
2027   - 
Total lease payments   47,320 
Less: interest   (819)
Present value of lease payments   46,501 

 

Maturities of operating lease liabilities as of May 31, 2024, were as follows:

 

Maturity of Lease Liabilities  

Operating Leases

$

 
Remaining of 2025     63,675  
2026     10,881  
2027     -  
Total lease payments     74,556  
Less: interest     (2,107 )
Present value of lease payments     72,449  
Schedule of Supplemental Information

Supplemental information related to operating leases was as follows:

 

   Three Months Ended 
   November 30,
2024
   November 30,
2023
 
   $   $ 
Cash paid for amounts included in the measurement of lease liabilities   18,540    19,323 
Weighted average remaining lease term   0.71 year    0.86 year 
Weighted average discount rate   4.75%   4.75%