XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value Measurements (Tables)
6 Months Ended
Nov. 30, 2025
Fair Value Measurements [Abstract]  
Schedule of Fair Value Hierarchy of the Valuation Inputs the Company Utilized to Determine such Fair Value

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of November 30, 2025, and May 31, 2025, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
November 30, 2025                
Liabilities                
Derivative Liability - Warrants  $7,352   $6,991   $
   $361 
Total  $7,352   $6,991   $
   $361 

 

Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
May 31, 2025                
Liabilities                
Derivative Liability - Warrants  $4,488   $1,264   $
   $3,224 
Total  $4,488   $1,264   $
   $3,224 
Schedule of Level 3 Fair Value Measurements Inputs The following table provides quantitative information regarding Level 3 fair value measurements inputs related to these Warrant liabilities at their measurement dates:
   November 30,
2025
   May 31,
2025
 
Redemption Price (USD)  $0.75   $0.75 
Stock Price (USD)  $1.65   $1.06 
Volatility   76%   76%
Term (years)   3.7    4.2 
Risk-free rate   4.02%   4.42%
Schedule of Change in the Fair Value of the Assets and Liabilities

The change in the fair value of the assets and liabilities measured with Level 3 inputs, for the three and six months ended November 30, 2025, is summarized as follows:

 

   May 31,
2025
 
Fair value Derivative Liability - May 31, 2025  $3,224 
Warrant Exercises   (5,492)
Change in fair value of Warrant Liabilities   2,998 
Fair value Derivative Liability – August 31, 2025   730 
Warrant Exercises   (772)
Change in fair value of Warrant Liabilities   403 
Fair Value Derivative Liability – November 30, 2025  $361