INCOME TAXES (Tables)

12 Months Ended

May 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAXES

Provision for income taxes for the years ended May 31 consists of the following:

	For the Year Ended May 31,
	2024			2023
Current:
U.S. Federal	$	-		$	-
Foreign Taxes Subsidiaries		(41,000	)		(50,000	)
State and local		(1,000	)		(1,000	)
Total current		(42,000	)		(51,000	)
Deferred:
U.S. Federal		-			-
State and local		-			-
Total deferred		-			-
Income tax expense	$	(42,000	)	$	(51,000	)

SCHEDULE OF EFFECTIVE INCOME TAX RECONCILIATION

	For the Year Ended May 31,
	2024			2023
Computed “expected” tax benefit	$	1,247,000			1,490,000
Increase (reduction) in income taxes resulting from:
Change in valuation allowance		(1,428,000	)		(1,973,000	)
State income taxes, net of federal benefit		459,000			583,000
Permanent tax differences and other		(148,000	)		(17,000	)
Stock based compensation benefit		-			(5,000	)
Foreign taxes of subsidiaries		(172,000	)		(129,000	)
Income tax expense	$	(42,000	)	$	(51,000	)

SCHEDULE OF DEFERRED TAX ASSETS

The tax effect of significant temporary differences is presented below:

	May 31,
	2024			2023
Deferred tax assets:
Accounts receivable, principally due to allowance for credit losses	$	5,000		$	8,000
Inventory valuation		131,000			188,000
Compensated absences		144,000			118,000
Net operating loss carryforwards		6,658,000			5,817,000
Tax credit carryforwards		1,380,000			1,239,000
Deferred rent expense/capitalized leases		11,000			11,000
Stock options		1,561,000			1,296,000
Sec 174 capitalized costs		501,000			284,000
Losses of foreign subsidiaries and other, net		2,000			-
Accumulated depreciation and amortization		(24,000	)		(21,000	)
Total deferred tax assets		10,369,000			8,940,000
Less valuation allowance		(10,369,000	)		(8,940,000	)
Net deferred tax asset	$	-		$	-