SHAREHOLDERS’ EQUITY

3 Months Ended

Aug. 31, 2025

Equity [Abstract]

SHAREHOLDERS’ EQUITY

NOTE 3: SHAREHOLDERS’ EQUITY

On September 28, 2023, we filed a “shelf” registration statement on Form S-3 with the SEC on September 28, 2023, which was declared effective on September 29, 2023, allowing us to issue up to $20,000,000 in share of common stock. Under this registration statement, shares of our common stock may be sold from time to time for up to three years from the filing date. On May 10, 2024, we filed a prospectus supplement with the SEC, as part of the “shelf” registration statement on Form S-3. This prospectus supplement was intended to facilitate the sale of up to $5,500,000 in common stock through the 2024 ATM Offering.

During the three months ended August 31, 2025, we sold 258,569 shares of our common stock at prices ranging from $3.34 to $3.69 pursuant to the 2024 ATM Offering, which resulted in gross proceeds of approximately $939,000 and net proceeds us of $912,000 after deducting commissions for each sale and legal, accounting, and other fees related to offering in the amount of $27,000, including $8,000 of previously capitalized deferred offering costs.