SUBSEQUENT EVENTS

9 Months Ended

Feb. 28, 2021

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 7:  SUBSEQUENT EVENTS

In May 2019, the Company entered into an agreement with MaxHealth Medical International Limited and MaxHealth China (“MaxHealth”) giving MaxHealth exclusive distribution rights to Biomerica’s EZ Detect Product in China (the “Agreement”).  Among other things, the Agreement called for MaxHealth to make an initial prepayment for its first orders, and further required certain annual minimum product purchases. While MaxHealth initially was in compliance with the terms of the Agreement, it subsequently fell into default and failed to make the required minimum purchases. For this reason, on March 23, 2021, the Company sent MaxHealth notice of default and termination of the Agreement. The Company is currently in contract negotiations with a second medical products distributor in China that desires to obtain the exclusive distribution rights for the EZ Detect product in China.