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SUBSEQUENT EVENTS
12 Months Ended
May 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10: SUBSEQUENT EVENTS

 

On July 21, 2025, the Company received a cash refund of approximately $1.1 million from the Internal Revenue Service (IRS) related to previously filed claims for the Employee Retention Credit (ERC), a refundable payroll tax credit under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This amount was recorded and collected subsequent to year-end.

 

In July and August 2025, the Company completed sales of its common stock under its At-the-Market (“ATM”) offering program, generating net proceeds of approximately $919,000 subsequent to year-end.