14. Retirement Plan

12 Months Ended

May 31, 2024

Notes

14. Retirement Plan:

14.  Retirement Plan:

The Company maintains a retirement plan for essentially all employees pursuant to Section 401(k) of the Internal Revenue Code.  The Company matches a percentage of employee voluntary salary deferrals subject to limitations.  The Company may also make discretionary contributions as determined annually by the Company's Board of Directors.  The amount expensed under the plan was $431,720 and $371,881 for the years ended May 31, 2024 and 2023.