Cash and Cash Equivalents

3 Months Ended

Aug. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of August 31, 2023 and May 31, 2023:

	August 31, 2023		May 31, 2023
Cash in banks	$	3,056,484	$	7,010,568
Certificates of deposit		1,500,000		-
Money market funds		3,137,547		371,752
	$	7,694,031	$	7,382,320