Cash and Cash Equivalents

6 Months Ended

Nov. 30, 2023

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers short-term highly liquid investments with original 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 November 30, 2023 and May 31, 2023:

	November 30, 2023		May 31, 2023
Cash in banks	$	4,143,248	$	7,010,568
Certificates of deposit		1,517,745		-
Money market funds		3,418,287		371,752
	$	9,079,280	$	7,382,320