Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 149,264 | 49,758 | 26,986 | 0.00 |
| Operating Revenue | 149,264 | 49,758 | 26,986 | 0.00 |
| Cost Of Revenue | 333,553 | 211,950 | 56,322 | 0.00 |
| Gross Profit | -184,289 | -162,192 | -29,336 | 0.00 |
| Selling General And Administration | 4.3M | 5.2M | 6.0M | 10.4M |
| General And Administrative Expense | 4.0M | 4.8M | 4.9M | 6.7M |
| Research And Development | 764,902 | 380,089 | 336,460 | 666,725 |
| Depreciation And Amortization In Income Statement | 1.6M | 987,551 | 672,830 | 253,331 |
| Other Operating Expenses | -- | -1.0M | 837,250 | 775,824 |
| Operating Expense | 6.7M | 5.5M | 7.8M | 12.1M |
| Operating Income | -6.8M | -5.7M | -7.9M | -12.1M |
| EBIT | -6.4M | -5.9M | -8.0M | -16.8M |
| Interest Expense | 180,548 | 257,459 | 309,167 | 289,601 |
| Interest Expense Non Operating | 180,548 | 257,459 | 309,167 | 289,601 |
| Interest Income | 547,506 | 670,913 | 157,107 | 13,202 |
| Interest Income Non Operating | 547,506 | 670,913 | 157,107 | 13,202 |
| Net Interest Income | 366,958 | 413,454 | -152,060 | -276,399 |
| Other Income Expense | -52,267 | -853,712 | -320,552 | -4.7M |
| Other Non Operating Income Expenses | 1,376 | -- | -- | -- |
| Special Income Charges | -3,782 | -849,450 | -250,810 | -4.7M |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 2.6M |
| Write Off | 22,345 | 97,274 | 175,382 | 0.00 |
| Gain On Sale Of Security | -49,861 | -4,262 | -69,742 | 8,232 |
| Pretax Income | -6.5M | -6.1M | -8.3M | -17.1M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -6.5M | -6.1M | -8.3M | -17.2M |
| Net Income From Continuing Operation Net Minority Interest | -6.5M | -6.1M | -8.3M | -17.1M |
| Net Income Including Noncontrolling Interests | -6.5M | -6.1M | -8.3M | -17.2M |
| Net Income Common Stockholders | -6.5M | -6.1M | -8.3M | -17.2M |
| Net Income | -6.5M | -6.1M | -8.3M | -17.2M |
| EBITDA | -4.6M | -4.9M | -7.4M | -16.6M |
| Normalized EBITDA | -4.6M | -4.0M | -7.0M | -11.8M |
| Reconciled Depreciation | 1.7M | 987,551 | 672,830 | 244,065 |
| Basic EPS | -0.07 | -0.06 | -0.09 | -0.37 |
| Diluted EPS | -0.07 | -0.06 | -0.09 | -0.37 |
| Basic Average Shares | 97.3M | 97.2M | 96.8M | 46.5M |
| Diluted Average Shares | 97.3M | 97.2M | 96.8M | 46.5M |
| Total Unusual Items | -53,643 | -853,712 | -320,552 | -4.7M |
| Total Unusual Items Excluding Goodwill | -53,643 | -853,712 | -320,552 | -4.7M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -6.5M | -5.3M | -8.0M | -12.4M |
| Depreciation Amortization Depletion Income Statement | 1.6M | 987,551 | 672,830 | 253,331 |
| Depreciation Income Statement | 1.6M | 987,551 | 672,830 | 253,331 |
| Diluted NI Availto Com Stockholders | -6.5M | -6.1M | -8.3M | -17.2M |
| Gain On Sale Of Ppe | 18,563 | 0.00 | -- | -- |
| Impairment Of Capital Assets | 0.00 | 707,258 | 75,428 | 2.1M |
| Net Income Continuous Operations | -6.5M | -6.1M | -8.3M | -17.1M |
| Net Income Discontinuous Operations | -- | -- | 0.00 | -84,548 |
| Net Non Operating Interest Income Expense | 366,958 | 413,454 | -152,060 | -276,399 |
| Other Gand A | 2.0M | 4.1M | 2.5M | 5.3M |
| Other Special Charges | -- | 44,918 | -- | -- |
| Reconciled Cost Of Revenue | 241,695 | 211,950 | 56,322 | 9,266 |
| Salaries And Wages | 2.0M | 713,293 | 2.3M | 1.4M |
| Selling And Marketing Expense | 271,447 | 348,577 | 1.1M | 3.7M |
| Total Expenses | 7.0M | 5.7M | 7.9M | 12.1M |
| Total Operating Income As Reported | -7.0M | -7.0M | -8.2M | -12.4M |
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 8.0M | 15.6M | 15.5M | 50.5M |
| Cash Cash Equivalents And Short Term Investments | 11.1M | 15.6M | 28.5M | 50.5M |
| Cash Equivalents | -- | 15.6M | 15.5M | -- |
| Cash Financial | -- | -- | 2.0M | 50.5M |
| Other Short Term Investments | 3.0M | 40,000 | 13.0M | 0.00 |
| Accounts Receivable | 7,800 | 342.00 | 15,989 | 0.00 |
| Receivables | 322,885 | 2.4M | 1.3M | 603,385 |
| Inventory | 588,826 | 790,600 | 929,667 | 321,543 |
| Prepaid Assets | 1.6M | 5.6M | 4.0M | 1.9M |
| Current Assets | 15.5M | 26.2M | 34.7M | 53.4M |
| Gross PPE | 25.6M | 20.0M | 14.3M | 5.5M |
| Accumulated Depreciation | -4.6M | -3.0M | -2.2M | -1.4M |
| Net PPE | 21.0M | 17.1M | 12.1M | 4.1M |
| Goodwill And Other Intangible Assets | 78,980 | 78,980 | 78,980 | 78,980 |
| Other Intangible Assets | -- | 78,980 | 78,980 | 78,980 |
| Total Non Current Assets | 21.0M | 17.1M | 14.4M | 4.3M |
| Total Assets | 36.5M | 43.4M | 49.2M | 57.7M |
| Current Debt | 394,198 | 319,453 | 259,511 | 1.3M |
| Current Debt And Capital Lease Obligation | 394,198 | 319,453 | 403,852 | 1.3M |
| Accounts Payable | 2.1M | 2.9M | 1.6M | 1.5M |
| Payables | 2.1M | 2.9M | 1.6M | 1.5M |
| Payables And Accrued Expenses | 2.1M | 2.9M | 1.6M | 1.5M |
| Current Deferred Revenue | 82,555 | 14,156 | 1.0M | 1.0M |
| Current Liabilities | 2.6M | 3.2M | 3.0M | 3.9M |
| Long Term Debt | 271,755 | 665,956 | 985,414 | 956,224 |
| Long Term Debt And Capital Lease Obligation | 271,755 | 665,956 | 1.4M | 1.5M |
| Long Term Capital Lease Obligation | -- | 0.00 | 381,273 | 514,719 |
| Total Non Current Liabilities Net Minority Interest | 271,755 | 665,956 | 1.4M | 1.5M |
| Total Liabilities Net Minority Interest | 2.9M | 3.9M | 4.4M | 5.3M |
| Common Stock | 66.2M | 66.2M | 66.9M | 66.7M |
| Capital Stock | 66.2M | 66.2M | 66.9M | 66.7M |
| Additional Paid In Capital | 8.7M | 8.7M | 7.9M | 7.9M |
| Retained Earnings | -44.1M | -37.5M | -31.4M | -23.1M |
| Common Stock Equity | 33.6M | 39.5M | 44.8M | 52.3M |
| Stockholders Equity | 33.6M | 39.5M | 44.8M | 52.3M |
| Total Equity Gross Minority Interest | 33.6M | 39.5M | 44.8M | 52.3M |
| Total Capitalization | 33.9M | 40.2M | 45.8M | 53.3M |
| Net Tangible Assets | 33.5M | 39.4M | 44.7M | 52.3M |
| Tangible Book Value | 33.5M | 39.4M | 44.7M | 52.3M |
| Working Capital | 12.8M | 23.0M | 31.7M | 49.5M |
| Invested Capital | 34.3M | 40.5M | 46.0M | 54.6M |
| Total Debt | 665,953 | 985,409 | 1.8M | 2.8M |
| Share Issued | 97.3M | 97.3M | 96.9M | 96.6M |
| Ordinary Shares Number | 97.3M | 97.3M | 96.9M | 96.6M |
| Accrued Interest Receivable | 127,752 | 413,159 | 78,665 | 0.00 |
| Assets Held For Sale Current | 1.9M | 1.9M | 0.00 | -- |
| Buildings And Improvements | 4.1M | 3.7M | 2.0M | 867,321 |
| Capital Lease Obligations | -- | 0.00 | 525,614 | 542,648 |
| Current Capital Lease Obligation | -- | 0.00 | 144,341 | 27,929 |
| Current Deferred Liabilities | 82,555 | 14,156 | 1.0M | 1.0M |
| Duefrom Related Parties Current | -- | -- | -- | 0.00 |
| Dueto Related Parties Current | 0.00 | 5,000 | 30,906 | 18,586 |
| Finished Goods | 11,079 | 5,314 | 70,146 | 0.00 |
| Land And Improvements | 1.2M | 1.2M | 1.6M | 341,270 |
| Line Of Credit | -- | -- | 0.00 | 804,611 |
| Machinery Furniture Equipment | 21.6M | 16.4M | 12.1M | 5.7M |
| Non Current Prepaid Assets | -- | 0.00 | 2.3M | 133,492 |
| Other Current Borrowings | 394,198 | 319,453 | 259,511 | 500,004 |
| Other Equity Interest | 2.8M | 2.1M | 1.4M | 819,819 |
| Other Properties | -1.4M | -1.4M | -1.4M | -1.4M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 577,747 | 785,286 | 859,521 | 321,543 |
| Restricted Cash | -- | 40,000 | 40,000 | 40,000 |
| Taxes Receivable | 187,333 | 1.9M | 1.2M | 603,385 |
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -2.4M | -3.9M | -8.2M | -10.4M |
| Cash Flow From Continuing Operating Activities | -2.4M | -3.9M | -8.2M | -10.4M |
| Depreciation And Amortization | 1.7M | 987,551 | 672,830 | 244,065 |
| Depreciation Amortization Depletion | 1.7M | 987,551 | 672,830 | 244,065 |
| Stock Based Compensation | 635,276 | 713,293 | 626,693 | 2.4M |
| Change In Working Capital | 1.6M | 293,242 | -1.8M | -1.7M |
| Changes In Account Receivables | -- | -1.0M | -735,038 | -328,667 |
| Change In Receivables | 2.0M | -1.0M | -735,038 | -328,635 |
| Change In Inventory | 179,429 | 41,793 | -1.1M | 0.00 |
| Change In Payables And Accrued Expense | -720,123 | 1.3M | 69,474 | 855,673 |
| Change In Payable | -720,123 | 1.3M | 69,474 | 855,673 |
| Change In Other Working Capital | 63,399 | -13,795 | 2,045 | -- |
| Other Non Cash Items | 180,548 | -575,623 | 334,667 | 3.7M |
| Capital Expenditure | -891,477 | -3.3M | -8.8M | -1.6M |
| Purchase Of PPE | -891,477 | -3.3M | -8.8M | -1.6M |
| Net PPE Purchase And Sale | -891,477 | -3.3M | -8.8M | -1.6M |
| Purchase Of Business | -- | -- | -13.0M | 0.00 |
| Purchase Of Investment | -- | -- | 0.00 | -26,000 |
| Net Investment Purchase And Sale | -3.0M | 13.0M | -13.0M | -26,000 |
| Investing Cash Flow | -4.6M | 4.7M | -25.6M | -1.0M |
| Cash Flow From Continuing Investing Activities | -4.6M | 4.7M | -25.6M | -1.0M |
| Issuance Of Debt | -- | -- | -- | 804,611 |
| Repayment Of Debt | -500,004 | -650,004 | -537,504 | -369,264 |
| Net Issuance Payments Of Debt | -500,004 | -650,004 | -1.3M | 435,347 |
| Issuance Of Capital Stock | -- | -- | 0.00 | 45.3M |
| Net Common Stock Issuance | -- | -- | 0.00 | 45.3M |
| Financing Cash Flow | -500,004 | -650,004 | -1.2M | 58.7M |
| Cash Flow From Continuing Financing Activities | -500,004 | -650,004 | -1.2M | 58.7M |
| Changes In Cash | -7.6M | 102,509 | -35.0M | 47.2M |
| Beginning Cash Position | 15.6M | 15.5M | 50.5M | 3.3M |
| End Cash Position | 8.0M | 15.6M | 15.5M | 50.5M |
| Free Cash Flow | -3.3M | -7.2M | -17.0M | -12.1M |
| Asset Impairment Charge | 22,345 | 804,532 | 250,810 | 2.1M |
| Change In Account Payable | -- | 1.3M | 57,154 | 852,160 |
| Change In Prepaid Assets | -- | -- | -1.8M | -2.2M |
| Common Stock Issuance | -- | -- | 0.00 | 45.3M |
| Depreciation | 1.7M | 987,551 | 672,830 | 244,065 |
| Long Term Debt Payments | -500,004 | -650,004 | -537,504 | -369,264 |
| Net Business Purchase And Sale | -- | -- | -13.0M | 0.00 |
| Net Income From Continuing Operations | -6.5M | -6.1M | -8.3M | -17.2M |
| Net Long Term Debt Issuance | -500,004 | -650,004 | -537,504 | -369,264 |
| Net Other Financing Charges | -- | -- | -- | 1.6M |
| Net Other Investing Changes | -727,226 | -5.0M | -3.9M | 627,768 |
| Net Short Term Debt Issuance | -- | 0.00 | -804,611 | 804,611 |
| Operating Gains Losses | -18,563 | -- | -- | -- |
| Proceeds From Stock Option Exercised | -- | 0.00 | 143,307 | 11.4M |
| Short Term Debt Issuance | -- | -- | -- | 804,611 |