Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

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PREPAID EXPENSES AND OTHER CURRENT ASSETS
 12 Months Ended
May 31, 2024
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

NOTE 7 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets consisted of the following at May 31, 2024 and 2023:

 

   

May 31,

    

May 31,

  
   

2024

    

2023

  

Prepaid expenses

     49,309       147,953  

Employee receivable

     -       1,000  

Total

   $ 49,309     $ 148,953  

 

Deposits consist of amounts paid in advance for the acquisition of property and equipment. Prepaid expenses consist primarily of annual license fees charged by the State of Nevada; these fees are paid in advance and amortized over the one-year term of the licenses.