Annual report pursuant to Section 13 and 15(d)

OTHER ASSETS

v3.23.2
OTHER ASSETS
 12 Months Ended
May 31, 2023
Other Noncurrent Assets Disclosure Abstract  
Other Non-current Assets Disclosure [Text Block]

NOTE 13 – OTHER ASSETS

 

Other assets included the following as of May 31, 2023 and May 31, 2022:

 

   

May 31,

    

May 31,

  
   

2023

    

2022

  

Security deposits

     157,500       229,500  
    $ 157,500     $ 229,500  

 

During the year ended May 31, 2023, the Company recorded an impairment charge in the amount of $30,000 in connection with a construction deposit held by our 50% owned subsidiary Kealii Okamalu. See note 4.