Quarterly report pursuant to Section 13 or 15(d)

Due to Related Party

v3.24.4
Due to Related Party
6 Months Ended
Nov. 30, 2024
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]  
Other Liabilities Disclosure [Text Block]

Note 12: Due to Related Party

 

On November 1, 2024, the Company acquired and cancelled 1,125,000 shares of common stock from a board member at a cost of $40,000. These shares were valued at $0.0557 per shares, which was the closing price on the date of the cancellation; a gain in the amount of $22,663 was recorded on this transaction. The purchase price of $40,000 had not been paid at November 30, 2024.