$4.46M
Revenue
$-4.03M
Net Income
5.61%
Gross Margin
-118.10%
Op. Margin
$-5.37M
Free Cash Flow
| Breakdown | TTM (Nov 30, 2025) |
FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.46M | $5.31M | $5.42M | $5.34M | $18.87M | $6.69M |
| Revenue Growth % | -16.1% | -1.9% | 1.4% | -71.7% | 182.0% | nan% |
| Cost of Revenue | $4.21M | $4.81M | $4.80M | $4.89M | $15.89M | $4.91M |
| Gross Profit | $250.00K | $498.00K | $611.00K | $446.00K | $2.98M | $1.78M |
| Gross Margin % | 5.6% | 9.4% | 11.3% | 8.4% | 15.8% | 26.6% |
| Operating Expenses | $5.51M | $5.63M | $6.98M | $7.67M | $7.51M | $4.18M |
| Research & Development | $874.00K | $1.02M | $1.49M | $1.58M | $1.81M | $1.91M |
| Selling General & Admin | $4.64M | $4.61M | $5.49M | $6.08M | $5.70M | $2.27M |
| Operating Income | $-5.26M | $-5.14M | $-6.37M | $-7.22M | $-4.53M | $-2.40M |
| Operating Margin % | -118.1% | -96.7% | -117.6% | -135.3% | -24.0% | -35.9% |
| Interest Expense | - | - | - | - | - | $9.00 |
| Other Income/Expense | $1.25M | $165.00K | $431.00K | $134.00K | $27.00K | $71.18K |
| Income Before Tax | $-4.02M | $-4.97M | $-5.94M | $-7.09M | $-4.51M | $-2.33M |
| Income Tax Expense | $9.00K | $1.00K | $42.00K | $51.00K | $24.00K | $7.39K |
| Net Income | $-4.03M | $-4.97M | $-5.98M | $-7.14M | $-4.53M | $-2.34M |
| Net Margin % | -90.3% | -93.6% | -110.4% | -133.7% | -24.0% | -34.9% |
| Basic EPS | -2.49 | -2.16 | -0.36 | -0.50 | -0.36 | -0.23 |
| Diluted EPS | -2.49 | -2.16 | -0.36 | -0.50 | -0.36 | -0.23 |
| Basic Shares Outstanding | 2.9M | 2.3M | 16.8M | 14.2M | 12.7M | 10.2M |
| Diluted Shares Outstanding | 2.9M | 2.3M | 16.8M | 14.2M | 12.7M | 10.2M |
| Breakdown | FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.40M | $4.17M | $9.72M | $5.92M | $8.64M |
| Accounts Receivable | $731.00K | $947.00K | $722.00K | $774.00K | $1.77M |
| Inventory | $1.49M | $2.38M | $2.06M | $2.42M | $2.85M |
| Other Current Assets | $255.00K | $238.00K | $300.00K | $320.00K | $1.51M |
| Total Current Assets | $4.88M | $7.73M | $12.80M | $9.43M | $14.77M |
| Property Plant & Equipment | $135.00K | $201.00K | $213.00K | $214.00K | $279.38K |
| Intangible Assets | $228.00K | $212.00K | $165.00K | $170.00K | $168.66K |
| Other Non-current Assets | $113.00K | $203.00K | $79.00K | $96.00K | $168.19K |
| Total Assets | $5.95M | $9.25M | $14.45M | $11.37M | $17.26M |
| Total Current Liabilities | $1.74M | $2.20M | $1.95M | $2.01M | $1.48M |
| Total Liabilities | $1.84M | $2.66M | $2.73M | $3.05M | $3.05M |
| Common Stock | $203.00K | $1.35M | $1.35M | $1.03M | $939.21K |
| Retained Earnings | $-53.17M | $-48.20M | $-42.22M | $-35.08M | $-21.93M |
| Total Stockholders Equity | $4.11M | $6.59M | $11.72M | $8.32M | $14.21M |
| Total Liabilities & Equity | $5.95M | $9.25M | $14.45M | $11.37M | $17.26M |
| Breakdown | TTM (Nov 30, 2025) |
FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-6.29M | $-4.97M | $-5.98M | $-7.14M | $-4.53M | $-2.34M |
| Depreciation & Amortization | $147.00K | $87.00K | $81.00K | $84.00K | $339.00K | $129.17K |
| Stock-based Compensation | $843.00K | $460.00K | $837.00K | $1.19M | $1.26M | - |
| Change in Receivables | $588.00K | $-209.00K | $215.00K | $291.00K | $-1.36M | $309.09K |
| Change in Inventory | $-894.00K | $-882.00K | $115.00K | $-534.00K | $-1.56M | $717.46K |
| Operating Cash Flow | $-5.37M | $-3.84M | $-5.36M | $-5.47M | $-479.00K | $-4.30M |
| Capital Expenditure | - | - | $51.00K | $64.00K | $57.00K | $33.61K |
| Investing Cash Flow | - | $-37.00K | $-115.00K | $-78.00K | $-170.00K | $-118.93K |
| Stock Issued | $4.51M | $2.14M | - | $10.01M | $2.40M | $10.23M |
| Financing Cash Flow | $4.43M | $2.11M | $-81.00K | $9.39M | $2.39M | $12.37M |
| Net Change in Cash | $-972.00K | $-1.77M | $-5.55M | $3.80M | $1.72M | $7.95M |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Nov 30, 2025
Condensed Consolidated Statements of Operations
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.21M | - | $2.59M | - |
| Cost of Revenue | $1.16M | - | $2.11M | - |
| Gross Profit | $51.00K | - | $477.00K | - |
| Operating Expenses | $1.42M | - | $2.97M | - |
| Research & Development | $193.00K | - | $405.00K | - |
| Selling General & Admin | $1.23M | - | $2.56M | - |
| Operating Income | $-1.37M | - | $-2.49M | - |
| Other Income/Expense | $58.00K | - | $1.18M | - |
| Income Before Tax | $-1.31M | - | $-1.31M | - |
| Income Tax Expense | $5.00K | - | $9.00K | - |
| Net Income | $-1.32M | $-1.32M | $-1.32M | - |
| Basic EPS | -0.45 | - | -0.48 | - |
| Diluted EPS | -0.45 | - | -0.48 | - |
| Basic Shares Outstanding | $2.91M | - | $2.77M | - |
| Diluted Shares Outstanding | $2.91M | - | $2.77M | - |
Condensed Consolidated Balance Sheets
| Description | Nov 30, 2025 | May 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $2.54M | $2.40M |
| Accounts Receivable | $947.00K | $731.00K |
| Inventory | $1.52M | $1.49M |
| Other Current Assets | $177.00K | $255.00K |
| Total Current Assets | $5.19M | $4.88M |
| Property Plant & Equipment | $105.00K | $135.00K |
| Intangible Assets | $219.00K | $228.00K |
| Other Non-current Assets | $90.00K | $113.00K |
| Total Assets | $6.03M | $5.95M |
| Total Current Liabilities | $1.60M | $1.74M |
| Total Liabilities | $1.60M | $1.84M |
| Common Stock | $236.00K | $203.00K |
| Retained Earnings | $-54.49M | $-53.17M |
| Total Stockholders Equity | $4.43M | $4.11M |
| Total Liabilities & Equity | $6.03M | $5.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.32M | $-1.32M | $-1.32M | - |
| Depreciation & Amortization | - | - | $40.00K | - |
| Stock-based Compensation | - | - | $250.00K | - |
| Change in Receivables | - | - | $285.00K | - |
| Change in Inventory | - | - | $-2.00K | - |
| Operating Cash Flow | - | - | $-1.26M | - |
| Stock Issued | - | - | $1.43M | - |
| Financing Cash Flow | - | - | $1.40M | - |
| Net Change in Cash | - | - | $144.00K | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.