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10. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
May 31, 2024
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

2024

 

2023

 

Current tax provision:

 

 

 

 

Federal

$ 2,365,000

 

$ 1,710,000

 

State

1,000

 

2,000

 

2,366,000

 

1,712,000

 

Deferred tax provision (benefit):

 

 

 

 

Federal

(444,000

)

(494,000

)

State

-

 

-

 

(444,000

)

(494,000

)

$ 1,922,000

 

$ 1,218,000