v3.19.3.a.u2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2019
May 31, 2019
Current assets    
Cash and cash equivalents $ 4,937,013 $ 10,525,791
Accounts Receivable 273,788 163,571
Inventory 600,956 746,833
Prepaid expenses and other current assets 298,326 390,413
Notes receivable - current portion 1,950,342 850,958
Interest receivable – current portion 341,704 0
Total current assets 8,402,129 12,677,566
Investment 0 2,709
Note receivable 3,374,658 4,299,042
Interest receivable 0 178,258
Property, plant and equipment, net of accumulated depreciation of $660,092 and $546,408 3,500,193 1,910,301
Right of use assets, operating leases 657,334 0
Intangible assets, net of accumulated amortization of $174,793 and $116,476 1,466,770 1,525,087
Goodwill 25,742,899 25,742,899
Other assets 167,455 167,455
Total assets 43,311,438 46,503,317
Current liabilities    
Accounts payable and accrued liabilities 1,014,098 1,517,127
Accrued interest 559,485 474,800
Notes payable, net of discount 1,360,384 3,932,616
Lease liability - operating leases, current 444,492 0
Contingent liability 1,000,000 1,000,000
Total current liabilities 4,378,459 6,924,543
Noncurrent liabilities    
Lease liability - operating leases, non-current 344,658 0
Convertible notes payable - Long Term, net of discount of $3,028,869 and $3,819,010 16,059,482 14,541,220
Total Liabilities 20,782,599 21,465,763
Commitments and contingencies 0 0
Stockholder's equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value; 750,000,000 shares authorized at November 30, 2019 and May 31, 2019; 126,421,414 and 125,839,095 shares issued and outstanding at November 30, 2019 and May 31, 2019, respectively 12,643 12,585
Additional paid-in capital 71,174,324 70,758,025
Common stock subscribed 188,497 455,095
Accumulated deficit (48,846,625) (46,188,151)
Total stockholder's equity 22,528,839 25,037,554
Total liabilities and stockholders' equity $ 43,311,438 $ 46,503,317

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