v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2021
May 31, 2020
Current assets    
Cash and cash equivalents $ 2,231,934 $ 2,925,568
Accounts Receivable 277,437 161,409
Inventory 969,656 575,242
Prepaid expenses and other current assets 393,041 234,092
Interest receivable - current portion 0 3,322
Notes receivable - current portion 0 4,042,175
Total current assets 3,872,068 7,941,808
Property, plant and equipment, net of accumulated depreciation of $1,291,937 and $868,200 3,533,038 3,775,509
Right of use assets, operating leases 1,136,695 1,403,429
Intangible assets, net of accumulated amortization of $330,207 and $242,908 1,333,905 1,421,204
Goodwill 557,896 557,896
Other assets 167,455 167,455
Total assets 10,601,057 15,267,301
Current liabilities    
Accounts payable and accrued liabilities 1,179,748 1,172,883
Accrued interest 267,945 222,433
Lease liability - operating leases, current 93,532 336,900
Convertible notes payable - current, net of discount of $1,053,520 and $0 19,042,293 0
Contingent liability 0 150,000
Total current liabilities 20,583,518 1,882,216
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,065,208 1,136,151
Convertible notes payable - Long Term, net of discount of $0 and $2,238,730 0 17,644,482
Total Liabilities 21,648,726 20,662,849
Commitments and contingencies 0 0
Stockholder's deficit    
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 February 28, 2021 and May 31, 2020; 126,821,416 and 126,521,416 shares issued and outstanding at February 28, 2021 and May 31, 2020 12,683 12,653
Additional paid-in capital 71,319,504 71,196,814
Common stock subscribed 173,452 241,109
Accumulated deficit (82,553,308) (76,846,124)
Total stockholder's deficit (11,047,669) (5,395,548)
Total liabilities and stockholders' deficit $ 10,601,057 $ 15,267,301

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