v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2020
May 31, 2020
Current assets    
Cash and cash equivalents $ 2,805,516 $ 2,925,568
Accounts Receivable 281,827 161,409
Inventory 1,388,400 575,242
Prepaid expenses and other current assets 297,320 234,092
Interest receivable - current portion 0 3,322
Notes receivable - current portion 2,656,224 4,042,175
Total current assets 7,429,287 7,941,808
Property, plant and equipment, net of accumulated depreciation of $1,151,948 and $868,200 3,654,780 3,775,509
Right of use assets, operating leases 1,227,702 1,403,429
Intangible assets, net of accumulated amortization of $301,491 and $242,908 1,362,621 1,421,204
Goodwill 557,896 557,896
Other assets 167,455 167,455
Total assets 14,399,741 15,267,301
Current liabilities    
Accounts payable and accrued liabilities 1,430,765 1,172,883
Accrued interest 267,945 222,433
Lease liability - operating leases, current 176,275 336,900
Convertible notes payable - current, net of discount of $1,448,590 and $0 5,147,073 0
Contingent liability 150,000 150,000
Total current liabilities 7,172,058 1,882,216
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,089,367 1,136,151
Convertible notes payable - Long Term, net of discount of $0 and $2,238,730 13,500,150 17,644,482
Total Liabilities 21,761,575 20,662,849
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, 2020 and May 31, 2020; 126,571,416 and 126,521,416 shares issued and outstanding at November 30, 2020 and May 31, 2020 12,658 12,653
Additional paid-in capital 71,211,779 71,196,814
Common stock subscribed 254,265 241,109
Accumulated deficit (78,840,536) (76,846,124)
Total stockholder's equity (deficit) (7,361,834) (5,395,548)
Total liabilities and stockholders' equity (deficit) $ 14,399,741 $ 15,267,301

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