v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2021
May 31, 2021
Current assets    
Cash and cash equivalents $ 1,961,091 $ 1,665,263
Accounts Receivable 524,629 684,935
Inventory 1,682,520 1,228,052
Prepaid expenses and other current assets 309,547 262,313
Total current assets 4,477,787 3,840,563
Property, plant and equipment, net of accumulated depreciation of $1,582,492 and $1,434,614 3,420,769 3,475,668
Right of use assets, operating leases 2,179,746 2,250,009
Intangible assets, net of accumulated amortization of $387,837 and $358,403 1,275,756 1,305,190
Goodwill 557,896 557,896
Other assets 167,455 167,455
Total assets 12,079,409 11,596,781
Current liabilities    
Accounts payable and accrued liabilities 1,378,832 1,608,625
Accrued interest 264,198 267,945
Lease liability - operating leases, current 295,598 287,125
Taxes Payable 2,818,635 2,490,295
Convertible notes payable - current, net of discount of $14,199 and $35,496 351,792 330,495
Total current liabilities 5,109,055 4,984,485
Lease liability - operating leases, non-current 1,909,753 1,979,294
Convertible notes payable - Long Term, net of discount of $0 and $0 19,448,822 19,729,822
Total Liabilities 26,467,630 26,693,601
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 August 31, 2021 and May 31, 2021; 128,158,082 and 127,221,416 shares issued and outstanding at August 31, 2021 and May 31, 2021 12,817 12,723
Additional paid-in capital 77,842,299 77,561,393
Common stock subscribed 65,702 65,702
Accumulated deficit (92,309,039) (92,736,638)
Total stockholder's deficit (14,388,221) (15,096,820)
Total liabilities and stockholders' deficit $ 12,079,409 $ 11,596,781

Source