v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2022
May 31, 2021
Current assets    
Cash and cash equivalents $ 2,551,859 $ 1,665,263
Accounts Receivable 618,227 684,935
Inventory 3,417,602 1,228,052
Prepaid expenses and other current assets 295,869 262,313
Total current assets 6,883,557 3,840,563
Property, plant and equipment, net of accumulated depreciation of $2,073,449 and $1,434,614 4,342,434 3,475,668
Right of use assets, operating leases 2,154,517 2,250,009
Intangible assets, net of accumulated amortization of $473,308 and $358,403 1,190,285 1,305,190
Goodwill 557,896 557,896
Investments 469,575 0
Other assets 229,500 167,455
Total assets 15,827,764 11,596,781
Current liabilities    
Accounts payable and accrued liabilities 2,317,898 1,608,625
Accrued interest, current 419,206 267,945
Loan payable 1,013,073 0
Lease liability – financing lease, current 71,813 0
Lease liability - operating leases, current 309,597 287,125
Taxes Payable 4,531,782 2,490,295
Convertible notes payable - current, net of discount of $0 and $35,496 19,448,821 330,495
Total current liabilities 28,112,190 4,984,485
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,893,810 1,979,294
Lease liability – financing lease, non-current 277,180 0
Notes payable, net of discount of $1,681,434 and $0 2,693,566 0
Convertible notes payable - long term, net of discount of $0 and $0 0 19,729,822
Total Liabilities 32,976,746 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 May 31, 2022 and 2021; 128,208,082 and 127,221,416 shares issued and outstanding at May 31, 2022 and 2021 12,822 12,723
Additional paid-in capital 77,945,132 77,561,393
Common stock subscribed 70,092 65,702
Accumulated deficit (95,079,817) (92,736,638)
Stockholder's deficit attributable to CLS Holdings, Inc. (17,051,771) (15,096,820)
Non-controlling interest (97,211) 0
Total stockholder's deficit (17,148,982) (15,096,820)
Total liabilities and stockholders' deficit $ 15,827,764 $ 11,596,781

Source