v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 29, 2024
May 31, 2023
ASSETS    
Cash and cash equivalents $ 698,877 $ 998,421
Accounts Receivable 954,020 431,204
Inventory 2,385,724 3,012,932
Prepaid expenses and other current assets 82,911 148,953
Total current assets 4,121,532 4,591,510
Property, plant and equipment, net of accumulated depreciation of $3,162,030 and $2,687,146 2,488,853 2,913,077
Right of use assets, operating leases 1,578,759 1,641,577
Intangible assets, net of accumulated amortization of $172,156 and $588,217 185,837 209,088
Goodwill 557,896 557,896
Other assets 197,500 157,500
Total assets 9,130,377 10,070,648
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued liabilities 3,380,315 2,728,572
Accrued interest 3,600 634,594
Loans payable 0 471,380
Lease liability - operating leases, current 433,465 374,004
Lease liability - financing leases, current 98,210 86,887
Taxes Payable 8,132,683 6,752,457
Notes payable 1,190,703 1,439,584
Total current liabilities 13,531,467 16,340,529
Lease liability - operating leases, non-current 1,431,776 1,544,283
Lease liability - financing leases, non-current 124,767 200,280
Notes payable, non-current, net of discount of $37,072 and $1,291,887 1,809,483 2,033,077
Total Liabilities 20,645,066 23,871,220
Commitments and contingencies 0 0
Stockholder's deficit    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value; 345,000,000 shares authorized at February 29, 2024 and 187,500,000 at May 31, 2023; 137,675,276 shares and 72,543,141 issued and outstanding at February 29, 2024 and May 31, 2023, respectively 13,768 7,255
Additional paid-in capital 105,152,891 96,147,784
Common stock subscribed 65,702 65,702
Common stock receivable (592,848) 0
Accumulated deficit (115,014,703) (108,879,446)
Stockholder's deficit attributable to CLS Holdings, Inc. (10,375,190) (12,658,705)
Non-controlling interest (1,139,499) (1,141,867)
Total stockholder's deficit (11,514,689) (13,800,572)
Total liabilities and stockholders' deficit 9,130,377 10,070,648
Nonrelated Party [Member]    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Convertible notes payable - current 58,498 2,952,160
Convertible notes payable, related party - current 58,498 2,952,160
Convertible notes payable, non-current 2,001,587 2,852,159
Convertible notes payable, related party - non-current 2,001,587 2,852,159
Related Party [Member]    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Convertible notes payable - current 233,993 900,891
Convertible notes payable, related party - current 233,993 900,891
Convertible notes payable, non-current 1,745,986 900,892
Convertible notes payable, related party - non-current $ 1,745,986 $ 900,892

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