v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2019
May 31, 2019
Current assets    
Cash and cash equivalents $ 5,907,899 $ 10,525,791
Accounts Receivable 229,932 163,571
Inventory 774,114 746,833
Prepaid expenses and other current assets 293,137 390,413
Notes receivable - current portion 1,275,411 850,958
Total current assets 8,480,493 12,677,566
Investment 0 2,709
Note receivable 4,049,589 4,299,042
Interest receivable 260,427 178,258
Property, plant and equipment, net of accumulated depreciation of $601,713 and $546,408 2,914,385 1,910,301
Right of use assets, operating leases 746,599 0
Intangible assets, net of accumulated amortization of $148,589 and $116,476 1,492,974 1,525,087
Goodwill 25,742,899 25,742,899
Other assets 167,455 167,455
Total assets 43,854,821 46,503,317
Current liabilities    
Accounts payable and accrued liabilities 1,042,818 1,517,127
Accrued interest 537,716 474,800
Notes payable, net of discount 1,347,053 3,932,616
Lease liability - operating leases, current 437,808 0
Contingent liability 1,000,000 1,000,000
Total current liabilities 4,365,395 6,924,543
Noncurrent liabilities    
Lease liability - operating leases, non-current 450,337 0
Convertible notes payable - Long Term, net of discount of $3,423,940 and $3,819,010 15,281,456 14,541,220
Total Liabilities 20,097,188 21,465,763
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 August 31, 2019 and May 31, 2019; 126,421,414 and 125,839,095 shares issued and outstanding at August 31, 2019 and May 31, 2019, respectively 12,643 12,585
Additional paid-in capital 71,174,324 70,758,025
Common stock subscribed 135,317 455,095
Accumulated deficit (47,564,651) (46,188,151)
Total stockholder's equity (deficit) 23,757,633 25,037,554
Total liabilities and stockholders' equity (deficit) $ 43,854,821 $ 46,503,317

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