v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2020
May 31, 2019
Current assets    
Cash and cash equivalents $ 2,925,568 $ 10,525,791
Accounts Receivable 161,409 163,571
Inventory 575,242 746,833
Prepaid expenses and other current assets 234,092 390,413
Interest receivable - current portion 3,322 0
Notes receivable - current portion 4,042,175 850,958
Total current assets 7,941,808 12,677,566
Investment 0 2,709
Note receivable 0 4,299,042
Interest receivable 0 178,258
Property, plant and equipment, net of accumulated depreciation of $868,200 and $546,408 3,775,509 1,910,301
Right of use assets, operating leases 1,403,429 0
Intangible assets, net of accumulated amortization of $242,389 and $116,476 1,421,204 1,525,087
Goodwill 557,896 25,742,899
Other assets 167,455 167,455
Total assets 15,267,301 46,503,317
Current liabilities    
Accounts payable and accrued liabilities 1,172,883 1,517,127
Accrued interest 222,433 474,800
Notes payable, net of discount 0 3,932,616
Lease liability - operating leases, current 336,900 0
Contingent liability 150,000 1,000,000
Total current liabilities 1,882,216 6,924,543
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,136,151 0
Convertible notes payable - Long Term, net of discount of $2,238,730 and $3,819,010 17,644,482 14,541,220
Total Liabilities 20,662,849 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 May 31, 2020 and 2019; 126,521,416 and 125,839,095 shares issued and outstanding at May 31, 2020 and 2019, respectively 12,653 12,585
Additional paid-in capital 71,196,814 70,758,025
Common stock subscribed 241,109 455,095
Accumulated deficit (76,846,124) (46,188,151)
Total stockholder's equity (deficit) (5,395,548) 25,037,554
Total liabilities and stockholders' equity (deficit) $ 15,267,301 $ 46,503,317

Source