v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2022
May 31, 2021
Current assets    
Cash and cash equivalents $ 3,454,584 $ 1,665,263
Accounts Receivable 842,673 684,935
Inventory 2,342,608 1,228,052
Prepaid expenses and other current assets 268,698 262,313
Total current assets 6,908,563 3,840,563
Property, plant and equipment, net of accumulated depreciation of $1,883,803 and $1,434,614 3,192,354 3,475,668
Right of use assets, operating leases 2,238,685 2,250,009
Intangible assets, net of accumulated amortization of $444,575 and $358,403 1,219,018 1,305,190
Goodwill 557,896 557,896
Other assets 249,955 167,455
Total assets 14,366,471 11,596,781
Current liabilities    
Accounts payable and accrued liabilities 1,875,042 1,608,625
Accrued interest, current 325,456 267,945
Loan payable 280,000 0
Lease liability - operating leases, current 311,540 287,125
Taxes Payable 3,283,617 2,490,295
Convertible notes payable - current, net of discount of $0 and $35,496 19,448,821 330,495
Total current liabilities 25,524,476 4,984,485
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,970,464 1,979,294
Notes payable, net of discount of $1,876,208 and $0 2,498,792 0
Convertible notes payable - long term, net of discount of $0 and $0 0 19,729,822
Total Liabilities 29,993,732 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 February 28, 2022 and 2021; 128,158,082 and 127,221,416 shares issued and outstanding at February 28, 2022 and May 31, 2021 12,817 12,723
Additional paid-in capital 77,940,747 77,561,393
Common stock subscribed 74,482 65,702
Accumulated deficit (93,646,779) (92,736,638)
Stockholder's deficit attributable to CLS Holdings, Inc. (15,618,733) (15,096,820)
Non-controlling interest (8,528) 0
Total stockholder's deficit (15,627,261) (15,096,820)
Total liabilities and stockholders' deficit $ 14,366,471 $ 11,596,781

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