v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2022
May 31, 2022
Current assets    
Cash and cash equivalents $ 808,592 $ 2,551,859
Accounts Receivable 1,005,284 618,227
Inventory 4,875,656 3,417,602
Prepaid expenses and other current assets 287,248 295,869
Total current assets 6,976,780 6,883,557
Property, plant and equipment, net of accumulated depreciation of $2,493,182 and $2,073,449 4,061,177 4,342,434
Right of use assets, operating leases 2,027,195 2,154,517
Intangible assets, net of accumulated amortization of $530,768 and $473,308 1,132,825 1,190,285
Goodwill 557,896 557,896
Investments 558,421 469,575
Other assets 208,500 229,500
Total assets 15,522,794 15,827,764
Current liabilities    
Accounts payable and accrued liabilities 3,300,107 2,317,898
Accrued interest, current 317,850 419,206
Loan payable 1,439,000 1,013,073
Lease liability - financing leases, current 77,697 71,813
Lease liability - operating leases, current 352,162 309,597
Taxes Payable 5,567,558 4,531,782
Convertible notes payable - current, net of discount of $0 and $0 400,000 19,448,821
Total current liabilities 11,454,374 28,112,190
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,736,837 1,893,810
Lease liability - financing leases, non-current 236,803 277,180
Convertible notes payable, net of discount $0 and $0 7,506,102 0
Notes payable, net of discount of $1,291,887 and $1,681,434 3,083,113 2,693,566
Total Liabilities 24,017,229 32,976,746
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; 187,500,000 shares authorized at November 30, 2022 and May 31, 2022; 72,518,142 and 32,052,021 shares issued and outstanding at November 30, 2022 and May 31, 2022 7,253 3,206
Additional paid-in capital 96,142,740 77,954,748
Common stock subscribed 70,092 70,092
Accumulated deficit (104,444,249) (95,079,817)
Stockholder's deficit attributable to CLS Holdings, Inc. (8,224,164) (17,051,771)
Non-controlling interest (270,271) (97,211)
Total stockholder’s deficit (8,494,435) (17,148,982)
Total liabilities and stockholders’ deficit $ 15,522,794 $ 15,827,764

Source