v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2022
May 31, 2021
Income Statement [Abstract]    
Revenue $ 22,662,895 $ 19,292,087
Cost of goods sold 11,123,857 9,644,761
Gross margin 11,539,038 9,647,326
Selling, general and administrative expenses 12,416,893 10,800,944
Impairment of note receivable 0 2,498,706
Total operating expenses 12,416,893 13,299,650
Operating loss (877,855) (3,652,324)
Other (income) expense:    
Interest expense, net 2,149,729 3,657,105
Gain on modification of operating leases 0 (14,889)
Loss on extinguishment of debt 0 6,105,679
Loss on equity investment 112,139 0
Gain on settlement of note receivable (2,740,820) 0
Total other (income) expense (478,952) 9,747,895
Income (Loss) before income taxes (398,903) (13,400,219)
Provision for income tax (2,041,487) (2,490,295)
Net income (loss) (2,440,390) (15,890,514)
Non-controlling interest 97,211 0
Net income (loss) attributable to CLS Holdings, Inc. $ (2,343,179) $ (15,890,514)
Net income (loss) per share - basic (in Dollars per share) $ (0.02) $ (0.13)
Net income (loss) per share - diluted (in Dollars per share) $ (0.02) $ (0.13)
Weighted average shares outstanding - basic (in Shares) 128,128,975 126,664,839
Weighted average shares outstanding - diluted (in Shares) 128,128,975 126,664,839

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