v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2021
May 31, 2020
Income Statement [Abstract]    
Revenue $ 19,292,087 $ 11,917,629
Cost of goods sold 9,644,761 5,959,286
Gross margin 9,647,326 5,958,343
Selling, general and administrative expenses 10,800,944 8,776,876
Impairment of note receivable 2,498,706 0
Impairment of goodwill 0 25,185,003
Total operating expenses 13,299,650 33,961,879
Operating loss (3,652,324) (28,003,536)
Other (income) expense:    
Interest expense, net 3,657,105 2,941,131
Loss on extinguishment of debt 6,105,679 0
Gain on settlement of liabilities 0 (275,000)
Gain on modification of operating leases (14,889) (28,511)
Loss on disposal of assets 0 16,817
Total other expense 9,747,895 2,654,437
Income (Loss) before income taxes (13,400,219) (30,657,973)
Provision for income taxes (2,490,295) 0
Net income (loss) $ (15,890,514) $ (30,657,973)
Net loss per share - basic (in Dollars per share) $ (0.13) $ (0.24)
Net loss per share - diluted (in Dollars per share) $ (0.13) $ (0.24)
Weighted average shares outstanding - basic (in Shares) 126,664,839 126,390,105
Weighted average shares outstanding - diluted (in Shares) 126,664,839 126,390,105

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