v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2020
May 31, 2019
Income Statement [Abstract]    
Revenue $ 11,917,629 $ 8,459,048
Cost of goods sold 5,959,286 4,836,166
Gross margin 5,958,343 3,622,882
Selling, general and administrative expenses 8,776,876 26,472,057
Impairment of goodwill 25,185,003 0
Total operating expenses 33,961,879 26,472,057
Operating loss (28,003,536) (22,849,175)
Other (income) expense:    
Interest expense, net 2,941,131 4,447,993
Gain on settlement of liabilities (275,000) 0
Gain on modification of operating leases (28,511) 0
Loss on disposal of assets 16,817 0
Loss on revaluation of contingent liability 0 321,889
Total other expense 2,654,437 4,769,882
Loss before income taxes (30,657,973) (27,619,057)
Income tax expense 0 0
Net loss $ (30,657,973) $ (27,619,057)
Net loss per share - basic (in Dollars per share) $ (0.24) $ (0.27)
Net loss per share - diluted (in Dollars per share) $ (0.24) $ (0.27)
Weighted average shares outstanding - basic (in Shares) 126,390,105 102,869,612
Weighted average shares outstanding - diluted (in Shares) 126,390,105 102,869,612

Source