Quarterly report pursuant to Section 13 or 15(d)

Right to Use Assets and Liabilities - Operating Leases (Tables)

v3.19.3.a.u2
Right to Use Assets and Liabilities - Operating Leases (Tables)
6 Months Ended
Nov. 30, 2019
Disclosure Text Block [Abstract]  
Lessee, Operating Lease, Disclosure [Table Text Block]
Right to use assets – operating leases are summarized below:

   

November 30,

2019

 

Amount at inception of leases

  $ 1,781,446  

Amount amortized

    (1,124,112

)

Balance – November 30, 2019

  $ 657,334  
Lease, Cost [Table Text Block]
Operating lease liabilities are summarized below:

Amount at inception of leases

  $ 1,781,446  

Amount amortized

    (992,296

)

Balance – November 30, 2019

  $ 789,150  
   

November 30,

2019

 

Warehouses and offices 

  $ 789,150  

Lease liability

  $ 789,150  

Less: current portion

    (444,492

)

Lease liability, non-current

  $ 344,658  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Maturity analysis under these lease agreements is as follows:

Twelve months ended November 30, 2020

  $ 491,206  

Twelve months ended November 30, 2021

    196,085  

Twelve months ended November 30, 2022

    112,073  

Twelve months ended November 30, 2023

    66,507  

Twelve months ended November 30, 2024

    -  

Thereafter

    -  

Total

  $ 865,871  

Less: Present value discount

    (76,720

)

Lease liability

  $ 789,150