Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.20.1
Property, Plant and Equipment
 9 Months Ended
Feb. 29, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 9 – Property, Plant and Equipment


Property, plant and equipment consisted of the following at February 29, 2020 and May 31, 2019.


   

February 29, 

2020

    

May 31,

2019

  

Office equipment

     73,810       53,152  

Furniture and fixtures

     144,019       140,701  

Machinery & Equipment

     1,241,060       969,196  

Leasehold improvements

   $ 2,900,244     $ 1,293,660  

Less: accumulated depreciation

     (745,196

)

     (546,408

)

Property, plant, and equipment, net

   $ 3,613,937     $ 1,910,301  

During the nine months ended February 29, 2020 and February 28, 2019, the Company made payments in the amount of $1,766,185 and $735,234, respectively, for property, plant, and equipment. In addition, during the nine months ended February 28, 2019, the Company acquired plant, property, and equipment in the amount of $933,142 with the acquisition of Alternative Solutions. See note 3. Also, during the nine months ended February 29, 2020, the Company applied $136,190 of deposits to the acquisition of fixed assets. See note 6.


Depreciation of property, plant, and equipment was $87,025 and $45,045 for the three months ended February 29, 2020 and February 28, 2019 respectively. Depreciation of property, plant, and equipment was $198,788 and $121,212 for the nine months ended February 29, 2020 and February 28, 2019, respectively.