CLS Holdings USA, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Nature of Business and Significant Accounting Policies (Tables)

Nature of Business and Significant Accounting Policies (Tables)

9 Months Ended

Feb. 29, 2020

Nature of Business and Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

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

Disaggregation of Revenue [Table Text Block]

The following table represents a disaggregation of revenue for the three and nine months ended February 29, 2020 and February 28, 2019:

	For the Nine		For the Nine		For the Three		For the Three
	Months Ended		Months Ended		Months Ended		Months Ended
	February 29, 2020		February 28, 2019		February 29, 2020		February 28, 2019
Cannabis Dispensary		7,035,268		3,574,662		2,637,006		1,114,689
Cannabis Production		2,104,348		1,954,391		587,164		1,258,101
		9,139,616		5,529,053		3,224,170		2,372,790

Estimated Useful LIfe [Member]

Nature of Business and Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Machinery & equipment		3 to 10
Leasehold improvements	Term of lease