RIGHT TO USE ASSETS AND LIABILITIES - OPERATING LEASES (Tables)
|
9 Months Ended |
12 Months Ended |
Feb. 28, 2021 |
May 31, 2020 |
| Disclosure Text Block [Abstract] |
|
|
| Lessee, Operating Lease, Disclosure [Table Text Block] |
Right to use assets – operating leases are summarized below:
| |
|
February 28,
2021
|
|
|
Amount at inception of leases
|
|
$ |
2,703,821 |
|
|
Amount amortized
|
|
|
(1,567,126 |
)
|
|
Balance – February 28, 2021
|
|
$ |
1,136,695 |
|
|
Right to use assets – operating leases are summarized below:
| |
|
May 31,
2020
|
|
|
Amount at inception of leases
|
|
$ |
2,703,821 |
|
|
Amount amortized
|
|
|
(1,300,392 |
)
|
|
Balance – May 31, 2020
|
|
$ |
1,403,429 |
|
|
| Lease, Cost [Table Text Block] |
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
2,675,310 |
|
|
Amount amortized
|
|
|
(1,516,570 |
)
|
|
Balance – February 28, 2021
|
|
$ |
1,158,740 |
|
| |
|
February 28,
2021
|
|
|
Warehouses and offices
|
|
$ |
1,158,740 |
|
|
Lease liability
|
|
$ |
1,158,740 |
|
|
Less: current portion
|
|
|
(93,532 |
)
|
|
Lease liability, non-current
|
|
$ |
1,065,208 |
|
|
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
2,675,310 |
|
|
Amount amortized
|
|
|
(1,202,259 |
)
|
|
Balance – May 31, 2020
|
|
$ |
1,473,051 |
|
| |
|
May 31,
2020
|
|
|
Warehouses and offices
|
|
$ |
1,473,051 |
|
|
Lease liability
|
|
$ |
1,473,051 |
|
|
Less: current portion
|
|
|
(336,900 |
)
|
|
Lease liability, non-current
|
|
$ |
1,136,151 |
|
|
| Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended February 28, 2022
|
|
$ |
182,858 |
|
|
Twelve months ended February 28, 2023
|
|
|
173,710 |
|
|
Twelve months ended February 29, 2024
|
|
|
168,408 |
|
|
Twelve months ended February 28, 2025
|
|
|
173,244 |
|
|
Twelve months ended February 28, 2026
|
|
|
178,225 |
|
|
Thereafter
|
|
|
765,722 |
|
|
Total
|
|
$ |
1,642,167 |
|
|
Less: Present value discount
|
|
|
(483,427 |
)
|
|
Lease liability
|
|
$ |
1,158,740 |
|
|
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended May 31, 2021
|
|
$ |
440,022 |
|
|
Twelve months ended May 31, 2022
|
|
|
184,172 |
|
|
Twelve months ended May 31, 2023
|
|
|
168,886 |
|
|
Twelve months ended May 31, 2024
|
|
|
169,617 |
|
|
Twelve months ended May 31, 2025
|
|
|
174,489 |
|
|
Thereafter
|
|
|
899,441 |
|
|
Total
|
|
$ |
2,036,627 |
|
|
Less: Present value discount
|
|
|
(563,576 |
)
|
|
Lease liability
|
|
$ |
1,473,051 |
|
|