Nature of Business and Significant Accounting Policies (Tables)
|
6 Months Ended |
Nov. 30, 2022 |
|---|
| 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 November 30, 2022 and May 31, 2022:
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|
November 30,
2022
|
|
|
May 31,
2022
|
|
|
Office equipment
|
|
$ |
136,476 |
|
|
$ |
132,859 |
|
|
Furniture and fixtures
|
|
|
148,358 |
|
|
|
148,358 |
|
|
Machinery & Equipment
|
|
|
2,557,078 |
|
|
|
2,447,715 |
|
|
Leasehold improvements
|
|
|
3,712,447 |
|
|
|
3,686,951 |
|
|
Less: accumulated depreciation
|
|
|
(2,493,182 |
)
|
|
|
(2,073,449 |
)
|
|
Property, plant, and equipment, net
|
|
$ |
4,061,177 |
|
|
$ |
4,342,434 |
|
|
| Disaggregation of Revenue [Table Text Block] |
The following table represents a disaggregation of revenue for the three and six months ended November 30, 2022 and 2021:
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For the Three
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|
|
For the Three
|
|
| |
|
Months Ended
|
|
|
Months Ended
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|
| |
|
November 30, 2022
|
|
|
November 30, 2021
|
|
|
Cannabis Dispensary
|
|
|
3,792,804 |
|
|
|
3,591,399 |
|
|
Cannabis Production
|
|
|
2,281,373 |
|
|
|
1,822,603 |
|
| |
|
$ |
6,074,177 |
|
|
$ |
5,414,002 |
|
| |
|
For the Six
|
|
|
For the Six
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
November 30, 2022
|
|
|
November 30, 2021
|
|
|
Cannabis Dispensary
|
|
|
7,681,361 |
|
|
|
7,336,974 |
|
|
Cannabis Production
|
|
|
4,437,743 |
|
|
|
3,577,738 |
|
| |
|
$ |
12,119,104 |
|
|
$ |
10,914,712 |
|
|
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The following is a reconciliation for the calculation of basic and diluted earnings per share for the three and six months ended November 30, 2022 and 2021:
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|
For the Three Months Ended November 30,
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|
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|
2022
|
|
|
2021
|
|
| |
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to CLS Holdings, Inc.
|
|
$ |
(8,215,954 |
)
|
|
$ |
(345,472 |
)
|
|
Weighted average number of common shares outstanding
|
|
|
65,847,863 |
|
|
|
32,039,520 |
|
|
Dilutive effect of shares issuable
|
|
|
- |
|
|
|
- |
|
|
Diluted weighted average number of common shares outstanding
|
|
|
65,847,863 |
|
|
|
32,039,520 |
|
|
Basic earnings (loss) per share
|
|
$ |
(0.12 |
)
|
|
$ |
(0.01 |
)
|
|
Diluted earnings (loss) per share
|
|
$ |
(0.12 |
)
|
|
$ |
(0.01 |
)
|
| |
|
For the Six Months Ended November 30,
|
|
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|
2022
|
|
|
2021
|
|
| |
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to CLS Holdings, Inc.
|
|
$ |
(9,364,432 |
)
|
|
$ |
82,127 |
|
|
Weighted average number of common shares outstanding
|
|
|
48,857,603 |
|
|
|
32,017,767 |
|
|
Dilutive effect of shares issuable
|
|
|
- |
|
|
|
17,500 |
|
|
Diluted weighted average number of common shares outstanding
|
|
|
48,857,603 |
|
|
|
32,035,267 |
|
|
Basic earnings (loss) per share
|
|
$ |
(0.19 |
)
|
|
$ |
0.00 |
|
|
Diluted earnings (loss) per share
|
|
$ |
(0.19 |
)
|
|
$ |
0.00 |
|
|
| 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:
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Years
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|
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Office equipment
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|
|
3 to 5 |
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Furniture & fixtures
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|
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3 to 7 |
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|
Machinery & equipment
|
|
|
3 to 10 |
|
|
Leasehold improvements
|
|
Term of lease |
|
|