Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.19.2
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
May 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 10 – PROPERTY, PLANT AND EQUIPMENT


Property, plant and equipment consisted of the following at May 31, 2019 and 2018.


   

May 31,

    

May 31,

  
   

2019

    

2018

  

Office equipment

   $ 53,152     $ 2,674  

Furniture & fixtures

     140,701       -  

Machinery & equipment

     969,196       -  

Leasehold improvements

     1,293,660       -  

Less: accumulated depreciation

     (546,408

)

     (2,674

)

Property and equipment, net 

   $ 1,910,301     $ -  

During the year ended May 31, 2019, the Company acquired property, plant, and equipment with an aggregate fair value of $933,142 with the acquisition of Alternative Solutions. See note 4. The Company also made payments in the amount of $1,037,262 for property and equipment during the year ended May 31, 2019.


Depreciation expense totaled $173,277 and $890 for the years ended May 31, 2019 and 2018, respectively.