Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.22.1
Property, Plant and Equipment
9 Months Ended
Feb. 28, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 8 Property, Plant and Equipment

 

Property, plant and equipment consisted of the following at February 28, 2022 and May 31, 2021.

 

   

February 28,

2022

   

May 31,

2021

 

Office equipment

  $ 126,824     $ 120,068  

Furniture and fixtures

    148,358       145,103  

Machinery & Equipment

    1,950,500       1,823,094  

Leasehold improvements

    2,850,475       2,822,017  

Less: accumulated depreciation

    (1,883,803

)

    (1,434,614

)

Property, plant, and equipment, net

  $ 3,192,354     $ 3,475,668  

 

The Company made payments in the amounts of $165,875 and $181,266 for property and equipment during the nine months ended February 28, 2022 and 2021, respectively.

 

Depreciation of property, plant, and equipment was $150,883 and $139,989 for the three months ended February 28, 2022 and 2021 respectively. Depreciation of property, plant, and equipment was $449,189 and $423,737 for the nine months ended February 28, 2022 and 2021, respectively.