v3.24.3
Consolidated Balance Sheets - USD ($)
Aug. 31, 2024
May 31, 2024
Current assets    
Cash and cash equivalents $ 521,349 $ 600,007
Cash - restricted 2,600,000 0
Accounts Receivable 1,214,129 682,894
Inventory 2,037,794 1,968,573
Prepaid expenses and other current assets 39,123 49,309
Total current assets 6,412,395 3,300,783
Property, plant and equipment, net of accumulated depreciation of $3,452,211 and $3,318,550 2,289,892 2,423,553
Right of use assets, operating leases 1,492,252 1,475,351
Intangible assets, net of accumulated amortization of $348,841 and $348,015 9,152 9,978
Goodwill 557,896 557,896
Other assets 157,500 157,500
Total assets 10,919,087 7,925,061
Current liabilities    
Accounts payable and accrued liabilities 4,277,801 3,356,059
Accrued interest 3,600 3,600
Lease liability - operating leases, current 470,850 443,467
Lease liability - financing leases, current 104,251 96,224
Taxes Payable 9,424,759 8,899,863
Total current liabilities 16,196,785 14,229,035
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,308,471 1,318,644
Lease liability - financing leases, non-current 68,612 100,252
Total Liabilities 22,419,946 20,833,859
Commitments and contingencies 0 0
Stockholder's deficit    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value; 345,000,000 shares authorized; 181,348,418 and 124,500,873 shares issued and outstanding at August 31, 2024 and May 31, 2024, respectively 18,135 12,450
Additional paid-in capital 103,742,716 101,519,599
Common stock subscribed 65,702 65,702
Accumulated deficit (114,187,913) (113,367,050)
Stockholder's deficit attributable to CLS Holdings, Inc. (10,361,360) (11,769,299)
Non-controlling interest (1,139,499) (1,139,499)
Total stockholder's deficit (11,500,859) (12,908,798)
Total liabilities and stockholders' deficit 10,919,087 7,925,061
Nonrelated Party [Member]    
Current liabilities    
Notes payable, current 125,107 139,345
Convertible notes payable - current 375,025 302,005
Noncurrent liabilities    
Notes payable, non-current 396,264 407,951
Convertible notes payable, non-current 3,610,456 3,699,426
Related Party [Member]    
Current liabilities    
Notes payable, current 1,415,392 988,472
Noncurrent liabilities    
Notes payable, non-current $ 839,358 $ 1,078,551

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