v3.24.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2024
May 31, 2024
Current assets    
Cash and cash equivalents $ 592,584 $ 600,007
Accounts Receivable 1,152,082 682,894
Inventory 1,805,661 1,968,573
Prepaid expenses and other current assets 39,934 49,309
Total current assets 3,590,261 3,300,783
Property, plant and equipment, net of accumulated depreciation of $3,572,740 and $3,318,550 2,184,815 2,423,553
Right of use assets, operating leases 1,385,830 1,475,351
Intangible assets, net of accumulated amortization of $351,824 and $348,015 8,327 9,978
Goodwill 557,896 557,896
Other assets 157,500 157,500
Total assets 7,884,629 7,925,061
Current liabilities    
Accounts payable and accrued liabilities 4,400,037 3,356,059
Accrued interest 15,600 3,600
Due to related party 40,000 0
Lease liability - operating leases, current 484,601 443,467
Lease liability - financing leases, current 108,410 96,224
Taxes Payable 9,888,537 8,899,863
Convertible notes payable - current 126,043 302,005
Total current liabilities 16,706,488 14,229,035
Noncurrent liabilities    
Lease liability - operating leases, non-current 1,188,793 1,318,644
Lease liability - financing leases, non-current 39,899 100,252
Convertible notes payable, non-current 1,535,283 3,699,426
Total Liabilities 20,171,287 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; 164,734,517 and 124,500,873 shares issued and outstanding at November 30, 2024 and May 31, 2024, respectively 16,474 12,450
Additional paid-in capital 103,046,249 101,519,599
Common stock subscribed 65,702 65,702
Accumulated deficit (114,275,584) (113,367,050)
Stockholder's deficit attributable to CLS Holdings, Inc. (11,147,159) (11,769,299)
Non-controlling interest (1,139,499) (1,139,499)
Total stockholder's deficit (12,286,658) (12,908,798)
Total liabilities and stockholders' deficit 7,884,629 7,925,061
Nonrelated Party [Member]    
Current liabilities    
Notes payable, current 128,898 139,345
Convertible notes payable - current 126,043 302,005
Noncurrent liabilities    
Notes payable, non-current 34,702 407,951
Convertible notes payable, non-current 1,535,283 3,699,426
Related Party [Member]    
Current liabilities    
Due to related party 40,000  
Notes payable, current 1,514,362 988,472
Noncurrent liabilities    
Notes payable, non-current $ 666,122 $ 1,078,551

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