General form of registration statement for all companies including face-amount certificate companies

PROPERTY, PLANT AND EQUIPMENT

v3.19.1
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended 12 Months Ended
Nov. 30, 2018
May 31, 2018
Property, Plant and Equipment [Abstract]    
Property, Plant and Equipment Disclosure [Text Block]

Note 9 – Property, Plant and Equipment


Property, plant and equipment consisted of the following at November 30, 2018 and May 31, 2018.


   

November 30,

   

May 31,

  
   

2018

    

2018

  

Office equipment

     135,138       2,674  

Furniture and fixtures

     30,895       -  

Leasehold improvements

   $ 802,204     $ -  

Less: accumulated depreciation

     (76,167

)

     (2,674

)

Property, plant, and equipment, net

   $ 892,070     $ -  

During the six months ended November 30 2018, the Company acquired property, plant, and equipment with an aggregate fair value of $933,142 with the acquisition of Alternative Solutions, LLC. See note 3.


Depreciation of property, plant, and equipment was $48,658 and $223 for the three months ended November 30, 2018 and 2017 respectively. Depreciation of property , plant, and equipment was $76,167 and $446 for the six months ended November 30, 2018 and 2017 respectively.

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT


Property, plant and equipment consisted of the following at May 31, 2018 and 2017.


   

May 31,

    

May 31,

  
   

2018

    

2017

  

Computer equipment

   $ 2,674     $ 2,674  

Property and equipment, gross 

     2,674       2,674  

Less: accumulated depreciation

     (2,674

)

     (1,784

)

Property and equipment, net 

   $ -     $ 890  

Depreciation expense totaled $890 and $892 for the years ended May 31, 2018 and 2017, respectively.