CLS Holdings USA, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Nov. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following at November 30, 2018 and May 31, 2018.

November 30, 2018
						Accumulated
		Gross				Amortization				Net
Intellectual Property		$	319,600			$	(13,317	)		$	306,283
License & Customer Relations			990,000				(20,624	)			969,376
Tradenames - Trademarks			301,000				(12,542	)			288,458
Non-compete Agreements			27,000				(5,626	)			21,374
Domain Names			4,482				(2,060	)			2,422
Total		$	1,642,082			$	(54,169	)		$	1,587,913

May 31, 2018
						Accumulated
		Gross				Amortization				Net
Intellectual Property		$	-			$	-			$	-
License & Customer Relations			-				-				-
Tradenames - Trademarks			-				-	)			-
Non-compete Agreements			-				-				-
Domain names			1,726				(828	)			898
Total		$	1,726			$	(828	)		$	898

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Total amortization expense charged to operations for the six months ended November 30, 2018 and 2017 was $52,364 and $216, respectively.

Amount to be amortized during the twelve months ended November 30,
2019		$	127,120
2020			119,796
2021			111,560
2022			111,560
2023			111,560
Thereafter			1,006,317
		$	1,587,913