Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Property, Plant and Equipment

v3.19.1
Note 10 - Property, Plant and Equipment
 9 Months Ended
Feb. 28, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 10 – Property, Plant and Equipment


Property, plant and equipment consisted of the following at February 28, 2019 and May 31, 2018.


   

February 28, 

    

May 31,

  
   

2019

    

2018

  

Office equipment

     1,217,563       2,674  

Furniture and fixtures

     59,617       -  

Leasehold improvements

   $ 764,423     $ -  

Less: accumulated depreciation

     (494,439

)

     (2,674

)

Property, plant, and equipment, net

   $ 1,547,164     $ -  

During the nine months ended February 28, 2019, 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 $45,045 and $223 for the three months ended February 28, 2019 and 2018 respectively. Depreciation of property, plant, and equipment was $121,212 and $669 for the nine months ended February 28, 2019 and 2018 respectively.