CLS Holdings USA, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Intangible Assets (Tables)

Note 11 - Intangible Assets (Tables)

9 Months Ended

Feb. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

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

Intangible assets consisted of the following at February 28, 2019 and May 31, 2018.

February 28, 2019
						Accumulated
		Gross				Amortization				Net
Intellectual Property		$	319,600			$	(15,981	)		$	303,619
License & Customer Relations			990,000				(24,750	)			965,250
Tradenames - Trademarks			301,000				(15,051	)			285,949
Non-compete Agreements			27,000				(6,750	)			20,250
Domain Names			2,600				(324	)			2,276
Total		$	1,640,020			$	(62,856	)		$	1,577,344

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 nine months ended February 28, 2019 and 2018 was $62,856 and $324, respectively.

Amount to be amortized during the twelve months ended February 28,
2019		$	27,379
2020			164,103
2021			164,103
2022			164,103
2023			164,103
Thereafter			893,553
		$	1,577,344