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)

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 three months ended February 28, 2019 and 2018 was $20,952 and $108, respectively. 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