Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

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Prepaid Expenses and Other Current Assets
 6 Months Ended
Nov. 30, 2019
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

Note 6 – Prepaid Expenses and Other Current Assets


Prepaid expenses and other current assets consisted of the following:


   

November 30,

2019

    

May 31,

2019

  

Deposits

   $ 75,303       211,493  

Prepaid expenses

     223,023       178,920  

Total

   $ 298,326     $ 390,413  

During the six months ended November 30, 2019, the Company charged the amount of $101,512 as a reserve against a receivable from a payment card company in connection with the processing of its payment card sales. Also during the six months ended November 30, 2019, the Company applied deposits in the amount of $136,190 to the acquisition of fixed assets. See note 9.