Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.19.3.a.u2
Property, Plant and Equipment
 6 Months Ended
Nov. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 9 – Property, Plant and Equipment


Property, plant and equipment consisted of the following at November 30, 2019 and May 31, 2019.


   

November 30, 

2019

    

May 31,

2019

  

Office equipment

     53,152       53,152  

Furniture and fixtures

     141,984       140,701  

Machinery & Equipment

     1,177,345       969,196  

Leasehold improvements

   $ 2,787,804     $ 1,293,660  

Less: accumulated depreciation

     (660,092

)

     (546,408

)

Property, plant, and equipment, net

   $ 3,500,193     $ 1,910,301  

During the six months ended November 30, 2019 and 2018, the Company made payments in the amount of $1,566,882 and $35,095, respectively, for property, plant, and equipment. In addition, during the six months ended November 30, 2018, the Company acquired plant, property, and equipment in the amount of $933,142 with the acquisition of Alternative Solutions. See note 3. Also during the six months ended November 30, 2019, the Company applied $136,190 of deposits to the acquisition of fixed assets. See note 6.


Depreciation of property, plant, and equipment was $57,644 and $48,658 for the three months ended November 30, 2019 and 2018 respectively. Depreciation of property, plant, and equipment was $113,180 and $76,167 for the six months ended November 30, 2019 and 2018, respectively.