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

Quarterly report pursuant to Section 13 or 15(d)

Nature of Business and Significant Accounting Policies (Tables)

Nature of Business and Significant Accounting Policies (Tables)

6 Months Ended

Nov. 30, 2019

Nature of Business and Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

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

Disaggregation of Revenue [Table Text Block]

The following table represents a disaggregation of revenue for the three and six months ended November 30, 2019 and 2018:

	For the Six		For the Six		For the Three		For the Three
	Months Ended		Months Ended		Months Ended		Months Ended
	November 30, 2019		November 30, 2018		November 30, 2019		November 30, 2018
Cannabis Dispensary		4,398,262		2,459,973		2,312,362		1,683,266
Cannabis Production		1,517,184		696,290		744,069		293,644
		5,915,446		3,156,263		3,056,431		1,976,910

Estimated Useful LIfe [Member]

Nature of Business and Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Machinery & equipment		3 to 10
Leasehold improvements	Term of lease