Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.20.1
Prepaid Expenses and Other Current Assets
 9 Months Ended
Feb. 29, 2020
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:


   

February 29,

2020

    

May 31,

2019

  

Deposits

   $ 75,303       211,493  

Prepaid expenses

     254,371       178,920  

Total

   $ 329,674     $ 390,413  

During the nine months ended February 29, 2020, 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 nine months ended February 29, 2020, the Company applied deposits in the amount of $136,190 to the acquisition of fixed assets. See note 9.