Quarterly report pursuant to Section 13 or 15(d)

Right to Use Assets and Liabilities - Operating Leases (Tables)

v3.20.1
Right to Use Assets and Liabilities - Operating Leases (Tables)
 9 Months Ended
Feb. 29, 2020
Disclosure Text Block [Abstract]  
Lessee, Operating Lease, Disclosure [Table Text Block]
Right to use assets – operating leases are summarized below:

   

February 29,

2020

  

Amount at inception of leases

   $ 1,781,446  

Amount amortized

     (1,215,397

)

Balance – February 29, 2020

   $ 566,049  
Lease, Cost [Table Text Block]
Operating lease liabilities are summarized below:

Amount at inception of leases

   $ 1,781,446  

Amount amortized

     (1,101,532

)

Balance – February 29, 2020

   $ 679,914  
   

February 29,

2020

  

Warehouses and offices 

   $ 679,914  

Lease liability

   $ 679,914  

Less: current portion

     (443,063

)

Lease liability, non-current

   $ 236,851  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Maturity analysis under these lease agreements is as follows:

Twelve months ended February 28, 2021

   $ 443,063  

Twelve months ended February 28, 2022

     147,767  

Twelve months ended February 28, 2023

     122,128  

Twelve months ended February 29, 2024

     43,677  

Twelve months ended February 28, 2025

     -  

Thereafter

     -  

Total

   $ 756,635  

Less: Present value discount

     (76,721

)

Lease liability

   $ 679,914