Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.20.4
Property, Plant and Equipment
 6 Months Ended
Nov. 30, 2020
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, 2020 and May 31, 2020.


   

November 30, 

2020

    

May 31,

2020

  

Office equipment

   $ 116,090     $ 94,887  

Furniture and fixtures

     145,103       144,025  

Machinery & Equipment

     1,776,316       1,741,830  

Leasehold improvements

     2,769,219       2,662,967  

Less: accumulated depreciation

     (1,151,948

)

     (868,200

)

Property, plant, and equipment, net

   $ 3,654,780     $ 3,775,509  

During the six months ended November 30, 2020 and 2019, the Company made payments in the amounts of $163,019 and $1,566,882, respectively, for property, plant, and equipment. Also, during the six months ended November 30, 2020 and 2019, the Company applied $0 and $136,190 of deposits to the acquisition of fixed assets. See note 6.


Depreciation of property, plant, and equipment was $142,856 and $57,644 for the three months ended November 30, 2020 and 2019 respectively. Depreciation of property, plant, and equipment was $283,748 and $113,180 for the six months ended November 30, 2020 and 2019 respectively.