RIGHT TO USE ASSETS AND LIABILITIES - OPERATING LEASES (Tables)
|
6 Months Ended |
12 Months Ended |
Nov. 30, 2020 |
May 31, 2020 |
| Disclosure Text Block [Abstract] |
|
|
| Lessee, Operating Lease, Disclosure [Table Text Block] |
Right to use assets – operating leases are summarized below:
|
|
|
November 30,
2020
|
|
|
Amount at inception of leases
|
|
$
|
2,703,821
|
|
|
Amount amortized
|
|
|
(1,476,119
|
)
|
|
Balance – November 30, 2020
|
|
$
|
1,227,702
|
|
|
Right to use assets – operating leases are summarized below:
| |
|
May 31,
2020
|
|
|
Amount at inception of leases
|
|
$ |
2,703,821 |
|
|
Amount amortized
|
|
|
(1,300,392 |
)
|
|
Balance – May 31, 2020
|
|
$ |
1,403,429 |
|
|
| Lease, Cost [Table Text Block] |
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$
|
2,675,310
|
|
|
Amount amortized
|
|
|
(1,409,668
|
)
|
|
Balance – November 30, 2020
|
|
$
|
1,265,642
|
|
|
|
|
November 30,
2020
|
|
|
Warehouses and offices
|
|
$
|
1,265,642
|
|
|
Lease liability
|
|
$
|
1,265,642
|
|
|
Less: current portion
|
|
|
(176,275
|
)
|
|
Lease liability, non-current
|
|
$
|
1,089,367
|
|
|
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
2,675,310 |
|
|
Amount amortized
|
|
|
(1,202,259 |
)
|
|
Balance – May 31, 2020
|
|
$ |
1,473,051 |
|
| |
|
May 31,
2020
|
|
|
Warehouses and offices
|
|
$ |
1,473,051 |
|
|
Lease liability
|
|
$ |
1,473,051 |
|
|
Less: current portion
|
|
|
(336,900 |
)
|
|
Lease liability, non-current
|
|
$ |
1,136,151 |
|
|
| Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended November 30, 2021
|
|
$
|
268,577
|
|
|
Twelve months ended November 30, 2022
|
|
|
178,570
|
|
|
Twelve months ended November 30, 2023
|
|
|
167,234
|
|
|
Twelve months ended November 30, 2024
|
|
|
172,035
|
|
|
Twelve months ended November 30, 2025
|
|
|
176,980
|
|
|
Thereafter
|
|
|
810,327
|
|
|
Total
|
|
$
|
1,773,723
|
|
|
Less: Present value discount
|
|
|
(508,081
|
)
|
|
Lease liability
|
|
$
|
1,265,642
|
|
|
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended May 31, 2021
|
|
$ |
440,022 |
|
|
Twelve months ended May 31, 2022
|
|
|
184,172 |
|
|
Twelve months ended May 31, 2023
|
|
|
168,886 |
|
|
Twelve months ended May 31, 2024
|
|
|
169,617 |
|
|
Twelve months ended May 31, 2025
|
|
|
174,489 |
|
|
Thereafter
|
|
|
899,441 |
|
|
Total
|
|
$ |
2,036,627 |
|
|
Less: Present value discount
|
|
|
(563,576 |
)
|
|
Lease liability
|
|
$ |
1,473,051 |
|
|