CLS Holdings USA, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Nature of Business and Significant Accounting Policies (Tables)

Nature of Business and Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Nov. 30, 2020

May 31, 2020

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, 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

Property, plant and equipment consisted of the following at May 31, 2020 and 2019:

	May 31,			May 31,
	2020			2019
Office equipment	$	94,887		$	53,152
Furniture & fixtures		144,025			140,701
Machinery & equipment		1,741,830			969,196
Leasehold improvements		2,662,967			1,293,660
Less: accumulated depreciation		(868,200	)		(546,408	)
Property and equipment, net	$	3,775,509		$	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, 2020 and 2019:

	For the Six		For the Six		For the Three		For the Three
	Months Ended		Months Ended		Months Ended		Months Ended
	November 30, 2020		November 30, 2019		November 30, 2020		November 30, 2019
Cannabis Dispensary		6,818,499		4,398,262		3,732,974		2,312,362
Cannabis Production		1,870,259		1,517,184		1,174,915		744,069
		8,688,758		5,915,446		4,907,889		3,056,431

The following table represents a disaggregation of revenue for the years ended May 31, 2020 and 2019:

	2020		2019
Cannabis Dispensary	$	9,365,105	$	5,492,312
Cannabis Production		2,552,524		2,966,736
	$	11,917,629	$	8,459,048

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

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