Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.21.4
Property, Plant and Equipment
 6 Months Ended
Nov. 30, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 8 – Property, Plant and Equipment

 

Property, plant and equipment consisted of the following at November 30, 2021 and May 31, 2021.

 

   

November 30,

2021

    

May 31,

2021

  

Office equipment

   $ 126,824     $ 120,068  

Furniture and fixtures

     148,358       145,103  

Machinery & Equipment

     1,927,801       1,823,094  

Leasehold improvements

     2,852,314       2,822,017  

Less: accumulated depreciation

     (1,732,920

)

     (1,434,614

)

Property, plant, and equipment, net

   $ 3,322,377     $ 3,475,668  

 

The Company made payments in the amounts of $145,015 and $163,019 for property and equipment during the six months ended November 30, 2021 and 2020, respectively.

 

Depreciation of property, plant, and equipment was $150,428 and $142,856 for the three months ended November 30, 2021 and 2020 respectively. Depreciation of property, plant, and equipment was $298,306 and $283,748 for the six months ended November 30, 2021 and 2020 respectively.