Nature of Business and Significant Accounting Policies (Tables)
|
6 Months Ended |
Nov. 30, 2021 |
|---|
| 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, 2021 and May 31, 2021.
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|
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 |
|
|
| Disaggregation of Revenue [Table Text Block] |
The following table represents a disaggregation of revenue for the three and six months ended November 30, 2021 and 2020:
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For the Six
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|
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For the Six
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|
| |
|
Months Ended
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|
|
Months Ended
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|
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November 30, 2021
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|
|
November 30, 2020
|
|
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Cannabis Dispensary
|
|
|
7,336,974 |
|
|
|
6,818,499 |
|
|
Cannabis Production
|
|
|
3,577,738 |
|
|
|
1,870,259 |
|
| |
|
|
10,914,712 |
|
|
|
8,688,758 |
|
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For the Three
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For the Three
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|
| |
|
Months Ended
|
|
|
Months Ended
|
|
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November 30, 2021
|
|
|
November 30, 2020
|
|
|
Cannabis Dispensary
|
|
|
3,591,399 |
|
|
|
3,732,974 |
|
|
Cannabis Production
|
|
|
1,822,603 |
|
|
|
1,174,915 |
|
| |
|
|
5,414,002 |
|
|
|
4,907,889 |
|
|
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The following is a reconciliation for the calculation of basic and diluted earnings per share for the three and six months ended November 30, 2021 and 2020:
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|
For the Three Months Ended November 30,
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|
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2021
|
|
|
2020
|
|
| |
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to CLS Holdings USA, Inc.
|
|
$ |
(345,472 |
)
|
|
$ |
(849,376 |
)
|
|
Weighted average number of common shares outstanding
|
|
|
128,158,080 |
|
|
|
126,548,887 |
|
|
Dilutive effect of shares issuable
|
|
|
- |
|
|
|
- |
|
|
Diluted weighted average number of common shares outstanding
|
|
|
128,158,080 |
|
|
|
126,548,887 |
|
|
Basic loss per share
|
|
$ |
(0.00 |
)
|
|
$ |
(0.01 |
)
|
|
Diluted loss per share
|
|
$ |
(0.00 |
)
|
|
$ |
(0.01 |
)
|
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|
For the Six Months Ended November 30,
|
|
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2021
|
|
|
2020
|
|
| |
|
|
|
|
|
|
|
|
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Net income (loss) attributable to CLS Holdings USA, Inc.
|
|
$ |
82,127 |
|
|
$ |
(1,994,412 |
)
|
|
Weighted average number of common shares outstanding
|
|
|
128,071,067 |
|
|
|
126,535,075 |
|
|
Dilutive effect of shares issuable
|
|
|
70,000 |
|
|
|
- |
|
|
Diluted weighted average number of common shares outstanding
|
|
|
128,141,067 |
|
|
|
126,535,075 |
|
|
Basic earnings (loss) per share
|
|
$ |
0.00 |
|
|
$ |
(0.02 |
)
|
|
Diluted earnings (loss) per share
|
|
$ |
0.00 |
|
|
$ |
(0.02 |
)
|
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| 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:
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Years
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Office equipment
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|
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3 to 5 |
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Furniture & fixtures
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|
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3 to 7 |
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|
Machinery & equipment
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|
|
3 to 10 |
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Leasehold improvements
|
|
Term of lease |
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|