CLS Holdings USA, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Lease Liabilities - Financing Leases (Tables)

Lease Liabilities - Financing Leases (Tables)

3 Months Ended

Aug. 31, 2022

Disclosure Text Block [Abstract]

Finance Lease [Table Text Block]

		August 31, 2022				May 31, 2022
		(unaudited)
Financing lease obligation under a lease agreement for extraction equipment dated March 14, 2022 in the original amount of $359,900 payable in forty-eight monthly installments of $10,173 including interest at the rate of 15.89%. During the three months ended August 31, 2022, the Company made principal and interest payments on this lease obligation in the amounts of $16,907 and $13,612, respectively.		$	332,086			$	348,993

Total		$	332,086			$	348,993

Current portion		$	74,697			$	71,813
Long-term maturities			257,389				277,180
Total		$	332,086			$	348,993

Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

Aggregate maturities of lease liabilities – financing leases as of August 31, 2022 are as follows:

2023		$	74,697
2024			87,440
2025			102,357
2026			67,592
2027			-
Thereafter			-
Total		$	332,086