| Lessee, Finance Leases [Text Block] |
Note 18: Lease Liabilities - Financing Leases
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November 30, 2023
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May 31, 2023
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| 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 November 30, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $20,586 and $9,933, respectively. During the six months ended November 30, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $40,377 and $20,660, respectively. |
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$ |
236,803 |
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$ |
277,180 |
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| Financing lease obligation under an agreement for equipment dated June 20, 2022 in the original amount of $12,400 payable in forty-eight monthly installments of $350 including interest at a rate of 15.78%. During the three months ended November 30, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $826 and $224, respectively. During the six months ended November 30, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $1,554 and $468, respectively. |
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$ |
8,433 |
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9,987 |
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Total
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$ |
245,236 |
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$ |
287,167 |
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Current portion
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$ |
94,469 |
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$ |
86,887 |
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Long-term maturities
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150,767 |
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200,280 |
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Total
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$ |
245,236 |
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$ |
287,167 |
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Aggregate maturities of lease liabilities – financing leases as of November 30, 2023 are as follows:
For the period ended November 30,
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2024
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$ |
94,469 |
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2025
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110,352 |
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2026
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40,415 |
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2027
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- |
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2028
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- |
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Thereafter
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- |
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Total
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$ |
245,236 |
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