Nature of Business and Significant Accounting Policies (Tables)
|
6 Months Ended |
Nov. 30, 2023 |
|---|
| 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, 2023 and May 31, 2023:
| |
|
November 30,
2023
|
|
|
May 31,
2023
|
|
|
Office equipment
|
|
$ |
158,151 |
|
|
$ |
148,243 |
|
|
Furniture and fixtures
|
|
|
148,358 |
|
|
|
148,358 |
|
|
Machinery & Equipment
|
|
|
2,426,798 |
|
|
|
2,392,458 |
|
|
Leasehold improvements
|
|
|
2,911,164 |
|
|
|
2,911,164 |
|
|
Less: accumulated depreciation
|
|
|
(3,004,396 |
)
|
|
|
(2,687,146 |
)
|
|
Property, plant, and equipment, net
|
|
$ |
2,640,075 |
|
|
$ |
2,913,077 |
|
|
| Disaggregation of Revenue [Table Text Block] |
The following table represents a disaggregation of revenue for the three and six months ended November 30, 2023 and 2022:
| |
|
For the Three
|
|
|
For the Three
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
November 30, 2023
|
|
|
November 30, 2022
|
|
|
Cannabis Dispensary
|
|
|
3,104,064 |
|
|
|
3,792,804 |
|
|
Cannabis Production
|
|
|
2,093,150 |
|
|
|
2,281,373 |
|
| |
|
$ |
5,197,214 |
|
|
$ |
6,074,177 |
|
| |
|
For the Six
|
|
|
For the Six
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
November 30, 2023
|
|
|
November 30, 2022
|
|
|
Cannabis Dispensary
|
|
|
6,412,606 |
|
|
|
7,681,361 |
|
|
Cannabis Production
|
|
|
3,899,135 |
|
|
|
4,437,743 |
|
| |
|
$ |
10,311,741 |
|
|
$ |
12,119,104 |
|
|
| 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 |
|
|