Annual report pursuant to Section 13 and 15(d)

RIGHT OF USE ASSETS AND LIABILITIES - OPERATING LEASES (Tables)

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RIGHT OF USE ASSETS AND LIABILITIES - OPERATING LEASES (Tables)
 12 Months Ended
May 31, 2024
Disclosure Text Block [Abstract]  
Lease, Cost [Table Text Block] Right of use assets – operating leases are summarized below:
   

May 31,

2024

  

Amount at inception of leases

   $ 4,384,520  

Amount amortized

     (2,703,281 )

Impairment of Quinn River Lease

     (205,888 )

Balance – May 31, 2024

   $ 1,475,351  
Operating lease liabilities are summarized below:

Amount at inception of leases

   $ 4,341,120  

Amount amortized

     (2,579,009 )

Balance – May 31, 2024

   $ 1,762,111  

Lease liability

   $ 1,762,111  

Less: current portion

     (443,467 )

Lease liability, non-current

   $ 1,318,644  
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] Maturity analysis under these lease agreements is as follows:

Twelve months ended May 31, 2025

   $ 624,498  

Twelve months ended May 31, 2026

     515,754  

Twelve months ended May 31, 2027

     288,953  

Twelve months ended May 31, 2028

     299,864  

Twelve months ended May 31, 2029

     260,243  

Thereafter

     276,625  

Total

   $ 2,265,937  

Less: Present value discount

     (503,826 )

Lease liability

   $ 1,762,111