| Lessee, Finance Leases [Text Block] |
Note 15: Lease Liabilities - Financing Leases
| | | August 31, 2024 | | | May 31, 2024 | | | | | | | | | | | | | 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, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $23,168 and $7,431, respectively. | | $ | 169,949 | | | $ | 193,117 | | | | | | | | | | | | | 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 August 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $445 and $80, respectively. | | $ | 2,914 | | | | 3,359 | | | | | | | | | | | | | Total | | $ | 172,863 | | | $ | 196,476 | | | | | | | | | | | | | Current portion | | $ | 104,251 | | | $ | 96,224 | | | Long-term maturities | | | 68,612 | | | | 100,252 | | | Total | | $ | 172,863 | | | $ | 196,476 | |
Aggregate maturities of lease liabilities – financing leases as of August 31, 2024 are as follows:
For the period ended August 31,
|
2025
|
|
$ |
104,251 |
|
|
2026
|
|
|
68,612 |
|
|
2027
|
|
|
- |
|
|
2028
|
|
|
- |
|
|
2029
|
|
|
- |
|
|
Thereafter
|
|
|
- |
|
|
Total
|
|
$ |
172,863 |
|
|