Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.24.4
Property, Plant and Equipment
6 Months Ended
Nov. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 6: Property, Plant and Equipment

 

Property, plant and equipment consisted of the following at November 30, 2024 and May 31, 2024:

 

   

November 30,

2024

   

May 31,

2024

 

Office equipment

  $ 163,126     $ 163,126  

Furniture and fixtures

    149,478       148,358  

Machinery & Equipment

    2,522,795       2,519,455  

Leasehold improvements

    2,922,156       2,911,164  

Less: accumulated depreciation

    (3,572,740 )     (3,318,550 )

Property, plant, and equipment, net

  $ 2,184,815     $ 2,423,553  

 

The Company made payments in the amounts of $16,141 and $44,248 for property and equipment during the six months ended November 30, 2024 and 2023, respectively.

 

Depreciation expense totaled $121,219 and $158,497 for the three months ended November 30, 2024 and 2023, respectively. Depreciation expense totaled $254,880 and $317,250 for the six months ended November 30, 2024 and 2023, respectively.