Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.1
Property, Plant and Equipment
9 Months Ended
Feb. 28, 2025
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 February 28, 2025 and May 31, 2024:

 

    February 28,
2025
    May 31,
2024
 
Office equipment   $ 163,126     $ 163,126  
Furniture and fixtures     149,478       148,358  
Machinery & Equipment     2,526,253       2,519,455  
Leasehold improvements     2,922,156       2,911,164  
Less: accumulated depreciation     (3,688,783 )     (3,318,550 )
Property, plant, and equipment, net   $ 2,072,230     $ 2,423,553  

 

The Company made payments in the amounts of $18,910 and $50,659 for property and equipment during the nine months ended February 28, 2025 and February 29, 2024, respectively.

 

Depreciation expense totaled $115,353 and $157,634 for the three months ended February 28, 2025 and February 29, 2024, respectively. Depreciation expense totaled $370,233 and $474,884 for the nine months ended February 28, 2025 and February 29, 2024, respectively.