CLS Holdings USA, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)

12 Months Ended

May 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following at May 31, 2019 and 2018:

May 31, 2019						Accumulated
		Gross				Amortization				Net
Intellectual Property		$	319,600			$	(29,297	)		$	290,303
License & Customer Relations			990,000				(45,375	)			944,625
Tradenames - Trademarks			301,000				(27,592	)			273,408
Non-compete Agreements			27,000				(12,378	)			14,622
Domain Names			3,963				(1,834	)			2,129
Total		$	1,641,563			$	(116,476	)		$	1,525,087

May 31, 2018						Accumulated
		Gross				Amortization				Net
Intellectual Property		$	-			$	-			$	-
License & Customer Relations			-				-				-
Tradenames - Trademarks			-				-				-
Non-compete Agreements			-				-				-
Domain names			2,300				(1,402	)			898
Total		$	2,300			$	(1,402	)		$	898

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Total amortization expense charged to operations for the years ended May 31, 2019 and 2018 was $115,074 and $432, respectively.

Amount to be amortized during the twelve months ended May 31,
2020		$	125,600
2021			114,271
2022			111,560
2023			111,560
2024			111,560
Thereafter			950,536
		$	1,525,087