LEASE LIABILITIES - FINANCING LEASES (Details) - Finance Lease (Parentheticals) - USD ($) |
12 Months Ended | ||
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Jun. 20, 2022 |
Mar. 14, 2022 |
May 31, 2024 |
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Finance Lease #1 [Member] | |||
LEASE LIABILITIES - FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items] | |||
Original amount | $ 359,900 | ||
Payable | forty-eight monthly installments of $10,173 | ||
interest rate | 15.89% | ||
Principal payments | $ 84,064 | ||
Interest payments | 38,012 | ||
Finance Lease #2 [Member] | |||
LEASE LIABILITIES - FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items] | |||
Original amount | $ 12,400 | ||
Payable | forty-eight monthly installments of $350 | ||
interest rate | 9.97% | ||
Principal payments | 1,673 | ||
Interest payments | 427 | ||
Equipment book value | $ 5,033 |
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- References No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense on finance lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of cash outflow for principal payment on finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of basis, terms, and conditions on which variable lease payment of lessor's direct financing lease is determined. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of divestiture of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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