Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.21.2
Property, Plant and Equipment
 3 Months Ended
Aug. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 8 – Property, Plant and Equipment

 

Property, plant and equipment consisted of the following at August 31, 2021 and May 31, 2021.

 

   

August 31, 

2021

    

May 31,

2021

  

Office equipment

   $ 124,381     $ 120,068  

Furniture and fixtures

     145,103       145,103  

Machinery & Equipment

     1,893,091       1,823,094  

Leasehold improvements

     2,840,686       2,822,017  

Less: accumulated depreciation

     (1,582,492

)

     (1,434,614

)

Property, plant, and equipment, net

   $ 3,420,769     $ 3,475,668  

 

The Company made payments in the amounts of $92,979 and $84,921 for property and equipment during the three months ended August 31, 2021 and 2020, respectively.

 

Depreciation of property, plant, and equipment was $147,878 and $140,892 for the three months ended August 31, 2021 and 2020 respectively.