Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.22.1
Prepaid Expenses and Other Current Assets
 9 Months Ended
Feb. 28, 2022
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

Note 5 – Prepaid Expenses and Other Current Assets

 

Prepaid expenses and other current assets consisted of the following:

 

   

February 28,

2022

    

May 31,

2021

  

Deposits

   $ 2,121     $ 2,244  

Prepaid expenses

     189,077       250,069  

Other receivable

     77,500       10,000  

Total

   $ 268,698     $ 262,313  

 

Deposits consist of amounts paid in advance for the acquisition of property and equipment. Prepaid expenses consist primarily of annual license fees charged by the State of Nevada; these fees are paid in advance, and amortized over the one-year term of the licenses.