CLS Holdings USA, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Lease Liabilities - Financing Leases (Tables)

Lease Liabilities - Financing Leases (Tables)

6 Months Ended

Nov. 30, 2022

Disclosure Text Block [Abstract]

Finance Lease [Table Text Block]

		November 30, 2022				May 31, 2022
		(unaudited)
Financing lease obligation under a lease agreement for extraction equipment dated March 14, 2022 in the original amount of $359,900 payable in forty-eight monthly installments of $10,173 including interest at the rate of 15.89%. During the three months ended November 30, 2022, the Company made principal and interest payments on this lease obligation in the amounts of $17,586 and $12,933, respectively. During the six months ended November 30, 2022, the Company made principal and interest payments on this lease obligation in the amounts of $34,493 and $27,224, respectively.		$	314,500			$	348,993

Total		$	314,500			$	348,993

Current portion		$	77,697			$	71,813
Long-term maturities			236,803				277,180
Total		$	314,500			$	348,993

Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

Aggregate maturities of lease liabilities – financing leases as of November 30, 2022 are as follows:

2023		$	77,697
2024			90,952
2025			106,468
2026			39,383
2027			-
Thereafter			-
Total		$	314,500