Nature of Business and Significant Accounting Policies (Tables)
|
9 Months Ended |
Feb. 29, 2024 |
|---|
| Nature of Business and Significant Accounting Policies (Tables) [Line Items] |
|
| Property, Plant and Equipment [Table Text Block] |
Property, plant and equipment consisted of the following at February 29, 2024 and May 31, 2023:
| |
|
February 29,
2024
|
|
|
May 31,
2023
|
|
|
Office equipment
|
|
$ |
159,401 |
|
|
$ |
148,243 |
|
|
Furniture and fixtures
|
|
|
148,358 |
|
|
|
148,358 |
|
|
Machinery & Equipment
|
|
|
2,431,960 |
|
|
|
2,392,458 |
|
|
Leasehold improvements
|
|
|
2,911,164 |
|
|
|
2,911,164 |
|
|
Less: accumulated depreciation
|
|
|
(3,162,030 |
) |
|
|
(2,687,146 |
) |
|
Property, plant, and equipment, net
|
|
$ |
2,488,853 |
|
|
$ |
2,913,077 |
|
|
| Disaggregation of Revenue [Table Text Block] |
The following table represents a disaggregation of revenue for the three and nine months ended February 29, 2024 and February 28, 2023:
| |
|
For the Three
|
|
|
For the Three
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
February 29, 2024
|
|
|
February 28, 2023
|
|
|
Cannabis Dispensary
|
|
|
2,987,224 |
|
|
|
3,529,261 |
|
|
Cannabis Production
|
|
|
1,939,233 |
|
|
|
1,908,041 |
|
| |
|
$ |
4,926,457 |
|
|
$ |
5,437,302 |
|
| |
|
For the Nine
|
|
|
For the Nine
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
February 29, 2024
|
|
|
February 28, 2023
|
|
|
Cannabis Dispensary
|
|
|
9,399,830 |
|
|
|
11,210,622 |
|
|
Cannabis Production
|
|
|
5,838,368 |
|
|
|
6,345,784 |
|
| |
|
$ |
15,238,198 |
|
|
$ |
17,556,406 |
|
|
| Estimated Useful LIfe [Member] |
|
| Nature of Business and Significant Accounting Policies (Tables) [Line Items] |
|
| Property, Plant and Equipment [Table Text Block] |
Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:
|
|
|
Years
|
|
|
Office equipment
|
|
|
3 to 5 |
|
|
Furniture & fixtures
|
|
|
3 to 7 |
|
|
Machinery & equipment
|
|
|
3 to 10 |
|
|
Leasehold improvements
|
|
Term of lease |
|
|