ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

May 31, 2023

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 14 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities consisted of the following at May 31, 2023 and 2022:

	May 31, 2023		May 31, 2022
Trade accounts payable	$	1,793,585	$	1,414,074
Accrued payroll and payroll taxes		311,505		323,254
Accrued liabilities		623,482		580,570
Total	$	2,728,572	$	2,317,898

During the year ended May 31, 2023, the Company entered into settlement agreements with three vendors to settle $231,261 in outstanding accounts payable. The Company agreed to pay $137,544 to the three vendors, which resulted in a gain on the settlement of accounts payable in the amount of $93,717 for the year ended May 31, 2023.

F-17

During the year ended May 31, 2023, the Company entered into a settlement agreement for the legal fees that were in dispute in the amount of $248,031. The Company entered into a settlement agreement where the Company will pay $100,000, in six monthly installments of $16,666 beginning on June 1, 2023. This resulted in a gain on the settlement of legal fees in the amount of $149,092 for the year ended May 31, 2023. During the year ended May 31, 2023, the Company had made on payment on this settlement agreement in the amount of $16,666; the remaining balance due at May 31, 2023 was $83,334.