May 31,

2023

May 31,

2022

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 year ended May 31, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $71,813 and $50,263, respectively. During the year ended May 31, 2022, the Company made principal and interest payments on this lease obligation in the amounts of $10,907 and $9,439, respectively.

$

277,180

$

348,993

Financing lease obligation under an agreement for equipment dated June 20, 2022 in the original amount of $12,400 payable in forty-eight monthly installments of $350 including interest at a rate of $15.78%. During the year ended May 31, 2023, the Company made principal and interest payments on this lease obligation in the amounts of $639 and $411, respectively.

$

9,987

-

Total

$

287,167

$

348,993

Current portion

$

86,887

$

71,813

Long-term maturities

200,280

277,180

Total

$

287,167

$

348,993