Lease Liabilities - Financing Leases

3 Months Ended

Aug. 31, 2024

Disclosure Text Block [Abstract]

Lessee, Finance Leases [Text Block]

Note 15: Lease Liabilities - Financing Leases

	August 31, 2024		May 31, 2024
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 August 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $23,168 and $7,431, respectively.	$	169,949	$	193,117
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 three months ended August 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $445 and $80, respectively.	$	2,914		3,359
Total	$	172,863	$	196,476
Current portion	$	104,251	$	96,224
Long-term maturities		68,612		100,252
Total	$	172,863	$	196,476

Aggregate maturities of lease liabilities – financing leases as of August 31, 2024 are as follows:

For the period ended August 31,

2025	$	104,251
2026		68,612
2027		-
2028		-
2029		-
Thereafter		-
Total	$	172,863