v3.21.4
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Nov. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense were as follows:

 

    For the Three Months Ended     For the Three Months Ended  
    November 30, 2021     November 30, 2020  
Operating lease   $ 430,483     $ 383,860  
Interest on lease liabilities     34,948       47,324  
Total net lease cost   $ 465,431     $ 431,184  

 

   

For the Six

Months Ended

    

For the Six

Months Ended

  
    November 30, 2021     November 30, 2020  
Operating lease   $ 792,684     $ 737,424  
Interest on lease liabilities     87,332       98,065  
Total net lease cost   $ 880,016     $ 835,489  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION

Supplemental balance sheet information related to leases was as follows:

 

    November 30, 2021     May 31, 2021  
             
Operating leases:                
Operating lease ROU assets – net   $ 3,087,387     $ 3,797,527  
                 
Current operating lease liabilities, included in current liabilities   1,399,186     1,466,409  
Noncurrent operating lease liabilities, included in long-term liabilities     1,799,273       2,431,144  
Total operating lease liabilities   $ 3,198,459     $ 3,897,553  
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION

Supplemental cash flow and other information related to leases was as follows:

 

   

For the Six

Months Ended
November, 2021

    

For the Six

Months Ended
November, 2020

  
             
Cash paid for amounts included in the measurement of lease liabilities:                
Operating leases   $ -     $ 639,338  
ROU assets obtained in exchange for lease liabilities:                
Operating leases   $ -     $ 223,242  
Weighted average remaining lease term (in years):                
Operating leases     3.90       4.20  
Weighted average discount rate:                
Operating leases     4.25 %     4.25 %
SCHEDULE OF MINIMUM LEASE PAYMENTS

Future minimum lease payments under noncancelable operating leases are as follows:

 

Twelve Months Ending November 30,      
2022   $ 1,500,001  
2023     525,640  
2024     509,667  
2025     354,528  
2026     211,383  
Thereafter     373,181  
Total lease payments     3,474,400  
Less: imputed interest     (275,941 )
Total lease obligations   $ 3,198,459