COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Nov. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Lease Components

We have accounted for the lease under ASU 842 Leases, as follows.

	Balance Sheet Classification	November 30, 2019
Asset
Operating lease asset	Right of use asset	$	477,363
Total lease asset		$	477,363
Liability
Operating lease liability – current portion	Current operating lease liability	$	133,940
Operating lease liability – noncurrent portion	Long-term operating lease liability		343,423
Total lease liability		$	477,363

Minimum Future Lease Payments

Lease obligations at November 30, 2019 consisted of the following:

For the year ended May 31:
2020	$	90,000
2021		180,000
2022		180,000
2023		135,000
Total payments	$	585,000
Amount representing interest	$	(107,637	)
Lease obligation, net		477,363
Less current portion		(133,940	)
Lease obligation – long term	$	343,423