Operating Lease Right-of-use (ROU) Assets and Operating Lease Liabilities (Tables)

6 Months Ended

Nov. 30, 2020

Leases [Abstract]

Schedule of Right-of-use Asset

Right-of-use asset (“ROU”) is summarized below:

	November 30, 2020
Operating leases	$	1,575,265
Less accumulated reduction		(254,420	)
Balance of ROU asset as of November 30, 2020	$	1,320,845

Schedule of Operating Lease Liability

Operating lease liability related to the ROU asset is summarized below:

	November 30, 2020
Operating leases	$	1,575,265
Total lease liabilities		1,575,265
Reduction of lease liability		(251,921	)
Total		1,323,344
Less: short term portion as of November 30, 2020		(281,088	)
Long term portion as of November 30, 2020	$	1,042,256

Schedule of Future Base Operating Lease Payments

Future base lease payments under the non-cancelable operating lease at November 30, 2020 are as follows:

Years Ending May 31,	Amount
2021	$	203,709
2022		407,278
2023		391,832
2024		373,870
2025		330,017
2026		110,000
Total minimum non-cancelable operating lease payments		1,816,706
Less: discount to fair value		(493,362	)
Total lease liability at November 30, 2020	$	1,323,344