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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash flows relating to operating activities    
Net income $ 150,659 $ 169,808
Pre-tax earnings from discontinued operations 0 (411,313)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Bargain purchase gain (1,271,615) 0
Depreciation and amortization 245,481 42,054
Gain on disposal of property and equipment 0 (3,000)
Stock based compensation 182,822 72,014
(Increase) decrease in:    
Accounts receivable (69,370) 26,670
Inventories (132,252) 67,959
Prepaid expenses (65,654) 35,226
Rent & utility deposits (33,030) 0
Increase (decrease) in:    
Accounts payable 419,433 (13,490)
Accrued liabilities and customer deposits 141,670 (120,527)
Income taxes payable (404,667) 13,643
Net cash provided by (used in) operating activities - continuing operations (836,523) (120,956)
Net cash provided by operating activities - discontinued operations 0 212,518
Net cash provided by (used in) operating activities - total (836,523) 91,561
Cash flows relating to investing activities    
Acquisition of Ample Hills (1,668,877) 0
Purchases of property and equipment (133,303) 0
Proceeds from sale of property and equipment 0 3,000
Net cash provided by (used in) investing activities - continuing operations (1,802,180) 3,000
Net cash provided by (used in) investing activities - discontined operations 0 9,000
Net cash provided by (used in) investing activities - total (1,802,180) 12,000
Cash flows relating to financing activities    
Borrowing (payments) on current and long-term liabilities 1,777,964 (5,048)
Repurchase of equity (234,517) 0
Net cash provided by (used in) financing activities 1,543,447 (5,048)
Effect of foreign exchange translation on cash 0 81,794
Increase (decrease) in cash, cash equivalents and restricted cash (1,095,256) 180,307
Cash, cash equivalents and restricted cash, beginning of period 10,566,531 1,467,435
Cash, cash equivalents and restricted cash, end of period 9,471,275 1,647,742
Supplemental disclosure of cash flow information    
Cash paid during the year for income taxes 0 2,325
Cash paid during the year for interest $ 616 $ 2,073