Consolidated Balance Sheets - USD ($)	Aug. 31, 2024	May 31, 2024
Current assets
Cash and cash equivalents	$ 521,349	$ 600,007
Cash - restricted	2,600,000	0
Accounts Receivable	1,214,129	682,894
Inventory	2,037,794	1,968,573
Prepaid expenses and other current assets	39,123	49,309
Total current assets	6,412,395	3,300,783
Property, plant and equipment, net of accumulated depreciation of $3,452,211 and $3,318,550	2,289,892	2,423,553
Right of use assets, operating leases	1,492,252	1,475,351
Intangible assets, net of accumulated amortization of $348,841 and $348,015	9,152	9,978
Goodwill	557,896	557,896
Other assets	157,500	157,500
Total assets	10,919,087	7,925,061
Current liabilities
Accounts payable and accrued liabilities	4,277,801	3,356,059
Accrued interest	3,600	3,600
Lease liability - operating leases, current	470,850	443,467
Lease liability - financing leases, current	104,251	96,224
Taxes Payable	9,424,759	8,899,863
Total current liabilities	16,196,785	14,229,035
Noncurrent liabilities
Lease liability - operating leases, non-current	1,308,471	1,318,644
Lease liability - financing leases, non-current	68,612	100,252
Total Liabilities	22,419,946	20,833,859
Commitments and contingencies	0	0
Stockholder's deficit
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued	0	0
Common stock, $0.0001 par value; 345,000,000 shares authorized; 181,348,418 and 124,500,873 shares issued and outstanding at August 31, 2024 and May 31, 2024, respectively	18,135	12,450
Additional paid-in capital	103,742,716	101,519,599
Common stock subscribed	65,702	65,702
Accumulated deficit	(114,187,913)	(113,367,050)
Stockholder's deficit attributable to CLS Holdings, Inc.	(10,361,360)	(11,769,299)
Non-controlling interest	(1,139,499)	(1,139,499)
Total stockholder's deficit	(11,500,859)	(12,908,798)
Total liabilities and stockholders' deficit	10,919,087	7,925,061
Nonrelated Party [Member]
Current liabilities
Notes payable, current	125,107	139,345
Convertible notes payable - current	375,025	302,005
Noncurrent liabilities
Notes payable, non-current	396,264	407,951
Convertible notes payable, non-current	3,610,456	3,699,426
Related Party [Member]
Current liabilities
Notes payable, current	1,415,392	988,472
Noncurrent liabilities
Notes payable, non-current	$ 839,358	$ 1,078,551

CLS Holdings USA, Inc. 10-Q