Schmitt Industries (SMIT) 10-Q/A 12 Oct 22 2022 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Aug. 31, 2021	Sep. 30, 2021
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	This Form 10-Q/A amends the Original Filing to reflect the correction of errors in the previously issued unaudited interim condensed consolidated financial statements as of and for the three months ended August 31, 2021 related to the Company's accounting treatment of certain liabilities and expenses incurred that the Company failed to accrue for within the proper reporting period.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--05-31
Entity File Number	001-38964
Entity Registrant Name	SCHMITT INDUSTRIES, INC.
Entity Central Index Key	0000922612
Entity Tax Identification Number	93-1151989
Entity Incorporation, State or Country Code	OR
Entity Address, Address Line One	2765 N.W. Nicolai Street
Entity Address, City or Town	Portland
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97210
City Area Code	(503)
Local Phone Number	227-7908
Title of 12(b) Security	Common Stock - no par value
Trading Symbol	SMIT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,800,479

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Aug. 31, 2021	May 31, 2021	Aug. 31, 2020	May 31, 2020
Current assets
Cash and cash equivalents	$ 2,725,643	$ 4,032,690
Accounts receivable, net	981,421	1,154,645
Inventories, net	1,829,361	1,553,310
Prepaid expenses	203,625	198,345
Other current assets	264,476	0
Income taxes receivable	1,103	18,057
Total current assets	6,005,629	6,957,047
Leasehold assets	10,131,277	10,448,486
Property and equipment, net	2,832,720	2,824,017
Property and equipment held for sale, net	174,847	174,847
Leasehold, utilities and ERP deposits	578,781	431,808
Other assets
Intangible assets, net	305,846	337,725
TOTAL ASSETS	20,029,100	21,173,930
Current liabilities
Accounts payable	600,474	583,750
Accrued commissions	24,167	60,614
Accrued payroll liabilities	593,477	527,608
Accrued liabilities	622,068	465,146
Customer deposits and prepayments	143,273	93,364
Other accrued liabilities	1,438,907	694,590
Current portion of long-term lease liabilities	815,141	1,042,331
Current portion of long-term debt	670,517	541,691
Total current liabilities	4,908,024	4,009,094
Long-term debt, net current portion	2,800,505	3,253,389
Long-term leasehold liabilities, net current portion	10,141,864	10,141,864
Total liabilities	17,850,393	17,404,347
Stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively; and 4,204,553 and 3,786,502 shares issued and outstanding at May 31, 2021, respectively	12,250,286	12,223,359
Accumulated deficit	(10,071,579)	(8,453,776)
Total stockholders' equity	2,178,707	3,769,583	$ 11,992,166	$ 11,893,202
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 20,029,100	$ 21,173,930

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - shares	Aug. 31, 2021	May 31, 2021
Statement of Financial Position [Abstract]
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	4,218,530	4,204,553
Common stock, shares outstanding	3,800,479	3,786,502

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Income Statement [Abstract]
Net sales	$ 3,759,175	$ 1,507,485
Cost of revenue	1,469,150	899,841
Gross profit	2,290,025	607,644
Operating expenses
Selling, general and administrative	4,650,552	2,086,716
Transaction costs	0	125,167
Research and development	9,265	17,453
Total operating expenses	4,659,817	2,229,336
Operating loss	(2,369,792)	(1,621,692)
Bargain purchase gain	0	1,271,615
Forgiveness of Paycheck Protection Program loan	588,534	0
Interest expense	(11,276)	(2,511)
Other income, net	184,156	98,580
Loss before income taxes	(1,608,378)	(254,008)
Income tax provision (benefit)	9,425	(404,667)
Net (loss) income	$ (1,617,803)	$ 150,659
Net (loss) income per common share
Basic	$ (0.43)	$ 0.04
Weighted-average number of common shares, basic	3,780,439	3,763,752
Diluted	$ (0.43)	$ 0.04
Weighted-average number of common shares, diluted	3,780,439	3,776,494

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Cash flows relating to operating activities
Net (loss) income	$ (1,617,803)	$ 150,659
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Bargain purchase gain	0	(1,271,615)
Forgiveness of Paycheck Protection Program loan	(588,534)	0
Depreciation and amortization	149,478	245,481
Stock-based compensation	26,927	182,822
Non-cash lease costs	90,018	0
Increase (decrease) in:
Accounts receivable, net	173,224	(69,370)
Inventories, net	(276,051)	(132,252)
Prepaid expenses	(5,280)	(65,654)
Other current assets	(264,476)	0
Rent, utility deposits and ERP deposits	(146,973)	(33,030)
Accounts payable	16,724	419,433
Accrued liabilities and customer deposits	980,571	141,670
Income taxes payable	16,954	(404,667)
Net cash used in operating activities	(1,445,221)	(836,523)
Cash flows relating to investing activities
Acquisition of Ample Hills	0	(1,668,877)
Purchases of property and equipment	(126,302)	(133,303)
Net cash used in investing activities	(126,302)	(1,802,180)
Cash flows relating to financing activities
Proceeds from Paycheck Protection Program, net of repayment	264,476	1,777,964
Repurchase of common stock	0	(234,517)
Net cash provided by financing activities	264,476	1,543,447
Decrease in cash and cash equivalents	(1,307,047)	(1,095,256)
Cash and cash equivalents, beginning of period	4,032,690	10,566,531
Cash and cash equivalents, end of period	2,725,643	9,471,275
Supplemental disclosure of cash flow information
Cash paid for income taxes, net of refunds	10,806	0
Cash paid during the period for interest	$ 0	$ 616

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock	Accumulated Deficit	Total
Beginning balance, value at May. 31, 2020	$ 12,257,306	$ (364,104)	$ 11,893,202
Shares outstanding at May. 31, 2020	3,784,554
Stock-based compensation	$ 182,822	0	182,822
Shares issued to directors and officers upon vesting of RSUs
Shares issued to directors and officers upon vesting of RSUs, shares	40,031
Net income	$ 0	150,659	150,659
Share repurchases	$ (234,517)	0	(234,517)
Share repurchases, shares	(72,159)
Ending balance, value at Aug. 31, 2020	$ 12,205,611	(213,445)	11,992,166
Shares outstanding at Aug. 31, 2020	3,752,426
Beginning balance, value at May. 31, 2021	$ 12,223,359	(8,453,776)	3,769,583
Shares outstanding at May. 31, 2021	3,786,502
Stock-based compensation	$ 26,927	0	26,927
Shares issued to directors and officers upon vesting of RSUs
Shares issued to directors and officers upon vesting of RSUs, shares	13,977
Net income	$ 0	(1,617,803)	(1,617,803)
Ending balance, value at Aug. 31, 2021	$ 12,250,286	$ (10,071,579)	$ 2,178,707
Shares outstanding at Aug. 31, 2021	3,800,479

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Aug. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation In the opinion of management of Schmitt Industries, Inc. (the "Company", "Schmitt", "we" or "our"), the accompanying unaudited interim condensed consolidated financial statements, collectively hereinafter the “consolidated financial statements”, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly its financial position as of August 31, 2021 and its results of operations and its cash flows for the periods presented. The consolidated balance sheet at May 31, 2021 has been derived from the Annual Report on Form 10-K for the fiscal year ended May 31, 2021. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2021. Operating results for the interim periods presented are not necessarily indicative of the results that may be experienced for the fiscal year ending May 31, 2022. Principles of Consolidation These condensed consolidated financial statements include those of the Company and its wholly owned subsidiaries: Schmitt Measurement Systems, Inc. and Ample Hills Acquisition LLC. All significant intercompany accounts and transactions have been eliminated in the preparation of the condensed consolidated financial statements. Reclassification Certain amounts in the prior period consolidated balance sheet have been reclassified to conform to the presentation of the current period. These reclassifications had no effect on previously recorded net income. Use of Estimates The preparation of the consolidated financial statements in conformity with Generally Accepted Accounting Principles in the U.S. (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Liquidity Our primary source of liquidity is our cash flows from operating activities resulting from net income and management of working capital. As of August 31, 2021, our available funds consisted of $ 2,725,643 Investor On August 7, 2021, the Company received The Commitment Letter to Schmitt Industries (“Commitment”) from Michael Zapata, CEO. The Commitment states that Sententia Capital Management LLC (“SCM”) or its affiliated entities will provide additional capital as required to Schmitt up to $ 1,300,000 Business Combination On July 9, 2020, Ample Hills Acquisition LLC ("Buyer"), a New York limited liability company and wholly owned subsidiary of the Company, entered into an Asset Purchase Agreement (the "Agreement"), dated as of June 29, 2020, with Ample Hills Holdings, Inc., a Delaware corporation, Ample Hills Creamery, Inc., a New York corporation, and their subsidiaries (collectively, "Ample Hills"). The transactions contemplated by the Agreement (the "Transactions") closed on July 9, 2020, the day after a sale order approving the Transactions was entered by the Bankruptcy Court (defined below). The Ample Hills entities were debtors-in-possession under title 11 of the United States Code, 11 U.S.C. § 101 et seq. pursuant to voluntary petitions for relief filed under chapter 11 of the Bankruptcy Code on March 15, 2020 in the United States Bankruptcy Court for the Eastern District of New York (the "Bankruptcy Court"). The Transactions were conducted through a Bankruptcy Court-supervised process, subject to Bankruptcy Court-approved bidding procedures, approval of the Transactions by the Bankruptcy Court, and the satisfaction of certain closing conditions. The Agreement assigned to Buyer, or one or more of its affiliates, the Acquired Assets (as defined in the Agreement) and Buyer, or one or more of its affiliates, assumed the Assumed Liabilities (as defined in the Agreement) for a purchase price of $ 1,000,000 700,000 Ample Hills Business Acquisition The Company's strategy includes utilizing its capital for value opportunities. Accordingly, the primary purpose of the Ample Hills acquisition was to capitalize on this strategy by purchasing a business with a good brand name, which in light of the purchase price paid in bankruptcy, could have a significant upside. The Transactions were funded by the Company with cash on hand and has been accounted for in accordance with Accounting Standard Codification (“ASC”) 805 - Business Combinations Revenue Recognition The Company generates revenues from the following sources: (i) retail restaurant sales, (ii) factory sales, (iii) measurement product sales, and (iv) remote tank monitoring services. Retail Restaurant Sales, net The Company's Ice Cream Segment generates revenues from retail restaurant sales to its end-user customers at the time of sale, net of discounts, coupons, employee meals, and complimentary meals and gift cards. Sales tax is collected from customers and remitted to governmental authorities and is presented on a net basis within revenue in our consolidated statement of operations. Factory Sales, net The Company’s Ice Cream Segment generates revenues from sales of finished goods from its Brooklyn, New York factory, including wholesale, e-commerce, and direct-to-consumer sales. These revenues, net of sales tax paid to states, are recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. The Company also generates revenues by providing manufacturing production services to third parties, and recognizes revenues as services provided to the customer. Measurement Product Sales The Company’s Measurement Segment determines the amount of revenue it recognizes associated with the transfer of each product. For sales of products to all customers, each transaction is evaluated to determine whether there is approval and commitment from both the Company and the customer for the transaction; whether the rights of each party are specifically identified; whether the transaction has commercial substance; whether collectability from the customer is probable at the inception of the contract and whether the transaction amount is defined. If a transaction to sell products meets all of the above criteria, revenue is recognized for the sales of product at the time of shipment. The Company incurs commission expense associated with the sales of certain measurement products. The Company applies the practical expedient allowed under ASC 340-40-25-4 by recognizing the expense at the time the product is shipped. These amounts are recorded within selling, general and administrative expense. The Company also incurs costs related to shipping and handling of its products, which are expensed as incurred as a component of cost of sales. Remote Tank Monitoring Services The Company's Measurement Segment revenues associated with the Xact product line include satellite focused remote tank monitoring products and related monitoring services for markets in the Internet of Things environment (“IoT”). The Company determines the amount of revenue it recognizes associated with the transfer of such services. For delivery of monitoring services to all customers, each transaction is evaluated to determine whether there is approval and commitment from both the Company and the customer for the transaction; whether the rights of each party are specifically identified; whether the transaction has commercial substance; whether collectability from the customer is probable at the inception of the contract and whether the transaction amount is defined. If a transaction to provide monitoring services meets all of the above criteria, revenue is recognized at the completion of the month in which monitoring services are provided. Customer Deposits and Prepayments The Company defers recognition of revenues in instances where consideration is received from customers in advance of the Company completing its obligations in exchange for such consideration. As of August 31, 2021 and May 31, 2021, significant customer deposits and prepayments balances were as follows: August 31, 2021 May 31, 2021 Contract Liabilities Customer deposits, current $ 102,687 $ 55,464 Gift card liabilities, current 40,586 37,900 Total customer deposits and prepayments $ 143,273 $ 93,364 Seasonality The Company’s sales and earnings are seasonal for the Ice Cream Segment, with significantly higher sales and earnings occurring during the warmer months of the year, which causes fluctuations in the Company’s quarterly results of operations. In addition, quarterly results have been, and in the future are likely to be, affected by the timing of new store openings. Because of the seasonality of the Company’s business and the impact of new store openings, results for any quarter are not necessarily indicative of the results that may be achieved in other quarters. Cash and Cash Equivalents The Company generally invests its excess cash in money market funds. The Company's investment policy also allows for cash to be invested in investment grade highly liquid securities, and the Company considers securities that are highly liquid, readily convertible into cash and have original maturities of less than three months when purchased to be cash equivalents. The Company's cash consists of demand deposits in large financial institutions. At times, balances may exceed federally insured limits. Accounts Receivable, net The Company maintains credit limits for all customers based on several factors, including but not limited to financial condition and stability, payment history, published credit reports and use of credit references. Management performs various analyses to evaluate accounts receivable balances to ensure recorded amounts reflect estimated net realizable value. This review includes using accounts receivable aging reports, other operating trends and relevant business conditions, including general economic factors, as they relate to each of the Company's domestic and international customers. In the event there is doubt about whether a customer account is collectible, a reserve is recorded. If these analyses lead management to the conclusion that a customer account is uncollectible, the balance will be directly charged to bad debt expense. Accounts receivable, net consisted of the following: August 31, May 31, 2021 2021 Accounts receivable $ 1,079,748 $ 1,252,968 Less: allowance for doubtful accounts (98,327 ) (98,323 ) Accounts receivable, net $ 981,421 $ 1,154,645 Inventories, net Inventories, net are valued at the lower of cost or net realizable value with cost determined on the average cost basis. Costs included in inventories consist of materials, labor and manufacturing overhead, which are related to the purchase or production of inventories. Write-downs, when required, are made to reduce excess inventories to their net realizable values. Such estimates are based on assumptions regarding future demand and market conditions. If actual conditions become less favorable than the assumptions used, an additional inventory write-down may be required. As of August 31, 2021 and May 31, 2021 inventories consisted of the following: August 31, 2021 (As Restated) May 31, 2021 Raw materials $ 1,059,697 $ 901,464 Work-in-process 28,396 35,160 Finished goods 842,047 731,826 Total inventories 1,930,140 1,668,450 Inventory reserves (100,779 ) (115,140 ) Inventory, net $ 1,829,361 $ 1,553,310 Property and Equipment, net Minimum Maximum Vehicles Property and equipment, net are stated at cost, less depreciation and amortization. Depreciation is computed using the straight-line method over estimated useful lives of three seven three twenty-five August 31, 2021 (As Restated) May 31, 2021 Land Land $ 159,000 $ 159,000 Buildings and improvements Buildings and Improvements 3,053,834 2,989,140 Furniture, fixtures and equipment Furniture, Fixtures and Equipment 1,840,685 1,788,784 Total property and equipment 5,053,519 4,936,924 Less accumulated depreciation (2,220,799 ) (2,112,907 ) Total property and equipment, net $ 2,832,720 $ 2,824,017 Assets Held for Sale The Company owns a two story 35,050 25 August 31, 2021 May 31, 2021 Land $ 140,000 $ 140,000 Buildings and improvements 246,135 246,135 Total property and equipment-held for sale 386,135 386,135 Less accumulated depreciation (211,288 ) (211,288 ) Total property and equipment, net held for sale $ 174,847 $ 174,847 Leases On November 22, 2019, the Company entered in a commercial lease agreement in which it is the lessor. This lease has been accounted for pursuant to Topic 842. The Company elected the practical expedient to not separate lease and non-lease components and will present property revenues as other income, combined based upon the lease being determined to be the predominant component. On November 22, 2019, the Company entered into a triple-net lease agreement with Tosei Engineering Corp. and Tosei America, Inc. (collectively "Tosei"), whereby Tosei will lease the Company's building located at 2451 NW 28 th 23,282 120 The lessor commercial agreement contains a 10 On July 9, 2020, the Company executed a business combination through its acquisition of Ample Hills. In connection with this business combination, the Company became the lessee for multiple leased stores and a manufacturing facility. Upon acquisition, the Company renegotiated the terms of these leases. Upon acquisition, the lease liabilities were measured based upon the present value of future lease payments. On October 1, 2020 the Company entered into a triple-net lease agreement in which it is the lessor (the "Humboldt Lease") with Humboldt Street Collective, LLC ("Humboldt"), whereby Humboldt will lease the Company's building located at 2765-2755 NW Nicolai Street, Portland, OR 97210 for a monthly fee of $ 3,185 62 On December 1, 2020 the Company entered into a triple-net lease agreement in which it is the lessor (the “Second Humboldt Lease”) with Humboldt, whereby Humboldt will lease a portion of the Company’s building located at 2451 NW 28th Avenue, Portland, OR 97210 for a monthly fee of $ 4,596 59 Bargain Purchase Gain In connection with the acquisition of Ample Hills on July 9, 2020, the Company recognized an initial bargain purchase gain of $ 1,271,615 132,807 1,138,808 Ample Hills Business Acquisition Intangible Assets and Impairment Indefinite-Lived Intangible Assets The Company’s indefinite-lived assets included tradenames and trademarks for the Company’s Ice Cream Segment. The Company reviews the carrying values of identifiable intangibles annually or whenever events or changes in circumstances indicate that such carrying values may not be recoverable as required by ASC 350, Intangibles — Goodwill and Other Unforeseen events, changes in circumstances, market conditions and material differences in the value of intangible assets due to changes in estimates of future cash flows could negatively affect the fair value of the Company’s assets and result in a non-cash impairment charge. Some factors considered important that could trigger an impairment review include the following: significant underperformance relative to expected historical or projected future operating results, significant c hanges in the manner of the Company’s use of acquired assets or the strategy for its overall business and significant negative industry or economic trends. During the fourth quarter of the year ended May 31, 2021, the Company made an evaluation based on factors such as changes in the Ice Cream Segment’s forecasted financial information, and concluded that a triggering event for an interim impairment analysis had occurred. As part of qualitative assessment, it was determined that the carrying value of the Ample Hills tradename exceeded its estimated fair value. The tradename was valued using the relief-from-royalty method – a variation of the income approach – which was used for the initial valuation of the tradename in connection with the Company’s acquisition of Ample Hills. Due to a reduction in estimated total enterprise value as a result of the change in financial projections, there is no incremental fair value to allocate to the tradename. Therefore, the Company recognized an impairment loss in the amount of $ 903,422 Finite-Lived Intangible Assets Amortizable intangible assets include purchased technology and patents for the Company’s Measurement Segment and proprietary recipes and the Company’s website for its Ice Cream Segment. These assets are amortized over their estimated useful lives ranging from three to fifteen years. Amortization of intangible assets is recorded in selling, general and administrative expenses in the consolidated statements of operations. The Company reviews finite-lived intangible assets for impairment annually or whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. Recoverability is determined by comparing the forecasted future net undiscounted cash flows from the operations to which the assets relate, based on management's best estimates using the appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined to be in excess of such undiscounted cash flows, the asset is considered impaired and a loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the assets, which is determined by discounting future projected cash flows. Other Accrued Liabilities Other accrued liabilities were $ 1,438,907 694,590 821,341 617,566 815,999 5,342 523,955 69,846 29,547 5,782 Advertising Advertising costs included in selling, general and administrative expenses are expensed when the advertising first takes place. Advertising expense was $ 12,688 1,078 Research and Development Costs Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred. Shipping and Handling The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory. Warranty Reserve Warranty costs are estimated and charged to operating expense to cover a defined warranty period. The estimated warranty cost is based on the history of warranty claims for each particular product type. For new product types without a warranty history, preliminary estimates are based on historical information for similar product types. The warranty reserve accrual, included in other accrued liabilities, is reviewed periodically and updated based on warranty trends. Stock-Based Compensation/Restricted Stock Units Stock-based compensation includes expense charges for all stock-based awards to employees and directors granted under the Company's stock option plan. The Company requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options based on estimated fair values. Stock-based compensation recognized during the period is based on the value of the portion of the stock-based award that will vest during the period, adjusted for expected forfeitures. Compensation cost for all stock-based awards is recognized using the straight-line method. Restricted Stock Units Service-based and market-based restricted stock units (“RSUs”) are granted to key employees and members of the Company's Board of Directors. Service-based RSUs generally fully vest on the first anniversary date of the award. Market-based RSUs are contingent on continued service and vest based on the 15-day average closing price of the Company's common stock equal or exceeding certain targets established by the Compensation Committee of the Board of Directors. The lattice model utilizes multiple input variables that determine the probability of satisfying the market conditions stipulated in the award and calculates the fair value of the market-based RSUs. The expected stock price volatility for each grant is based on the historical volatility of the Company's stock for a period equivalent to the derived service period of each grant. The expected dividend yield is based on annual expected dividend payments. The average risk-free interest rate is based on the treasury yield rates as of the date of grant for a period equivalent to the derived service period of each grant. The fair value of each RSU is amortized over the requisite or derived service period, which is up to five years. Income Taxes The Company accounts for income taxes using the asset and liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Management continues to review the level of the valuation allowance on a quarterly basis. Additionally, deferred tax assets are evaluated and a valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. There can be no assurance that the Company’s future operations will produce sufficient earnings to allow for the deferred tax asset to be fully utilized. The Company currently maintains a full valuation allowance against net deferred tax assets. Each year the Company files income tax returns in the various taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the taxing authorities. Positions challenged by the taxing authorities may be settled or appealed by the Company. As a result, there is an uncertainty in income taxes recognized in the Company's financial statements in accordance with ASC Topic 740. The Company applies this guidance by defining criteria that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise's financial statements and provides guidance on measurement, de-recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. (Loss) Earnings Per Share Basic (loss) earnings per share is computed using the weighted-average number of common shares outstanding. Diluted (loss) earnings per share is computed using the weighted-average number of common shares outstanding, adjusted for dilutive incremental shares attributed to outstanding options to purchase common stock. Common stock equivalents for stock options are computed using the treasury stock method. In periods in which a net loss is incurred, no common stock equivalents are included since they are antidilutive and as such all stock options outstanding are excluded from the computation of diluted net loss in those periods. There were no potentially dilutive common shares from outstanding stock options for the three months ended August 31, 2021 as a result of the Company’s net loss. Concentration of Credit Risk Financial instruments that potentially expose the Company to concentration of credit risk are trade accounts receivable. Credit terms generally require an invoice to be paid within 30 to 60 days or include a discount of up to 1.5% if the invoice is paid within ten days, with the net amount payable in 30 days. Terms are set for each account depending on the customer's credit standing with the Company. Financial Instruments The carrying value of all other financial instruments potentially subject to valuation risk (principally consisting of cash and cash equivalents, accounts receivable, accounts payable, the current portion of PPP loans, customer deposits and prepayments) approximates fair value because of their short-term maturities.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
	Aug. 31, 2021
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	NOTE 2 – RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS As previously disclosed on Form 8-K filed on September 20, 2022, the Company determined that the Company’s previously issued financial statements for the period ended August 31, 2021 should no longer be relied upon due to errors in such condensed consolidated financial statements related to certain liabilities and expenses incurred that the Company failed to accrue for within the proper reporting periods, resulting primarily in the exclusion of certain general and administrative expenses from the statement of operations in the condensed financial statements. The following errors were identified as part of the restatement: A. The Company discovered expenses and liabilities incurred during the three-month period ended August 31, 2021 that it failed to accrue for properly. The additional expenses are primarily related to unpaid and unrecorded utility charges, professional fees and other operating expenses. B. The Company discovered that it did not properly record approximately $ 72,000 The following reflects the restatement adjustments recorded in connection with the Company’s restatement of its consolidated financial statements: Restatement of Previously Issued Condensed Consolidated Financial Statements - Schedule of Prior Period Adjustments Balance Sheet As of August 31, 2021 As previously Reported Adjustment As Restated Reference ASSETS Current Assets Cash and cash equivalents $ 2,725,643 $ — $ 2,725,643 Accounts receivable, net 981,421 — 981,421 Inventories, net 1,823,337 6,024 1,829,361 A Prepaid expenses 203,625 — 203,625 Other current assets 264,476 — 264,476 Income tax receivable 3,676 (2,573 ) 1,103 A Total current assets 6,002,178 3,451 6,005,629 A Leasehold assets 10,131,277 — 10,131,277 Property and equipment, net 2,831,052 1,668 2,832,720 A Property and equipment held for sale, net 174,847 — 174,847 Leasehold, utilities, and ERP deposits 513,946 64,835 578,781 A, B Other assets Intangible assets, net 305,846 — 305,846 Total Assets $ 19,959,146 $ 69,954 $ 20,029,100 A, B LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 604,219 $ (3,745 ) $ 600,474 A Accrued commissions 49,806 (25,639 ) 24,167 A Accrued payroll liabilities 616,168 (22,691 ) 593,477 A Accrued liabilities 627,532 (5,464 ) 622,068 A Customer deposits and prepayments 143,273 — 143,273 Other accrued liabilities 738,650 700,257 1,438,907 A Current portion of long-term lease liabilities 815,141 — 815,141 Current portion of long-term debt 670,517 — 670,517 Total current liabilities 4,265,306 642,718 4,908,024 A Long-term debt 2,800,505 — 2,800,505 Long-term leasehold liabilities 10,141,864 — 10,141,864 Total liabilities 17,207,675 642,718 17,850,393 A Total stockholders' equity Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively 12,250,286 — 12,250,286 Accumulated deficit (9,498,815 ) (572,764 ) (10,071,579 ) A, B Total stockholders' equity 2,751,471 (572,764 ) 2,178,707 A, B TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,959,146 $ 69,954 $ 20,029,100 A, B As Previously Reported Statement of Operations For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Net sales $ 3,759,175 $ — $ 3,759,175 Cost of revenue 1,349,975 119,175 1,469,150 A Gross profit 2,409,200 (119,175 ) 2,290,025 A Operating expenses Selling, general and administrative 4,130,686 519,866 4,650,552 A Research & development 9,265 — 9,265 Total operating expenses 4,139,951 519,866 4,659,817 A Operating loss (1,730,751 ) (639,041 ) (2,369,792 ) A Forgiveness of PPP loans 588,534 — 588,534 Interest expense (11,276 ) — (11,276 ) Other income, net 112,029 72,127 184,156 B Loss before income taxes (1,041,464 ) (566,914 ) (1,608,378 ) A, B Income tax provision 3,575 5,850 9,425 A Net loss $ (1,045,039 ) $ (572,764 ) $ (1,617,803 ) A, B Net loss (1,045,039 ) (572,764 ) (1,617,803 ) A, B Net loss per common share Basic $ (0.28 ) $ (0.15 ) $ (0.43 ) A, B Weighted average number of common shares, basic 3,780,439 — 3,780,439 Diluted $ (0.28 ) $ (0.15 ) $ (0.43 ) A, B Weighted average number of common shares, diluted 3,780,439 — 3,780,439 Statement of Cash Flows For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Cash flows relating to operating activities Net loss $ (1,045,039 ) $ (572,764 ) $ (1,617,803 ) A, B Adjustments to reconcile net loss to net cash used in operating activities: Forgiveness of PPP Loan (588,534 ) — (588,534 ) Depreciation and amortization 149,478 — 149,478 Stock-based compensation 26,927 — 26,927 Non-cash lease costs 90,018 — 90,018 (Increase) decrease in: Accounts receivable, net 173,224 — 173,224 Inventories, net (270,027 ) (6,024 ) (276,051 ) A Prepaid expenses (5,280 ) — (5,280 ) Other current assets (264,476 ) — (264,476 ) Rent, Utility Deposits, & ERP Deposits (82,138 ) (64,835 ) (146,973 ) A, B Increase (decrease) in: Accounts payable 20,469 (3,745 ) 16,724 A Accrued liabilities and customer deposits 334,108 646,463 980,571 A Income taxes payable 14,381 2,573 16,954 A Net cash used in operating activities $ (1,446,889 ) $ 1,668 $ (1,445,221 ) A, B Cash flows relating to investing activities Purchases of property and equipment (124,634 ) (1,668 ) (126,302 ) A Net cash used in investing activities $ (124,634 ) $ (1,668 ) $ (126,302 ) A Cash flows relating to financing activities Proceeds from Paycheck Protection Program 264,476 — 264,476 Net cash provided by financing activities $ 264,476 $ — $ 264,476 Decrease in cash and cash equivalents (1,307,047 ) — (1,307,047 ) Cash and cash equivalents, beginning of period 4,032,690 — 4,032,690 Cash and cash equivalents, end of period 2,725,643 — 2,725,643 Supplemental disclosure of cash flow information Cash paid during the period for income taxes 10,806 — 10,806 Cash paid during the period for interest — — — Segment Information-Ice Cream For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Revenue, net $ 2,955,755 $ — $ 2,955,755 Gross Margin $ 2,009,190 $ (73,010 ) $ 1,936,180 A Gross Margin % 68.0 % (2.5 %) 65.5 % A Operating loss $ (1,215,218 ) $ (412,871 ) $ (1,628,089 ) A, B Depreciation expense $ 107,892 $ — $ 107,892 Amortization expense $ 5,733 $ — $ 5,733 Capital expenditures $ 124,634 $ 1,668 $ 126,302 A Segment Information-Measurement For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Revenue, net $ 803,420 $ — $ 803,420 Gross Margin $ 400,010 $ (46,165 ) $ 353,845 A Gross Margin % 49.8 % (5.8 %) 44.0 % A Operating loss $ (515,533 ) $ (226,170 ) $ (741,703 ) A Depreciation expense $ 9,707 $ — $ 9,707 Amortization expense $ 26,146 $ — $ 26,146 Capital expenditures $ — $ — $ — Segment Information- Assets As of August 31, 2021 As previously Reported Adjustment As Restated Ice Cream Segment $ 9,975,115 $ 72,527 $ 10,047,642 A, B Measurement Segment 1,939,006 (2,573 ) 1,936,433 A Corporate assets 8,045,025 — 8,045,025 Total Assets $ 19,959,146 $ 69,954 $ 20,029,100 A, B

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Aug. 31, 2021
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No . Simplifying the Accounting for Income Taxes (Topic 740) In November 2019, the FASB issued ASU 2019-08, Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements - Share-based Consideration Payable to a Customer

AMPLE HILLS BUSINESS ACQUISITIO

AMPLE HILLS BUSINESS ACQUISITION	3 Months Ended
	Aug. 31, 2021
Business Combination and Asset Acquisition [Abstract]
AMPLE HILLS BUSINESS ACQUISITION	NOTE 4 - AMPLE HILLS BUSINESS ACQUISITION As described in Note 1, the Company closed on the Ample Hills acquisition on July 9, 2020. The Company paid the sellers $ 1,000,000 700,000 125,167 In accordance with ASC 805 - Business Combinations, The following table summarizes the Company's fair value of the assets acquired, and liabilities assumed, as of July 9, 2020, for the Company's acquisition of Ample Hills. Ample Hills Business Acquisition - Schedule of Purchase Price Allocation Purchase Price Cash paid to sellers $ 1,000,000 Cash paid for cure costs 713,404 Total Purchase Price $ 1,713,404 Purchase Price Allocation Assets Acquired Right-of-use operating lease assets 10,645,098 Website 25,445 Tradename and trademarks 903,422 Proprietary recipes 146,739 Security deposits 225,180 Machinery and equipment 564,553 Leasehold improvements 815,798 Inventory 632,100 Total assets acquired $ 13,958,335 Liabilities Assumed Right-of-use operating lease liabilities 10,645,098 Deferred tax liability 405,688 Customer deposits 20,204 Gift card liabilities 35,133 Total liabilities assumed $ 11,106,123 Net assets acquired 2,852,212 Gain on bargain purchase $ 1,138,808 As a result of additional information obtained during the measurement period about the facts and circumstances that existed as of the acquisition date, the Company recorded measurement period adjustments which resulted in a reduction in the bargain purchase gain, reducing it to $ 1,138,808 Ample Hills was a privately held company that was acquired out of bankruptcy. Management has performed a thorough evaluation of the pre-bankruptcy books and found the records to not be auditable. Therefore, management has engaged a third party consultant to assist in evaluating alternative means by which to provide historic financial data in future periods. For further information see Note 11 – Intangibles Assets, net

STOCK OPTIONS AND STOCK-BASED C

STOCK OPTIONS AND STOCK-BASED COMPENSATION	3 Months Ended
	Aug. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS AND STOCK-BASED COMPENSATION	NOTE 5 - STOCK OPTIONS AND STOCK-BASED COMPENSATION Stock-based compensation includes expense charges for all stock-based awards to employees and directors granted under the Company's stock option plan. Stock-based compensation recognized during the period is based on the portion of the grant date fair value of the stock-based award that will vest during the period, adjusted for expected forfeitures. Compensation cost for all stock-based awards is recognized using the straight-line method. Stock Options At August 31, 2021, the Company had outstanding stock options to purchase 22,500 1.70 Outstanding Options Exercisable Options Number of Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Life (years) Number of Shares Weighted- Average Exercise Price 22,500 $ 1.70 5.8 22,500 $ 1.70 No stock options were granted, exercised, canceled or expired under the Company's stock-based compensation plans during the three months ended August 31, 2021. Restricted Stock Units Service-based and market-based RSUs are granted to key employees and members of the Company's Board of Directors. Service-based RSUs generally fully vest on the first anniversary date of the award. Market-based RSUs are contingent on continued service and vest based on the 15-day average closing price of the Company's common stock equal or exceeding certain targets established by the Compensation Committee of the Board of Directors. No market-based RSUs were granted in the three months ended August 31, 2021. During the three months ended August 31, 2021, 664 RSU activity under the Company's stock-based compensation plans during the three months ended August 31, 2021 is summarized as follows: Stock Options and Stock-Based Compensation - Schedule of Restricted Stock Unit Activity Number of Units Weighted-Average Price at Grant Date Aggregate Intrinsic Value Non-vested RSUs - May 31, 2021 34,237 $ 4.71 $ 161,400 RSUs granted 664 $ 5.31 3,526 RSUs vested (13,977 ) $ 3.81 (53,215 ) Non-vested RSUs – August 31, 2021 20,924 $ 5.34 $ 111,711 During the three months ended August 31, 2021, total restricted stock-compensation expense recognized was $ 26,927 17,225

WEIGHTED-AVERAGE SHARES AND REC

WEIGHTED-AVERAGE SHARES AND RECONCILIATION	3 Months Ended
	Aug. 31, 2021
Net (loss) income per common share
WEIGHTED-AVERAGE SHARES AND RECONCILIATION	NOTE 6 – WEIGHTED-AVERAGE SHARES AND RECONCILIATION Basic net (loss) income per share is computed using the weighted-average number of shares of common stock outstanding. Diluted net (loss) income per share is computed using the weighted-average number of shares of common stock outstanding, adjusted for dilutive incremental shares attributed to outstanding options to purchase common stock and RSUs vested but not issued. Common stock equivalents for stock options are computed using the treasury stock method. In periods in which a net loss is incurred, no common stock equivalents are included since they are antidilutive and as such all stock options outstanding are excluded from the computation of diluted net loss in those periods. For the three months ended August 31, 2021, potentially dilutive securities consisted of options to purchase 22,500 1.70 Basic weighted-average shares for the three months ended August 31, 2021 and August 31, 2020 were as follows: Weighted-Average Shares and Reconciliation - Schedule of Weighted-Average Number of Shares Three Months Ended 2021 2020 Weighted-average shares (basic) 3,780,439 3,763,752 Effect of dilutive stock options — 12,742 Weighted-average shares (diluted) 3,780,439 3,776,494

INCOME TAXES

INCOME TAXES	3 Months Ended
	Aug. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7 - INCOME TAXES The Company accounts for income taxes using the asset and liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Management continues to review the level of the valuation allowance on a quarterly basis. There can be no assurance that the Company's future operations will produce sufficient earnings to allow for the deferred tax asset to be fully utilized. The Company currently maintains a full valuation allowance against net deferred tax assets. Each year the Company files income tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the taxing authorities. Positions challenged by the taxing authorities may be settled or appealed by the Company. As a result, there is an uncertainty in income taxes recognized in the Company's consolidated financial statements in accordance with ASC Topic 740. The Company applies this guidance by defining criteria that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise's financial statements and provides guidance on measurement, de-recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure, and transition. As of August 31, 2021 and of May 31, 2021 the Company had no other long-term liabilities related to income tax contingencies. Interest and penalties associated with uncertain tax positions are recognized as components of the "Provision for income taxes." The Company had no liability for payment of interest and penalties as of August 31, 2021 and May 31, 2021. Several tax years are subject to examination by major tax jurisdictions. In the United States, federal tax years ended May 31, 2018 and after are subject to examination. Effective Tax Rate The effective tax rate was (0.6 159.3

LEASES

LEASES	3 Months Ended
	Aug. 31, 2021
Leases [Abstract]
LEASES	NOTE 8 - LEASES On November 22, 2019, the Company entered into a triple-net lease agreement with Tosei, whereby Tosei will lease the Company's building located at 2451 NW 28th Avenue, Portland, OR 97210 for a base monthly fee of $ 23,282 120 The lessor commercial agreement contains a 10 Years Ending May 31, 2022 $ 219,963 2023 300,666 2024 309,870 2025 319,164 2026 328,740 Thereafter 1,228,860 Total undiscounted cash flow $ 2,707,263 On October 1, 2020, the Company entered into the Humboldt Lease, whereby Humboldt will lease the Company's building located at 2755 NW Nicolai Street, Portland, OR 97210 for a monthly fee of $ 3,185 62 Years Ending May 31, 2022 $ 42,189 2023 57,656 2024 59,386 2025 61,167 2026 31,036 Thereafter — Total undiscounted cash flow $ 251,434 On December 1, 2020 the Company entered into the Second Humboldt Lease, whereby Humboldt will lease a portion of the Company’s building located at 2451 NW 28th Avenue, Portland, OR 97210 for a monthly fee of $ 4,596 59 Years Ending May 31, 2022 $ 29,428 2023 40,151 2024 41,356 2025 42,597 2026 14,338 Thereafter — Total undiscounted cash flow $ 167,870 In connection with the July 9, 2020 acquisition of Ample Hills, the Company has multiple real estate leases for its leased stores as well as a manufacturing facility that are recorded as operating leases under various non-cancellable operating leases. To determine whether a contract is or contains a lease, the Company determines at contract inception whether it contains the right to control the use of an identified asset for a period of time in exchange for consideration to the counterparty in the transaction. If the Company determines that the contract provides the right to obtain substantially all of the economic benefit from the use of the leased asset, as well as the right for the Company to direct the asset's use, the Company recognizes a right-of-use asset and liability upon contract inception. The initial carrying value of the operating lease liability is determined by calculating the present value of future lease payments under the contract. The Company considers the future lease payments under the original terms of the contract and also includes explicitly enumerated renewal periods where management is reasonably certain that such renewal options will be exercised. The Company’s operating leases contain varying terms and expire at various dates through 2030. For the three months ended August 31, 2021 and August 31, 2020 lease expenses under fixed term leases amounted to $ 409,030 265,268 Certain of the Company’s operating leases contain variable lease payments, either in part or in total, related to certain performance targets by the Company at the underlying store locations. These variable leases costs are recognized as incurred in accordance with ASC 842 - Leases The Company's future minimum lease payments required under operating leases that have commenced as of August 31, 2021 were as follows: Leases - Schedule of Future Minimum Lease Payments for Operating Leases Other Liabilities Years Ending May 31, 2021 2022 $ 1,122,800 2023 1,714,502 2024 1,720,065 2025 1,694,403 2026 1,464,115 Thereafter 5,203,655 Total lease payments 12,919,540 Less: imputed interest (1,962,535) Present value of lease payments 10,957,005 less: current lease obligations (815,141) Long-term lease obligations $ 10,141,864 In order to calculate the operating lease asset and liability for a lease, ASC 842 - Leases Lease term and discount rates were as follows: Leases - Schedule of Lease Terms and Discount Rates August 31, 2021 Weighted-average remaining lease term (years) 7.14 Weighted-average discount rate 3.87 %

CUSTOMER CONCENTRATION

CUSTOMER CONCENTRATION	3 Months Ended
	Aug. 31, 2021
Risks and Uncertainties [Abstract]
CUSTOMER CONCENTRATION	NOTE 9 - CUSTOMER CONCENTRATION Revenue Customer The Company had no customers who exceeded 10% of net revenues for the three months ended August 31, 2021. The Company had one customer who accounted for 25.1

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Aug. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 10 - SEGMENT INFORMATION As described in Note 4 - Ample Hills Business Acquisition The foregoing information presents the balances and activities of the Measurement Segment for both the three months ended August 31, 2021 and August 31, 2020. For the Ice Cream Segment, the balances and activities for the three months ended August 31, 2021 are included, however, due to the acquisition occurring on July 9, 2020, only a portion of balances and activities are presented for the three months ended August 31, 2020. Segment Information Three Months Ended August 31, 2021 (As Restated) 2020 Ice Cream Measurement Ice Cream Measurement Revenue, net $ 2,955,755 $ 803,420 $ 501,420 $ 1,006,065 Gross margin $ 1,936,180 $ 353,845 $ 230,221 $ 394,222 Gross margin % 65.5 % 44.0 % 45.9 % 39.2 % Operating loss $ (1,628,089 ) $ (741,703 ) $ (962,754 ) $ (658,938 ) Depreciation expense $ 107,892 $ 9,707 $ 35,326 $ 20,908 Amortization expense $ 5,733 $ 26,146 $ 163,102 $ 26,145 Capital expenditures $ 126,302 $ — $ 120,663 $ 12,640 Segment Assets August 31, 2021 (As Restated) May 31, 2021 Segment assets to total assets Ice Cream Segment $ 10,047,642 $ 10,713,832 Measurement Segment 1,936,433 2,565,701 Corporate assets 8,045,025 7,894,397 Total assets $ 20,029,100 $ 21,173,930

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Aug. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 11 - INTANGIBLE ASSETS Indefinite-Lived Intangible Assets In connection with the acquisition of Ample Hills on July 9, 2020, the Company acquired tradenames and trademarks related to the Ample Hills business. The Company estimated the fair value of these assets utilizing the relief-from-royalty method. These assets were determined to be indefinite-lived and are not amortized, but instead are reviewed for impairment at least annually or whenever events or changes in circumstances indicate that such carrying values may not be recoverable as required by ASC 350, Intangibles — Goodwill and Other During the fourth quarter of the fiscal year ended May 31, 2021, the Company made an evaluation based on factors such as changes in the Ice Cream Segment’s growth rate and recent trends in the Ice Cream Segment’s forecasted financial information, and concluded that a triggering event for an interim impairment analysis had occurred. As part of qualitative assessment, it was determined that the carrying value of the Ample Hills Tradename exceeded its estimated fair value. The Tradename was valued using the relief-from-royalty method – a variation of the income approach – which was used for the initial valuation of the Tradename in connection with the Company’s acquisition of Ample Hills. Due to a reduction in estimated total enterprise value as a result of the change in financial projections, there is no incremental fair value to allocate to the tradename. Therefore, during the fiscal year ended May 31, 2021, the Company recognized an impairment loss in the amount of $ 903,422 Finite-lived Intangible Assets Amortizable intangible assets, include purchased technology and patents for the Company’s Measurement Segment and proprietary recipes and the Company’s website for its Ice Cream Segment. These assets are amortized over their estimated useful lives ranging from three to fifteen years. In total, the weighted-average remaining amortization period of the Company’s intangible assets was 4.61 As of August 31, 2021 and May 31, 2021, for the Measurement Segment, the gross carrying value of amortizable intangible assets was $ 2,085,362 1,923,905 1,897,759 26,146 1.50 As of August 31, 2021 and May 31, 2021, for the Ice Cream Segment, the gross carrying value of amortizable intangible assets was $ 172,184 27,795 22,062 5,733 4,011 8.10 The following tables present the major components of finite-intangible assets which are subject to amortization as of August 31, 2021 and May 31, 2021: As of August 31, 2021 Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Finite-lived intangible assets subject to amortization: Measurement Segment Patented technology 15 $ 1,663,538 $ (1,502,081 ) $ 161,457 Measurement Segment finite-lived assets 1,663,538 (1,502,081 ) 161,457 Ice Cream Segment Proprietary recipes 10 146,739 (17,589 ) 129,150 Company website 3 25,445 (10,206 ) 15,239 Ice Cream Segment finite-lived intangible assets 172,184 (27,795 ) 144,389 Total finite-lived intangible assets $ 1,835,722 $ (1,529,876 ) $ 305,846 As of May 31, 2021 Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Finite-lived intangible assets subject to amortization: Measurement Segment Patented technology 15 $ 1,663,538 $ (1,475,935 ) $ 187,603 Measurement Segment finite-lived assets 1,663,538 (1,475,935 ) 187,603 Ice Cream Segment Proprietary recipes 10 146,739 (13,934 ) 132,805 Company website 3 25,445 (8,128 ) 17,317 Ice Cream Segment finite-lived intangible assets 172,184 (22,062 ) 150,122 Total finite-lived intangible assets $ 1,835,722 $ (1,497,997 ) $ 337,725 Estimated amortization expense for each of the following years is as follows: Intangible Assets - Schedule of Finite-Lived Intangible Assets Future Amortization Expense Year Ending May 31, 2022 $ 95,637 2023 101,370 2024 15,313 2025 14,621 2026 14,621 Thereafter 64,284 Total expected amortization expense $ 305,846 Finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. Recoverability is determined by comparing the forecasted future net undiscounted cash flows from the operations to which the assets relate, based on management's best estimates using the appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined to be in excess of such undiscounted cash flows, the asset is considered impaired and a loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the assets, which is determined by discounting future projected cash flows.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Aug. 31, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT	NOTE 12 – LONG-TERM DEBT Paycheck Protection Program Loan On March 21, 2020, the Coronavirus Aid Relief and Economic Security Ace (“CARES ACT”) was enacted. The CARES ACT established the PPP, which funds eligible businesses through federally guaranteed loans. Under the PPP, companies are eligible for forgiveness of principal and accrued interest if the proceeds are used for eligible costs, which include, but are not limited to, payroll, benefits, mortgage, lease, and utility expenses. The Company received three PPP loans during the fiscal year ended May 31, 2021, one of which was forgiven during the three months ended August 31, 2021. The remaining PPP loans are as follows: Loan Amount Issuance Date Maturity Period Interest Rate PPP Loans Ample Hills $ 1,471,022 July 30, 2020 5 1.0 % Ample Hills 2,000,000 April 6, 2021 5 1.0 % Total PPP Loan Balance $ 3,471,022 The first two loans (one of which was forgiven during the three months ended August 31, 2021 and therefore excluded from the table) were granted on July 30, 2020 (collectively the “First Draw PPP Loan”) under two notes payable. Both notes were issued July 30, 2020 and funds were disbursed on August 3, 2020. The third loan was granted April 6, 2021 (the “Second Draw PPP Loan”) under a note payable. The note payable issued by Ample Hills for the Second Draw PPP Loan was dated April 6, 2021 (the three notes collectively the “Notes”) and funds were disbursed April 6, 2021. The Notes mature five years from the date of issuance and bear interest annually of 1.0%. Interest is accrued monthly, commencing on the date of issuance. Principal and accrued interest are payable monthly through the maturity date, commencing on July 30, 2020 for the First Draw PPP Loan and April 6, 2021 for the Second Draw PPP Loan, unless forgiven as described below. The Notes may be prepaid at any time prior to maturity with no prepayment penalties. As noted above, Loan proceeds may be used only for eligible expenses. The Company has used and intends to use the remaining funds for eligible purposes, including the re-hiring of Ample Hill’s workforce, The Company is currently seeking forgiveness of the balance of the First Draw PPP Loan and intends on seeking forgiveness for the Second Draw PPP Loan. Forgiveness of the Loans is available for principal that is used for the limited purposes that qualify for forgiveness under the requirements of the Small Business Administration (“SBA”), in addition to accrued interest. To obtain forgiveness, the Company must request it, provide documentation in accordance with SBA requirements and certify that the amounts requested to be forgiven qualify under those requirements. There is no guarantee that the remaining Loans will be forgiven by the SBA and therefore, the Company has recorded a $ 3,471,022 670,517 On August 2, 2021, the Company requested, provided documentation in accordance with SBA requirements and certified the amounts requested to be forgiven qualified under the requirements. On August 28, 2021, the Company received correspondence from Bank of America, which included a Notice of Paycheck Protection Program Forgiveness Payment from SBA for a portion of the First Draw PPP Loan in the amount of $ 588,534 264,476 As of August 31, 2021 and May 31, 2021, the Company has the following current and long-term liabilities recorded for the PPP loans: Long-Term Debt - Schedule of Debt August 31, 2021 May 31, 2021 PPP Loan Balance Current $ 670,517 $ 541,691 Long-term 2,800,505 3,253,389 Total PPP Loan Balance $ 3,471,022 $ 3,795,080

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Aug. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 13 – COMMITMENTS AND CONTINGENCIES In a transaction related to the acquisition of Schmitt Measurement Systems, Inc., formerly TMA Technologies, Inc. ("TMA"), the Company established a royalty pool and vested in each shareholder and debt holder of the acquired company an interest in the royalty pool equal to the amount invested or loaned including interest payable through March 1995. The royalty pool is funded at 5% of net revenues (defined as gross sales less returns, allowances and sales commissions) of the Company's surface measurement products and future derivative products developed by Schmitt Industries, Inc., which utilize these technologies. As part of the royalty pool agreement, each former shareholder and debt holder released TMA from any claims with regards to the acquisition except their rights to future royalties. Royalty expense for the three months ended August 31, 2021 and August 31, 2020 amounted to $ 7,642 12,486 In the Company’s fiscal year ended May 31, 2020 (“Fiscal 2020”), the Company determined that it was more likely than not that the Company had a pre-existing tax liability related to prior periods. The Company has analyzed the liability and estimated it to be $ 265,349

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Aug. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 - SUBSEQUENT EVENTS The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q/A, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Aug. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management of Schmitt Industries, Inc. (the "Company", "Schmitt", "we" or "our"), the accompanying unaudited interim condensed consolidated financial statements, collectively hereinafter the “consolidated financial statements”, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly its financial position as of August 31, 2021 and its results of operations and its cash flows for the periods presented. The consolidated balance sheet at May 31, 2021 has been derived from the Annual Report on Form 10-K for the fiscal year ended May 31, 2021. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2021. Operating results for the interim periods presented are not necessarily indicative of the results that may be experienced for the fiscal year ending May 31, 2022.
Principles of Consolidation	Principles of Consolidation These condensed consolidated financial statements include those of the Company and its wholly owned subsidiaries: Schmitt Measurement Systems, Inc. and Ample Hills Acquisition LLC. All significant intercompany accounts and transactions have been eliminated in the preparation of the condensed consolidated financial statements.
Reclassification	Reclassification Certain amounts in the prior period consolidated balance sheet have been reclassified to conform to the presentation of the current period. These reclassifications had no effect on previously recorded net income.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with Generally Accepted Accounting Principles in the U.S. (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Liquidity	Liquidity Our primary source of liquidity is our cash flows from operating activities resulting from net income and management of working capital. As of August 31, 2021, our available funds consisted of $ 2,725,643 Investor On August 7, 2021, the Company received The Commitment Letter to Schmitt Industries (“Commitment”) from Michael Zapata, CEO. The Commitment states that Sententia Capital Management LLC (“SCM”) or its affiliated entities will provide additional capital as required to Schmitt up to $ 1,300,000
Business Combination	Business Combination On July 9, 2020, Ample Hills Acquisition LLC ("Buyer"), a New York limited liability company and wholly owned subsidiary of the Company, entered into an Asset Purchase Agreement (the "Agreement"), dated as of June 29, 2020, with Ample Hills Holdings, Inc., a Delaware corporation, Ample Hills Creamery, Inc., a New York corporation, and their subsidiaries (collectively, "Ample Hills"). The transactions contemplated by the Agreement (the "Transactions") closed on July 9, 2020, the day after a sale order approving the Transactions was entered by the Bankruptcy Court (defined below). The Ample Hills entities were debtors-in-possession under title 11 of the United States Code, 11 U.S.C. § 101 et seq. pursuant to voluntary petitions for relief filed under chapter 11 of the Bankruptcy Code on March 15, 2020 in the United States Bankruptcy Court for the Eastern District of New York (the "Bankruptcy Court"). The Transactions were conducted through a Bankruptcy Court-supervised process, subject to Bankruptcy Court-approved bidding procedures, approval of the Transactions by the Bankruptcy Court, and the satisfaction of certain closing conditions. The Agreement assigned to Buyer, or one or more of its affiliates, the Acquired Assets (as defined in the Agreement) and Buyer, or one or more of its affiliates, assumed the Assumed Liabilities (as defined in the Agreement) for a purchase price of $ 1,000,000 700,000 Ample Hills Business Acquisition The Company's strategy includes utilizing its capital for value opportunities. Accordingly, the primary purpose of the Ample Hills acquisition was to capitalize on this strategy by purchasing a business with a good brand name, which in light of the purchase price paid in bankruptcy, could have a significant upside. The Transactions were funded by the Company with cash on hand and has been accounted for in accordance with Accounting Standard Codification (“ASC”) 805 - Business Combinations
Revenue Recognition	Revenue Recognition The Company generates revenues from the following sources: (i) retail restaurant sales, (ii) factory sales, (iii) measurement product sales, and (iv) remote tank monitoring services. Retail Restaurant Sales, net The Company's Ice Cream Segment generates revenues from retail restaurant sales to its end-user customers at the time of sale, net of discounts, coupons, employee meals, and complimentary meals and gift cards. Sales tax is collected from customers and remitted to governmental authorities and is presented on a net basis within revenue in our consolidated statement of operations. Factory Sales, net The Company’s Ice Cream Segment generates revenues from sales of finished goods from its Brooklyn, New York factory, including wholesale, e-commerce, and direct-to-consumer sales. These revenues, net of sales tax paid to states, are recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. The Company also generates revenues by providing manufacturing production services to third parties, and recognizes revenues as services provided to the customer. Measurement Product Sales The Company’s Measurement Segment determines the amount of revenue it recognizes associated with the transfer of each product. For sales of products to all customers, each transaction is evaluated to determine whether there is approval and commitment from both the Company and the customer for the transaction; whether the rights of each party are specifically identified; whether the transaction has commercial substance; whether collectability from the customer is probable at the inception of the contract and whether the transaction amount is defined. If a transaction to sell products meets all of the above criteria, revenue is recognized for the sales of product at the time of shipment. The Company incurs commission expense associated with the sales of certain measurement products. The Company applies the practical expedient allowed under ASC 340-40-25-4 by recognizing the expense at the time the product is shipped. These amounts are recorded within selling, general and administrative expense. The Company also incurs costs related to shipping and handling of its products, which are expensed as incurred as a component of cost of sales. Remote Tank Monitoring Services The Company's Measurement Segment revenues associated with the Xact product line include satellite focused remote tank monitoring products and related monitoring services for markets in the Internet of Things environment (“IoT”). The Company determines the amount of revenue it recognizes associated with the transfer of such services. For delivery of monitoring services to all customers, each transaction is evaluated to determine whether there is approval and commitment from both the Company and the customer for the transaction; whether the rights of each party are specifically identified; whether the transaction has commercial substance; whether collectability from the customer is probable at the inception of the contract and whether the transaction amount is defined. If a transaction to provide monitoring services meets all of the above criteria, revenue is recognized at the completion of the month in which monitoring services are provided. Customer Deposits and Prepayments The Company defers recognition of revenues in instances where consideration is received from customers in advance of the Company completing its obligations in exchange for such consideration. As of August 31, 2021 and May 31, 2021, significant customer deposits and prepayments balances were as follows: August 31, 2021 May 31, 2021 Contract Liabilities Customer deposits, current $ 102,687 $ 55,464 Gift card liabilities, current 40,586 37,900 Total customer deposits and prepayments $ 143,273 $ 93,364
Seasonality	Seasonality The Company’s sales and earnings are seasonal for the Ice Cream Segment, with significantly higher sales and earnings occurring during the warmer months of the year, which causes fluctuations in the Company’s quarterly results of operations. In addition, quarterly results have been, and in the future are likely to be, affected by the timing of new store openings. Because of the seasonality of the Company’s business and the impact of new store openings, results for any quarter are not necessarily indicative of the results that may be achieved in other quarters.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company generally invests its excess cash in money market funds. The Company's investment policy also allows for cash to be invested in investment grade highly liquid securities, and the Company considers securities that are highly liquid, readily convertible into cash and have original maturities of less than three months when purchased to be cash equivalents. The Company's cash consists of demand deposits in large financial institutions. At times, balances may exceed federally insured limits.
Accounts Receivable, net	Accounts Receivable, net The Company maintains credit limits for all customers based on several factors, including but not limited to financial condition and stability, payment history, published credit reports and use of credit references. Management performs various analyses to evaluate accounts receivable balances to ensure recorded amounts reflect estimated net realizable value. This review includes using accounts receivable aging reports, other operating trends and relevant business conditions, including general economic factors, as they relate to each of the Company's domestic and international customers. In the event there is doubt about whether a customer account is collectible, a reserve is recorded. If these analyses lead management to the conclusion that a customer account is uncollectible, the balance will be directly charged to bad debt expense. Accounts receivable, net consisted of the following: August 31, May 31, 2021 2021 Accounts receivable $ 1,079,748 $ 1,252,968 Less: allowance for doubtful accounts (98,327 ) (98,323 ) Accounts receivable, net $ 981,421 $ 1,154,645
Inventories, net	Inventories, net Inventories, net are valued at the lower of cost or net realizable value with cost determined on the average cost basis. Costs included in inventories consist of materials, labor and manufacturing overhead, which are related to the purchase or production of inventories. Write-downs, when required, are made to reduce excess inventories to their net realizable values. Such estimates are based on assumptions regarding future demand and market conditions. If actual conditions become less favorable than the assumptions used, an additional inventory write-down may be required. As of August 31, 2021 and May 31, 2021 inventories consisted of the following: August 31, 2021 (As Restated) May 31, 2021 Raw materials $ 1,059,697 $ 901,464 Work-in-process 28,396 35,160 Finished goods 842,047 731,826 Total inventories 1,930,140 1,668,450 Inventory reserves (100,779 ) (115,140 ) Inventory, net $ 1,829,361 $ 1,553,310
Property and Equipment, net	Property and Equipment, net Minimum Maximum Vehicles Property and equipment, net are stated at cost, less depreciation and amortization. Depreciation is computed using the straight-line method over estimated useful lives of three seven three twenty-five August 31, 2021 (As Restated) May 31, 2021 Land Land $ 159,000 $ 159,000 Buildings and improvements Buildings and Improvements 3,053,834 2,989,140 Furniture, fixtures and equipment Furniture, Fixtures and Equipment 1,840,685 1,788,784 Total property and equipment 5,053,519 4,936,924 Less accumulated depreciation (2,220,799 ) (2,112,907 ) Total property and equipment, net $ 2,832,720 $ 2,824,017
Assets Held for Sale	Assets Held for Sale The Company owns a two story 35,050 25 August 31, 2021 May 31, 2021 Land $ 140,000 $ 140,000 Buildings and improvements 246,135 246,135 Total property and equipment-held for sale 386,135 386,135 Less accumulated depreciation (211,288 ) (211,288 ) Total property and equipment, net held for sale $ 174,847 $ 174,847
Leases	Leases On November 22, 2019, the Company entered in a commercial lease agreement in which it is the lessor. This lease has been accounted for pursuant to Topic 842. The Company elected the practical expedient to not separate lease and non-lease components and will present property revenues as other income, combined based upon the lease being determined to be the predominant component. On November 22, 2019, the Company entered into a triple-net lease agreement with Tosei Engineering Corp. and Tosei America, Inc. (collectively "Tosei"), whereby Tosei will lease the Company's building located at 2451 NW 28 th 23,282 120 The lessor commercial agreement contains a 10 On July 9, 2020, the Company executed a business combination through its acquisition of Ample Hills. In connection with this business combination, the Company became the lessee for multiple leased stores and a manufacturing facility. Upon acquisition, the Company renegotiated the terms of these leases. Upon acquisition, the lease liabilities were measured based upon the present value of future lease payments. On October 1, 2020 the Company entered into a triple-net lease agreement in which it is the lessor (the "Humboldt Lease") with Humboldt Street Collective, LLC ("Humboldt"), whereby Humboldt will lease the Company's building located at 2765-2755 NW Nicolai Street, Portland, OR 97210 for a monthly fee of $ 3,185 62 On December 1, 2020 the Company entered into a triple-net lease agreement in which it is the lessor (the “Second Humboldt Lease”) with Humboldt, whereby Humboldt will lease a portion of the Company’s building located at 2451 NW 28th Avenue, Portland, OR 97210 for a monthly fee of $ 4,596 59
Bargain Purchase Gain	Bargain Purchase Gain In connection with the acquisition of Ample Hills on July 9, 2020, the Company recognized an initial bargain purchase gain of $ 1,271,615 132,807 1,138,808 Ample Hills Business Acquisition
Intangible Assets and Impairment	Intangible Assets and Impairment Indefinite-Lived Intangible Assets The Company’s indefinite-lived assets included tradenames and trademarks for the Company’s Ice Cream Segment. The Company reviews the carrying values of identifiable intangibles annually or whenever events or changes in circumstances indicate that such carrying values may not be recoverable as required by ASC 350, Intangibles — Goodwill and Other Unforeseen events, changes in circumstances, market conditions and material differences in the value of intangible assets due to changes in estimates of future cash flows could negatively affect the fair value of the Company’s assets and result in a non-cash impairment charge. Some factors considered important that could trigger an impairment review include the following: significant underperformance relative to expected historical or projected future operating results, significant c hanges in the manner of the Company’s use of acquired assets or the strategy for its overall business and significant negative industry or economic trends. During the fourth quarter of the year ended May 31, 2021, the Company made an evaluation based on factors such as changes in the Ice Cream Segment’s forecasted financial information, and concluded that a triggering event for an interim impairment analysis had occurred. As part of qualitative assessment, it was determined that the carrying value of the Ample Hills tradename exceeded its estimated fair value. The tradename was valued using the relief-from-royalty method – a variation of the income approach – which was used for the initial valuation of the tradename in connection with the Company’s acquisition of Ample Hills. Due to a reduction in estimated total enterprise value as a result of the change in financial projections, there is no incremental fair value to allocate to the tradename. Therefore, the Company recognized an impairment loss in the amount of $ 903,422 Finite-Lived Intangible Assets Amortizable intangible assets include purchased technology and patents for the Company’s Measurement Segment and proprietary recipes and the Company’s website for its Ice Cream Segment. These assets are amortized over their estimated useful lives ranging from three to fifteen years. Amortization of intangible assets is recorded in selling, general and administrative expenses in the consolidated statements of operations. The Company reviews finite-lived intangible assets for impairment annually or whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. Recoverability is determined by comparing the forecasted future net undiscounted cash flows from the operations to which the assets relate, based on management's best estimates using the appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined to be in excess of such undiscounted cash flows, the asset is considered impaired and a loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the assets, which is determined by discounting future projected cash flows.
Other Accrued Liabilities	Other Accrued Liabilities Other accrued liabilities were $ 1,438,907 694,590 821,341 617,566 815,999 5,342 523,955 69,846 29,547 5,782
Advertising	Advertising Advertising costs included in selling, general and administrative expenses are expensed when the advertising first takes place. Advertising expense was $ 12,688 1,078
Research and Development Costs	Research and Development Costs Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred.
Shipping and Handling	Shipping and Handling The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory.
Warranty Reserve	Warranty Reserve Warranty costs are estimated and charged to operating expense to cover a defined warranty period. The estimated warranty cost is based on the history of warranty claims for each particular product type. For new product types without a warranty history, preliminary estimates are based on historical information for similar product types. The warranty reserve accrual, included in other accrued liabilities, is reviewed periodically and updated based on warranty trends.
Stock-Based Compensation/Restricted Stock Units	Stock-Based Compensation/Restricted Stock Units Stock-based compensation includes expense charges for all stock-based awards to employees and directors granted under the Company's stock option plan. The Company requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options based on estimated fair values. Stock-based compensation recognized during the period is based on the value of the portion of the stock-based award that will vest during the period, adjusted for expected forfeitures. Compensation cost for all stock-based awards is recognized using the straight-line method. Restricted Stock Units Service-based and market-based restricted stock units (“RSUs”) are granted to key employees and members of the Company's Board of Directors. Service-based RSUs generally fully vest on the first anniversary date of the award. Market-based RSUs are contingent on continued service and vest based on the 15-day average closing price of the Company's common stock equal or exceeding certain targets established by the Compensation Committee of the Board of Directors. The lattice model utilizes multiple input variables that determine the probability of satisfying the market conditions stipulated in the award and calculates the fair value of the market-based RSUs. The expected stock price volatility for each grant is based on the historical volatility of the Company's stock for a period equivalent to the derived service period of each grant. The expected dividend yield is based on annual expected dividend payments. The average risk-free interest rate is based on the treasury yield rates as of the date of grant for a period equivalent to the derived service period of each grant. The fair value of each RSU is amortized over the requisite or derived service period, which is up to five years.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Management continues to review the level of the valuation allowance on a quarterly basis. Additionally, deferred tax assets are evaluated and a valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. There can be no assurance that the Company’s future operations will produce sufficient earnings to allow for the deferred tax asset to be fully utilized. The Company currently maintains a full valuation allowance against net deferred tax assets. Each year the Company files income tax returns in the various taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the taxing authorities. Positions challenged by the taxing authorities may be settled or appealed by the Company. As a result, there is an uncertainty in income taxes recognized in the Company's financial statements in accordance with ASC Topic 740. The Company applies this guidance by defining criteria that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise's financial statements and provides guidance on measurement, de-recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition.
(Loss) Earnings Per Share	(Loss) Earnings Per Share Basic (loss) earnings per share is computed using the weighted-average number of common shares outstanding. Diluted (loss) earnings per share is computed using the weighted-average number of common shares outstanding, adjusted for dilutive incremental shares attributed to outstanding options to purchase common stock. Common stock equivalents for stock options are computed using the treasury stock method. In periods in which a net loss is incurred, no common stock equivalents are included since they are antidilutive and as such all stock options outstanding are excluded from the computation of diluted net loss in those periods. There were no potentially dilutive common shares from outstanding stock options for the three months ended August 31, 2021 as a result of the Company’s net loss.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially expose the Company to concentration of credit risk are trade accounts receivable. Credit terms generally require an invoice to be paid within 30 to 60 days or include a discount of up to 1.5% if the invoice is paid within ten days, with the net amount payable in 30 days. Terms are set for each account depending on the customer's credit standing with the Company.
Financial Instruments	Financial Instruments The carrying value of all other financial instruments potentially subject to valuation risk (principally consisting of cash and cash equivalents, accounts receivable, accounts payable, the current portion of PPP loans, customer deposits and prepayments) approximates fair value because of their short-term maturities.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Aug. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies - Schedule of Customer Deposits and Prepayments	August 31, 2021 May 31, 2021 Contract Liabilities Customer deposits, current $ 102,687 $ 55,464 Gift card liabilities, current 40,586 37,900 Total customer deposits and prepayments $ 143,273 $ 93,364
Summary of Significant Accounting Policies - Schedule of Accounts Receivable, net	August 31, May 31, 2021 2021 Accounts receivable $ 1,079,748 $ 1,252,968 Less: allowance for doubtful accounts (98,327 ) (98,323 ) Accounts receivable, net $ 981,421 $ 1,154,645
Summary of Significant Accounting Policies - Schedule of Inventory, Current	August 31, 2021 (As Restated) May 31, 2021 Raw materials $ 1,059,697 $ 901,464 Work-in-process 28,396 35,160 Finished goods 842,047 731,826 Total inventories 1,930,140 1,668,450 Inventory reserves (100,779 ) (115,140 ) Inventory, net $ 1,829,361 $ 1,553,310
Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment, net	August 31, 2021 (As Restated) May 31, 2021 Land Land $ 159,000 $ 159,000 Buildings and improvements Buildings and Improvements 3,053,834 2,989,140 Furniture, fixtures and equipment Furniture, Fixtures and Equipment 1,840,685 1,788,784 Total property and equipment 5,053,519 4,936,924 Less accumulated depreciation (2,220,799 ) (2,112,907 ) Total property and equipment, net $ 2,832,720 $ 2,824,017
Summary of Significant Accounting Policies - Schedule of Assets Held for Sale	August 31, 2021 May 31, 2021 Land $ 140,000 $ 140,000 Buildings and improvements 246,135 246,135 Total property and equipment-held for sale 386,135 386,135 Less accumulated depreciation (211,288 ) (211,288 ) Total property and equipment, net held for sale $ 174,847 $ 174,847

RESTATEMENT OF PREVIOUSLY ISS_2

RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Aug. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Condensed Consolidated Financial Statements - Schedule of Prior Period Adjustments	The following reflects the restatement adjustments recorded in connection with the Company’s restatement of its consolidated financial statements: Restatement of Previously Issued Condensed Consolidated Financial Statements - Schedule of Prior Period Adjustments Balance Sheet As of August 31, 2021 As previously Reported Adjustment As Restated Reference ASSETS Current Assets Cash and cash equivalents $ 2,725,643 $ — $ 2,725,643 Accounts receivable, net 981,421 — 981,421 Inventories, net 1,823,337 6,024 1,829,361 A Prepaid expenses 203,625 — 203,625 Other current assets 264,476 — 264,476 Income tax receivable 3,676 (2,573 ) 1,103 A Total current assets 6,002,178 3,451 6,005,629 A Leasehold assets 10,131,277 — 10,131,277 Property and equipment, net 2,831,052 1,668 2,832,720 A Property and equipment held for sale, net 174,847 — 174,847 Leasehold, utilities, and ERP deposits 513,946 64,835 578,781 A, B Other assets Intangible assets, net 305,846 — 305,846 Total Assets $ 19,959,146 $ 69,954 $ 20,029,100 A, B LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 604,219 $ (3,745 ) $ 600,474 A Accrued commissions 49,806 (25,639 ) 24,167 A Accrued payroll liabilities 616,168 (22,691 ) 593,477 A Accrued liabilities 627,532 (5,464 ) 622,068 A Customer deposits and prepayments 143,273 — 143,273 Other accrued liabilities 738,650 700,257 1,438,907 A Current portion of long-term lease liabilities 815,141 — 815,141 Current portion of long-term debt 670,517 — 670,517 Total current liabilities 4,265,306 642,718 4,908,024 A Long-term debt 2,800,505 — 2,800,505 Long-term leasehold liabilities 10,141,864 — 10,141,864 Total liabilities 17,207,675 642,718 17,850,393 A Total stockholders' equity Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively 12,250,286 — 12,250,286 Accumulated deficit (9,498,815 ) (572,764 ) (10,071,579 ) A, B Total stockholders' equity 2,751,471 (572,764 ) 2,178,707 A, B TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,959,146 $ 69,954 $ 20,029,100 A, B As Previously Reported Statement of Operations For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Net sales $ 3,759,175 $ — $ 3,759,175 Cost of revenue 1,349,975 119,175 1,469,150 A Gross profit 2,409,200 (119,175 ) 2,290,025 A Operating expenses Selling, general and administrative 4,130,686 519,866 4,650,552 A Research & development 9,265 — 9,265 Total operating expenses 4,139,951 519,866 4,659,817 A Operating loss (1,730,751 ) (639,041 ) (2,369,792 ) A Forgiveness of PPP loans 588,534 — 588,534 Interest expense (11,276 ) — (11,276 ) Other income, net 112,029 72,127 184,156 B Loss before income taxes (1,041,464 ) (566,914 ) (1,608,378 ) A, B Income tax provision 3,575 5,850 9,425 A Net loss $ (1,045,039 ) $ (572,764 ) $ (1,617,803 ) A, B Net loss (1,045,039 ) (572,764 ) (1,617,803 ) A, B Net loss per common share Basic $ (0.28 ) $ (0.15 ) $ (0.43 ) A, B Weighted average number of common shares, basic 3,780,439 — 3,780,439 Diluted $ (0.28 ) $ (0.15 ) $ (0.43 ) A, B Weighted average number of common shares, diluted 3,780,439 — 3,780,439 Statement of Cash Flows For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Cash flows relating to operating activities Net loss $ (1,045,039 ) $ (572,764 ) $ (1,617,803 ) A, B Adjustments to reconcile net loss to net cash used in operating activities: Forgiveness of PPP Loan (588,534 ) — (588,534 ) Depreciation and amortization 149,478 — 149,478 Stock-based compensation 26,927 — 26,927 Non-cash lease costs 90,018 — 90,018 (Increase) decrease in: Accounts receivable, net 173,224 — 173,224 Inventories, net (270,027 ) (6,024 ) (276,051 ) A Prepaid expenses (5,280 ) — (5,280 ) Other current assets (264,476 ) — (264,476 ) Rent, Utility Deposits, & ERP Deposits (82,138 ) (64,835 ) (146,973 ) A, B Increase (decrease) in: Accounts payable 20,469 (3,745 ) 16,724 A Accrued liabilities and customer deposits 334,108 646,463 980,571 A Income taxes payable 14,381 2,573 16,954 A Net cash used in operating activities $ (1,446,889 ) $ 1,668 $ (1,445,221 ) A, B Cash flows relating to investing activities Purchases of property and equipment (124,634 ) (1,668 ) (126,302 ) A Net cash used in investing activities $ (124,634 ) $ (1,668 ) $ (126,302 ) A Cash flows relating to financing activities Proceeds from Paycheck Protection Program 264,476 — 264,476 Net cash provided by financing activities $ 264,476 $ — $ 264,476 Decrease in cash and cash equivalents (1,307,047 ) — (1,307,047 ) Cash and cash equivalents, beginning of period 4,032,690 — 4,032,690 Cash and cash equivalents, end of period 2,725,643 — 2,725,643 Supplemental disclosure of cash flow information Cash paid during the period for income taxes 10,806 — 10,806 Cash paid during the period for interest — — — Segment Information-Ice Cream For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Reference Revenue, net $ 2,955,755 $ — $ 2,955,755 Gross Margin $ 2,009,190 $ (73,010 ) $ 1,936,180 A Gross Margin % 68.0 % (2.5 %) 65.5 % A Operating loss $ (1,215,218 ) $ (412,871 ) $ (1,628,089 ) A, B Depreciation expense $ 107,892 $ — $ 107,892 Amortization expense $ 5,733 $ — $ 5,733 Capital expenditures $ 124,634 $ 1,668 $ 126,302 A Segment Information-Measurement For the three months ended August 31, 2021 As previously Reported Adjustment As Restated Revenue, net $ 803,420 $ — $ 803,420 Gross Margin $ 400,010 $ (46,165 ) $ 353,845 A Gross Margin % 49.8 % (5.8 %) 44.0 % A Operating loss $ (515,533 ) $ (226,170 ) $ (741,703 ) A Depreciation expense $ 9,707 $ — $ 9,707 Amortization expense $ 26,146 $ — $ 26,146 Capital expenditures $ — $ — $ — Segment Information- Assets As of August 31, 2021 As previously Reported Adjustment As Restated Ice Cream Segment $ 9,975,115 $ 72,527 $ 10,047,642 A, B Measurement Segment 1,939,006 (2,573 ) 1,936,433 A Corporate assets 8,045,025 — 8,045,025 Total Assets $ 19,959,146 $ 69,954 $ 20,029,100 A, B

AMPLE HILLS BUSINESS ACQUISIT_2

AMPLE HILLS BUSINESS ACQUISITION (Tables)	3 Months Ended
	Aug. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Ample Hills Business Acquisition - Schedule of Purchase Price Allocation	The following table summarizes the Company's fair value of the assets acquired, and liabilities assumed, as of July 9, 2020, for the Company's acquisition of Ample Hills. Ample Hills Business Acquisition - Schedule of Purchase Price Allocation Purchase Price Cash paid to sellers $ 1,000,000 Cash paid for cure costs 713,404 Total Purchase Price $ 1,713,404 Purchase Price Allocation Assets Acquired Right-of-use operating lease assets 10,645,098 Website 25,445 Tradename and trademarks 903,422 Proprietary recipes 146,739 Security deposits 225,180 Machinery and equipment 564,553 Leasehold improvements 815,798 Inventory 632,100 Total assets acquired $ 13,958,335 Liabilities Assumed Right-of-use operating lease liabilities 10,645,098 Deferred tax liability 405,688 Customer deposits 20,204 Gift card liabilities 35,133 Total liabilities assumed $ 11,106,123 Net assets acquired 2,852,212 Gain on bargain purchase $ 1,138,808

STOCK OPTIONS AND STOCK-BASED_2

STOCK OPTIONS AND STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Aug. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock Options and Stock-Based Compensation - Schedule of Stock Option Activity	Outstanding Options Exercisable Options Number of Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Life (years) Number of Shares Weighted- Average Exercise Price 22,500 $ 1.70 5.8 22,500 $ 1.70
Stock Options and Stock-Based Compensation - Schedule of Restricted Stock Unit Activity	RSU activity under the Company's stock-based compensation plans during the three months ended August 31, 2021 is summarized as follows: Stock Options and Stock-Based Compensation - Schedule of Restricted Stock Unit Activity Number of Units Weighted-Average Price at Grant Date Aggregate Intrinsic Value Non-vested RSUs - May 31, 2021 34,237 $ 4.71 $ 161,400 RSUs granted 664 $ 5.31 3,526 RSUs vested (13,977 ) $ 3.81 (53,215 ) Non-vested RSUs – August 31, 2021 20,924 $ 5.34 $ 111,711

WEIGHTED-AVERAGE SHARES AND R_2

WEIGHTED-AVERAGE SHARES AND RECONCILIATION (Tables)	3 Months Ended
	Aug. 31, 2021
Net (loss) income per common share
Weighted-Average Shares and Reconciliation - Schedule of Weighted-Average Number of Shares	Basic weighted-average shares for the three months ended August 31, 2021 and August 31, 2020 were as follows: Weighted-Average Shares and Reconciliation - Schedule of Weighted-Average Number of Shares Three Months Ended 2021 2020 Weighted-average shares (basic) 3,780,439 3,763,752 Effect of dilutive stock options — 12,742 Weighted-average shares (diluted) 3,780,439 3,776,494

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Aug. 31, 2021
Leases [Abstract]
Leases - Schedule of Future Minimum Lease Payments Receivable	Years Ending May 31, 2022 $ 219,963 2023 300,666 2024 309,870 2025 319,164 2026 328,740 Thereafter 1,228,860 Total undiscounted cash flow $ 2,707,263
Leases - Schedule of Future Minimum Lease Payments Receivable - Humboldt Lease	Years Ending May 31, 2022 $ 42,189 2023 57,656 2024 59,386 2025 61,167 2026 31,036 Thereafter — Total undiscounted cash flow $ 251,434
Leases - Schedule of Future Minimum Lease Payments Receivable - Second Humboldt Lease	Years Ending May 31, 2022 $ 29,428 2023 40,151 2024 41,356 2025 42,597 2026 14,338 Thereafter — Total undiscounted cash flow $ 167,870
Leases - Schedule of Lease Terms and Discount Rates	The Company's future minimum lease payments required under operating leases that have commenced as of August 31, 2021 were as follows: Leases - Schedule of Future Minimum Lease Payments for Operating Leases Other Liabilities Years Ending May 31, 2021 2022 $ 1,122,800 2023 1,714,502 2024 1,720,065 2025 1,694,403 2026 1,464,115 Thereafter 5,203,655 Total lease payments 12,919,540 Less: imputed interest (1,962,535) Present value of lease payments 10,957,005 less: current lease obligations (815,141) Long-term lease obligations $ 10,141,864 In order to calculate the operating lease asset and liability for a lease, ASC 842 - Leases Lease term and discount rates were as follows: Leases - Schedule of Lease Terms and Discount Rates August 31, 2021 Weighted-average remaining lease term (years) 7.14 Weighted-average discount rate 3.87 %
Leases - Schedule of Lease Terms and Discount Rates	Lease term and discount rates were as follows: Leases - Schedule of Lease Terms and Discount Rates August 31, 2021 Weighted-average remaining lease term (years) 7.14 Weighted-average discount rate 3.87 %

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Aug. 31, 2021
Segment Reporting [Abstract]
Segment Information - Schedule of Segment Reporting Information by Segment	Three Months Ended August 31, 2021 (As Restated) 2020 Ice Cream Measurement Ice Cream Measurement Revenue, net $ 2,955,755 $ 803,420 $ 501,420 $ 1,006,065 Gross margin $ 1,936,180 $ 353,845 $ 230,221 $ 394,222 Gross margin % 65.5 % 44.0 % 45.9 % 39.2 % Operating loss $ (1,628,089 ) $ (741,703 ) $ (962,754 ) $ (658,938 ) Depreciation expense $ 107,892 $ 9,707 $ 35,326 $ 20,908 Amortization expense $ 5,733 $ 26,146 $ 163,102 $ 26,145 Capital expenditures $ 126,302 $ — $ 120,663 $ 12,640
Segment Information - Schedule of Segment Reporting by Segment Assets	August 31, 2021 (As Restated) May 31, 2021 Segment assets to total assets Ice Cream Segment $ 10,047,642 $ 10,713,832 Measurement Segment 1,936,433 2,565,701 Corporate assets 8,045,025 7,894,397 Total assets $ 20,029,100 $ 21,173,930

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Aug. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets - Schedule of Finite-Lived Intangible Assets	As of August 31, 2021 Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Finite-lived intangible assets subject to amortization: Measurement Segment Patented technology 15 $ 1,663,538 $ (1,502,081 ) $ 161,457 Measurement Segment finite-lived assets 1,663,538 (1,502,081 ) 161,457 Ice Cream Segment Proprietary recipes 10 146,739 (17,589 ) 129,150 Company website 3 25,445 (10,206 ) 15,239 Ice Cream Segment finite-lived intangible assets 172,184 (27,795 ) 144,389 Total finite-lived intangible assets $ 1,835,722 $ (1,529,876 ) $ 305,846
Intangible Assets - Schedule of Finite-Lived Intangible Assets Future Amortization Expense	Estimated amortization expense for each of the following years is as follows: Intangible Assets - Schedule of Finite-Lived Intangible Assets Future Amortization Expense Year Ending May 31, 2022 $ 95,637 2023 101,370 2024 15,313 2025 14,621 2026 14,621 Thereafter 64,284 Total expected amortization expense $ 305,846

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Aug. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt - Schedule of Long-Term Debt	Loan Amount Issuance Date Maturity Period Interest Rate PPP Loans Ample Hills $ 1,471,022 July 30, 2020 5 1.0 % Ample Hills 2,000,000 April 6, 2021 5 1.0 % Total PPP Loan Balance $ 3,471,022
Long-Term Debt - Schedule of Debt	As of August 31, 2021 and May 31, 2021, the Company has the following current and long-term liabilities recorded for the PPP loans: Long-Term Debt - Schedule of Debt August 31, 2021 May 31, 2021 PPP Loan Balance Current $ 670,517 $ 541,691 Long-term 2,800,505 3,253,389 Total PPP Loan Balance $ 3,471,022 $ 3,795,080

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Customer Deposits and Prepayments (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Contract Liabilities
Customer deposits, current	$ 102,687	$ 55,464
Gift card liabilities, current	40,586	37,900
Total customer deposits and prepayments	$ 143,273	$ 93,364

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Accounts Receivable, net (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Accounting Policies [Abstract]
Accounts receivable	$ 1,079,748	$ 1,252,968
Less: allowance for doubtful accounts	(98,327)	(98,323)
Accounts receivable, net	$ 981,421	$ 1,154,645

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Inventory, Current (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Accounting Policies [Abstract]
Raw materials	$ 1,059,697	$ 901,464
Work-in-process	28,396	35,160
Finished goods	842,047	731,826
Total inventories	1,930,140	1,668,450
Inventory reserves	(100,779)	(115,140)
Inventory, net	$ 1,829,361	$ 1,553,310

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment, net (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 5,053,519	$ 4,936,924
Less accumulated depreciation	(2,220,799)	(2,112,907)
Total property and equipment, net	2,832,720	2,824,017
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	159,000	159,000
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	3,053,834	2,989,140
Furniture, Fixtures and Equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,840,685	$ 1,788,784

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Assets Held for Sale (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Total property and equipment-held for sale	$ 5,053,519	$ 4,936,924
Less accumulated depreciation	(2,220,799)	(2,112,907)
Total property and equipment, net held for sale	2,832,720	2,824,017
Assets Held For Sale
Long Lived Assets Held-for-sale [Line Items]
Land	140,000	140,000
Buildings and improvements	246,135	246,135
Total property and equipment-held for sale	386,135	386,135
Less accumulated depreciation	(211,288)	(211,288)
Total property and equipment, net held for sale	$ 174,847	$ 174,847

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended		12 Months Ended
	Aug. 31, 2021 USD ($) ft²	Aug. 31, 2020 USD ($)	May 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Cash and cash equivalents	$ 2,725,643		$ 4,032,690
Cash paid to sellers			1,000,000
Additional payout to certain landlords			700,000
Initial bargain purchase gain			1,271,615
Initial bargain purchase gain adjustment			132,807
Total bargain purchase gain			1,138,808
Impairment of intangible assets			903,422
Other accrued liabilities	1,438,907		$ 694,590
Advertising expense	12,688	$ 1,078
As Restated
Property, Plant and Equipment [Line Items]
Cash and cash equivalents	0
Other accrued liabilities	700,257
Ice Cream
Property, Plant and Equipment [Line Items]
Other accrued liabilities	821,341
Accrued routine operating expenses	815,999
Unearned revenue	5,342
Measurement
Property, Plant and Equipment [Line Items]
Accrued routine operating expenses	523,955
Accrued royalty expenses	69,846
Warranty reserve	29,547
Miscellaneous other accrued liabilities	5,782
Measurement | As Restated
Property, Plant and Equipment [Line Items]
Other accrued liabilities	617,566
Triple-Net Lease Agreement, Tosei America, Inc.
Property, Plant and Equipment [Line Items]
Monthly fee payment	$ 23,282
Term of monthly lease payments	120 months
Lease renewal term	10 years
Triple-Net Lease Agreement, Humboldt Lease
Property, Plant and Equipment [Line Items]
Monthly fee payment	$ 3,185
Term of monthly lease payments	62 months
Triple-Net Lease Agreement, The Second Humboldt Lease
Property, Plant and Equipment [Line Items]
Monthly fee payment	$ 4,596
Term of monthly lease payments	59 months
Assets Held For Sale
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Industrial building | ft²	35,050
Furniture, Fixtures and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture, Fixtures and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Investor
Property, Plant and Equipment [Line Items]
Commitment for additional capital	$ 1,300,000

Restatement of Previously Iss_3

Restatement of Previously Issued Condensed Consolidated Financial Statements - Schedule of Prior Period Adjustments (Details) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021	May 31, 2020
Current Assets
Cash and cash equivalents	$ 2,725,643		$ 4,032,690
Accounts receivable, net	981,421		1,154,645
Inventories, net	1,829,361		1,553,310
Prepaid expenses	203,625		198,345
Other current assets	264,476		0
Income tax receivable	1,103		18,057
Total current assets	6,005,629		6,957,047
Leasehold assets	10,131,277		10,448,486
Property and equipment, net	2,832,720		2,824,017
Property and equipment held for sale, net	174,847		174,847
Leasehold, utilities, and ERP deposits	578,781		431,808
Other assets
Intangible assets, net	305,846		337,725
Total assets	20,029,100		21,173,930
Current liabilities
Accounts payable	600,474		583,750
Accrued commissions	24,167		60,614
Accrued payroll liabilities	593,477		527,608
Accrued liabilities	622,068		465,146
Customer deposits and prepayments	143,273		93,364
Other accrued liabilities	1,438,907		694,590
Current portion of long-term lease liabilities	815,141		1,042,331
Current portion of long-term debt	670,517		541,691
Total current liabilities	4,908,024		4,009,094
Long-term debt	2,800,505		3,253,389
Long-term leasehold liabilities	10,141,864		10,141,864
Total liabilities	17,850,393		17,404,347
Total stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively	12,250,286		12,223,359
Accumulated deficit	(10,071,579)		(8,453,776)
Total stockholders' equity	2,178,707	$ 11,992,166	3,769,583	$ 11,893,202
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	20,029,100		21,173,930
Net sales	3,759,175	1,507,485
Cost of revenue	1,469,150	899,841
Gross Margin	2,290,025	607,644
Operating expenses
Selling, general and administrative	4,650,552	2,086,716
Research & development	9,265	17,453
Total operating expenses	4,659,817	2,229,336
Operating loss	(2,369,792)	(1,621,692)
Forgiveness of PPP loans	588,534	0
Interest expense	(11,276)	(2,511)
Other income, net	184,156	98,580
Loss before income taxes	(1,608,378)	(254,008)
Income tax provision	9,425	(404,667)
Net loss	(1,617,803)
Net loss	$ (1,617,803)	$ 150,659
Net loss per common share
Basic	$ (0.43)	$ 0.04
Weighted average number of common shares, basic	3,780,439	3,763,752
Diluted	$ (0.43)	$ 0.04
Weighted average number of common shares, diluted	3,780,439	3,776,494
Adjustments to reconcile net loss to net cash used in operating activities:
Forgiveness of PPP Loan	$ (588,534)	$ 0
Depreciation and amortization	149,478	245,481
Stock-based compensation	26,927	182,822
Non-cash lease costs	90,018	0
Increase (decrease) in:
Accounts receivable, net	173,224	(69,370)
Inventories, net	(276,051)	(132,252)
Prepaid expenses	(5,280)	(65,654)
Other current assets	(264,476)	0
Rent, Utility Deposits, & ERP Deposits	(146,973)	(33,030)
Accounts payable	16,724	419,433
Accrued liabilities and customer deposits	980,571	141,670
Income taxes payable	16,954	(404,667)
Net cash used in operating activities	(1,445,221)	(836,523)
Cash flows relating to investing activities
Purchases of property and equipment	(126,302)	(133,303)
Net cash used in investing activities	(126,302)	(1,802,180)
Cash flows relating to financing activities
Proceeds from Paycheck Protection Program	264,476	1,777,964
Net cash provided by financing activities	264,476	1,543,447
Decrease in cash and cash equivalents	(1,307,047)	(1,095,256)
Cash and cash equivalents, beginning of period	4,032,690	10,566,531
Cash and cash equivalents, end of period	2,725,643	9,471,275
Supplemental disclosure of cash flow information
Cash paid during the period for income taxes	10,806	0
Cash paid during the period for interest	0	616
Ice Cream
Other assets
Total assets	10,047,642		10,713,832
Total stockholders' equity
Gross Margin	1,936,180	230,221
Operating expenses
Operating loss	(1,628,089)	(962,754)
Supplemental disclosure of cash flow information
Revenue, net	$ 2,955,755	$ 501,420
Gross margin %	65.50%	45.90%
Depreciation expense	$ 107,892	$ 35,326
Amortization expense	5,733	163,102
Capital expenditures	126,302	120,663
Measurement
Other assets
Total assets	1,936,433		2,565,701
Total stockholders' equity
Gross Margin	353,845	394,222
Operating expenses
Operating loss	(741,703)	(658,938)
Supplemental disclosure of cash flow information
Revenue, net	$ 803,420	$ 1,006,065
Gross margin %	44%	39.20%
Depreciation expense	$ 9,707	$ 20,908
Amortization expense	26,146	26,145
Capital expenditures	0	$ 12,640
Corporate Assets
Other assets
Total assets	8,045,025		$ 7,894,397
As Previously Reported
Current Assets
Cash and cash equivalents	2,725,643
Accounts receivable, net	981,421
Inventories, net	1,823,337
Prepaid expenses	203,625
Other current assets	264,476
Income tax receivable	3,676
Total current assets	6,002,178
Leasehold assets	10,131,277
Property and equipment, net	2,831,052
Property and equipment held for sale, net	174,847
Leasehold, utilities, and ERP deposits	513,946
Other assets
Intangible assets, net	305,846
Total assets	19,959,146
Current liabilities
Accounts payable	604,219
Accrued commissions	49,806
Accrued payroll liabilities	616,168
Accrued liabilities	627,532
Customer deposits and prepayments	143,273
Other accrued liabilities	738,650
Current portion of long-term lease liabilities	815,141
Current portion of long-term debt	670,517
Total current liabilities	4,265,306
Long-term debt	2,800,505
Long-term leasehold liabilities	10,141,864
Total liabilities	17,207,675
Total stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively	12,250,286
Accumulated deficit	(9,498,815)
Total stockholders' equity	2,751,471
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	19,959,146
Net sales	3,759,175
Cost of revenue	1,349,975
Gross Margin	2,409,200
Operating expenses
Selling, general and administrative	4,130,686
Research & development	9,265
Total operating expenses	4,139,951
Operating loss	(1,730,751)
Forgiveness of PPP loans	588,534
Interest expense	(11,276)
Other income, net	112,029
Loss before income taxes	(1,041,464)
Income tax provision	3,575
Net loss	(1,045,039)
Net loss	$ (1,045,039)
Net loss per common share
Basic	$ (0.28)
Weighted average number of common shares, basic	3,780,439
Diluted	$ (0.28)
Weighted average number of common shares, diluted	3,780,439
Adjustments to reconcile net loss to net cash used in operating activities:
Forgiveness of PPP Loan	$ (588,534)
Depreciation and amortization	149,478
Stock-based compensation	26,927
Non-cash lease costs	90,018
Increase (decrease) in:
Accounts receivable, net	173,224
Inventories, net	(270,027)
Prepaid expenses	(5,280)
Other current assets	(264,476)
Rent, Utility Deposits, & ERP Deposits	(82,138)
Accounts payable	20,469
Accrued liabilities and customer deposits	334,108
Income taxes payable	14,381
Net cash used in operating activities	(1,446,889)
Cash flows relating to investing activities
Purchases of property and equipment	(124,634)
Net cash used in investing activities	(124,634)
Cash flows relating to financing activities
Proceeds from Paycheck Protection Program	264,476
Net cash provided by financing activities	264,476
Decrease in cash and cash equivalents	(1,307,047)
Cash and cash equivalents, beginning of period	4,032,690
Cash and cash equivalents, end of period	2,725,643
Supplemental disclosure of cash flow information
Cash paid during the period for income taxes	10,806
Cash paid during the period for interest	0
As Previously Reported | Ice Cream
Other assets
Total assets	9,975,115
Total stockholders' equity
Gross Margin	2,009,190
Operating expenses
Operating loss	(1,215,218)
Supplemental disclosure of cash flow information
Revenue, net	$ 2,955,755
Gross margin %	68%
Depreciation expense	$ 107,892
Amortization expense	5,733
Capital expenditures	124,634
As Previously Reported | Measurement
Other assets
Total assets	1,939,006
Total stockholders' equity
Gross Margin	400,010
Operating expenses
Operating loss	(515,533)
Supplemental disclosure of cash flow information
Revenue, net	$ 803,420
Gross margin %	49.80%
Depreciation expense	$ 9,707
Amortization expense	26,146
Capital expenditures	0
As Previously Reported | Corporate Assets
Other assets
Total assets	8,045,025
As Restated
Current Assets
Cash and cash equivalents	0
Accounts receivable, net	0
Inventories, net	6,024
Prepaid expenses	0
Other current assets	0
Income tax receivable	(2,573)
Total current assets	3,451
Leasehold assets	0
Property and equipment, net	1,668
Property and equipment held for sale, net	0
Leasehold, utilities, and ERP deposits	64,835
Other assets
Intangible assets, net	0
Total assets	69,954
Current liabilities
Accounts payable	(3,745)
Accrued commissions	(25,639)
Accrued payroll liabilities	(22,691)
Accrued liabilities	(5,464)
Customer deposits and prepayments	0
Other accrued liabilities	700,257
Current portion of long-term lease liabilities	0
Current portion of long-term debt	0
Total current liabilities	642,718
Long-term debt	0
Long-term leasehold liabilities	0
Total liabilities	642,718
Total stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 4,218,530 and 3,800,479 shares issued and outstanding at August 31, 2021, respectively	0
Accumulated deficit	(572,764)
Total stockholders' equity	(572,764)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	69,954
Net sales	0
Cost of revenue	119,175
Gross Margin	(119,175)
Operating expenses
Selling, general and administrative	519,866
Research & development	0
Total operating expenses	519,866
Operating loss	(639,041)
Forgiveness of PPP loans	0
Interest expense	0
Other income, net	72,127
Loss before income taxes	(566,914)
Income tax provision	5,850
Net loss	(572,764)
Net loss	$ (572,764)
Net loss per common share
Basic	$ (0.15)
Weighted average number of common shares, basic	0
Diluted	$ (0.15)
Weighted average number of common shares, diluted	0
Adjustments to reconcile net loss to net cash used in operating activities:
Forgiveness of PPP Loan	$ 0
Depreciation and amortization	0
Stock-based compensation	0
Non-cash lease costs	0
Increase (decrease) in:
Accounts receivable, net	0
Inventories, net	(6,024)
Prepaid expenses	0
Other current assets	0
Rent, Utility Deposits, & ERP Deposits	(64,835)
Accounts payable	(3,745)
Accrued liabilities and customer deposits	646,463
Income taxes payable	2,573
Net cash used in operating activities	1,668
Cash flows relating to investing activities
Purchases of property and equipment	(1,668)
Net cash used in investing activities	(1,668)
Cash flows relating to financing activities
Proceeds from Paycheck Protection Program	0
Net cash provided by financing activities	0
Decrease in cash and cash equivalents	0
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	0
Supplemental disclosure of cash flow information
Cash paid during the period for income taxes	0
Cash paid during the period for interest	0
As Restated | Ice Cream
Other assets
Total assets	72,527
Total stockholders' equity
Gross Margin	(73,010)
Operating expenses
Operating loss	(412,871)
Supplemental disclosure of cash flow information
Revenue, net	$ 0
Gross margin %	(2.50%)
Depreciation expense	$ 0
Amortization expense	0
Capital expenditures	1,668
As Restated | Measurement
Other assets
Total assets	(2,573)
Total stockholders' equity
Gross Margin	(46,165)
Operating expenses
Operating loss	(226,170)
Supplemental disclosure of cash flow information
Revenue, net	$ 0
Gross margin %	(5.80%)
Depreciation expense	$ 0
Amortization expense	0
Capital expenditures	0
As Restated | Corporate Assets
Other assets
Total assets

RESTATEMENT OF PREVIOUSLY ISS_4

RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Details Narrative)	12 Months Ended
	May 31, 2021 USD ($)
Accounting Changes and Error Corrections [Abstract]
Leasehold security deposit	$ 72,000

Ample Hills Business Acquisit_3

Ample Hills Business Acquisition - Schedule of Purchase Price Allocation (Details) - USD ($)	3 Months Ended		12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Purchase Price
Cash paid to sellers			$ 1,000,000
Cash paid for cure costs			713,404
Total purchase price			1,713,404
Assets Acquired
Right-of-use operating lease assets			10,645,098
Website			25,445
Tradename and trademarks			903,422
Proprietary recipes			146,739
Security deposits			225,180
Machinery and equipment			564,553
Leasehold improvements			815,798
Inventory			632,100
Total assets acquired			13,958,335
Liabilities Assumed
Right-of-use operating lease liabilities			10,645,098
Deferred tax liability			405,688
Customer deposits			20,204
Gift card liabilities			35,133
Total liabilities assumed			11,106,123
Net assets acquired			2,852,212
Gain on bargain purchase	$ 0	$ 1,271,615	$ 1,138,808

AMPLE HILLS BUSINESS ACQUISIT_4

AMPLE HILLS BUSINESS ACQUISITION (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Business Combination and Asset Acquisition [Abstract]
Cash paid to sellers			$ 1,000,000
Additional payout to certain landlords			700,000
Transaction costs			125,167
Gain on bargain purchase	$ 0	$ 1,271,615	$ 1,138,808

Stock Options and Stock-Based_3

Stock Options and Stock-Based Compensation - Schedule of Stock Option Activity (Details)	3 Months Ended
	Aug. 31, 2021 $ / shares shares
Share-based Payment Arrangement [Abstract]
Outstanding options, number of shares | shares	22,500
Weighted average exercise price | $ / shares	$ 1.70
Outstanding options, weighted-average remaining contractual life	5 years 9 months 18 days
Exercisable options, number of shares | shares	22,500
Exercisable options, weighted-average exercise price | $ / shares	$ 1.70

Stock Options and Stock-Based_4

Stock Options and Stock-Based Compensation - Schedule of Restricted Stock Unit Activity (Details)	3 Months Ended
	Aug. 31, 2021 USD ($) $ / shares shares
Share-based Payment Arrangement [Abstract]
Non-vested restricted stock units, beginning of period | shares	34,237
Non-vested restricted stock units, weighted average price at grant date | $ / shares	$ 4.71
Non-vested restricted stock units, aggregate intrinsic value | $	$ 161,400
Restricted stock units granted | shares	664
Restricted stock units granted, weighted average price at grant date | $ / shares	$ 5.31
Restricted stock units granted, aggregate intrinsic value | $	$ 3,526
Restricted stock units vested | shares	(13,977)
Restricted stock units vested, weighted average price at grant date | $ / shares	$ 3.81
Restricted stock units vested, aggregate intrinsic value | $	$ (53,215)
Non-vested restricted stock units, end of period | shares	20,924
Non-vested restricted stock units, weighted average price at grant date | $ / shares	$ 5.34
Non-vested restricted stock units, aggregate intrinsic value | $	$ 111,711

STOCK OPTIONS AND STOCK-BASED_5

STOCK OPTIONS AND STOCK-BASED COMPENSATION (Details Narrative)	3 Months Ended
	Aug. 31, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding options, number of shares	22,500
Weighted average exercise price | $ / shares	$ 1.70
Restricted stock units granted	664
Restricted stock unit compensation expense | $	$ 26,927
Compensation expense with a time vesting condition | $	$ 17,225
Restricted Stock Units - Service-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	664

Weighted-Average Shares and R_3

Weighted-Average Shares and Reconciliation - Schedule of Weighted-Average Number of Shares (Details) - shares	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Net (loss) income per common share
Weighted-average shares (basic)	3,780,439	3,763,752
Effect of dilutive stock options	0	12,742
Weighted-average shares (diluted)	3,780,439	3,776,494

WEIGHTED-AVERAGE SHARES AND R_4

WEIGHTED-AVERAGE SHARES AND RECONCILIATION (Details Narrative)	3 Months Ended
	Aug. 31, 2021 $ / shares shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price	$ 1.70
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities | shares	22,500
Exercise price	$ 1.70

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Income Tax Disclosure [Abstract]
Effective tax rate	(0.60%)	159.30%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Receivable (Details)	Aug. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 219,963
2023	300,666
2024	309,870
2025	319,164
2026	328,740
Thereafter	1,228,860
Total undiscounted cash flow	$ 2,707,263

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Lease Payments Receivable - Humboldt Lease (Details)	Aug. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 219,963
2023	300,666
2024	309,870
2025	319,164
2026	328,740
Thereafter	1,228,860
Total undiscounted cash flow	2,707,263
Humboldt Lease [Member]
Lessee, Lease, Description [Line Items]
2022	42,189
2023	57,656
2024	59,386
2025	61,167
2026	31,036
Thereafter	0
Total undiscounted cash flow	$ 251,434

Leases - Schedule of Future M_3

Leases - Schedule of Future Minimum Lease Payments Receivable - Second Humboldt Lease (Details)	Aug. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 219,963
2023	300,666
2024	309,870
2025	319,164
2026	328,740
Thereafter	1,228,860
Total undiscounted cash flow	2,707,263
Second Humboldt Lease [Member]
Lessee, Lease, Description [Line Items]
2022	29,428
2023	40,151
2024	41,356
2025	42,597
2026	14,338
Thereafter	0
Total undiscounted cash flow	$ 167,870

Leases - Schedule of Lease Term

Leases - Schedule of Lease Terms and Discount Rates (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
less: current lease obligations	$ (815,141)	$ (1,042,331)
Weighted-average remaining lease term	7 years 1 month 20 days
Weighted-average discount rate	3.87%
Other Liabilities
2022	$ 1,122,800
2023	1,714,502
2024	1,720,065
2025	1,694,403
2026	1,464,115
Thereafter	5,203,655
Total lease payments	12,919,540
Less: imputed interest	(1,962,535)
Present value of lease payments	10,957,005
less: current lease obligations	(815,141)
Long-term lease obligations	$ 10,141,864

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Lessee, Lease, Description [Line Items]
Lease expense	$ 409,030	$ 265,268
Triple-Net Lease Agreement, Tosei America, Inc.
Lessee, Lease, Description [Line Items]
Monthly fee payment	$ 23,282
Term of contract	120 months
Lease renewal term	10 years
Triple-Net Lease Agreement, Humboldt Lease
Lessee, Lease, Description [Line Items]
Monthly fee payment	$ 3,185
Term of contract	62 months
Triple-Net Lease Agreement, The Second Humboldt Lease
Lessee, Lease, Description [Line Items]
Monthly fee payment	$ 4,596
Term of contract	59 months

CUSTOMER CONCENTRATION (Details

CUSTOMER CONCENTRATION (Details Narrative)	3 Months Ended
	Aug. 31, 2021
Revenue | Customer
Concentration Risk [Line Items]
Customer concentration	25.10%

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Segment Reporting Information [Line Items]
Gross margin	$ 2,290,025	$ 607,644
Operating loss	(2,369,792)	(1,621,692)
Ice Cream
Segment Reporting Information [Line Items]
Revenue, net	2,955,755	501,420
Gross margin	$ 1,936,180	$ 230,221
Gross margin %	65.50%	45.90%
Operating loss	$ (1,628,089)	$ (962,754)
Depreciation expense	107,892	35,326
Amortization expense	5,733	163,102
Capital expenditures	126,302	120,663
Measurement
Segment Reporting Information [Line Items]
Revenue, net	803,420	1,006,065
Gross margin	$ 353,845	$ 394,222
Gross margin %	44%	39.20%
Operating loss	$ (741,703)	$ (658,938)
Depreciation expense	9,707	20,908
Amortization expense	26,146	26,145
Capital expenditures	$ 0	$ 12,640

Segment Information - Schedul_2

Segment Information - Schedule of Segment Reporting by Segment Assets (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 20,029,100	$ 21,173,930
Ice Cream
Segment Reporting Information [Line Items]
Total assets	10,047,642	10,713,832
Measurement
Segment Reporting Information [Line Items]
Total assets	1,936,433	2,565,701
Corporate Assets
Segment Reporting Information [Line Items]
Total assets	$ 8,045,025	$ 7,894,397

Intangible Assets - Schedule of

Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Aug. 31, 2021	May 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Gross carrying value	$ 1,835,722	$ 1,835,722
Accumulated amortization	(1,529,876)	(1,497,997)
Net carrying value	305,846	337,725
Measurement
Indefinite-lived Intangible Assets [Line Items]
Gross carrying value	1,663,538	1,663,538
Accumulated amortization	(1,502,081)	(1,475,935)
Net carrying value	$ 161,457	$ 187,603
Measurement | Patented Technology [Member]
Indefinite-lived Intangible Assets [Line Items]
Useful life	15 years	15 years
Gross carrying value	$ 1,663,538	$ 1,663,538
Accumulated amortization	(1,502,081)	(1,475,935)
Net carrying value	161,457	187,603
Ice Cream
Indefinite-lived Intangible Assets [Line Items]
Gross carrying value	172,184	172,184
Accumulated amortization	(27,795)	(22,062)
Net carrying value	$ 144,389	$ 150,122
Ice Cream | Proprietary Recipes
Indefinite-lived Intangible Assets [Line Items]
Useful life	10 years	10 years
Gross carrying value	$ 146,739	$ 146,739
Accumulated amortization	(17,589)	(13,934)
Net carrying value	$ 129,150	$ 132,805
Ice Cream | Company Website
Indefinite-lived Intangible Assets [Line Items]
Useful life	3 years	3 years
Gross carrying value	$ 25,445	$ 25,445
Accumulated amortization	(10,206)	(8,128)
Net carrying value	$ 15,239	$ 17,317

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Finite-Lived Intangible Assets Future Amortization Expense (Details)	Aug. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 95,637
2023	101,370
2024	15,313
2025	14,621
2026	14,621
Thereafter	64,284
Total expected amortization expense	$ 305,846

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets			$ 903,422
Remaining amortization period	4 years 7 months 9 days
Accumulated amortization	$ 1,529,876		1,497,997
Measurement
Indefinite-lived Intangible Assets [Line Items]
Remaining amortization period	1 year 6 months
Amortizable intangible assets	$ 2,085,362		2,085,362
Accumulated amortization	1,923,905		1,897,759
Amortization expense	26,146	$ 26,146
Accumulated amortization	$ 1,502,081		1,475,935
Ice Cream
Indefinite-lived Intangible Assets [Line Items]
Remaining amortization period	8 years 1 month 6 days
Amortizable intangible assets	$ 172,184		172,184
Amortization expense	5,733	$ 4,011
Accumulated amortization	$ 27,795		$ 22,062

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - Paycheck Protection Program	3 Months Ended
	Aug. 31, 2021 USD ($)
Debt Instrument [Line Items]
Loan amount	$ 3,471,022
Ample Hills
Debt Instrument [Line Items]
Loan amount	$ 1,471,022
Issuance date	Jul. 30, 2020
Maturity period	5 years
Interest rate	1%
Ample Hills #2
Debt Instrument [Line Items]
Loan amount	$ 2,000,000
Issuance date	Apr. 06, 2021
Maturity period	5 years
Interest rate	1%

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt (Details) - USD ($)	Aug. 31, 2021	May 31, 2021
Debt Instrument [Line Items]
Current	$ 670,517	$ 541,691
Long-term	2,800,505	3,253,389
Paycheck Protection Program
Debt Instrument [Line Items]
Current	670,517	541,691
Long-term	2,800,505	3,253,389
Total PPP loan balance	$ 3,471,022	$ 3,795,080

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2021	May 31, 2021
Debt Instrument [Line Items]
Loan payable	$ 3,471,022
Current portion of long-term debt	670,517	$ 541,691
Repayment of PPP loan	264,476
Paycheck Protection Program
Debt Instrument [Line Items]
Current portion of long-term debt	670,517	541,691
Loan amount	$ 3,471,022
Paycheck Protection Program | Parent Company [Member]
Debt Instrument [Line Items]
Loan amount		$ 588,534

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Royalty expense	$ 7,642	$ 12,486
Tax liability	$ 265,349