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Financial risk management and financial instruments (Tables)

12 Months Ended

May 31, 2021

Financial Risk Management And Financial Instruments [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of May 31, 2021 and 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

														May 31,
		Level 1				Level 2				Level 3				2021
Financial assets
Cash and cash equivalents		$	488,466			$	—			$	—			$	488,466
Convertible notes receivable			—				2,485				—				2,485
Long-term investments			9,251				2,934				—				12,185
Financial liabilities
Warrant liability			—				—				(78,168	)			(78,168	)
Contingent consideration			—				—				(60,657	)			(60,657	)
APHA 24 Convertible debenture			—				—				(399,444	)			(399,444	)
Total recurring fair value measurements		$	497,717			$	5,419			$	(538,269	)		$	(35,133	)

														May 31,
		Level 1				Level 2				Level 3				2020
Financial assets
Cash and cash equivalents		$	360,646			$	—			$	—			$	360,646
Convertible notes receivable			—				10,609				—				10,609
Long-term investments			11,244				8,351				—				19,595
Financial liabilities
APHA 24 Convertible debenture			—				—				(196,405	)			(196,405	)
Total recurring fair value measures		$	371,890			$	18,960			$	(196,405	)		$	194,445

Schedule of Opening Balances of Assets and Liabilities Categorized Within Level 3 of Fair Value Hierarchy Measured at Fair Value on Recurring Basis

The opening balances of assets and liabilities categorized within Level 3 of the fair value hierarchy measured at fair value on a recurring basis are reconciled to the closing balances as follows:

		APHA 24
		Convertible				Warrant				Contingent
		debenture				liability				consideration				Total
Closing balance May 31, 2020		$	(196,405	)		$	—			$	—			$	(196,405	)
Additions			—				(79,402	)			(58,959	)			(138,361	)
Disposals			—				—				—				—
Unrealized gain (loss) on fair value			(203,039	)			1,234				(1,698	)			(203,503	)
Closing balance May 31, 2021		$	(399,444	)		$	(78,168	)		$	(60,657	)		$	(538,269	)

Schedule of Estimated Fair Value of Warrant Liability

The Company estimated the fair value of the warrant liability at May 31, 2021 at $12.59 per warrant using the Black Scholes pricing model (Level 3) with the following weighted-average assumptions:

Risk-free interest rate			0.90	%
Expected volatility			70	%
Expected term		4.3 years
Expected dividend yield			—	%
Strike price		$	5.95
Fair value of common stock		$	16.67

Financial asset / financial liability		Valuation technique		Significant unobservable input		Inputs
APHA Convertible debentures		Black-Scholes		Volatility, expected life		70% 3 years
Warrant liability		Black-Scholes		Volatility, expected life		70% 4 years
Contingent consideration		Discounted cash flows		Discount rate, achievement		5% 100%

Schedule of Trade Receivables

Trade receivables included an allowance for doubtful accounts of $4,571 at May 31, 2021 (2020-$2,313), and is comprised of the following aged receivables:

		Total				0-30 days				31-60 days				61-90 days				90+ days
Trade receivables		$	87,309				70,997				8,253				1,051				7,008
							82	%			9	%			1	%			8	%

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Financial risk management and financial instruments.

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of aging analysis for financing receivable.

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