Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2018
May 31, 2018
Current assets    
Cash and cash equivalents $ 4,872,048 $ 52,964
Accounts Receivable 78,419 0
Inventory 870,984 0
Prepaid expenses and other current assets 176,944 1,410
Total current assets 5,998,395 54,374
Investment 0 2,050,000
Note receivable 5,000,000 0
Interest receivable 24,658 0
Property, plant and equipment, net of accumulated depreciation of $76,167 and $2,674 892,070 0
Intangible assets, net of accumulated amortization of $54,169 and $828 1,587,913 898
Goodwill 25,742,899 0
Other assets 160,450 0
Total assets 39,406,385 2,105,272
Current liabilities    
Accounts payable and accrued liabilities 1,509,617 826,621
Accrued compensation, related party 53,750 120,417
Due to related party 17,930 17,930
Accrued interest 164,852 24,748
Accrued interest, related party 5,573 5,143
Notes payable, net of discount of $132,967 and $0 3,867,033 310,000
Notes payable, related parties 48,874 75,137
Convertible notes payable, net of discount of $603,187 and $57,644 396,813 43,401
Contingent liability 678,111 0
Derivative liability 0 1,265,751
Total current liabilities 6,742,553 2,689,148
Noncurrent liabilities    
Accrued interest, long-term 0 0
Convertible notes payable - Long Term, net of discount of $4,740,688 and $0 1,116,312 41,072
Convertible notes payable, related parties, net of discount of $0 and $0 0 2,832
Total Liabilities 7,858,865 2,733,052
Commitments and contingencies
Stockholder's equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value; 250,000,000 shares authorized; 91,150,451 and 50,128,972 shares issued and outstanding at November 30, 2018 and May 31, 2018, respectively 9,116 5,013
Additional paid-in capital 69,211,175 17,628,717
Common stock subscribed 252,506 307,584
Accumulated deficit (37,925,277) (18,569,094)
Total stockholder's equity (deficit) 31,547,520 (627,780)
Total liabilities and stockholders' equity (deficit) $ 39,406,385 $ 2,105,272