Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2015
May. 31, 2015
Current assets    
Cash and cash equivalents $ 61,240 $ 208,821
Prepaid expenses 19,466 31,800
Note receivable, related party, current, net of allowance of $100,000 and $100,000 0 0
Total current assets 80,706 240,621
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation of $223 and $0 2,451 0
Note receivable related party, noncurrent, net of allowance of $400,000 and $400,000 0 0
Intangible assets, net of accumulated amortization of $72 and $0 2,086 2,158
Total assets 135,243 292,779
Current liabilities    
Accounts payable and accrued liabilities 196,082 145,024
Accrued compensation, related party 137,500 106,250
Due to related party 17,930 18,455
Accrued interest 10,192 2,630
Accrued interest, related party 12,789 3,337
Notes payable, related party 750,000 600,000
Total current liabilities 1,124,493 875,696
Noncurrent liabilities    
Convertible notes payable, net of debt discount of $177,778 and $194,444 22,222 5,556
Total Liabilities $ 1,146,715 $ 881,252
Commitments and contingencies
Stockholder's equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,060,003 and 20,000,003 shares issued and outstanding at August 31, 2015 and May 31, 2015 $ 2,006 $ 2,000
Additional paid-in capital 932,879 887,614
Stock payable 45,742 37,500
Accumulated deficit (1,992,099) (1,515,587)
Total stockholder's equity (1,011,472) (588,473)
Total liabilities and stockholders' equity $ 135,243 $ 292,779