General form of registration statement for all companies including face-amount certificate companies

RELATED PARTY TRANSACTIONS (Tables)

v3.19.1
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
May 31, 2018
Related Party Transactions [Abstract]  
Schedule of Debt Conversions [Table Text Block]
Pursuant to the terms of the conversion notices, the following amounts of principal and accrued interest were converted to common stock of the Company:

           

Accrued

         
   

Principal

   

Interest

   

# Shares

 

Jeffrey Binder

  $ 464,698     $ 43,058       (1,624,819

)

Frank Koretsky

    -       46,626       (149,203

)

Newcan Investment Partners LLC

    956,658       98,098       (3,375,220

)

CLS CO 2016 LLC

    -       9,308       (29,786

)

Total

  $ 1,421,356     $ 197,090       (5,179,028

)

           

Accrued

         
   

Principal

   

Interest

   

# Shares

 

Jeffrey Binder

  $ 442,750     $ 19,427       (1,848,708

)

Frank Koretsky

    1,485,000       130,069       (6,460,276

)

Newcan Investment Partners LLC

    460,000       7,747       (1,870,988

)

CLS CO 2016 LLC

    150,000       9,247       (636,988

)

Total

  $ 2,537,750     $ 166,490       (10,816,960

)