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

CONSOLIDATED BALANCE SHEETS

v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2019
May 31, 2018
May 31, 2017
Current assets      
Cash and cash equivalents $ 11,972,015 $ 52,964 $ 78,310
Accounts receivable 295,013 0 0
Inventory 605,796 0 0
Prepaid expenses and other current assets 712,739 1,410 1,410
Redemption premium in transit 964,788 0 0
Total current assets 14,550,351 54,374 79,720
Investment 0 2,050,000 0
Note receivable 5,150,000 0 0
Interest receivable 99,618 0 0
Security deposit 0 0 50,000
Property, plant and equipment, net of accumulated depreciation of $2,674 and $1,784 1,547,164 0 890
Intangible assets, net of accumulated amortization of $1,260 and $828 1,577,344 898 1,330
Goodwill 25,742,899 0 0
Other assets 160,450 0 0
Total assets 48,827,826 2,105,272 131,940
Current liabilities      
Accounts payable and accrued liabilities 1,394,353 826,621 581,765
Accrued compensation, related party 53,750 120,417 53,750
Due to related party 17,930 17,930 17,930
Accrued interest 558,401 24,748 20,171
Accrued interest, related party 6,305 5,143 106,022
Notes payable, net of discount 3,899,464 310,000 0
Deferred rent obligation 137,707 0 0
Convertible notes payable, net of discount of $561,599 and $57,644 398,117 43,401 252,356
Contingent liability 678,111 0 0
Derivative liability 0 1,265,751 95,276
Total current liabilities 7,144,138 2,689,148 1,826,478
Notes payable, related parties 0 75,137 699,208
Noncurrent liabilities      
Accrued interest, long-term 0 0 0
Convertible notes payable, related parties, net of discount of $65,918 and $0 0 2,832 192,000
Convertible notes payable - Long Term, net of discount of $733,928 and $0 10,190,148 41,072 0
Total Liabilities 17,334,286 2,733,052 2,018,478
Commitments and contingencies 0 0 0
Stockholder’s equity      
Common stock, $0.0001 par value; 250,000,000 shares authorized; 50,128,972 and 32,582,944 shares issued and outstanding at May 31, 2018 and May 31, 2017, respectively 12,583 5,013 3,286
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0 0
Additional paid-in capital 73,890,916 17,628,717 7,032,836
Common stock subscribed 346,784 307,584 68,950
Accumulated deficit (42,756,743) (18,569,094) (8,991,610)
Total stockholder’s equity (deficit) 31,493,540 (627,780) (1,886,538)
Total liabilities and stockholders’ equity (deficit) $ 48,827,826 $ 2,105,272 $ 131,940