Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2015
May. 31, 2015
Current assets    
Cash and cash equivalents $ 24,648 $ 208,821
Prepaid expenses 30,759 31,800
Total current assets 55,407 240,621
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation of $446 and $0 2,228 0
Note receivable related party, noncurrent, net of allowance of $500,000 and $500,000 0 0
Intangible assets, net of accumulated amortization of $180 and $0 1,978 2,158
Total assets 109,613 292,779
Current liabilities    
Accounts payable and accrued liabilities 267,018 145,024
Deferred rent liability 46,603 0
Accrued compensation, related party 175,000 106,250
Due to related party 17,930 18,455
Accrued interest 17,671 2,630
Accrued interest, related party 25,289 3,337
Notes payable, related party 945,000 600,000
Total current liabilities 1,494,511 875,696
Noncurrent liabilities    
Convertible notes payable, net of debt discount of $161,111 and $194,444 38,889 5,556
Total Liabilities $ 1,533,400 $ 881,252
Commitments and contingencies
Stockholder's equity (deficit)    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,070,003 and 20,000,003 shares issued and outstanding at November 30, 2015 and May 31, 2015 $ 2,007 $ 2,000
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 945,246 887,614
Stock payable 150,417 37,500
Accumulated deficit (2,521,457) (1,515,587)
Total stockholder's equity (deficit) (1,423,787) (588,473)
Total liabilities and stockholders' equity (deficit) $ 109,613 $ 292,779