Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2016
May 31, 2015
Current assets    
Cash and cash equivalents $ 88,244 $ 208,821
Prepaid expenses 6,742 31,800
Total current assets 94,986 240,621
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation of $892 and $0 1,782 0
Construction in progress 106,726 0
Note receivable related party, noncurrent, net of allowance of $500,000 and $500,000 0 0
Intangible assets, net of accumulated amortization of $396 and $0 1,762 2,158
Total assets 255,256 292,779
Current liabilities    
Accounts payable and accrued liabilities 431,017 145,024
Accrued compensation, related party 267,493 106,250
Due to related party 17,930 18,455
Accrued interest 41,116 2,630
Accrued interest, related party 68,148 3,337
Convertible notes payable, net of discount of $227,475 and $0 72,525 0
Convertible notes payable, related party, net of discount of $95,447 and $0 22,678 0
Derivative liability 418,537 0
Notes payable, related parties 0 600,000
Total current liabilities 1,339,444 875,696
Noncurrent liabilities    
Convertible notes payable, net of discount of $390,021 and $194,444 43,312 5,556
Convertible notes payable, related parties, net of discount of $1,018,657 and $0 230,718 0
Notes payable, related parties 72,750 0
Total Liabilities 1,686,224 881,252
Commitments and contingencies
Stockholder’s equity (deficit)    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,350,003 and 20,000,003 shares issued and outstanding at May 31, 2016 and 2015 2,035 2,000
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 2,627,183 887,614
Stock payable 65,700 37,500
Accumulated deficit (4,125,886) (1,515,587)
Total stockholder’s equity (deficit) (1,430,968) (588,473)
Total liabilities and stockholders’ equity (deficit) $ 255,256 $ 292,779