Annual report pursuant to Section 13 and 15(d)

NOTE 8 - NOTE RECEIVABLE (Details)

v3.5.0.2
NOTE 8 - NOTE RECEIVABLE (Details) - USD ($)
12 Months Ended
Apr. 17, 2015
May 31, 2016
May 31, 2015
NOTE 8 - NOTE RECEIVABLE (Details) [Line Items]      
Asset Impairment Charges   $ 0 $ 500,000
Notes Receivable [Member] | Affiliated Entity [Member]      
NOTE 8 - NOTE RECEIVABLE (Details) [Line Items]      
Financing Receivable, Gross $ 500,000   $ 500,000
Loans and Leases Receivable, Description Pursuant to the Note, as amended by the parties effective June 30, 2015, October 31, 2015, April 11, 2016, and May 31, 2016, PRH will repay the principal due under the Note in twenty (20) equal quarterly installments of Twenty Five Thousand Dollars ($25,000) commencing in the month following the month in which PRH commences generating revenue at the grow facility, which commencement is anticipated to occur in the first quarter of 2017 (the “Payment Date”) and continuing until paid in full. Interest will accrue on the unpaid principal balance of the Note at the rate of twelve percent (12%) per annum and will be paid quarterly in arrears commencing on the Payment Date and continuing until paid in full. All remaining outstanding principal and any accumulated unpaid interest due under the Note will be due and payable on the fifth anniversary of the Payment Date.   Pursuant to the Note, as amended by the parties effective June 30, 2015, October 31, 2015, April 11, 2016, and May 31, 2016, PRH will repay the principal due under the Note in twenty (20) equal quarterly installments of Twenty Five Thousand Dollars ($25,000) commencing three in the month following the month in which PRH commences generating revenue at the grow facility, which commencement is anticipated to occur in the first quarter of 2017, and continuing until paid in full. Interest will accrue on the unpaid principal balance of the Note at the rate of twelve percent (12%) per annum and will be paid quarterly in arrears commencing after such initial payment and continuing until paid in full. All outstanding principal and any accumulated unpaid interest due under the Note is due and payable on the five-year anniversary of the initial payment thereunder.
Note Receivable, Interest Rate, Stated Percentage 12.00%   12.00%
Asset Impairment Charges $ 500,000   $ 500,000
Financing Receivable, Net     0
Allowance for Doubtful Accounts Receivable, Current     $ 500,000