Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.6.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Nov. 30, 2016
May 31, 2016
Current assets    
Cash and cash equivalents $ 25,398 $ 88,244
Prepaid expenses 22,791 6,742
Total current assets 48,189 94,986
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation of $1,337 and $892 1,336 1,782
Construction in progress 141,739 106,726
Note receivable related party, noncurrent, net of allowance of $500,000 and $500,000 0 0
Intangible assets, net of accumulated amortization of $612 and $396 1,546 1,762
Total assets 242,810 255,256
Current liabilities    
Accounts payable and accrued liabilities 568,236 431,017
Accrued compensation, related party 91,250 267,493
Due to related party 18,181 17,930
Accrued interest 42,661 41,116
Accrued interest, related party 148,459 68,148
Notes payable, related parties 410,000 0
Convertible notes payable, net of discount of $573,785 and $227,475 92,881 72,525
Convertible notes payable, related party, net of discount of $263,000 and $95,447 293,594 22,678
Derivative liability 534,877 418,537
Total current liabilities 2,200,139 1,339,444
Noncurrent liabilities    
Convertible notes payable, net of discount of $0 and $390,021 50,000 43,312
Convertible notes payable, related parties, net of discount of $524,142 and $1,018,657 909,514 230,718
Notes payable, related parties 0 72,750
Total Liabilities 3,159,653 1,686,224
Commitments and contingencies
Stockholder’s equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,350,003 shares issued and outstanding at November 30, 2016 and May 31, 2016 2,035 2,035
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 2,881,836 2,627,183
Stock payable 65,700 65,700
Accumulated deficit (5,866,414) (4,125,886)
Total stockholder's equity (deficit) (2,916,843) (1,430,968)
Total liabilities and stockholders' equity (deficit) $ 242,810 $ 255,256