Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2016
Nov. 30, 2015
Revenue $ 0 $ 0 $ 0 $ 0
Cost of goods sold 0 0 0 0
Gross margin 0 0 0 0
Selling, general and administrative expenses 163,122 326,996 337,867 511,403
Professional fees 197,050 165,448 503,231 423,602
Total operating expenses 360,172 492,444 841,098 935,005
Operating loss (360,172) (492,444) (841,098) (935,005)
Other (income) expense:        
Interest expense 756,292 36,914 1,014,362 70,865
Loss on modification of debt 33,334 0 33,334 0
Change in fair value of derivative (24,345) 0 (148,266) 0
Total other expense 765,281 36,914 899,430 70,865
Income (Loss) before income taxes (1,125,453) (529,358) (1,740,528) (1,005,870)
Income tax expense 0 0 0 0
Net income (loss) $ (1,125,453) $ (529,358) $ (1,740,528) $ (1,005,870)
Net income (loss) per share - basic (in Dollars per share) $ (0.06) $ (0.03) $ (0.09) $ (0.05)
Net income (loss) per share - diluted (in Dollars per share) $ (0.06) $ (0.03) $ (0.09) $ (0.05)
Weighted average shares outstanding - basic (in Shares) 20,350,003 20,061,981 20,350,003 20,031,806
Weighted average shares outstanding - diluted (in Shares) 20,350,003 20,061,981 20,350,003 20,031,806