Note 10 - Stockholders' Equity |
3 Months Ended |
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Aug. 31, 2017 | |
| Disclosure Text Block Supplement [Abstract] | |
| Shareholders' Equity and Share-based Payments [Text Block] |
Note 10 – Stockholders’ Equity
The Company’s authorized capital stock consists of 250,000,000 shares of common stock, par value $0.0001 per share and 20,000,000 shares of preferred stock, par value $0.001 per share. The Company had 32,876,944 and 32,852,944 shares of common stock issued and outstanding as of August 31, 2017 and May 31, 2017, respectively.
The Company recorded imputed interest of $271 and $271 during the three months ended August 31, 2017 and 2016 on related party payables due to a director and officer of the Company.
Stock Issued for Services
On July 13, 2017, the Company issued 24,000 shares of common stock to a consultant in exchange for a $6,000 accrued liability for services previously provided. This resulted in a gain on the settlement of accounts payable in the amount of $3,480.
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- References No definition available.
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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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