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 9 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Revenue $ 0 $ 0 $ 0 $ 0
Cost of goods sold 0 0 0 0
Gross margin 0 0 0 0
Selling, general and administrative expenses 144,204 406,323 482,071 917,726
Professional fees 99,867 343,818 603,098 767,420
Total operating expenses 244,071 750,141 1,085,169 1,685,146
Operating loss (244,071) (750,141) (1,085,169) (1,685,146)
Other (income) expense:        
Interest expense 381,149 106,599 1,395,511 177,464
Loss on modification of debt 0 0 33,334 0
Change in fair value of derivative (244,848) 0 (393,114) 0
Total other expense 136,301 106,599 1,035,731 177,464
Income (Loss) before income taxes (380,372) (856,740) (2,120,900) (1,862,610)
Income tax expense 0 0 0 0
Net income (loss) $ (380,372) $ (856,740) $ (2,120,900) $ (1,862,610)
Net income (loss) per share - basic (in Dollars per share) $ (0.02) $ (0.04) $ (0.10) $ (0.09)
Net income (loss) per share - diluted (in Dollars per share) $ (0.02) $ (0.04) $ (0.10) $ (0.09)
Weighted average shares outstanding - basic (in Shares) 20,465,360 20,182,640 20,388,033 20,081,901
Weighted average shares outstanding - diluted (in Shares) 20,465,360 20,182,640 20,388,033 20,081,901