General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2018
May 31, 2017
Current assets    
Cash and cash equivalents $ 52,964 $ 78,310
Prepaid expenses 1,410 1,410
Total current assets 54,374 79,720
Investment 2,050,000 0
Security deposit 0 50,000
Property, plant and equipment, net of accumulated depreciation of $2,674 and $1,784 0 890
Intangible assets, net of accumulated amortization of $1,260 and $828 898 1,330
Total assets 2,105,272 131,940
Current liabilities    
Accounts payable and accrued liabilities 826,621 581,765
Accrued compensation, related party 120,417 53,750
Due to related party 17,930 17,930
Accrued interest 24,748 20,171
Accrued interest, related party 5,143 106,022
Notes payable, related parties 75,137 699,208
Notes payable 310,000 0
Convertible notes payable, net of discount of $561,599 and $57,644 43,401 252,356
Derivative liability 1,265,751 95,276
Total current liabilities 2,689,148 1,826,478
Noncurrent liabilities    
Convertible notes payable, related parties, net of discount of $65,918 and $0 2,832 192,000
Convertible notes payable - Long Term, net of discount of $733,928 and $0 41,072 0
Total Liabilities 2,733,052 2,018,478
Commitments and contingencies
Stockholder’s equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 50,128,972 and 32,582,944 shares issued and outstanding at May 31, 2018 and May 31, 2017, respectively 5,013 3,286
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 17,628,717 7,032,836
Stock payable 307,584 68,950
Accumulated deficit (18,569,094) (8,991,610)
Total stockholder’s equity (deficit) (627,780) (1,886,538)
Total liabilities and stockholders’ equity (deficit) $ 2,105,272 $ 131,940