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

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2018
May 31, 2017
Revenue $ 0 $ 0
Cost of goods sold 0 0
Gross margin 0 0
Selling, general and administrative expenses 821,374 718,770
Startup costs 0 141,739
Professional fees 2,294,666 750,446
Total operating expenses 3,116,040 1,610,955
Operating loss (3,116,040) (1,610,955)
Other (income) expense:    
Interest expense 4,709,940 2,571,171
Gain on settlement of debt (3,480) 0
Loss on modification of related party debt 0 951,239
Loss on modification of debt 29,145 43,334
Loss on note exchange 404,082 0
Loss on extinguishment of debt 989,032 0
Prepayment Penalty 137,000 0
Change in fair value of derivative 195,725 (310,975)
Total other expense 6,461,444 3,254,769
Income (Loss) before income taxes (9,577,484) (4,865,724)
Income tax expense 0 0
Net income (loss) $ (9,577,484) $ (4,865,724)
Net income (loss) per share - basic (in Dollars per share) $ (0.24) $ (0.23)
Weighted average shares outstanding - basic (in Shares) 39,224,613 20,778,785