Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2019
May 31, 2018
Revenue $ 8,459,048 $ 0
Cost of goods sold 4,836,166 0
Gross margin 3,622,882 0
Selling, general and administrative expenses 26,472,057 3,116,040
Total operating expenses 26,472,057 3,116,040
Operating loss (22,849,175) (3,116,040)
Other (income) expense:    
Interest expense, net 4,447,993 4,709,940
Gain on settlement of debt 0 (3,480)
Loss on revaluation of contingent liability 321,889 0
Loss on modification of debt 0 29,145
Loss on note exchange 0 404,082
Loss on extinguishment of debt 0 989,032
Prepayment penalty 0 137,000
Change in fair value of derivative 0 195,725
Total other expense 4,769,882 6,461,444
Income (Loss) before income taxes (27,619,057) (9,577,484)
Income tax expense 0 0
Net income (loss) $ (27,619,057) $ (9,577,484)
Net income (loss) per share - basic (in Dollars per share) $ (0.27) $ (0.24)
Net income (loss) per share - diluted (in Dollars per share) $ (0.27) $ (0.24)
Weighted average shares outstanding - basic (in Shares) 102,869,612 39,224,613
Weighted average shares outstanding - diluted (in Shares) 102,869,612 39,224,613