Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 29, 2016
May. 31, 2015
Current assets    
Cash and cash equivalents $ 30,170 $ 208,821
Prepaid expenses 14,162 31,800
Total current assets 44,332 240,621
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation of $669 and $0 2,005 0
Construction in progress 41,803 0
Note receivable related party, noncurrent, net of allowance of $500,000 and $500,000 0 0
Intangible assets, net of accumulated amortization of $288 and $0 1,870 2,158
Total assets 140,010 292,779
Current liabilities    
Accounts payable and accrued liabilities 343,488 145,024
Deferred rent liability 47,888 0
Accrued compensation, related party 212,500 106,250
Due to related party 17,930 18,455
Accrued interest 25,151 2,630
Accrued interest, related party 42,984 3,337
Notes payable, related party 392,750 600,000
Total current liabilities 1,082,691 875,696
Noncurrent liabilities    
Related party convertible notes, net of debt discount of $880,510 and $0 64,489 0
Convertible notes payable, net of debt discount of $144,444 and $194,444 55,556 5,556
Total Liabilities $ 1,202,736 $ 881,252
Commitments and contingencies
Stockholder's equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,320,003 and 20,000,003 shares issued and outstanding at February 29, 2016 and May 31, 2015 $ 2,032 $ 2,000
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 2,217,989 887,614
Stock payable 95,450 37,500
Accumulated deficit (3,378,197) (1,515,587)
Total stockholder's equity (deficit) (1,062,726) (588,473)
Total liabilities and stockholders' equity (deficit) $ 140,010 $ 292,779