Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 1 Months Ended 12 Months Ended
May. 31, 2014
May. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 0 $ (1,515,587)
Adjustments to reconcile net loss to net cash used in operating activities:    
Imputed interest 0 716
Impairment of note receivable 0 500,000
Stock-based compensation 0 37,500
Amortization of debt discount 0 5,556
Changes in assets and liabilities:    
Deposits 0 (50,000)
Prepaid expenses 0 (38,955)
Accounts payable and accrued expenses 0 136,327
Accrued compensation, related party 0 106,250
Due to related parties 0 18,455
Accrued interest, related party 0 3,337
Accrued interest 0 2,630
Net cash used in operating activities 0 (793,771)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment of cash for note receivable 0 (500,000)
Payments to acquire intangible assets 0 (2,158)
Payments for investment in shell company 0 (295,250)
Net cash used in investing activities 0 (797,408)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of common stock 0 1,000,000
Proceeds from related party note 0 600,000
Proceeds from issuance of convertible note 0 200,000
Net cash provided by financing activities 0 1,800,000
Net increase in cash and cash equivalents 0 208,821
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 208,821
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Discount due to beneficial conversion feature and warrants 0 200,000
Stock issued to founder for intellectual property 0 500
Effect of reverse merger $ 0 $ 16,352