NOTE 13 - STOCKHOLDERS’ EQUITY (Details)
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12 Months Ended |
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Apr. 18, 2016
USD ($)
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Jan. 19, 2016
USD ($)
shares
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Dec. 18, 2015
USD ($)
shares
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Dec. 15, 2015
USD ($)
shares
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Oct. 15, 2015
USD ($)
shares
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Oct. 09, 2015
USD ($)
shares
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Aug. 28, 2015
USD ($)
shares
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Aug. 26, 2015
USD ($)
shares
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Aug. 17, 2015
USD ($)
shares
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Jul. 22, 2015
USD ($)
shares
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Dec. 10, 2014
shares
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May 31, 2016
USD ($)
$ / shares
shares
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May 31, 2015
USD ($)
$ / shares
shares
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Feb. 29, 2016
USD ($)
shares
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Common Stock, Shares Authorized | shares |
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250,000,000
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250,000,000
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Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares |
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$ 0.0001
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$ 0.0001
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Preferred Stock, Shares Authorized | shares |
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20,000,000
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20,000,000
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Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares |
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$ 0.001
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$ 0.001
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Common Stock, Shares, Outstanding | shares |
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11,250,000
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20,350,003
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20,000,003
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Common Stock, Shares, Issued | shares |
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20,350,003
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20,000,003
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Stockholders' Equity Note, Stock Split, Conversion Ratio |
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0.625
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Imputed Interest, Debt (in Dollars) |
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$ 1,078
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$ 716
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Allocated Share-based Compensation Expense (in Dollars) |
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327,500
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37,500
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Equity Purchase Agreement, Amount (in Dollars) |
$ 4,000,000
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Equity Purchase Agreement, Term |
24 years
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Equity Purchase Agreement, Description |
From time to time over the 24-month term of the Equity Purchase Agreement, the Company may, in its sole discretion, provide Old Main with a put notice (each, a “Put Notice”), to purchase a specified number of Commitment Shares (each, the “Put Amount Requested”). The actual amount of proceeds the Company receives pursuant to each Put Notice (each, the “Put Amount”) will be determined by multiplying the Put Amount Requested by the applicable purchase price. The purchase price of each Commitment Share will equal 80% of the market price of the Company’s common stock during the five consecutive trading days immediately following the clearing date associated with the applicable Put Notice.
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Stock Issued During Period, Value, Issued for Services (in Dollars) |
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118,050
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Stock Payable (in Dollars) |
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65,700
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37,500
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Issuance of Stock and Warrants for Services or Claims (in Dollars) |
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118,050
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$ 0
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Number of Founders |
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3
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Stock Issued During Period, Shares, New Issues | shares |
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15,000,000
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Stock Issued During Period, Value, New Issues (in Dollars) |
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$ 1,000,000
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Proceeds from Issuance of Common Stock (in Dollars) |
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$ 0
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$ 1,000,000
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Stock Issued During Period, Shares, Other | shares |
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5,000,003
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October Consulting Agreement [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares |
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120,000
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Stock Payable (in Dollars) |
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$ 37,500
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Issuance of Stock and Warrants for Services or Claims (in Dollars) |
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$ 37,500
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Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Other, Description |
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These shares vested at a rate of 10,000 (post Reverse Split) shares per month. The stock was valued at $90,000. The agreement was suspended at the end of January 2015 until completion of the Merger and began again in May 2015.
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Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares |
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50,000
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Stock Issued and Issuable to Consultant #1 [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Stock Issued During Period, Shares, Issued for Services | shares |
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60,000
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Stock Issued During Period, Value, Issued for Services (in Dollars) |
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$ 45,000
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Stock to be Issued | shares |
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50,000
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Stock Payable (in Dollars) |
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$ 37,500
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Stock Issued or Issuable to Consultant #2 [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Stock Issued During Period, Shares, Issued for Services | shares |
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40,000
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Stock Issued During Period, Value, Issued for Services (in Dollars) |
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$ 32,750
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Stock to be Issued for Services | shares |
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10,000
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10,000
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10,000
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5,000
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5,000
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Issuance of Stock and Warrants for Services or Claims (in Dollars) |
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$ 8,000
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$ 11,700
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$ 12,700
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$ 6,650
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$ 5,750
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Stock Issued or Issuable to Consultant #3 [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Stock to be Issued | shares |
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20,000
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Stock Payable (in Dollars) |
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$ 23,200
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Stock to be Issued for Services | shares |
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10,000
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Issuance of Stock and Warrants for Services or Claims (in Dollars) |
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$ 11,600
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Stock Issued or Issuable to Consultant #4 [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Stock to be Issued | shares |
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50,000
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Stock Payable (in Dollars) |
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$ 42,500
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Stock to be Issued for Services | shares |
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25,000
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Issuance of Stock and Warrants for Services or Claims (in Dollars) |
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$ 21,250
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Chief Executive Officer and Director [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Imputed Interest, Debt (in Dollars) |
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$ 1,078
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$ 716
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Chief Operating Officer [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares |
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250,000
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Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures (in Dollars) |
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$ 327,500
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Chief Operating Officer [Member] | One Time Signing Bonus [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares |
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250,000
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Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period |
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1 year
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Stock Issued During Period, Value, Share-based Compensation, Gross (in Dollars) |
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$ 327,500
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Allocated Share-based Compensation Expense (in Dollars) |
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$ 327,500
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Each Founder [Member] |
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NOTE 13 - STOCKHOLDERS’ EQUITY (Details) [Line Items] |
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Number of Founders |
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3
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Stock Issued During Period, Shares, New Issues | shares |
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5,000,000
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