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

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2016
May 31, 2016
May 31, 2015
Current assets      
Cash and cash equivalents $ 3,238 $ 88,244 $ 208,821
Prepaid expenses 6,742 6,742 31,800
Total current assets 9,980 94,986 240,621
Security deposit 50,000 50,000 50,000
Property, plant and equipment, net of accumulated depreciation 1,559 1,782 0
Construction in progress 118,239 106,726 0
Note receivable related party, noncurrent, net of allowance 0 0 0
Intangible assets, net of accumulated amortization 1,654 1,762 2,158
Total assets 181,432 255,256 292,779
Current liabilities      
Accounts payable and accrued liabilities 492,165 431,017 145,024
Accrued compensation, related party 53,750 267,493 106,250
Due to related party 22,627 17,930 18,455
Accrued interest 62,528 41,116 2,630
Accrued interest, related party 102,339 68,148 3,337
Convertible notes payable, net of discount 119,692 72,525 0
Convertible notes payable, related party, net of discount 89,404 22,678 0
Derivative liability 294,616 418,537 0
Notes payable, related parties 5,000 0 600,000
Total current liabilities 1,242,121 1,339,444 875,696
Noncurrent liabilities      
Convertible notes payable, net of discount 34,860 43,312 5,556
Convertible notes payable, related parties, net of discount 950,223 230,718 0
Notes payable, related parties 0 72,750 0
Total Liabilities 2,227,204 1,686,224 881,252
Commitments and contingencies
Stockholders’ equity      
Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,350,003, 20,350,003 and 20,000,003 shares issued and outstanding at August 31, 2016, May 31, 2016 and May 31, 2015 2,035 2,035 2,000
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0 0
Additional paid-in capital 2,627,454 2,627,183 887,614
Stock payable 65,700 65,700 37,500
Accumulated deficit (4,740,961) (4,125,886) (1,515,587)
Total stockholders’ equity (deficit) (2,045,772) (1,430,968) (588,473)
Total liabilities and stockholders’ equity (deficit) $ 181,432 $ 255,256 $ 292,779