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

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
May 31, 2016
May 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) $ (615,075) $ (476,512) $ (2,610,299) $ (1,515,587)
Adjustments to reconcile net loss to net cash used in operating activities:        
Imputed interest 271 271 1,078 716
Change in fair value of derivative (123,921) 0 (61,757) 0
Interest expense - excess of discount over principal 0 0 11,330 0
Issuance of stock for services 0 25,950 118,050 0
Note issued as commitment 0 0 200,000 0
Impairment of note receivable 0 0 0 500,000
Stock-based compensation 0 27,292 327,500 37,500
Amortization of debt discounts 202,196 16,666 286,317 5,556
Depreciation and amortization expense 331 295 1,288 0
Changes in assets and liabilities:        
Deposits 0 0 0 (50,000)
Prepaid expenses 0 12,334 25,058 (38,955)
Accounts payable and accrued expenses 59,905 51,058 285,993 136,327
Accrued compensation 37,500 31,250 161,243 106,250
Due to related parties 4,697 (525) (525) 18,455
Accrued interest, related party 34,191 9,452 64,811 3,337
Accrued interest 21,412 7,562 38,486 2,630
Net cash used in operating activities (378,493) (294,907) (1,151,427) (793,771)
CASH FLOWS FROM INVESTING ACTIVITIES        
Payment of cash for note receivable 0 0 0 (500,000)
Payments to acquire equipment 0 0 (2,674) 0
Payment for construction in progress (11,513) 0 (106,726) 0
Payments to acquire intangible assets 0 (2,674) 0 (2,158)
Payments for investment in shell company 0 0 0 (295,250)
Net cash used in investing activities (11,513) (2,674) (109,400) (797,408)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from sale of common stock 0 0 0 1,000,000
Proceeds from related party convertible notes payable 150,000 0 767,500 0
Proceeds from related party notes payable 179,000 150,000 72,750 600,000
Proceeds from issuance of convertible note 0 0 300,000 200,000
Repayments of related party notes payable (24,000) 0 0 0
Net cash provided by financing activities 305,000 150,000 1,140,250 1,800,000
Net increase in cash and cash equivalents (85,006) (147,581) (120,577) 208,821
Cash and cash equivalents at beginning of period 88,244 208,821 208,821 0
Cash and cash equivalents at end of period 3,238 61,240 88,244 208,821
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Interest paid 0 0 0 0
Income taxes paid 0 0 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Stock issued to founder for intellectual property 0 500 0 500
Discount on notes from beneficial conversion feature and warrants 0 0    
Convertible note issued for unpaid accrued salary 250,000 0 0 0
Related party notes payable reclassified as related party convertible notes payable 222,750 0 1,367,500 0
Effect of reverse merger $ 0 $ 0 0 16,352
Non-Related Party Debt [Member]        
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Discount on notes from beneficial conversion feature and warrants     502,296 200,000
Related Party Debt [Member]        
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Discount on notes from beneficial conversion feature and warrants     $ 1,321,176 $ 0