Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
May 31, 2017
May 31, 2016
Revenue $ 0 $ 0
Cost of goods sold 0 0
Gross margin 0 0
Selling, general and administrative expenses 718,770 1,314,225
Startup costs 141,739 0
Professional fees 750,446 955,810
Total operating expenses 1,610,955 2,270,035
Operating loss (1,610,955) (2,270,035)
Other (income) expense:    
Interest expense 2,571,171 402,021
Loss on modification of related party debt 951,239 0
Loss on modification of debt 43,334 0
Change in fair value of derivative (310,975) (61,757)
Total other expense 3,254,769 340,264
Income (Loss) before income taxes (4,865,724) (2,610,299)
Income tax expense 0 0
Net income (loss) $ (4,865,724) $ (2,610,299)
Net income (loss) per share - basic (in Dollars per share) $ (0.23) $ (0.13)
Net income (loss) per share - diluted (in Dollars per share) $ (0.23) $ (0.13)
Weighted average shares outstanding - basic (in Shares) 20,778,785 20,146,260
Weighted average shares outstanding - diluted (in Shares) 20,778,785 20,146,260