Note 4 - Security Deposit |
6 Months Ended |
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Nov. 30, 2017 | |
Security Deposits [Abstract] | |
Security Deposits [Text Block] |
Note 4 – Security Deposit
The Company had a security deposit in the amount of $0 and $50,000 at November 30, 2017 and May 31, 2017, respectively. This amount consisted of a deposit to secure office and warehouse space. In August of 2017, the Company received a demand letter from the landlord requesting the forfeiture of the $50,000 security deposit, $10,000 in expenses, $15,699 in remaining rent due under the lease agreement and $30,000 to buy out the remaining amounts due under the lease; during the six months November 30, 2017, the Company wrote-off the security deposit in the amount of $50,000.
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- References No definition available.
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- Definition The entire disclosure regarding security deposits. No definition available.
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