Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Fair Value of Financial Instruments (Tables)

v3.8.0.1
Note 12 - Fair Value of Financial Instruments (Tables)
 6 Months Ended
Nov. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following summarizes the Company’s derivative financial liabilities that are recorded at fair value on a recurring basis at November 30, 2017 and May 31, 2017.

 
  
November 30, 2017
  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Liabilities
                        
Derivative liabilities
  
$
-
    
$
-
    
$
353,093
    
$
353,093
  
 
  
May 31, 2017
  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Liabilities
                        
Derivative liabilities
  
$
-
    
$
-
    
$
95,276
    
$
95,276
  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The estimated fair values of the Company’s derivative liabilities are as follows:

 
  
Derivative
  
 
  
Liability
  
Liabilities Measured at Fair Value
      
 
      
Balance as of May 31, 2017
  
$
95,276
  
 
        
Issuances
    
673,891
  
 
        
Conversions/Redemptions
    
(603,559
)
 
        
Extinguishment of debt 
    
13,395
  
 
        
Revaluation loss
    
174,090
  
 
        
Balance as of November 30, 2017
  
$
353,093