Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Feb. 28, 2018
Feb. 28, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (5,592,341) $ (2,120,900)
Adjustments to reconcile net loss to net cash used in operating activities:    
Imputed interest 804 804
Change in fair value of derivative 25,863 (393,114)
Share-based compensation 55,000 0
Warrants issued to placement agent 610,414 0
Loss on modification of debt 29,145 33,334
(Gain) loss on note exchange 404,082 0
Loss on extinguishment of debt 989,032 0
Gain on settlement of debt (3,480) 0
Amortization of debt discounts 1,391,110 1,197,998
Amortization of deferred financing costs 22,569 0
Depreciation and amortization expense 993 993
Changes in assets and liabilities:    
Other assets 50,000 0
Prepaid expenses (11,188) (16,049)
Other current assets (46,000) 0
Accounts payable and accrued expenses 937,895 137,699
Accrued compensation 167,584 112,500
Due to related parties 0 0
Accrued interest, related party 87,966 131,042
Deferred rent (49,565) 0
Accrued interest 21,045 16,402
Net cash used in operating activities (909,072) (899,291)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment for investment in Oasis LLCs (2,050,000) 0
Payment for construction in progress 0 (35,013)
Net cash used in investing activities (2,050,000) (35,013)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from related party convertible notes payable 601,070 150,000
Proceeds from related party notes payable   838,000
Proceeds from convertible notes 880,000 0
Proceeds from notes payable 410,000 0
Principal payments on related party notes payable 0 (61,000)
Repayments of convertible notes payable 0 (75,000)
Proceeds from sale of equity 1,012,425 0
Net cash provided by financing activities 2,903,495 852,000
Net increase in cash and cash equivalents (55,577) (82,304)
Cash and cash equivalents at beginning of period 78,310 88,244
Cash and cash equivalents at end of period 22,733 5,940
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Convertible note issued for unpaid accrued salary 112,500 250,000
Related party notes payable reclassified as related party convertible notes payable 1,116,856 222,750
Beneficial conversion feature on convertible notes payable 1,681,946  
Note payable exchanged for common stock 936,478 518,720
Shares issued for settlement of accounts payable 6,000 0
Extinguishment of debt 0 254,114
Discount on convertible notes payable due to derivative 1,321,862 0
Common stock issued for conversion of notes payable $ 0 $ 222,657