Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Fair Value of Financial Instruments (Tables)

v3.8.0.1
Note 13 - Fair Value of Financial Instruments (Tables)
9 Months Ended
Feb. 28, 2018
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 February 28, 2018 and May 31, 2017.

 
 
February 28, 2018
 
 
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Liabilities
                       
Derivative liabilities
 
$
-
   
$
-
   
$
974,175
   
$
974,175
 
 
 
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
   
3,091,039
 
 
       
Conversions/Redemptions
   
(2,238,003
)
 
       
Revaluation loss
   
25,863
 
 
       
Balance as of February 28, 2018
 
$
974,175