Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2017
May 31, 2016
Current assets    
Cash and cash equivalents $ 78,310 $ 88,244
Prepaid expenses 1,410 6,742
Total current assets 79,720 94,986
Security deposit 50,000 50,000
Property, plant and equipment, net of accumulated depreciation 890 1,782
Construction in progress 0 106,726
Intangible assets, net of accumulated amortization 1,330 1,762
Total assets 131,940 255,256
Current liabilities    
Accounts payable and accrued liabilities 581,765 432,260
Accrued compensation, related party 53,750 266,250
Due to related party 17,930 17,930
Accrued interest 20,171 41,116
Accrued interest, related party 106,022 68,148
Notes payable, related parties 699,208 0
Convertible notes payable, net of discount 252,356 72,525
Convertible notes payable, related party, net of discount 0 22,678
Derivative liability 95,276 418,537
Total current liabilities 1,826,478 1,339,444
Noncurrent liabilities    
Convertible notes payable, net of discount 0 43,312
Convertible notes payable, related parties, net of discount 192,000 230,718
Notes payable, related parties 0 72,750
Total Liabilities 2,018,478 1,686,224
Commitments and contingencies
Stockholder’s equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 32,852,944 and 20,350,003 shares issued and outstanding at May 31, 2017 and May 31, 2016, respectively 3,286 2,035
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital 7,032,836 2,627,183
Stock payable 68,950 65,700
Accumulated deficit (8,991,610) (4,125,886)
Total stockholder’s equity (deficit) (1,886,538) (1,430,968)
Total liabilities and stockholders’ equity (deficit) $ 131,940 $ 255,256