NOTE 5 - SECURITY DEPOSIT |
12 Months Ended |
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May 31, 2018 | |
Security Deposits [Abstract] | |
Security Deposits [Text Block] |
NOTE 5 – SECURITY DEPOSIT The Company had a security deposit in the amount of $0 and $50,000 at May 31, 2018 and 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 year ended May 31, 2018, 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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