• Filing Date: 2020-10-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (194,830) $ (85,248)
Adjustments to Reconcile Net Loss to Net Cash (Used in) Provided by Operating Activities    
(Increase)/decrease in receivable - related party (262,433) (116,416)
Decrease in prepaid expenses and other current assets 30,231 12,812
Increase in accounts payable and accrued liabilities 292,216 220,721
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (134,816) 31,869
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in equity method investment (448,900) 0
NET CASH USED IN INVESTING ACTIVITIES (448,900) 0
CASH FLOWS FROM FINANCING ACTIVITIES 0 0
Net change in cash and cash equivalents (583,716) 31,869
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,532,511 289,559
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 948,795 $ 321,428