• Filing Date: 2017-10-16
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Balance Sheets (Unaudited) - USD ($)
Aug. 31, 2017
May 31, 2017
Current Assets    
Cash and cash equivalents $ 361,052 $ 330,684
Prepaid expenses and other current assets 26,865 47,195
Total Current Assets 387,917 377,879
TOTAL ASSETS 387,917 377,879
Current Liabilities    
Accounts payable 31,237 38,219
Accrued payroll liabilities 1,517,814 1,671,651
Accrued liabilities – related party 0 20,128
Accrued interest 167,009 159,339
Deferred management fee revenue 45,833 45,833
Notes payable 350,000 350,000
Total Current Liabilities 2,111,893 2,285,170
TOTAL LIABILITIES 2,111,893 2,285,170
Commitments and Contingencies
Stockholders' Deficit    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized; none issued and outstanding 0 0
Common stock: $0.0001 par value; 90,000,000 shares authorized; 54,514,765 issued and outstanding 5,451 5,451
Additional paid in capital 8,664,185 8,591,327
Accumulated deficit (10,393,612) (10,504,069)
Total Stockholders' Deficit (1,723,976) (1,907,291)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 387,917 $ 377,879