Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Feb. 28, 2017
Feb. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,450,469) $ (7,655,252)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 765 765
Equity based expense 180,333 4,044,171
(Increase)/decrease in:    
Prepaid expenses and deposits (85,596) (31,405)
Accounts payable and accrued expenses 381,750 548,143
Net cash and cash equivalents used in operating activities (2,973,217) (3,093,578)
CASH FLOWS FROM INVESTING ACTIVITIES: 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of note payable to individuals 3,110,000 2,760,000
Net cash and cash equivalents provided by financing activities 3,110,000 2,760,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 136,783 (333,578)
Cash and cash equivalents, beginning of period 444,179 928,279
Cash and cash equivalents, ending of period 580,962 594,701
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Taxes paid $ 0 $ 0