Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.8.0.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Aug. 31, 2017
Aug. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,164,977) $ (1,268,418)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 255 255
Equity based expense 0 180,333
(Increase)/decrease in:    
Prepaid expenses and deposits 49,076 (16,137)
Increase/(decrease) in:    
Accounts payable and accrued expenses 77,960 (173,116)
Accrued interest payable 157,561 129,340
Net cash and cash equivalents used in operating activities (880,125) (1,147,743)
CASH FLOWS FROM INVESTING ACTIVITIES: 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of note payable to individuals 870,000 1,095,000
Net cash and cash equivalents provided by financing activities 870,000 1,095,000
NET DECREASE IN CASH AND CASH EQUIVALENTS (10,125) (52,743)
Cash and cash equivalents, beginning of period 487,383 444,179
Cash and cash equivalents, ending of period 477,258 391,436
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Taxes paid $ 0 $ 0