Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Aug. 31, 2019
May 31, 2019
Current Assets    
Cash and cash equivalents $ 946,133 $ 1,540,158
Accounts receivable 57,074
Total Current Assets 1,003,207 1,540,158
Other Assets    
Goodwill 6,682,416 4,456,250
Intangible assets, net 1,477,035 1,528,441
Property and equipment 214,589 117,231
Right of use asset, operating lease 240,806 100,146
Security deposits 14,885 12,317
Due from related party 14,108
Total Other Assets 8,643,839 6,214,385
TOTAL ASSETS 9,647,046 7,754,543
Current Liabilities    
Loan payable- related party 93,761
Accounts payable 9,578
Accrued expenses 476,860 691,940
Convertible note payable 1,000,000 1,000,000
Operating lease obligation, current 61,247 32,045
Current portion of net deferred revenues 715,350
Stock payable 50,000
Total Current Liabilities 2,313,035 1,817,746
Operating lease obligation, net of current portion 179,558 68,876
Net deferred revenues, less current portion 102,925
Total Liabilities 2,595,517 1,886,622
Commitments
Stockholders' Equity    
Preferred stock - $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding
Common stock - $0.0001 par value; 20,000,000 shares authorized; 7,753,975 and 7,003,975 shares issued and outstanding as of August 31, 2019 and May 31, 2019, respectively 775 700
Additional paid-in capital 10,908,952 9,442,027
Accumulated deficit (3,858,199) (3,574,806)
Total Stockholders' Equity 7,051,528 5,867,921
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,647,046 $ 7,754,543