v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Revenue        
Total Revenue $ 380,801 $ 14,070 $ 700,792 $ 14,070
Cost of Goods Sold (214,444) (348,313)
Gross Margin 166,357 14,070 352,479 14,070
Operating Expenses        
General and Administrative Expenses (567,953) (430,010) (1,692,341) (3,811,612)
Loss from Operations (401,596) (415,940) (1,339,862) (3,797,542)
Other Income (Expense)        
Debt Forgiveness Income 300,000 93,761 300,000
Interest Expense (6,675) (20,025)
Interest Income 70 164 3,031 401,582
Rebate Income 1,116 1,116
Total Other Income (Expense) (5,489) 300,164 77,883 701,582
Loss Before Provision for Income Taxes (407,085) (115,776) (1,261,979) (3,095,960)
Provision for Income Taxes
Net loss attributable to noncontrolling interest 2,883 11,055
Net loss available to common shareholders $ (404,202) $ (115,776) $ (1,250,924) $ (3,095,960)
Basic and diluted net loss per share $ (0.05) $ (0.02) $ (0.16) $ (0.87)
Basic and diluted weighted average number of common shares outstanding 7,858,975 5,790,781 7,653,355 3,575,419
Franchise Royalties and License Fees [Member]        
Revenue        
Total Revenue $ 140,209 $ 387,221
Franchise Termination Revenue [Member]        
Revenue        
Total Revenue 44,984 44,984
Company Owned Stores Sales [Member]        
Revenue        
Total Revenue 105,070 154,713
Esports Revenue [Member]        
Revenue        
Total Revenue $ 90,538 $ 14,070 $ 113,874 $ 14,070

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