v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2018
May 31, 2018
Current assets    
Cash and cash equivalents $ 5,953,925 $ 52,964
Accounts Receivable 59,981 0
Inventory 499,399 0
Prepaid expenses 258,308 1,410
Total current assets 6,771,613 54,374
Investment 0 2,050,000
Property, plant and equipment, net of accumulated depreciation of $27,509 and $2,674 905,633 0
Intangible assets, net of accumulated amortization of $22,757 and $828 1,619,325 898
Goodwill 25,742,899 0
Other assets 158,500 0
Total assets 35,197,970 [1] 2,105,272
Current liabilities    
Accounts payable and accrued liabilities 1,199,525 826,621
Accrued compensation, related party 54,993 120,417
Due to related party 17,930 17,930
Accrued interest 22,830 24,748
Accrued interest, related party 7,393 5,143
Notes payable 3,834,242 310,000
Notes payable, related parties 5,716 75,137
Convertible notes payable, net of discount of $0 and $561,599 0 43,401
Deferred rent obligation 136,707 0
Contingent liability 678,111 0
Derivative liability 0 1,265,751
Total current liabilities 5,957,447 2,689,148
Noncurrent liabilities    
Accrued interest, long-term 44,155 0
Convertible notes payable - Long Term, net of discount of $982,098 and $733,928 292,902 41,072
Convertible notes payable, related parties, net of discount of $57,322 and $65,918 17,678 2,832
Total Liabilities 6,312,182 2,733,052
Commitments and contingencies
Stockholder's equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value; 250,000,000 shares authorized; 90,087,236 and 50,128,972 shares issued and outstanding at August 31, 2018 and May 31, 2018, respectively 9,009 5,013
Additional paid-in capital 63,939,091 17,628,717
Common stock subscribed 163,722 307,584
Accumulated deficit (35,226,034) (18,569,094)
Total stockholder's equity (deficit) 28,885,788 (627,780)
Total liabilities and stockholders' equity (deficit) $ 35,197,970 $ 2,105,272
[1] Total assets are the owned or allocated assets used by each business. Corporate assets consist of cash and cash equivalents, unallocated fixed assets of support divisions and common facilities, and certain other assets.

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