v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2019
May 31, 2018
Current assets    
Cash and cash equivalents $ 11,972,015 $ 52,964
Accounts receivable 295,013 0
Inventory 605,796 0
Prepaid expenses and other current assets 712,739 1,410
Redemption premium in transit 964,788 0
Total current assets 14,550,351 54,374
Investment 0 2,050,000
Note receivable 5,150,000 0
Interest receivable 99,618 0
Property, plant and equipment, net of accumulated depreciation of $494,439 and $2,674 1,547,164 0
Intangible assets, net of accumulated amortization of $62,856 and $828 1,577,344 898
Goodwill 25,742,899 0
Other assets 160,450 0
Total assets 48,827,826 2,105,272
Current liabilities    
Accounts payable and accrued liabilities 1,394,353 826,621
Accrued compensation, related party 53,750 120,417
Due to related party 17,930 17,930
Accrued interest 558,401 24,748
Accrued interest, related party 6,305 5,143
Notes payable, net of discount of $100,536 and $0 3,899,464 310,000
Notes payable, related parties 0 75,137
Deferred rent obligation 137,707 0
Convertible notes payable, net of discount of $351,883 and $561,599 398,117 43,401
Contingent liability 678,111 0
Derivative liability 0 1,265,751
Total current liabilities 7,144,138 2,689,148
Noncurrent liabilities    
Accrued interest, long-term 0 0
Convertible notes payable - Long Term, net of discount of $7,678,852 and $65,918 10,190,148 41,072
Convertible notes payable, related parties, net of discount of $0 and $733,928 0 2,832
Total Liabilities 17,334,286 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; 125,814,107 and 50,128,972 shares issued and outstanding at February 28, 2019 and May 31, 2018, respectively 12,583 5,013
Additional paid-in capital 73,890,916 17,628,717
Common stock subscribed 346,784 307,584
Accumulated deficit (42,756,743) (18,569,094)
Total stockholder's equity (deficit) 31,493,540 (627,780)
Total liabilities and stockholders' equity (deficit) $ 48,827,826 $ 2,105,272

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