v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Aug. 31, 2018
Aug. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (16,656,940) $ (565,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Imputed interest 271 271
Change in fair value of derivative 0 105,950
Warrants issued to placement agent 2,908,673 0
Warrants and Special Warrants issued to penalty 8,084,522 0
Non-cash offering costs of equity financing 403,588 0
Stock-based compensation 120,138 0
Fair value of shares issued to consultants 490,000 0
Gain / loss on modification of debt 0 29,145
(Gain) loss on note exchange 0 (3,480)
Expense from derivative triggering event 12,659 0
Amortization of debt discounts 1,598,501 42,060
Depreciation and amortization expense 48,461 331
Changes in assets and liabilities:    
Accounts receivable (24,544) 0
Inventory (93,446) 0
Prepaid expenses (151,709) 0
Other assets 0 50,000
Accounts payable and accrued expenses (548,738) 112,068
Accrued compensation (15,424) 62,500
Due to related parties (50,000) 0
Accrued interest, related party 3,497 24,198
Deferred rent 667 (49,565)
Accrued interest 59,437 8,229
Net cash used in operating activities (3,810,387) (183,978)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment for investment in Alternative Solutions, net of cash received of $14,612 (5,982,710) 0
Net cash used in investing activities (5,982,710) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from related party convertible notes payable 0 117,767
Proceeds from related party notes payable 81,961 0
Proceeds from convertible note payable 500,000 0
Principal payments on notes payable (310,000) 0
Principal payments on related party notes payable (76,381) 0
Repayments of convertible notes payable (37,500) 0
Proceeds from sale of equity 15,535,978 0
Net cash provided by financing activities 15,694,058 117,767
Net increase in cash and cash equivalents 5,900,961 (66,211)
Cash and cash equivalents at beginning of period 52,964 78,310
Cash and cash equivalents at end of period 5,953,925 12,099
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 8,964 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Convertible note issued for unpaid accrued salary 0 62,500
Related party notes payable reclassified as related party convertible notes payable 75,000 816,975
Beneficial conversion feature on convertible notes 1,229,831 351,790
Note payable exchanged for common stock 654,697 0
Shares issued for settlement of accounts payable 0 6,000
Charge to paid-in capital for par value of shares issued in cashless exercise of warrants 13 0
Reclassify derivative liability to paid-in capital upon adoption of ASU 2017-11 $ 1,265,751 $ 0

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