Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Feb. 28, 2023 |
Feb. 28, 2022 |
Feb. 28, 2023 |
Feb. 28, 2022 |
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Income Statement [Abstract] | ||||
NET REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
OPERATING EXPENSES | ||||
Accrued Salaries and Consulting fees | 60,000 | 30,000 | 180,000 | 90,000 |
Professional fees | 8,096 | 27,763 | 59,209 | 68,648 |
Other selling, general and administrative | 1,369 | 14,459 | 13,370 | 23,525 |
Total Operating Expenses | 69,465 | 72,222 | 252,579 | 182,173 |
LOSS FROM OPERATIONS | (69,465) | (72,222) | (252,579) | (182,173) |
OTHER INCOME (EXPENSES) | ||||
Gain on settlement of debt | 0 | 260,032 | 0 | 260,032 |
Income (expense) from derivative liability | (501,275) | (388,102) | 1,349,841 | 1,168,456 |
Interest expense (including amortization of debt discounts of $17,120, $67,186, $44,614, and $259,354, respectively) | (102,520) | (123,412) | (248,263) | (531,936) |
Loss on conversion of notes payable and accrued interest | 0 | (281,425) | 0 | (2,810,824) |
Total Other Income (Expenses) | (603,795) | (532,907) | 1,101,578 | (1,914,272) |
INCOME (LOSS) BEFORE INCOME TAXES | (673,260) | (605,129) | 848,999 | (2,096,445) |
INCOME TAX EXPENSE | 0 | 0 | 0 | 0 |
NET INCOME (LOSS) | $ (673,260) | $ (605,129) | $ 848,999 | $ (2,096,445) |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of selling, general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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