5. RELATED PARTY TRANSACTIONS	12 Months Ended
May 31, 2018
Related Party Transactions [Abstract]
5. RELATED PARTY TRANSACTIONS	Transactions between related parties are considered to be related party transactions even though they may not be given accounting recognition. FASB ASC 850, Related Party Disclosures (“FASB ASC 850”) requires that transactions with related parties that would make a difference in decision making shall be disclosed so that users of the financial statements can evaluate their significance. Related party transactions typically occur within the context of the following relationships: Affiliates of the entity; Entities for which investments in their equity securities is typically accounted for under the equity method by the investing entity; Trusts for the benefit of employees; Principal owners of the entity and members of their immediate families; Management of the entity and members of their immediate families. Other parties that can significantly influence the management or operating policies of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. SORC and Alleghany are considered related parties under FASB ASC 850. All management fee revenue reported by the Company for the years ended May 31, 2018 and 2017 is generated from charges to SORC. The Company also recorded an approximate $120,000 and $28,000 receivable from SORC as of May 31, 2018 and 2017, respectively, for employee expense reports and estimated monthly license fees presented in receivable – related party on the balance sheet and $33,000 and $20,000 payable to SORC for payroll liabilities as of May 31, 2018 and 2017, respectively, covered by SORC pursuant to the management services agreements. All outstanding notes payable and related accrued interest at May 31, 2018 and 2017, respectively, are held by Alleghany. See Note 7.

5. RELATED PARTY TRANSACTIONS

12 Months Ended

May 31, 2018

Transactions between related parties are considered to be related party transactions even though they may not be given accounting recognition. FASB ASC 850, Related Party Disclosures (“FASB ASC 850”) requires that transactions with related parties that would make a difference in decision making shall be disclosed so that users of the financial statements can evaluate their significance. Related party transactions typically occur within the context of the following relationships:

Affiliates of the entity;

Entities for which investments in their equity securities is typically accounted for under the equity method by the investing entity;

Trusts for the benefit of employees;

Principal owners of the entity and members of their immediate families;

Management of the entity and members of their immediate families.

Other parties that can significantly influence the management or operating policies of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

SORC and Alleghany are considered related parties under FASB ASC 850. All management fee revenue reported by the Company for the years ended May 31, 2018 and 2017 is generated from charges to SORC. The Company also recorded an approximate $120,000 and $28,000 receivable from SORC as of May 31, 2018 and 2017, respectively, for employee expense reports and estimated monthly license fees presented in receivable – related party on the balance sheet and $33,000 and $20,000 payable to SORC for payroll liabilities as of May 31, 2018 and 2017, respectively, covered by SORC pursuant to the management services agreements. All outstanding notes payable and related accrued interest at May 31, 2018 and 2017, respectively, are held by Alleghany. See Note 7.