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CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2017
May 31, 2016
Current Assets:    
Cash $ 469,845 $ 56,172
Accounts receivable 1,086,497 192,100
Inventory 120,410
Costs in excess of billings 1,030,427
Prepaid expenses and other current assets 613,927 187,935
Total Current Assets 3,200,696 556,617
Property and equipment, net 27,309 7,642
Security deposit 20,384 20,384
Intangible assets, net 2,727,890
Goodwill 13,039,399
Total Assets 19,015,678 584,643
Current Liabilities:    
Accounts payable and accrued expenses 2,543,942 1,022,382
Billings in excess of costs 480,987 260,637
Accrued income tax 63,082 63,082
Debt subject to equity being issued 456,930 456,930
Convertible debentures, net of debt discount 871,651 40,000
Notes payable 545,832 295,832
Total Current Liabilities 4,962,424 2,138,863
Long-term convertible debt 6,040,706
Long-term notes payable 2,000,000
Total Liabilities 13,003,130 2,138,863
Stockholders' Equity (Deficiency):    
Convertible preferred stock, $.0001 par value; 5,000,000 shares authorized, zero shares outstanding
Common stock, $.0001 par value; 600,000,000 shares authorized; 21,163,402 and 13,373,167 shares issued and outstanding , respectively 2,119 1,337
Additional paid-in capital 52,558,974 41,645,382
Accumulated deficit (46,548,545) (43,200,939)
Total Stockholders' Equity (Deficiency) 6,012,548 (1,554,220)
Total Liabilities and Stockholders' Equity (Deficiency) $ 19,015,678 $ 584,643