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STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 31 Months Ended
May 31, 2012
May 31, 2011
May 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (5,533,923) $ (125,480) $ (5,972,579)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 8,464 1,715 10,838
Amortized finance cost 35,201 0 35,201
Impairment of assets 0 10,000 0
Forgiveness of debt (4,000) 0 (4,000)
Non cash interest 5,645 0 5,645
Common stock issued as compensation and for expenses 4,624,223 0 4,624,310
Bad debt expense 0 100,000 0
CHANGES IN OPERATING ASSETS AND LIABILITIES:      
Increase in inventory (16,926) 0 (16,926)
Increase in accounts payable 317,065 (19,681) 238,935
Increase in accounts payable - related party 15,366 0 15,366
Net cash used in operating activities (548,885) (33,446) (1,053,210)
CASH FLOWS FROM INVESTING ACTIVITIES      
Fixed assets purchased (4,000) 0 (4,000)
Cash paid for web development (4,000) (3,500) (7,500)
Cash paid for license (35,000) 0 (35,000)
Net cash flows used in investing activities (43,000) (3,500) (46,500)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in shareholder loans 234,567 (33,664) 768,850
Cash received on notes payable 405,000 75,000 480,000
Payments on notes payable 0 0 (100,470)
Net cash provided by financing activities 639,567 41,336 1,148,452
CASH RECONCILIATION      
Net increase in cash and cash equivalents 47,682 4,390 48,742
Cash and cash equivalents - beginning balance 4,587 197 3,527
CASH AND CASH EQUIVALENTS BALANCE END OF PERIOD 52,269 4,587 52,269
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Prepaid expenses (397,675) 0 (397,675)
Inventory (16,926) 0 (16,926)
Fixed assets, net of depreciation (3,868) 0 (3,868)
Website costs, net of amortization (1,167) 0 (1,167)
License, net of amortization (24,432) 0 (24,432)
Accounts payable 19,257 0 19,257
Payroll & related liabilities 249,631 0 249,631
Due to affiliate and shareholder 929,738 0 929,738
Return of preferred shares, par value 50 0 50
Return of common stock, par value 9,772 0 9,772
Additional capital contributed in excess of net assets sold $ (764,380) $ 0 $ (764,380)