Stockholders Equity

3 Months Ended

Aug. 31, 2014

Notes to Financial Statements

Note 10 - Stockholders Equity

Series A Convertible Preferred Stock

Each share of Series A Convertible Preferred Stock has 1,000 voting rights and is convertible into 1,000 shares of common stock.

Common Stock Issuances

On May 14, 2014, the Company reversed 15,483,636 shares of common stock for JSJ Investments, Inc. in cancellation of $8,516 principal amount of convertible notes payable.

On June 3, 2014, the Company issued 19,408,888 shares of common stock for JSJ Investments, Inc. in satisfaction of $8,734 principal amount of convertible notes payable.

On June 4, 2014, the Company issued 8,111,111 shares of common stock for Asher Enterprises, Inc. in satisfaction of $7,300 of principal amount of convertible notes payable.

On June 11, 2014, the Company issued 14,423,077 shares of common stock for Gel Properties, Inc. in satisfaction of $7,500 of principal amount of convertible notes payable.

On June 20, 2014, the Company issued 11,363,636 shares of common stock for Gel Properties, Inc. in satisfaction of $5,000 of principal amount of convertible noted payable.

On June 22, 2014, the Company issued 20,000,000 shares of common stock for JMJ Financial, Inc. in satisfaction of $14,400 of principal amount of convertible notes payable.

On June 25, 2014, the Company issued 13,200,479 shares of common stock (valued at $14,521) in connection with consulting services rendered for Meadow Grove, LTD.

On June 26, 2014, the Company issued 12,500,000 shares of common stock for Gel Properties, Inc. in satisfaction of $17,500 of principal amount of convertible notes payable.

On June 30, 2014, the Company issued 66,920,560 shares of common stock for Iconic Holdings, LLC. in satisfaction of $16,730 of principal amount of convertible notes payable.

On June 30, 2014, the Company issued 12,750,000 shares of common stock to Gel Properties, Inc. in satisfaction of $5,100 of principal amount of convertible noted payable.

On July 2, 2014, the Company issued 28,771,780 shares of common stock to LG Capital, Inc. in satisfaction of $11,509 principal amount of convertible notes payable.

On July 10, 2014, the Company issued 28,571,429 shares of common stock to Gel Properties, Inc.in satisfaction of $8,000 principal amount of convertible notes payable..

On July 14, 2014, the Company issued 34,090,909 shares of common stock to Asher Enterprises, Inc. in satisfaction of $ 15,000 principal amount of convertible notes payable.

On July 14, 2014, the Company issued 31,807,632 shares of common stock to LG Capital, Inc. in satisfaction of $8,906 principal amount of convertible notes payable.

On July 14, 2014, the Company issued 42,857,143 shares of common stock to Asher Enterprises, Inc. in satisfaction of $15,000 principal amount of principal amount of convertible notes payable.

On July 18, 2014, the Company issued 26,660,687 shares of common stock to Gel Properties, Inc. in satisfaction of $4,400 principal amount of convertible notes payable.

On July 17, 2014, the Company issued 31,034,483 shares of common stock to Asher Enterprises, Inc. in satisfaction of $9,000 principal amount of convertible notes payable.

On July 25, 2014, the Company issued 32,832,191 shares of common stock to LG Capital, Inc. in satisfaction of $5,253 principal amount of convertible notes payable.

On July 31, 2014 the Company issued 52,630,136 shares of common stock to LG Capital, Inc in satisfaction of $8,000 principal amount of convertible notes payable..

On July 31, 2014, the Company issued 41,000,000 shares of common stock to JMJ Financial, Inc. in satisfaction of $38,084 principal amount of convertible notes payable.

On August 4, 2014, the Company issued 59,358,732 shares of common stock to LG Capital, Inc. in satisfaction of $9,497 principal amount of convertible notes payable.

On August 6, 2014, the Company issued 56,659,863 shares of common stock to LG Capital, Inc in satisfaction of $9,065 principal amount of convertible noted payable.

On August 7, 2014,, the Company issued 57,000,000 shares of common stock to JMJ Financial, Inc. in satisfaction of $13,680 principal amount of convertible notes payable.

On August 13, 2014, the Company issued 140,000,000 shares of common stock to Davis in satisfaction of $41,102 principal amount of loan payable.

On August 14, 2014 the Company issued 57,692,308 shares of common stock to Asher Enterprises, Inc. in satisfaction of $15,000 principal amount of convertible notes payable.

On August 16, 2014, the Company issued 59,130,435 shares of common stock to Asher Enterprises, Inc. in satisfaction of $15,374 principal amount of convertible notes payable.

On August 18, 2014, the Company issued 78,000,000 shares of common stock to JMJ Financial, Inc. in satisfaction of $14,040 principal amount of convertible notes payable.

On August 29, 2014, the Company issued 62,753,278 shares of common stock to LG Capital, Inc. in satisfaction of $4,706 principal amount of convertible notes payable.

Warrants to Purchase Common Stock

A summary of warrant activity for the three months ended August 31, 2014 and for the year ended May 31, 2014 are as follows:

	Number of Warrants		Weighted Average Exercise Price
Outstanding at May 31, 2012		-	$	-
Granted		850,000		0.42
Exercised		-		-
Cancelled		-		-
Outstanding at May 31, 2013		850,000		0.42
Granted		-		-
Exercised		-		-
Cancelled		-		-
Outstanding at August 31, 2014		850,000	$	0.42

Warrants outstanding at August 31, 2014 consist of:

Date Granted	Number Outstanding		Exercise price		Expiration Date
May 25, 2012		100,000	$	1.00	May 25, 2015
June 12, 2012		150,000	$	1.00	June 12, 2015
June 26, 2012		100,000	$	1.00	June 26, 2015
January 1, 2012		500,000	$	0.01	January 1, 2015
Totals		850,000