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Consolidated Balance Sheets - USD ($)
May 31, 2020
May 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 4,742 $ 6,297
Loans receivable from related party 0 15,950
Total Current Assets 4,742 22,247
OTHER ASSETS    
Music inventory 7,222 9,397
Trademark costs 10,365 10,015
Total Other Assets 17,587 19,412
TOTAL ASSETS 22,329 41,659
CURRENT LIABILITIES    
Accounts payable 37,455 21,085
Accrued interest payable on notes payable 366,657 260,290
Accrued consulting fees 614,600 475,350
Notes payable 1,536,575 1,114,919
Notes payable to related parties 155,323 155,323
Derivative liability 1,488,745 1,805,422
Total Current Liabilities 4,199,355 3,832,389
TOTAL LIABILITIES 4,199,355 3,832,389
STOCKHOLDERS' DEFICIT    
Preferred Stock 0 0
Common stock 37,371 38
Common stock payable 8,460 8,460
Additional paid-in-capital 4,670,196 4,149,012
Accumulated deficit (8,893,053) (7,948,240)
Total Stockholders' Deficit (4,177,026) (3,790,730)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 22,329 $ 41,659