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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 31, 2020
May 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (944,813) $ (3,650,446)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Stock-based compensation 0 41,000
Depreciation of music inventory 3,564 3,305
Expense (Income) from derivative liability (647,927) 628,119
Amortization of debt discounts 546,399 417,587
Loss on conversion of notes payable and accrued interest 159,802 1,709,230
Changes in operating assets and liabilities:    
Accounts payable 16,370 5,478
Accrued interest payable on notes payable 154,660 161,295
Accrued consulting fees 155,200 188,700
Net Cash Used by Operating Activities (556,745) (495,732)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Music Inventory (1,389) (3,021)
Trademark costs (350) (2,350)
Net Cash Used by Investing Activities (1,739) (5,371)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Bank overdraft 0 (517)
Proceeds from sale of common stock 320,400 0
Proceeds from notes payable 401,250 531,000
Repayments on notes payable (164,721) 0
Repayments of notes payable to related parties 0 (24,593)
Net proceeds from notes payable to related parties 0 1,505
Net Cash Provided by Financing Activities 556,929 507,395
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,555) 6,292
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 6,297 5
CASH AND CASH EQUIVALENTS, END OF PERIOD 4,742 6,297
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest 0 0
Income taxes 0 0
Non-cash investing and financing activities:    
Initial derivative liability charged to debt discounts 331,250 485,500
Conversion of debt and accrued interest into common stock $ 78,315 $ 1,993,207
Common stock issued for merger with The Marquie Group, Inc. 0 10
Common stock issued for merger with Global Nutrition Experience, Inc. $ 19,300 $ 0
Accrued interest added to notes payable principal balances 0 100,192
Company waiver of loans receivable from related party in exchange for related party's waiver of accrued consulting fees $ 15,950 $ 0