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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (165,456) $ 1,180,159
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Stock issued for services 102,700 0
Depreciation of music inventory 814 1,238
Income from derivative liability (905,940) (1,911,637)
Amortization of debt discounts 111,141 70,629
Default interest added to notes principal balance 67,188 0
Changes in operating assets and liabilities:    
Accounts payable 26,410 15,259
Accrued interest payable on notes payable 359,539 291,344
Accrued consulting fees 240,000 219,700
Net Cash Used by Operating Activities (163,604) (133,308)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Music inventory (620) 0
Trademark costs (800) 0
Payments from loans receivable, related party (6,990) (28,247)
Net Cash Used by Investing Activities (8,410) (28,247)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Bank overdraft 43 46
Proceeds from standby equity agreement 55,732 0
Proceeds from notes payable 124,696 155,935
Repayments of notes payable to related parties (8,457) (29,500)
Proceeds from notes payable to related parties 0 34,721
Net Cash Provided by Financing Activities 172,014 161,202
NET DECREASE IN CASH AND CASH EQUIVALENTS 0 (353)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0 353
CASH AND CASH EQUIVALENTS, END OF PERIOD 0 0
Cash Payments For:    
Interest 0 0
Income taxes 0 0
Non-cash investing and financing activities:    
Issuance of stock and promissory note for investment in acquisition 0 6,200,000
Initial derivative liability charged to debt discounts 76,055 61,100
Conversion of debt and accrued interest into common stock $ 350,472 $ 147,507