3. Critical Accounting Policies and Estimates (Tables)

9 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Schedule of property useful lives

Computer equipment	3 years
Furniture & fixtures	3 years
Leasehold improvements	Term of the lease

Deferred revenue

	February 28, 2019			May 31, 2018
Deferred subscriptions	$	610,493		$	587,194
Unearned IR revenues		269,536			315,238
Total		880,029			902,432
Current		(746,811	)		(787,557	)
Noncurrent	$	133,218		$	114,875

Fair value of financial instruments

	Fair Value						Carrying
	Level 1		Level 2		Level 3		Value
Assets -
Cash and cash equivalent	$	2,287,965	$	–	$	–	$	2,287,965
Marketable equity securities		927,443		–		–		927,443
Cryptocurrency		47,027		–		–		47,027
Liability -
Short-term notes	$	–	$	4,311,114	$	–	$	3,944,563

	Fair Value						Carrying
	Level 1		Level 2		Level 3		Value
Assets -
Cash and cash equivalent	$	1,390,258	$	–	$	–	$1,390,258
Marketable equity securities		1,230,754		–		–	1,230,754
Cryptocurrency		31,479		–		–	31,479
Liability -
Short-term notes	$	–	$	998,192	$	–	$1,058,084

Other Revenue

For the three-month periods ended February 28, 2019 and 2018 details as below:

	February 28, 2019		February 28, 2018
Misc. service revenues	$	6,620	$	–
Bitcoin trading class revenues		–		–
Referral fees		–		201,986
Total	$	6,620	$	201,986

For the nine-month periods ended February 28, 2019 and 2018 details as below:

	February 28, 2019		February 28, 2018
Misc. service revenues	$	64,549	$	4,755
Bitcoin trading class revenues		32,898		–
Referral fees		–		201,986
Total	$	97,447	$	206,741

Exchange rate translation

February 28, 2019
Spot rate	RMB 6.69 to US $1.00
Average rate for the three months ended February 28, 2019	RMB 6.85 to US $1.00
Average rate for the nine months ended February 28, 2019	RMB 6.81 to US $1.00
Spot rate	CAD 1.32 to US $1.00
Average rate for the three months ended February 28, 2019	CAD 1.32 to US $1.00
Average rate for the nine months ended February 28, 2019	CAD 1.32 to US $1.00
May 31, 2018
Spot rate	RMB 6.32 to US $1.00
Average rate for the three months ended February 28, 2018	RMB 6.40 to US $1.00
Average rate for the nine months ended February 28, 2018	RMB 6.58 to US $1.00