RELATED PARTY TRANSACTIONS

12 Months Ended

May 31, 2019

RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

On July 2, 2017, the Company received loans from a former shareholder of $4,000. The loans were unsecured, non-interest bearing and due on demand.

On October 20, 2017, there was a change in control of the Company. As a result, amounts of $6,007 that were previously recorded as due to related parties, have been recorded as additional paid in capital as the amounts were forgiven upon the change in control of the Company. In addition, $8,206 of accounts payable was settled by the previous ownership group and recorded as additional paid in capital, per the terms of the purchase agreement.

On January 10, 2018, the shareholders provided $35,000 to the Company for the acquisition of intangible assets.

During the year ended May 31, 2019 and 2018, the Company received loans from a shareholder of $38,230 and $10,629 to pay the operating expenses, respectively. During the year ended May 31, 2018, $2,000 was forgiven and recorded as additional paid in capital. The loans were unsecured, non-interest bearing and due on demand.

The balance due to the shareholders was $81,859 and $43,629 as of May 31, 2019 and 2018.