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DISCONTINUED OPERATIONS
12 Months Ended
May 31, 2019
DISCONTINUED OPERATIONS  
NOTE 8 - DISCONTINUED OPERATIONS

On December 1, 2018, the Company disposed of its subsidiary that focused on online mobile applications. The change of the business qualified as a discontinued operation of the Company and accordingly, the Company has excluded results of the operations from its Consolidated Statements of Operations to present this business in discontinued operations.

 

The following table shows the results of operations which are included in the loss from discontinued operations:

 

 

For the Year Ended

 

May 31,

 

2019

 

2018

 

Revenues

 

$

555

 

$

6,759

 

Cost of Goods Sold

 

-

 

3,363

 

Gross Profit

 

555

 

3,396

 

Operating Expenses

 

General and administration

 

3,951

 

-

 

Impairment

 

-

 

35,000

 

Total operating expenses

 

3,951

 

35,000

 

Net loss from operations

 

(3,396

)

 

(31,604

)

Provision for income taxes

 

-

 

-

 

Loss from discontinued operations

 

$

(3,396

)

 

$

(31,604

)