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DISCONTINUED OPERATIONS
3 Months Ended
Aug. 31, 2019
DISCONTINUED OPERATIONS  
NOTE 7 - 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 Three Months Ended

 

August 31,

 

2019

 

2018

 

Revenues

 

$

-

 

$

334

 

Cost of Goods Sold

 

-

 

-

 

Gross Profit

 

-

 

334

 

Income from operations

 

-

 

334

 

Provision for income taxes

 

-

 

-

 

Income from discontinued operations

 

$

-

 

$

334