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DISCONTINUED OPERATIONS
9 Months Ended
Feb. 29, 2020
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 income from discontinued operations:

 

For the Three Months Ended

For the Nine Months Ended

February 29,

February 29,

2020

2019

2020

2019

Revenues

$

-

$

-

$

-

$

555

Cost of Goods Sold

-

-

-

-

Gross Profit

-

-

-

555

Operating Expenses

General and administration

-

3,951

-

3,951

Total operating expenses

-

3,951

-

3,951

Income from operations

-

(3,951

)

-

(3,396

)

Provision for income taxes

-

-

-

Income from discontinued operations

$

-

$

(3,951

)

$

-

$

(3,396

)