Restatement

12 Months Ended

May 31, 2016

Restatement [Abstract]

RESTATEMENT

NOTE 8 – RESTATEMENT

The balance sheet as of May 31, 2016 and Statements of Operations and Cash Flows were restated to reflected corrections, as purchases made for resale were recorded on the cash basis, embedded feature and debt discounts related to convertible notes were not recorded and there were other clerical errors. There was no significant effect on EPS.

The following table summarizes changes made to the May 31, 2016 financial statements.

	May 31, 2016
Balance Sheet:	As Reported			Adjustment			As Restated
Accounts receivable	$	372,622		$	(372,622	)	$	-
Inventory		-			189,823			189,823
Total Current Assets		488,360			(182,799	)		305,561
Total Assets		488,860			(182,799	)		306,061
Accounts payable		319,795			(319,795	)		-
Derivative liability		-			351,041			351,041
Debt discount		-			(134,148	)		(134,148	)
Deferred revenue		507,722			(507,722	)		-
Total current liabilities		1,075,348			(610,624	)		464,724
Total liabilities		1,075,348			(610,624	)		464,724
Accumulated deficit		(649,241	)		427,824			(221,417	)
Statement of Operations:
Purchase – Resale items		629,440			(152,643	)		476,797
Gross profit (loss)		(90,702	)		187,473			97,041
Operating expenses		72,469			(32,319	)		40,150
Non-operating expenses		-			254,287			254,287
Net loss		(163,171	)		(34,125	)		(197,296	)

For the year ended May 31, 2015, accounts receivable, accounts payable, deferred revenue, sales and purchases were adjusted as the errors related to the COGS and sales that occurred in 2015. As a result, the net loss decreased by approximately $450,000 and the loss per shares remained below $0.01.