10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)

☒    QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 31, 2018

☐    TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission File Number: 333-220846

Reviv3 Procare Company

(Exact Name of Registrant as Specified in Its Charter)

Delaware	47-4125218
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
9480 Telstar Avenue., Unit 5, El Monte, CA	90211
(Address of Principal Executive Office)	(Zip Code)

(888) 638-8883

(Registrant’s Telephone Number, Including Area Code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒  No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
(Do not check if a smaller reporting company)		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒ 

As of October 11, 2018, there were 40,505,047 shares of the registrant’s common stock, $0.0001 par value, outstanding.

REVIV3 PROCARE COMPANY

INDEX

		Page
PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	2
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	5
Item 4.	Controls and Procedures	5
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	6
Item 1A.	Risk Factors	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3.	Defaults Upon Senior Securities	6
Item 4.	Mine Safety Disclosures	6
Item 5.	Other Information	6
Item 6.	Exhibits	7
Signatures		8

i

FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this quarterly report on Form 10-Q contain certain “forward-looking statements’’ within the meaning of the federal securities laws. This includes statements regarding our future financial position, economic performance, results of operations, business strategy, budgets, projected costs, plans and objectives of management for future operations, and the information referred to under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

These forward-looking statements generally can be identified by the use of forward-looking terminology, such as “may,’’ “will,’’ “expect,’’ “intend,’’ “estimate,’’ “anticipate,’’ “believe,’’ “continue’’ or similar terminology, although not all forward-looking statements contain these words. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, you are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Although we believe that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Important factors that may cause actual results to differ from projections include, for example:

● the success or failure of management’s efforts to implement our business plan;

● our ability to fund our operating expenses;

● our ability to compete with other companies that have a similar business plan;

● the effect of changing economic conditions impacting our plan of operation; and

● our ability to meet the other risks as may be described in future filings with the Securities and Exchange Commission (the “SEC”).

Unless otherwise required by law, we also disclaim any obligation to update our view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this quarterly report on Form 10-Q.

When considering these forward-looking statements, you should keep in mind the cautionary statements in this quarterly report on Form 10-Q and in our other filings with the SEC. We cannot assure you that the forward-looking statements in this quarterly report on Form 10-Q will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may prove to be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time-frame, or at all.

ii

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

REVIV3 PROCARE COMPANY

INDEX TO FINANCIAL STATEMENTS

AUGUST 31, 2018

UNAUDITED

 
CONTENTS

Balance Sheets - As of August 31, 2018 (Unaudited) and May 31, 2018	F-1
Statement of Operations for the three months ended August 31, 2018 and 2017 (Unaudited)	F-2
Statement of Cash Flows for the three months ended August 31, 2018 and 2017 (Unaudited)	F-3
Condensed Notes to Unaudited Financial Statements	F-4

1

REVIV3 PROCARE COMPANY

BALANCE SHEETS

	August 31,			May 31,
	2018			2018
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash	$	141,236		$	227,870
Accounts receivable, net		27,495			29,991
Inventory		357,601			321,537
Advance to suppliers		26,483			3,413
Prepaid expenses and other current assets		7,801			3,505
Total Current Assets		560,616			586,316
OTHER ASSETS:
Property and equipment, net		7,437			8,349
Deposits		14,849			14,849
Total Other Assets		22,286			23,198
TOTAL ASSETS	$	582,902		$	609,514
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	100,255		$	79,759
Customer deposits		62,396			16,200
Due to related party		210			210
Total Current Liabilities		162,861			96,169
Total Liabilities		162,861			96,169
Commitments and contingencies (see Note 8)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized; none issued and outstanding		—			—
Common stock, $0.0001 par value: 100,000,000 shares authorized; 40,505,047 shares issued and outstanding as of August 31, 2018 and May 31, 2018		4,051			4,051
Additional paid-in capital		4,997,461			4,997,461
Accumulated deficit		(4,581,471	)		(4,488,167	)
Total Stockholders' Equity		420,041			513,345
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	582,902		$	609,514

See accompanying condensed notes to unaudited financial statements.

F-1

REVIV3 PROCARE COMPANY

STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Month Periods Ended
	August 31,
	2018			2017
Sales	$	141,180		$	111,245
Cost of sales		63,776			44,505
Gross profit		77,404			66,740
OPERATING EXPENSES:
Marketing and selling expenses		9,203			12,607
Compensation and related taxes		7,669			5,606
Professional and consulting expenses		49,486			118,710
General and administrative		104,099			55,512
Total Operating Expenses		170,457			192,435
LOSS FROM OPERATIONS		(93,053	)		(125,695	)
OTHER INCOME (EXPENSE):
Interest income		21			30
Interest expense and other finance charges		(272	)		(1,064	)
Other Income (Expense), Net		(251	)		(1,034	)
LOSS BEFORE PROVISION FOR INCOME TAXES		(93,304	)		(126,729	)
Provision for income taxes		—			—
NET LOSS	$	(93,304	)	$	(126,729	)
NET LOSS PER COMMON SHARE - Basic and diluted	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic and diluted		40,505,047			30,752,308

See accompanying condensed notes to unaudited financial statements.

F-2

REVIV3 PROCARE COMPANY

STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Three Month Periods Ended
	August 31,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(93,304	)	$	(126,729	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		913			596
Bad debts		—			1,540
Inventory obsolescence		636			—
Stock based compensation		—			27,396
Change in operating assets and liabilities:
Accounts receivable		2,496			(6,666	)
Inventory		(36,700	)		(74,333	)
Advance to suppliers		(23,070	)		(30,212	)
Prepaid expenses and other current assets		(4,296	)		(7,039	)
Accounts payable and accrued expenses		20,495			21,420
Customer deposits		46,196			(4,098	)
NET CASH USED IN OPERATING ACTIVITIES		(86,634	)		(198,125	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		—			(468	)
NET CASH USED IN INVESTING ACTIVITIES		—			(468	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from a related party		—			150
NET CASH PROVIDED BY FINANCING ACTIVITIES		—			150
NET DECREASE IN CASH		(86,634	)		(198,443	)
CASH - Beginning of year		227,870			416,873
CASH - End of year	$	141,236		$	218,430
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest	$	—		$	—
Income taxes	$	—		$	—
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock for prepaid services	$	—		$	20,000

See accompanying condensed notes to unaudited financial statements.

F-3

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 1 – Organization

Reviv3 Procare Company (the “Company”) was incorporated in the State of Delaware on May 21, 2015 as a reorganization of Reviv3 Procare, LLC which was organized on July 31, 2013. The Company is engaged in the manufacturing, marketing, sale and distribution of professional quality hair and skin care products throughout the United States, Canada, Europe and Asia.

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The unaudited financial statements for the three months ended August 31, 2018 and 2017 have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows as of August 31, 2018 and 2017, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with generally accepted accounting principles have been omitted. The unaudited financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended May 31, 2018. The results of operations for the three months ended August 31, 2018 are not necessarily indicative of the results to be expected for the full year.

Going Concern

As reflected in the accompanying financial statements, the Company has a net loss and net cash used in operations of $93,304 and $86,634, respectively, for three months period ended August 31, 2018.  Additionally the Company has an accumulated deficit of $4,581,471 at August 31, 2018. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of 12 months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent on the Company’s ability to implement its business plan, raise capital, and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to further implement its business plan and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Use of estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates made by management include, but are not limited to, the allowance for doubtful accounts, inventory valuations, the useful life of property and equipment, the valuation of deferred tax assets, the value of stock-based compensation, and the fair value of non-cash common stock issuances. 

Cash and cash equivalents

The Company considers all highly liquid debt instruments and other short-term investments with maturities of three months or less, when purchased, to be cash equivalents.  The Company maintains cash and cash equivalent balances at one financial institution that is insured by the Federal Deposit Insurance Corporation.

F-4

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies (continued)

Accounts receivable and allowance for doubtful accounts

The Company has a policy of providing on allowance for doubtful accounts based on its best estimate of the amount of probable credit losses in its existing accounts receivable.  The Company periodically reviews its accounts receivable to determine whether an allowance is necessary based on an analysis of past due accounts and other factors that may indicate that the realization of an account may be in doubt.  Account balances deemed to be uncollectible are charged to bad debt expense and included in the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

Prepaid expenses and other current assets

Prepaid expenses and other current assets of $7,801 and $3,505 at August 31, 2018 and May 31, 2018, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses at August 31, 2018 primarily included prepaid rent and May 31, 2018 primarily included cash prepayments to vendors.   

Advances to suppliers

Advances to suppliers represent the cash paid in advance for installment payments for the purchase of inventory. The advances to a supplier are interest free and unsecured. As of August 31, 2018 and May 31, 2018, advances to the Company’s major supplier amounted to $26,483 and $3,413, respectively. Upon shipment, by the vendor, of the purchase inventory, the Company reclassifies such advances to supplier into inventory. 

Inventory

The Company values inventory, consisting of finished goods and raw materials, at the lower of cost and net realizable value. Cost is determined using an average cost method. The Company reduces inventory for the diminution of value, resulting from product obsolescence, damage or other issues affecting marketability, equal to the difference between the cost of the inventory and its net realizable value. The Company evaluates its current level of inventory considering historical sales and other factors and, based on this evaluation, classifies inventory markdowns in the statement of operations as a component of cost of goods sold. These markdowns are estimates, which could vary significantly from actual requirements if future economic conditions, customer demand or competition differ from expectations.

Property and Equipment

Property and equipment are carried at cost less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized.  When assets are retired or disposed of, the cost and accumulated depreciation are removed, and any resulting gains or losses are included in the statement of operations.

Revenue recognition

Effective June 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers, which is effective for public business entities with annual reporting periods beginning after December 15, 2017.  This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures.

F-5

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies (continued)

The Company sells a variety of hair and skin care products. The Company recognizes revenue for the agreed upon sales price when a purchase order is received from the customer and subsequently the product is shipped to the customer, which satisfies the performance obligation. Consideration paid to the customer to promote and sell the Company’s products is typically recorded as a reduction of revenues. See Note 10 for revenue disaggregation disclosures.

Cost of Sales

The primary components of cost of sales include the cost of the product and shipping fees.

Shipping and Handling Costs

The Company accounts for shipping and handling fees in accordance with ASC 606. While amounts charged to customers for shipping products are included in revenues, the related costs of shipping products to customers are classified in marketing and selling expenses as incurred. Shipping costs included in marketing and selling expense were $9,203 and $12,607 for the three months period ended August 31, 2018 and 2017, respectively.

Marketing, selling and advertising

Marketing, selling and advertising costs are expensed as incurred.

Customer Deposits

Customer deposits consisted of prepayments from customers to the Company. The Company will recognize the prepayments as revenue upon delivery of products in compliance with its revenue recognition policy.

Fair value measurements and fair value of financial instruments

The Company adopted Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: 

Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

F-6

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies (continued)

The estimated fair value of certain financial instruments, including prepaid expenses, deposits, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

Income Taxes

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Impairment of long-lived assets  

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value.

Stock-based compensation

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

F-7

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies (continued)

Effective June 1, 2018, the Company adopted the proposed update to ASC 718 whereby, the accounting for share-based payments to nonemployees and employees is substantially aligned. The ASU supersedes Subtopic 505-50, Equity - Equity-Based Payments to Non-Employees. Consistent with the accounting requirement for employee sharebased payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that the Company is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. The adoption of the standard did not have a material impact on the financial statements of the Company.

Net loss per share of common stock

Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares during the period. Diluted net loss per share is computed using the weighted average number of common shares and potentially dilutive securities outstanding during the period. At August 31, 2018 and 2017, the Company had no potentially dilutive securities.

Recently Issued Accounting Pronouncements

In February 2016, FASB issued ASU 2016-02, “Leases” (Topic 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases. The new guidance will be effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods and is applied retrospectively. Early adoption is permitted. The Company does not believe the guidance will have a material impact on its financial statements.

In January 2017, the FASB issued ASU No. 2017-4, “Intangibles – Goodwill and Other” (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates Step 2 from the goodwill impairment test. When an indication of impairment was identified after performing the first step of the goodwill impairment test, Step 2 required that an entity determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) using the same procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under the amendments in ASU No. 2017-4, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value. An entity would recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value. In addition, an entity must consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. A public business entity that is a SEC filer should adopt the amendments in ASU No. 2017-4 for its annual, or any interim, goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company does not believe the guidance will have a material impact on its financial statements.

F-8

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies (continued)

In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”. The ASU was issued to address the complexity associated with applying generally accepted accounting principles (GAAP) for certain financial instruments with characteristics of liabilities and equity. The ASU, among other things, eliminates the need to consider the effects of down round features when analyzing convertible debt, warrants and other financing instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value. as a result of the existence of a down round feature. The amendments are effective for fiscal years beginning after December 15, 2018, and should be applied retrospectively. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption to have any significant impact on its Financial Statements. The Company is currently in the process of evaluating the impact of the adoption of this standard on its financial statements. 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

Note 3 – Accounts Receivable

Accounts receivable, consisted of the following:

	August 31, 2018			May 31, 2018
Accounts receivable	$	30,237		$	32,733
Less: Allowance for bad debts		(2,742	)		(2,742	)
	$	27,495		$	29,991

The Company recorded bad debt expense of $0 and $1,540 during the three month periods ended August 31, 2018 and 2017, respectively.

Note 4 – Inventory

Inventory consisted of the following:

	August 31, 2018		May 31, 2018
Finished goods	$	81,587	$	113,134
Raw materials		276,014		208,403
	$	357,601	$	321,537

At August 31, 2018 and May 31, 2018, inventory held at third party locations amounted to $35,850 and $64,485, respectively.

During the three months period ended August 31, 2018 and 2017, the Company wrote down inventory for obsolescence of $636 and $0 which is included in cost of sales.

F-9

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 5 – Property and Equipment

Property and equipment, stated at cost, consisted of the following: 

	Estimated life	August 31, 2018			May 31, 2018
Furniture and fixtures	5 years	$	5,759		$	5,759
Computer equipment	3 years		7,495			7,495
Less: Accumulated depreciation			(5,817	)		(4,905	)
		$	7,437		$	8,349

Depreciation expense amounted to $913 and $596 for the three month periods ended August 31, 2018 and 2017, respectively. 

Note 6 – Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses comprised of the following:

	August 31, 2018		May 31, 2018
Trade Payables	$	60,490	$	41,320
Accrued Freight		22,532		22,532
Credit Cards		17,077		15,521
Other		156		386
	$	100,255	$	79,759

Note 7 – Stockholders’ Equity

Shares Authorized

The authorized capital of the Company consists of 100,000,000 shares of common stock, par value $0.0001 per share and 20,000,000 shares of preferred stock, par value $0.0001 per share.

Preferred Stock

The preferred stock may be issued from time to time in one or more series. The Board of Directors of the Company is expressly authorized to provide for the issuance of all or any of the shares of the preferred stock in one or more series, and to fix the number of shares and to determine or alter, for each such series, such voting powers, full or limited, or no voting powers and such designations, preferences, and relative, participating, optional, or other rights and such qualifications, limitations, or restrictions thereof, as shall be stated and expressed until the resolution adopted by the Board of Directors providing the issuance of such shares. The Board of Directors is also expressly authorized to increase or decrease the number of shares of any series subsequent to the issue of shares of that series. In case the number of shares of any such series shall be so decreased, the decrease shall resume the status that they had prior to the adoption of the resolution originally fixing the number of shares of such series.

Common Stock

In June 2017, the Company issued an aggregate of 80,000 shares of the Company’s common stock to various consultants pursuant to consulting agreements related to marketing and business advisory services. The term of the consulting agreements ranges from 2 months to 6 months. The Company valued these common shares at the fair value of $20,000 based on the sale of common stock in the recent private placements at $0.25 per common share. In connection with the issuance of these common shares, the Company recorded stock based compensation of $20,000.

No stock was issued during the three months period ended August 31, 2018.

F-10

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 8 – Commitments and Contingencies

In September 2016, the Company executed a lease agreement in connection with its office and warehouse facility in California under operating leases for a period of 37 months commencing in October 2016 and expiring in October 2019. The Company shall pay a monthly base rent starting at $6,782 plus a pro rata share of operating expenses. The base rent is subject to an annual increase beginning in October 2017 as defined in the lease agreement. Rent expense amounted to $25,066 and $21,631 for the three month periods ended August 31, 2018 and 2017, respectively. Future minimum rental payments required under this operating lease are as follows:

	Total		1 Year		2-3 Year		Thereafter
Operating lease	$	100,945	$	86,311	$	14,635	$	—
Total	$	100,945	$	86,311	$	14,635	$	—

The Company entered into an agreement with a consultant, during the quarter ended August 31, 2018, for services for a term of one year commencing from September 1, 2018. The consultant shall be entitled to receive 10% of the gross revenues generated as a direct result of their activities, a monthly fee of $1,000 and 12,500 shares of common stock of the Company on a quarterly basis.

Note 9 – Related Party Transactions

The Company’s Chief Executive Officer, from time to time, provided advances to the Company for working capital purposes. At August 31, 2018 and May 31, 2018, the Company had a payable to the officer of $210 and $210, respectively. These advances were short-term in nature and non-interest bearing.   

During the three month period ended August 31, 2018, the Company paid $280 to an affiliated company for advisory services rendered. The affiliated company is managed by the Company’s Chief Executive Officer.

F-11

REVIV3 PROCARE COMPANY

CONDENSED NOTES TO UNAUDITED FINANCIAL STATEMENTS

AUGUST 31, 2018

Note 10 – Concentrations

Concentration of Revenue, Product Line, and Supplier

During the three month period ended August 31, 2018 sales to three customers represented approximately 59% of the Company’s net sales at 25%, 18% and 16%. During the three month period ended August 31, 2017, sales to two customers represented approximately 47% of the Company’s net sales at 20% and 27%.

During the three month period ended August 31, 2018 sales to customers outside the United States represented approximately 33% which consisted of 27% from Canada and 6% from Hong Kong and for the three month period ended August 31, 2017, sales to customers outside the United States represented approximately 41% from Canada.

During the three month period ended August 31, 2018, sales by product line which each represented over 10% of sales consisted of approximately 22% from sales of hair shampoo, 16% from sales of hair shampoo and conditioner, 20% from sale of hair treatment spray and repair products and 22% from sale of introductory kit (shampoo, conditioner and treatment spray). During the three months ended August 31, 2017, sales by product line which each represented greater than 10% of sales consisted of approximately 21% from sales of hair shampoo, 14% from sales of hair shampoo and conditioner, 13% from sale of hair treatment spray and 33% from sale of introductory kit (shampoo, conditioner, and treatment spray).

As of August 31, 2018, accounts receivable from four customers represented approximately 87% at 33%, 30%, 12% and 12% and at May 31, 2018, accounts receivable from three customers represented approximately 60% at 34%, 14% and 12% of the accounts receivable, respectively.

The Company purchased inventories and products from four vendors totaling approximately $86,500 (87% of the purchases) and three vendors totaling approximately $65,000 (87% of the purchases) during the three month periods ended August 31, 2018 and 2017, respectively.

Note 11 – Subsequent events

Subsequent to the three month period ended August 31, 2018, the Company entered into a stock subscription agreement to issue 250,000 shares of its Common Stock at $0.40 per share, in exchange for proceeds of $100,000.

F-12

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information included in this prospectus.

Our Management's Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking.  Forward-looking statements are, by their very nature, uncertain and risky.  Forward-looking statements are often identified by words like: “believe”, “expect”, “estimate”, “anticipate”, “intend”, “project” and similar expressions, or words that, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. These risks and uncertainties include international, national, and local general economic and market conditions; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; change in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; the risk of foreign currency exchange rate; and other risks that might be detailed from time to time in our filing with the Securities and Exchange Commission. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere in this prospectus, particularly in “Risk Factors”.

Although the forward-looking statements in this Registration Statement reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in herein and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

Our financial statements are stated in United States Dollars (USD or US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to “common stock” refer to the common shares in our capital stock.

Overview

Reviv3 Procare Company is engaged in the manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands and has adopted and used the trademarks products for distribution throughout the United States, Canada, Europe, and Asia pursuant to the terms of 11 exclusive distribution agreements with various parties throughout our targeted market. Majority of our ingredients are derived from natural sources. Our manufacturing operations are outsourced and fulfilled by through our co-packers and manufacturing partners. Currently, we produce 7 products with 13 separate sku’s and look to expand our product lines over the next 12 months.

Since our inception, we have engaged in significant operational activities as described in "Business," above.

-2-

We are an "emerging growth company" ("EGC") that is exempt from certain financial disclosure and governance requirements for up to five years as defined in the Jumpstart Our Business Startups Act ("the JOBS Act"), that eases restrictions on the sale of securities; and increases the number of shareholders a company must have before becoming subject to the U.S. Securities and Exchange Commission's (SEC's) reporting and disclosure rules (See "Emerging Growth Companies" section above). We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the Jobs Act, that allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

Results of Operations

For the Three Months Ended August 31, 2018

Our results of operations for the three months ended August 31, 2018 and 2017 are summarized below.

	Three Months Ended August 31, 2018			Three Months Ended August 31, 2017
Revenues	$	141,180		$	111,245
Cost of Sales	$	63,776		$	44,505
Total operating expenses	$	170,457		$	192,435
Loss from operations	$	(93,053	)	$	(125,695	)
Net loss	$	(93,304	)	$	(126,729	)

For the three months ended August 31, 2018 revenues increased by approximately $29,935, or 26.9%, as compared to the three months ended August 31, 2017.

Cost of sales includes the cost of product and shipping fees for products received. For the three months ended August 31, 2018, cost of sales increased by approximately $19,271 or 43.3%, as compared to the three months ended August 31, 2018.

For the three months ended August 31, 2018, gross profit amounted to $77,404 as compared to $66,740 in the three months ended August 31, 2017, amounting to an increase of $10,664, or 15.9%. For the three months ended August 31, 2018 and 2017, gross profit margins were at 54.8% and 60%, respectively. This decrease in gross margin is due to normal business fluctuations, which are within expectations based from prior performance.

For the three months ended August 31, 2018 and 2017, we incurred operating expenses of $170,457 and $192,435, respectively, and a net loss of $(93,304) and $(126,729), respectively. The operating expenses are costs related to marketing and selling expenses, compensation and related taxes, professional and consulting fees, and general and administrative costs. Operating expenses decreased by approximately $21,978 or 11.4% as compared to the last three months ended August 31, 2018.

During the three months ended August 31, 2018, other expense decreased by $783 or 75.7%.

-3-

Liquidity and Capital Resources

For the Three Months Ended August 31, 2018 and 2017

The following table provides detailed information about our net cash flows:

	For the Three Months Ended August 31, 2018			For the Three Months Ended August 31, 2017
Cash Flows
Net cash used in operating activities	$	(86,634	)	$	(198,125	)
Net cash used in investing activities		—			(468	)
Net cash provided by financing activities		—			150
Net change in cash	$	(86,634	)	$	(198,443	)

We are an emerging growth company and currently engaged in our initial product sales and development. We have an accumulated deficit and have incurred operating losses since our inception and expect losses to continue during fiscal year 2018. This raises substantial doubt about our ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Operating Activities

For the Three Months Ended August 31, 2018 and 2017

Cash used in operating activities for the three months ended August 31, 2018 consisted of net loss as well as the effect of changes in operating assets and liabilities as well as adjustments to reconcile net to loss to net cash used in operating activities. Cash used in operating activities of $(86,634) consisted of a net loss of $(93,304). The net loss was partially offset by reconciliation of depreciation of $913, inventory obsolescence of $636, offset by net changes in operating assets and liabilities of $5,121 primarily from an increase in inventory, advances to suppliers and increase in accounts payable and accrued expenses and customer deposits.

Cash used in operating activities for the three months ended August 31, 2017 consisted of net loss as well as the effect of changes in operating assets and liabilities as well as adjustments to reconcile net to loss to net cash used in operating activities. Cash used in operating activities of $(198,125) consisted of a net loss of $(126,729). The net loss was partially offset by reconciliation of depreciation of $596, bad debts of $1,540, stock based compensation of $27,396 offset by the net changes in operating assets and liabilities of $100,928 primarily due to a decrease in inventory, decrease in accounts payable and accrued expenses and customer deposits.

Investing Activities

For the Three Months Ended August 31, 2018 and 2017

For the Three Months Ended August 31, 2018 and 2017 we derived cash flow from investing activities of $0 and $(468), respectively.

-4-

Financing Activities 

For the Three Months Ended August 31, 2018 and 2017

For the three months ended August 31, 2018 net cash provided by financing activities was $0.

We currently have no external sources of liquidity, such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have a current or future effect on our financial condition or immediate access to capital.

We are dependent on our product sales to fund our operations and may require the sale of additional common stock to maintain operations. Our officers and directors have made no written commitments with respect to providing a source of liquidity in the form of cash advances, loans, and/or financial guarantees.

If we are unable to raise the funds required to fund our operations, we will seek alternative financing through other means, such as borrowings from institutions or private individuals. There can be no assurance that we will be able to raise the capital we need for our operations from the sale of our securities. We have not located any sources for these funds and may not be able to do so in the future. We expect that we will seek additional financing in the future. However, we may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful at raising sufficient funds, for whatever reason, to fund our operations, we may be forced to cease operations. If we fail to raise funds, we expect that we will be required to seek protection from creditors under applicable bankruptcy laws.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required for smaller reporting companies.

ITEM 4. CONTROLS AND PROCEDURES

Our management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, has reviewed and evaluated the effectiveness of the Company’s disclosure controls and procedures as of August 31, 2018. Based on such review and evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of August 31, 2018, the disclosure controls and procedures were effective to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act (a) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (b) is accumulated and communicated to the Company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or 15d-15 of the Exchange Act that occurred during the fiscal quarter ended August 31, 2018 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

-5-

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not a party to any material litigation, nor, to the knowledge of management, is any litigation threatened against us that may materially affect us.

ITEM 1A. RISK FACTORS

As a smaller reporting company we are not required to provide risk factors. Please refer to our registration statement under Form S-1 for more information regarding risks related to the securities of the Company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. Mine Safety Disclosures

Not applicable.

ITEM 5. OTHER INFORMATION

(a) Not applicable.

(b) During the quarter ended August 31, 2018, there have not been any material changes to the procedures by which security holders may recommend nominees to the Board of Directors.

-6-

ITEM 6. EXHIBITS

			Incorporated by reference
Exhibit		Filed		Period		Filing
Number	Exhibit Description	herewith	Form	Ending	Exhibit	date
3.1	Articles of Incorporation filed with the state of Delaware on May 21, 2015		S-1	05/31/2017	3.1	10/6/2017
3.2	Bylaws		S-1	05/31/2017	3.2	10/6/2017
3.3	Certificate of Amendment filed in the state of Delaware on June 9, 2015		S-1	05/31/2017	4.2	10/6/2017
10.1	Contribution Agreement between Reviv3 Procare, LLC and Reviv3 Procare Company, dated June 1, 2015		S-1	05/31/2017	10.1	10/6/2017
10.2	Lease Agreement between Riviv3 Procare Company and the Realty Association Fund VIII, L.P. dated September 28, 2016		S-1/A	5/31/2017	10.2	11/17/2017
31.1	Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	X		08/31/2018
31.2	Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	X		08/31/2018
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	X		08/31/2018
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	X		08/31/2018
101.INS	XBRL Instance	X		08/31/2018
101.SCH	XBRL Taxonomy Extension Schema	X		08/31/2018
101.CAL	XBRL Taxonomy Extension Calculation	X		08/31/2018
101.DEF	XBRL Taxonomy Extension Definition	X		08/31/2018
101.LAB	XBRL Taxonomy Extension Labels	X		08/31/2018
101.PRE	XBRL Taxonomy Extension Presentation	X		08/31/2018

-7-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Reviv3 Procare Company
Date: October 11, 2018	By:	/s/ Jeff Toghraie
		Jeff Toghraie
		Chief Executive Officer and Chief Financial Officer (principal executive officer, principal accounting officer and principal financial officer)

-8-

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Jeff Toghraie, certify that:

1.	I have reviewed this quarterly report on Form 10-Q for the quarter ended August 31, 2018 of Reviv3 Procare Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 11, 2018

/s/ Jeff Toghraie

Jeff Toghraie

Chief Executive Officer

(principal executive officer)

EX-31.2

Exhibit 31.2

 CERTIFICATIONS

I, Jeff Toghraie, certify that:

1.	I have reviewed this quarterly report on Form 10-Q for the quarter ended August 31, 2018 of Reviv3 Procare Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 11, 2018

/s/ Jeff Toghraie

Jeff Toghraie

Chief Financial Officer

(principal financial officer)

EX-32.1

Exhibit 32.1

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Reviv3 Procare Company. (the “Company”) on Form 10-Q for the period ended August 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jeff Toghraie, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: October 11, 2018	/s/ Jeff Toghraie
	Jeff Toghraie
	Chief Executive Officer
	(principal executive officer)

EX-32.2

Exhibit 32.2

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Reviv3 Procare Company. (the “Company”) on Form 10-Q for the period ended August 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jeff Toghraie, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: October 11, 2018	/s/ Jeff Toghraie
	Jeff Toghraie
	Chief Financial Officer
	(principal financial officer)

XML

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2018	Oct. 10, 2018
Document And Entity Information
Entity Registrant Name	Reviv3 Procare Co
Entity Central Index Key	0001718500
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Document Type	10-Q
Document Period End Date	Aug. 31, 2018
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		40,505,047
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false

XML

BALANCE SHEETS (Unaudited) - USD ($)	Aug. 31, 2018	May 31, 2018
CURRENT ASSETS:
Cash	$ 141,236	$ 227,870
Accounts receivable, net	27,495	29,991
Inventory	357,601	321,537
Advance to suppliers	26,483	3,413
Prepaid expenses and other current assets	7,801	3,505
Total Current Assets	560,616	586,316
OTHER ASSETS:
Property and equipment, net	7,437	8,349
Deposits	14,849	14,849
Total Other Assets	22,286	23,198
TOTAL ASSETS	582,902	609,514
CURRENT LIABILITIES:
Accounts payable and accrued expenses	100,255	79,759
Customer deposits	62,396	16,200
Due to related party	210	210
Total Current Liabilities	162,861	96,169
Total Liabilities	162,861	96,169
Commitments and contingencies (see Note 8)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value: 100,000,000 shares authorized; 40,505,047 shares issued and outstanding as of August 31, 2018 and May 31, 2018	4,051	4,051
Additional paid-in capital	4,997,461	4,997,461
Accumulated deficit	(4,581,471)	(4,488,167)
Total Stockholders' Equity	420,041	513,345
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 582,902	$ 609,514

XML

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Aug. 31, 2018	May 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	40,505,047	40,505,047
Common stock, shares outstanding	40,505,047	40,505,047

XML

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
Income Statement [Abstract]
Net revenues	$ 141,180	$ 111,245
Cost of sales	63,776	44,505
Gross profit	77,404	66,740
OPERATING EXPENSES:
Marketing and selling expenses	9,203	12,607
Compensation and related taxes	7,669	5,606
Professional and consulting expenses	49,486	118,710
General and administrative	104,099	55,512
Total Operating Expenses	170,457	192,435
LOSS FROM OPERATIONS	(93,053)	(125,695)
OTHER INCOME (EXPENSE):
Interest income	21	30
Interest expense and other finance charges	(272)	(1,064)
Other Income (Expense), Net	(251)	(1,034)
LOSS BEFORE PROVISION FOR INCOME TAXES	(93,304)	(126,729)
Provision for income taxes
NET LOSS	$ (93,304)	$ (126,729)
NET LOSS PER COMMON SHARE - Basic and diluted	$ 0.00	$ 0.00
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic and diluted	40,505,047	30,752,308

XML

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (93,304)	$ (126,729)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	913	596
Bad debts		1,540
Inventory obsolescence	636
Stock based compensation		27,396
Change in operating assets and liabilities:
Accounts receivable	2,496	(6,666)
Inventory	(36,700)	(74,333)
Advance to suppliers	(23,070)	(30,212)
Prepaid expenses and other current assets	(4,296)	(7,039)
Accounts payable and accrued expenses	20,495	21,420
Customer deposits	46,196	(4,098)
NET CASH USED IN OPERATING ACTIVITIES	(86,634)	(198,125)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(468)
NET CASH USED IN INVESTING ACTIVITIES		(468)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from a related party		150
NET CASH PROVIDED BY FINANCING ACTIVITIES		150
NET (DECREASE) INCREASE IN CASH	(86,634)	(198,443)
CASH - Beginning of period	227,870	416,873
CASH - End of period	141,236	218,430
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock for prepaid services		$ 20,000

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Organization

3 Months Ended

Aug. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

Note 1 – Organization

Reviv3 Procare Company (the “Company”) was incorporated in the State of Delaware on May 21, 2015 as a reorganization of Reviv3 Procare, LLC which was organized on July 31, 2013. The Company is engaged in the manufacturing, marketing, sale and distribution of professional quality hair and skin care products throughout the United States, Canada, Europe and Asia.

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Summary of Significant Accounting Policies

3 Months Ended

Aug. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The unaudited financial statements for the three months ended August 31, 2018 and 2017 have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows as of August 31, 2018 and 2017, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with generally accepted accounting principles have been omitted. The unaudited financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended May 31, 2018. The results of operations for the three months ended August 31, 2018 are not necessarily indicative of the results to be expected for the full year.

Going Concern

As reflected in the accompanying financial statements, the Company has a net loss and net cash used in operations of $93,304 and $86,634, respectively, for three months period ended August 31, 2018.  Additionally the Company has an accumulated deficit of $4,581,471 at August 31, 2018. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of 12 months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent on the Company’s ability to implement its business plan, raise capital, and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to further implement its business plan and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Use of estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates made by management include, but are not limited to, the allowance for doubtful accounts, inventory valuations, the useful life of property and equipment, the valuation of deferred tax assets, the value of stock-based compensation, and the fair value of non-cash common stock issuances. 

Cash and cash equivalents

The Company considers all highly liquid debt instruments and other short-term investments with maturities of three months or less, when purchased, to be cash equivalents.  The Company maintains cash and cash equivalent balances at one financial institution that is insured by the Federal Deposit Insurance Corporation.

Accounts receivable and allowance for doubtful accounts

The Company has a policy of providing on allowance for doubtful accounts based on its best estimate of the amount of probable credit losses in its existing accounts receivable.  The Company periodically reviews its accounts receivable to determine whether an allowance is necessary based on an analysis of past due accounts and other factors that may indicate that the realization of an account may be in doubt.  Account balances deemed to be uncollectible are charged to bad debt expense and included in the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

Prepaid expenses and other current assets

Prepaid expenses and other current assets of $7,801 and $3,505 at August 31, 2018 and May 31, 2018, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses at August 31, 2018 primarily included prepaid rent and May 31, 2018 primarily included cash prepayments to vendors.   

Advances to suppliers

Advances to suppliers represent the cash paid in advance for installment payments for the purchase of inventory. The advances to a supplier are interest free and unsecured. As of August 31, 2018 and May 31, 2018, advances to the Company’s major supplier amounted to $26,483 and $3,413, respectively. Upon shipment, by the vendor, of the purchase inventory, the Company reclassifies such advances to supplier into inventory. 

Inventory

The Company values inventory, consisting of finished goods and raw materials, at the lower of cost and net realizable value. Cost is determined using an average cost method. The Company reduces inventory for the diminution of value, resulting from product obsolescence, damage or other issues affecting marketability, equal to the difference between the cost of the inventory and its net realizable value. The Company evaluates its current level of inventory considering historical sales and other factors and, based on this evaluation, classifies inventory markdowns in the statement of operations as a component of cost of goods sold. These markdowns are estimates, which could vary significantly from actual requirements if future economic conditions, customer demand or competition differ from expectations.

Property and Equipment

Property and equipment are carried at cost less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized.  When assets are retired or disposed of, the cost and accumulated depreciation are removed, and any resulting gains or losses are included in the statement of operations.

Revenue recognition

Effective June 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers, which is effective for public business entities with annual reporting periods beginning after December 15, 2017.  This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures.

The Company sells a variety of hair and skin care products. The Company recognizes revenue for the agreed upon sales price when a purchase order is received from the customer and subsequently the product is shipped to the customer, which satisfies the performance obligation. Consideration paid to the customer to promote and sell the Company’s products is typically recorded as a reduction of revenues. See Note 10 for revenue disaggregation disclosures.

Cost of Sales

The primary components of cost of sales include the cost of the product and shipping fees.

Shipping and Handling Costs

The Company accounts for shipping and handling fees in accordance with ASC 606. While amounts charged to customers for shipping products are included in revenues, the related costs of shipping products to customers are classified in marketing and selling expenses as incurred. Shipping costs included in marketing and selling expense were $9,203 and $12,607 for the three months period ended August 31, 2018 and 2017, respectively.

Marketing, selling and advertising

Marketing, selling and advertising costs are expensed as incurred.

Customer Deposits

Customer deposits consisted of prepayments from customers to the Company. The Company will recognize the prepayments as revenue upon delivery of products in compliance with its revenue recognition policy.

Fair value measurements and fair value of financial instruments

The Company adopted Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: 

Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The estimated fair value of certain financial instruments, including prepaid expenses, deposits, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

Income Taxes

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Impairment of long-lived assets  

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value.

Stock-based compensation

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

Effective June 1, 2018, the Company adopted the proposed update to ASC 718 whereby, the accounting for share-based payments to nonemployees and employees is substantially aligned. The ASU supersedes Subtopic 505-50, Equity - Equity-Based Payments to Non-Employees. Consistent with the accounting requirement for employee sharebased payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that the Company is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. The adoption of the standard did not have a material impact on the financial statements of the Company.

Net loss per share of common stock

Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares during the period. Diluted net loss per share is computed using the weighted average number of common shares and potentially dilutive securities outstanding during the period. At August 31, 2018 and 2017, the Company had no potentially dilutive securities.

Recently Issued Accounting Pronouncements

In February 2016, FASB issued ASU 2016-02, “Leases” (Topic 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases. The new guidance will be effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods and is applied retrospectively. Early adoption is permitted. The Company does not believe the guidance will have a material impact on its financial statements.

In January 2017, the FASB issued ASU No. 2017-4, “Intangibles – Goodwill and Other” (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates Step 2 from the goodwill impairment test. When an indication of impairment was identified after performing the first step of the goodwill impairment test, Step 2 required that an entity determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) using the same procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under the amendments in ASU No. 2017-4, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value. An entity would recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value. In addition, an entity must consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. A public business entity that is a SEC filer should adopt the amendments in ASU No. 2017-4 for its annual, or any interim, goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company does not believe the guidance will have a material impact on its financial statements.

In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”. The ASU was issued to address the complexity associated with applying generally accepted accounting principles (GAAP) for certain financial instruments with characteristics of liabilities and equity. The ASU, among other things, eliminates the need to consider the effects of down round features when analyzing convertible debt, warrants and other financing instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value. as a result of the existence of a down round feature. The amendments are effective for fiscal years beginning after December 15, 2018, and should be applied retrospectively. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption to have any significant impact on its Financial Statements. The Company is currently in the process of evaluating the impact of the adoption of this standard on its financial statements. 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

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Accounts Receivable

3 Months Ended

Aug. 31, 2018

Receivables [Abstract]

Accounts Receivable

Note 3 – Accounts Receivable

Accounts receivable, consisted of the following:

	August 31, 2018			May 31, 2018
Accounts receivable	$	30,237		$	32,733
Less: Allowance for bad debts		(2,742	)		(2,742	)
	$	27,495		$	29,991

The Company recorded bad debt expense of $0 and $1,540 during the three month periods ended August 31, 2018 and 2017, respectively.

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Inventory

3 Months Ended

Aug. 31, 2018

Inventory Disclosure [Abstract]

Inventory

Note 4 – Inventory

Inventory consisted of the following:

	August 31, 2018		May 31, 2018
Finished goods	$	81,587	$	113,134
Raw materials		276,014		208,403
	$	357,601	$	321,537

At August 31, 2018 and May 31, 2018, inventory held at third party locations amounted to $35,850 and $64,485, respectively.

During the three months period ended August 31, 2018 and 2017, the Company wrote down inventory for obsolescence of $636 and $0 which is included in cost of sales.

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Property and Equipment

3 Months Ended

Aug. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 – Property and Equipment

Property and equipment, stated at cost, consisted of the following: 

	Estimated life	August 31, 2018			May 31, 2018
Furniture and fixtures	5 years	$	5,759		$	5,759
Computer equipment	3 years		7,495			7,495
Less: Accumulated depreciation			(5,817	)		(4,905	)
		$	7,437		$	8,349

Depreciation expense amounted to $913 and $596 for the three month periods ended August 31, 2018 and 2017, respectively. 

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Accounts Payable and Accrued Expenses

3 Months Ended

Aug. 31, 2018

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Note 6 – Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses comprised of the following:

	August 31, 2018		May 31, 2018
Trade Payables	$	60,490	$	41,320
Accrued Freight		22,532		22,532
Credit Cards		17,077		15,521
Other		156		386
	$	100,255	$	79,759

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Stockholders' Equity

3 Months Ended

Aug. 31, 2018

Equity [Abstract]

Stockholders' Equity

Note 7 – Stockholders’ Equity

Shares Authorized

The authorized capital of the Company consists of 100,000,000 shares of common stock, par value $0.0001 per share and 20,000,000 shares of preferred stock, par value $0.0001 per share.

Preferred Stock

The preferred stock may be issued from time to time in one or more series. The Board of Directors of the Company is expressly authorized to provide for the issuance of all or any of the shares of the preferred stock in one or more series, and to fix the number of shares and to determine or alter, for each such series, such voting powers, full or limited, or no voting powers and such designations, preferences, and relative, participating, optional, or other rights and such qualifications, limitations, or restrictions thereof, as shall be stated and expressed until the resolution adopted by the Board of Directors providing the issuance of such shares. The Board of Directors is also expressly authorized to increase or decrease the number of shares of any series subsequent to the issue of shares of that series. In case the number of shares of any such series shall be so decreased, the decrease shall resume the status that they had prior to the adoption of the resolution originally fixing the number of shares of such series.

Common Stock

In June 2017, the Company issued an aggregate of 80,000 shares of the Company’s common stock to various consultants pursuant to consulting agreements related to marketing and business advisory services. The term of the consulting agreements ranges from 2 months to 6 months. The Company valued these common shares at the fair value of $20,000 based on the sale of common stock in the recent private placements at $0.25 per common share. In connection with the issuance of these common shares, the Company recorded stock based compensation of $20,000.

No stock was issued during the three months period ended August 31, 2018.

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Commitments and Contingencies

3 Months Ended

Aug. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 8 – Commitments and Contingencies

In September 2016, the Company executed a lease agreement in connection with its office and warehouse facility in California under operating leases for a period of 37 months commencing in October 2016 and expiring in October 2019. The Company shall pay a monthly base rent starting at $6,782 plus a pro rata share of operating expenses. The base rent is subject to an annual increase beginning in October 2017 as defined in the lease agreement. Rent expense amounted to $25,066 and $21,631 for the three month periods ended August 31, 2018 and 2017, respectively. Future minimum rental payments required under this operating lease are as follows:

	Total		1 Year		2-3 Year		Thereafter
Operating lease	$	100,945	$	86,311	$	14,635	$	—
Total	$	100,945	$	86,311	$	14,635	$	—

The Company entered into an agreement with a consultant, during the quarter ended August 31, 2018, for services for a term of one year commencing from September 1, 2018. The consultant shall be entitled to receive 10% of the gross revenues generated as a direct result of their activities, a monthly fee of $1,000 and 12,500 shares of common stock of the Company on a quarterly basis.

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Related Party Transactions

3 Months Ended

Aug. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

Note 9 – Related Party Transactions

The Company’s Chief Executive Officer, from time to time, provided advances to the Company for working capital purposes. At August 31, 2018 and May 31, 2018, the Company had a payable to the officer of $210 and $210, respectively. These advances were short-term in nature and non-interest bearing.   

During the three month period ended August 31, 2018, the Company paid $280 to an affiliated company for advisory services rendered. The affiliated company is managed by the Company’s Chief Executive Officer.

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Concentrations

3 Months Ended

Aug. 31, 2018

Risks and Uncertainties [Abstract]

Concentrations

Note 10 – Concentrations

Concentration of Revenue, Product Line, and Supplier

During the three month period ended August 31, 2018 sales to three customers represented approximately 59% of the Company’s net sales at 25%, 18% and 16%. During the three month period ended August 31, 2017, sales to two customers represented approximately 47% of the Company’s net sales at 20% and 27%.

During the three month period ended August 31, 2018 sales to customers outside the United States represented approximately 33% which consisted of 27% from Canada and 6% from Hong Kong and for the three month period ended August 31, 2017, sales to customers outside the United States represented approximately 41% from Canada.

During the three month period ended August 31, 2018, sales by product line which each represented over 10% of sales consisted of approximately 22% from sales of hair shampoo, 16% from sales of hair shampoo and conditioner, 20% from sale of hair treatment spray and repair products and 22% from sale of introductory kit (shampoo, conditioner and treatment spray). During the three months ended August 31, 2017, sales by product line which each represented greater than 10% of sales consisted of approximately 21% from sales of hair shampoo, 14% from sales of hair shampoo and conditioner, 13% from sale of hair treatment spray and 33% from sale of introductory kit (shampoo, conditioner, and treatment spray).

As of August 31, 2018, accounts receivable from four customers represented approximately 87% at 33%, 30%, 12% and 12% and at May 31, 2018, accounts receivable from three customers represented approximately 60% at 34%, 14% and 12% of the accounts receivable, respectively.

The Company purchased inventories and products from four vendors totaling approximately $86,500 (87% of the purchases) and three vendors totaling approximately $65,000 (87% of the purchases) during the three month periods ended August 31, 2018 and 2017, respectively.

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Subsequent events

3 Months Ended

Aug. 31, 2018

Subsequent Events [Abstract]

Subsequent events

Note 11 – Subsequent events

Subsequent to the three month period ended August 31, 2018, the Company entered into a stock subscription agreement to issue 250,000 shares of its Common Stock at $0.40 per share, in exchange for proceeds of $100,000.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Aug. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The unaudited financial statements for the three months ended August 31, 2018 and 2017 have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows as of August 31, 2018 and 2017, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with generally accepted accounting principles have been omitted. The unaudited financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended May 31, 2018. The results of operations for the three months ended August 31, 2018 are not necessarily indicative of the results to be expected for the full year.

Going Concern

Going Concern

As reflected in the accompanying financial statements, the Company has a net loss and net cash used in operations of $93,304 and $86,634, respectively, for three months period ended August 31, 2018.  Additionally the Company has an accumulated deficit of $4,581,471 at August 31, 2018. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of 12 months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent on the Company’s ability to implement its business plan, raise capital, and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to further implement its business plan and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Use of estimates

Use of estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates made by management include, but are not limited to, the allowance for doubtful accounts, inventory valuations, the useful life of property and equipment, the valuation of deferred tax assets, the value of stock-based compensation, and the fair value of non-cash common stock issuances. 

Cash and cash equivalents

Cash and cash equivalents

The Company considers all highly liquid debt instruments and other short-term investments with maturities of three months or less, when purchased, to be cash equivalents.  The Company maintains cash and cash equivalent balances at one financial institution that is insured by the Federal Deposit Insurance Corporation.

Accounts receivable and allowance for doubtful accounts

Accounts receivable and allowance for doubtful accounts

The Company has a policy of providing on allowance for doubtful accounts based on its best estimate of the amount of probable credit losses in its existing accounts receivable.  The Company periodically reviews its accounts receivable to determine whether an allowance is necessary based on an analysis of past due accounts and other factors that may indicate that the realization of an account may be in doubt.  Account balances deemed to be uncollectible are charged to bad debt expense and included in the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

Prepaid expenses and other current assets

Prepaid expenses and other current assets

Prepaid expenses and other current assets of $7,801 and $3,505 at August 31, 2018 and May 31, 2018, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses at August 31, 2018 primarily included prepaid rent and May 31, 2018 primarily included cash prepayments to vendors.

Advances to suppliers

Advances to suppliers

Advances to suppliers represent the cash paid in advance for installment payments for the purchase of inventory. The advances to a supplier are interest free and unsecured. As of August 31, 2018 and May 31, 2018, advances to the Company’s major supplier amounted to $26,483 and $3,413, respectively. Upon shipment, by the vendor, of the purchase inventory, the Company reclassifies such advances to supplier into inventory.

Inventory

Inventory

The Company values inventory, consisting of finished goods and raw materials, at the lower of cost and net realizable value. Cost is determined using an average cost method. The Company reduces inventory for the diminution of value, resulting from product obsolescence, damage or other issues affecting marketability, equal to the difference between the cost of the inventory and its net realizable value. The Company evaluates its current level of inventory considering historical sales and other factors and, based on this evaluation, classifies inventory markdowns in the statement of operations as a component of cost of goods sold. These markdowns are estimates, which could vary significantly from actual requirements if future economic conditions, customer demand or competition differ from expectations.

Property and Equipment

Property and Equipment

Property and equipment are carried at cost less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized.  When assets are retired or disposed of, the cost and accumulated depreciation are removed, and any resulting gains or losses are included in the statement of operations.

Revenue recognition

Revenue recognition

Effective June 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers, which is effective for public business entities with annual reporting periods beginning after December 15, 2017.  This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures.

The Company sells a variety of hair and skin care products. The Company recognizes revenue for the agreed upon sales price when a purchase order is received from the customer and subsequently the product is shipped to the customer, which satisfies the performance obligation. Consideration paid to the customer to promote and sell the Company’s products is typically recorded as a reduction of revenues. See Note 10 for revenue disaggregation disclosures.

Cost of Sales

Cost of Sales

The primary components of cost of sales include the cost of the product and shipping fees.

Shipping and Handling Costs

Shipping and Handling Costs

The Company accounts for shipping and handling fees in accordance with ASC 606. While amounts charged to customers for shipping products are included in revenues, the related costs of shipping products to customers are classified in marketing and selling expenses as incurred. Shipping costs included in marketing and selling expense were $9,203 and $12,607 for the three months period ended August 31, 2018 and 2017, respectively.

Marketing, selling and advertising

Marketing, selling and advertising

Marketing, selling and advertising costs are expensed as incurred.

Customer Deposits

Customer Deposits

Customer deposits consisted of prepayments from customers to the Company. The Company will recognize the prepayments as revenue upon delivery of products in compliance with its revenue recognition policy.

Fair value measurements and fair value of financial instruments

Fair value measurements and fair value of financial instruments

The Company adopted Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: 

Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The estimated fair value of certain financial instruments, including prepaid expenses, deposits, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

Income Taxes

Income Taxes

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Impairment of long-lived assets

Impairment of long-lived assets  

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value.

Stock-based compensation

Stock-based compensation

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

Effective June 1, 2018, the Company adopted the proposed update to ASC 718 whereby, the accounting for share-based payments to nonemployees and employees is substantially aligned. The ASU supersedes Subtopic 505-50, Equity - Equity-Based Payments to Non-Employees. Consistent with the accounting requirement for employee sharebased payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that the Company is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. The adoption of the standard did not have a material impact on the financial statements of the Company.

Net loss per share of common stock

Net loss per share of common stock

Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares during the period. Diluted net loss per share is computed using the weighted average number of common shares and potentially dilutive securities outstanding during the period. At August 31, 2018 and 2017, the Company had no potentially dilutive securities.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In February 2016, FASB issued ASU 2016-02, “Leases” (Topic 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases. The new guidance will be effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods and is applied retrospectively. Early adoption is permitted. The Company does not believe the guidance will have a material impact on its financial statements.

In January 2017, the FASB issued ASU No. 2017-4, “Intangibles – Goodwill and Other” (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates Step 2 from the goodwill impairment test. When an indication of impairment was identified after performing the first step of the goodwill impairment test, Step 2 required that an entity determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) using the same procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under the amendments in ASU No. 2017-4, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value. An entity would recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value. In addition, an entity must consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. A public business entity that is a SEC filer should adopt the amendments in ASU No. 2017-4 for its annual, or any interim, goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company does not believe the guidance will have a material impact on its financial statements.

In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”. The ASU was issued to address the complexity associated with applying generally accepted accounting principles (GAAP) for certain financial instruments with characteristics of liabilities and equity. The ASU, among other things, eliminates the need to consider the effects of down round features when analyzing convertible debt, warrants and other financing instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value. as a result of the existence of a down round feature. The amendments are effective for fiscal years beginning after December 15, 2018, and should be applied retrospectively. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption to have any significant impact on its Financial Statements. The Company is currently in the process of evaluating the impact of the adoption of this standard on its financial statements. 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

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Accounts Receivable (Tables)

3 Months Ended

Aug. 31, 2018

Receivables [Abstract]

Schedule of accounts receivable

Accounts receivable, consisted of the following:

	August 31, 2018			May 31, 2018
Accounts receivable	$	30,237		$	32,733
Less: Allowance for bad debts		(2,742	)		(2,742	)
	$	27,495		$	29,991

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Inventory (Tables)

3 Months Ended

Aug. 31, 2018

Inventory Disclosure [Abstract]

Schedule of inventory

Inventory consisted of the following:

	August 31, 2018		May 31, 2018
Finished goods	$	81,587	$	113,134
Raw materials		276,014		208,403
	$	357,601	$	321,537

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Property and Equipment (Tables)

3 Months Ended

Aug. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Property and equipment, stated at cost, consisted of the following: 

	Estimated life	August 31, 2018			May 31, 2018
Furniture and fixtures	5 years	$	5,759		$	5,759
Computer equipment	3 years		7,495			7,495
Less: Accumulated depreciation			(5,817	)		(4,905	)
		$	7,437		$	8,349

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Accounts Payable and Accrued Expenses (Tables)

3 Months Ended

Aug. 31, 2018

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses comprised of the following:

	August 31, 2018		May 31, 2018
Trade Payables	$	60,490	$	41,320
Accrued Freight		22,532		22,532
Credit Cards		17,077		15,521
Other		156		386
	$	100,255	$	79,759

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Commitments and Contingencies (Tables)

3 Months Ended

Aug. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments required under operating lease

Future minimum rental payments required under this operating lease are as follows:

	Total		1 Year		2-3 Year		Thereafter
Operating lease	$	100,945	$	86,311	$	14,635	$	—
Total	$	100,945	$	86,311	$	14,635	$	—

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Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	May 31, 2018
Accounting Policies [Abstract]
Net loss	$ 93,304	$ 126,729
Net cash used in operations	86,634	198,125
Accumulated deficit	4,581,471		$ 4,488,167
Prepaid expenses and other current assets	7,801		3,505
Advances to major supplier	26,483		$ 3,413
Shipping costs	$ 9,203	$ 12,607
Potentially dilutive securities outstanding, shares

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Accounts Receivable (Details) - USD ($)	Aug. 31, 2018	May 31, 2018
Receivables [Abstract]
Accounts receivable	$ 30,237	$ 32,733
Less: Allowance for bad debts	(2,742)	(2,742)
Accounts receivable, net	$ 27,495	$ 29,991

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Accounts Receivable (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
Accounts Receivable (Textual)
Bad debt expense		$ 1,540

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Inventory (Details) - USD ($)	Aug. 31, 2018	May 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 81,587	$ 113,134
Raw materials	276,014	208,403
Inventory, net	$ 357,601	$ 321,537

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Inventory (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	May 31, 2018
Inventory Disclosure [Abstract]
Inventory held at third party locations	$ 35,850		$ 64,485
Write Down of Inventory for Obsolescence which is included in Cost of Sales	$ 636

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Property and Equipment (Details) - USD ($)	3 Months Ended
	Aug. 31, 2018	May 31, 2018
Furniture and fixtures	$ 5,759	$ 5,759
Computer equipment	7,495	7,495
Less: Accumulated depreciation	(5,817)	(4,905)
Property and equipment net	$ 7,437	$ 8,349
Computer Equipment [Member]
Estimated life	3 years
Furniture and Fixtures [Member]
Estimated life	5 years

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Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
Property and Equipment (Textual)
Depreciation expense	$ 913	$ 596

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Accounts Payable and Accrued Expenses (Details) - USD ($)	Aug. 31, 2018	May 31, 2018
Payables and Accruals [Abstract]
Trade Payables	$ 60,490	$ 41,320
Accrued Freight	22,532	22,532
Credit Cards	17,077	15,521
Other	156	386
Accounts Payable and Accrued Expenses, net	$ 100,255	$ 79,759

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Stockholders' Equity (Details Narrative) - USD ($)			1 Months Ended		3 Months Ended
	Oct. 02, 2017	Sep. 26, 2017	Sep. 29, 2017	Jun. 30, 2017	Aug. 31, 2018	Aug. 31, 2017	May 31, 2018
Stockholders' Equity (Textual)
Shares of common stock					100,000,000		100,000,000
Shares of common stock, par value					$ 0.0001		$ 0.0001
Shares of preferred stock					20,000,000		20,000,000
Shares of preferred stock, par value					$ 0.0001		$ 0.0001
Shares issued for common stock			280		280
Share price		$ 0.25	$ 0.40
Proceeds of common stock		$ 25,000	$ 150,000		$ 283,400	$ 422,501
Stock issued an aggregate of common stock value					20,000	36,620
Stock based compensation						$ 27,396
Sale of common stock shares		100,000
Common Stock [Member]
Stockholders' Equity (Textual)
Shares issued for common stock	271,000
Share price	$ 0.40
Proceeds of common stock	$ 108,400
Common Stock [Member] | Consulting Agreements [Member]
Stockholders' Equity (Textual)
Shares issued for common stock				80,000
Share price				$ 0.25
Stock issued an aggregate of common stock value				$ 20,000
Minimum [Member] | Consulting Agreements [Member]
Stockholders' Equity (Textual)
Consulting agreements term				2 months
Stock based compensation				$ 20,000
Maximum [Member] | Consulting Agreements [Member]
Stockholders' Equity (Textual)
Consulting agreements term				6 months

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Commitments and Contingencies (Details)	May 31, 2018 USD ($)
Schedule of Future minimum rental payments for operating lease
1 Year	$ 86,311
2-3 Year	14,635
Thereafter
Total	$ 100,945

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Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
Commitments and Contingencies (Textual)
Lease agreement, description	In September 2016, the Company executed a lease agreement in connection with its office and warehouse facility in California under operating leases for a period of 37 months commencing in October 2016 and expiring in October 2019. The Company shall pay a monthly base rent starting at $6,782 plus a pro rata share of operating expenses. The base rent is subject to an annual increase beginning in October 2017 as defined in the lease agreement.
Lease agreement period	37 months
Lease expiration date	Oct. 31, 2019
Monthly base rent	$ 6,782
Lease rent expense	$ 25,066	$ 21,631
Agreement with third party, description	In November 2017, the Company had executed an Agreement with a third party located in Hong Kong, China, whereby the third party shall promote, market, distribute and resell the Company’s products to end-user consumers through direct online sales or third party e-commerce platforms in the following territories: Hong Kong, Macau, and the People’s Republic of China. The term of the agreement was for 36 months from the effective date. Parties shall have the right to terminate this agreement, with or without cause, upon 60 days prior written notice. For services provided in connection with this agreement, the Company shall pay the third party 16.5% of the gross revenues generated from sales channel initiated and subsequently maintained by the third party or $3,300 per month, whichever is greater.

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Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 29, 2017	Aug. 31, 2018	May 31, 2018
Related Party Transactions (Textual)
Amount payable to officers		$ 210	$ 210
Share sold to an affiliated company	280	280

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Concentrations (Details Narrative)	3 Months Ended
	Aug. 31, 2018 USD ($) Customer Vendor	Aug. 31, 2017 USD ($) Customer Vendor	May 31, 2018 USD ($)
Concentrations (Textual)
Amount of FDIC			$ 250,000
Held in cash	$ 167,000		$ 0
Sales Revenue, Net [Member]
Concentrations (Textual)
Number of customers	3	3
Concentration risk percentage	59.00%	47.00%
Vendors [Member]
Concentrations (Textual)
Number of vendors | Vendor	4	3
Purchased inventories and products	$ 86,500	$ 65,000
Percentage of purchases	87.00%	87.00%
Accounts Receivable [Member]
Concentrations (Textual)
Number of customers | Customer	4	3
Concentration risk percentage	87.00%	60.00%
UNITED STATES [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	33.00%
CANADA [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	27.00%	41.00%
Hong Kong [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	6.00%
Product [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	10.00%	10.00%
Hair Shampoo [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	22.00%	21.00%
Hair Shampoo And Conditioner [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	16.00%	14.00%
Hair Treatment And Repair Products [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	20.00%	13.00%
Introductory Kit [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	22.00%	33.00%
Customer Four [Member] | Accounts Receivable [Member]
Concentrations (Textual)
Concentration risk percentage	12.00%
Customer Two [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	18.00%	27.00%
Customer Two [Member] | Accounts Receivable [Member]
Concentrations (Textual)
Concentration risk percentage	30.00%	14.00%
Customer Three [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	16.00%
Customer Three [Member] | Accounts Receivable [Member]
Concentrations (Textual)
Concentration risk percentage	12.00%	12.00%
Customer One [Member] | Sales Revenue, Net [Member]
Concentrations (Textual)
Concentration risk percentage	25.00%	20.00%
Customer One [Member] | Accounts Receivable [Member]
Concentrations (Textual)
Concentration risk percentage	33.00%	34.00%

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Subsequent events (Details Narrative) - USD ($)	Sep. 04, 2018	Sep. 02, 2018	Aug. 31, 2018	May 31, 2018
Common Stock			40,505,047	40,505,047
Common Stock, par value			$ 0.0001	$ 0.0001
Subsequent Event [Member]
Common Stock		250,000
Common Stock, par value		$ 0.40
Proceeds exchanged for Common Stock	$ 100,000