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Related Party Transactions
6 Months Ended
Nov. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 – Related Party Transactions

 

The Company’s Chief Executive Officer, from time to time, provided advances to the Company for working capital purposes. At November 30, 2022 and May 31, 2022, the Company had a payable to the officer of $136,844 and $25,452, respectively. These advances are due on demand and non-interest bearing.

 

During the six months period ended November 30, 2022, the Company made purchases of $20,737 from certain related parties. During the three months period ended November 30, 2022, the Company made purchases of $12,434 from certain related parties.

 

During the six months period ended November 30, 2022, the Company paid $118,114 as consulting fee to a major shareholder of Axil, which is the largest shareholder of the Company . The Company also paid $42,630 to the sons of the major shareholder as compensation for services, during the six months period ended November 30, 2022. During the three months period ended November 30, 2022, the Company paid $80,779 as consulting fee to a major shareholder of Axil. The Company also paid $36,389 to the sons of the major shareholder as compensation for services, during the three months period ended November 30, 2022.

 

During the six months period ended November 30, 2022, the Company paid $72,484 as consulting fee to the son-in-law of a major shareholder of Axil. The Company paid $55,181 to the son of the major shareholder in commissions and contractor fee, during the six months period ended November 30, 2022. The Company also paid $8,428 to the daughter of the major shareholder as compensation for services, during the six months period ended November 30, 2022. During the three months period ended November 30, 2022, the Company paid $39,150 as consulting fee to the son-in-law of a major shareholder of Axil. The Company paid $32,221 to the son of the major shareholder in commissions and contractor fee, during the three months period ended November 30, 2022. The Company also paid $4,500 to the daughter of the major shareholder as compensation for services, during the three months period ended November 30, 2022.