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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2019
May 31, 2018
Current assets:    
Cash and cash equivalents $ 1,766,161 $ 2,297,890
Restricted cash 198,887 21,559
Prepaid income tax 2,285 2,285
Prepaid expenses and other current assets 23,754 5,287
Total current assets 1,991,087 2,327,021
Property and equipment, net 937 1,303
Deferred income taxes 52,156 52,156
Investment in affiliated company 135,962 199,373
Total assets 2,180,142 2,579,853
Current liabilities:    
Accounts payable 7,902 44,744
Accrued expenses and other 224,744 40,095
Income taxes payable 1,600 0
Total current liabilities 234,246 84,839
Total liabilities 234,246 84,839
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized: none outstanding 0 0
Common stock, $0.00001 par value: 600,000,000 shares authorized: 438,242,618 shares issued and 401,392,948 shares outstanding at February 28, 2019 and May 31, 2018 4,382 4,382
Additional paid-in capital 77,444,062 77,444,062
Accumulated deficit (60,876,680) (60,327,562)
Common stock held in treasury, at cost - 36,849,670 shares at February 28, 2019 and May 31, 2018 (14,625,868) (14,625,868)
Total stockholders' equity 1,945,896 2,495,014
Total liabilities and stockholders' equity $ 2,180,142 $ 2,579,853