XML 18 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Aug. 31, 2019
May 31, 2019
Current assets:    
Cash and cash equivalents $ 738,660 $ 787,086
Restricted cash and cash equivalents 177,247 198,843
Investments in marketable securities 500,000 750,000
Prepaid expenses and other current assets 85,880 28,003
Total current assets 1,501,787 1,763,932
Property and equipment, net 692 814
Deferred income taxes 52,156 52,156
Investment in affiliated company 63,549 107,861
Total assets 1,618,184 1,924,763
Current liabilities:    
Accounts payable 19,779 8,868
Accrued expenses and other 243,512 219,344
Income taxes payable 1,600 0
Total current liabilities 264,891 228,212
Total liabilities 264,891 228,212
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 August 31, 2019 and May 31, 2019 4,382 4,382
Additional paid-in capital 77,444,062 77,444,062
Accumulated deficit (61,469,283) (61,126,025)
Common stock held in treasury, at cost - 36,849,670 shares at August 31, 2019 and May 31, 2019 (14,625,868) (14,625,868)
Total stockholders' equity 1,353,293 1,696,551
Total liabilities and stockholders' equity $ 1,618,184 $ 1,924,763