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Consolidated Condensed Statements of Operations - USD ($)
12 Months Ended
May 31, 2017
May 31, 2016
Revenues    
Investment advisory services $ 81,918 $ 109,194
Insurance premiums and commissions 1,886,040 1,123,898
Net investment income (losses) 493,829 (215,382)
Net realized investment gains (losses) 138,220 (79,060)
Other income 160,493 316,267
Interest and dividend income 108,816 80,912
Total Revenues 2,869,316 1,335,829
Operating Expenses:    
Provision for policy losses 579,359 179,335
Insurance policy acquisition costs 590,260 284,127
General and administrative 1,187,379 1,442,606
Depreciation 4,598 1,251
Total Operating Expenses 2,361,596 1,907,319
Income (Loss) from Operations 507,720 (571,490)
Gain on debt extinguishment 0 1,919,532
Settlement Expense (350,000) 0
Accrued dividends of Series A Mandatorily Redeemable Preferred Stock (67,847) (65,374)
Accrued dividends and accretion of Series B Mandatorily Redeemable Preferred Stock (522,099) (483,596)
Interest expense (574,971) (915,098)
Net Loss (1,007,197) (116,025)
Accretion of Mandatorily Redeemable Convertible Preferred Stock, including accrued dividends (87,688) (84,492)
Accrued dividends on Series C Preferred Stock equity (1,256,829) (1,164,143)
Net loss attributable to common stockholders (2,351,714) (1,364,661)
Net loss Attributable to Noncontrolling Interest (262,771) 92,131
Net Loss Attributable to JFGI Stockholders $ (2,351,714) $ (1,364,661)
Basic and Dilutive Net Income (Loss) Per Share:    
Net Income (Loss) Per Share $ (0.01) $ 0
Weighted-Average Shares Outstanding 385,197,135 381,912,411