Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Nov. 30, 2015 | Jan. 14, 2016 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Nov. 30, 2015 | |
Trading Symbol | prfc | |
Entity Registrant Name | Epcylon Technologies, Inc. | |
Entity Central Index Key | 1,464,766 | |
Current Fiscal Year End Date | --05-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 173,476,221 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well Known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Nov. 30, 2015 | May. 31, 2015 |
CURRENT ASSETS: | ||
Cash | $ 2,757,801 | $ 2,626,664 |
Local tax receivable | 56,128 | 44,649 |
Prepaid expense | 3,000 | 5,722 |
TOTAL CURRENT ASSETS | 2,816,929 | 2,677,035 |
Security deposit | 8,817 | 9,421 |
Property and equipment, net | 28,917 | 32,214 |
TOTAL ASSETS | 2,854,663 | 2,718,670 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued expenses | 78,175 | 91,442 |
Advances for convertible debentures to be issued | 225,010 | 0 |
Securities sold not yet purchased | 522,714 | 222,482 |
Notes payable - related party | 215,042 | 1,033,271 |
CURRENT LIABILITIES | 1,040,941 | 1,347,195 |
Deferred rent | 5,509 | 5,107 |
TOTAL LIABILITIES | 1,046,450 | 1,352,302 |
STOCKHOLDER'S EQUITY: | ||
Common stock, par value $0.0001 300,000,000 shares authorized 168,476,221 issued and outstanding as of November 30, 2015 and May 31, 2015 (respectively | 16,846 | 16,846 |
Additional paid-in capital | 9,042,132 | 8,388,459 |
Accumulated other comprehensive loss | (64,273) | (57,726) |
Accumulated deficit | (7,187,819) | (6,982,211) |
TOTAL STOCKHOLDERS' EQUITY | 1,808,213 | 1,366,368 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 2,854,663 | 2,718,670 |
Series A Preferred Stock [Member] | ||
STOCKHOLDER'S EQUITY: | ||
Series B Preferred shares, par value $0.0001 5,000,000 shares authorized 5,000,000 and 0 series B shares issued and outstanding as at November 30, 2015 and May 31, 2015 respectively | 827 | 1,000 |
Series B Preferred Stock [Member] | ||
STOCKHOLDER'S EQUITY: | ||
Series B Preferred shares, par value $0.0001 5,000,000 shares authorized 5,000,000 and 0 series B shares issued and outstanding as at November 30, 2015 and May 31, 2015 respectively | $ 500 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Nov. 30, 2015 | May. 31, 2015 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 168,476,221 | 168,476,221 |
Common stock, shares outstanding | 168,476,221 | 168,476,221 |
Series A Preferred Stock [Member] | ||
Preferred Stock, Par Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 8,270,000 | 10,000,000 |
Preferred Stock, Shares Outstanding | 8,270,000 | 10,000,000 |
Series B Preferred Stock [Member] | ||
Preferred Stock, Par Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 5,000,000 | |
Preferred Stock, Shares Outstanding | 5,000,000 |
Consolidated statements of comp
Consolidated statements of comprehensive income (loss) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Nov. 30, 2015 | Nov. 30, 2014 | Nov. 30, 2015 | Nov. 30, 2014 | |
REVENUE | $ 4,489 | $ 4,443 | $ 11,388 | $ 7,276 |
EXPENSES | ||||
General and administrative expenses | 153,329 | 170,247 | 338,162 | 303,660 |
OPERATING LOSS | (148,840) | (165,804) | (326,774) | (296,384) |
OTHER INCOME (EXPENSE) | ||||
Interest (expense) income, net | 0 | (11,612) | (12,083) | (17,652) |
Realized gain on marketable securities | 76,473 | 232,782 | 177,781 | 180,413 |
Unrealized gain (loss) on marketable securities | 367,071 | (311,163) | (63,642) | (291,445) |
Gain (loss) of foreign exchange | 0 | (7,644) | 19,107 | (7,644) |
OTHER INCOME (EXPENSE) | 443,544 | (97,637) | 121,163 | (136,328) |
NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX | 294,704 | (263,441) | (205,611) | (432,712) |
Provision for income tax | 0 | 0 | 0 | 0 |
NET INCOME (LOSS ) | 294,704 | (263,441) | (205,611) | (432,712) |
Foreign currency translation adjustment | (5,242) | (18,571) | (6,547) | (31,448) |
NET COMPREHENSIVE INCOME (LOSS) | $ 289,462 | $ (282,012) | $ (212,158) | $ (464,160) |
Net income (loss) per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Basic and fully diluted weighted average common shares outstanding | 168,476,221 | 168,476,221 | 168,476,221 | 168,476,221 |
Consolidated Cash flow statemen
Consolidated Cash flow statement - USD ($) | 6 Months Ended | |
Nov. 30, 2015 | Nov. 30, 2014 | |
OPERATING ACTIVITIES: | ||
Net loss | $ (205,611) | $ (432,712) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 5,902 | 1,517 |
Realized trading gains | (177,781) | (180,413) |
Unrealized loss on marketable securities | 63,642 | 291,445 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 3,326 | (420) |
Local tax receivable | (11,479) | (13,873) |
Accounts payable and accrued liabilities | 10,903 | 14,055 |
NET CASH USED IN OPERATING ACTIVITIES | (311,098) | (320,401) |
INVESTING ACTIVITIES: | ||
Acquisition of property & equipment | (2,604) | (36,445) |
Net purchases of securities | 627,701 | 259,505 |
NET CASH PROVIDED BY INVESTING ACTIVITIES | 625,097 | 223,060 |
FINANCING ACTIVITIES: | ||
Redemption of Class A preferred stock | (346,000) | 0 |
Proceeds from related party loans | 169,685 | 953,875 |
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (176,315) | 953,875 |
Effect of exchange rates on cash | (6,547) | (31,448) |
INCREASE IN CASH | 131,137 | 825,086 |
CASH - BEGINNING OF PERIOD | 2,626,664 | 2,475,413 |
CASH - END OF PERIOD | $ 2,757,801 | $ 3,300,499 |
ORGANIZATION AND BASIS OF PRESE
ORGANIZATION AND BASIS OF PRESENTATION | 6 Months Ended |
Nov. 30, 2015 | |
ORGANIZATION AND BASIS OF PRESENTATION [Text Block] | NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION The consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. As a result, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. The Company believes that the disclosures made are adequate to make the information presented not misleading. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on September 14, 2015. The results of operations for the three and six months ended November 30, 2015 are not indicative of results for the full fiscal year or any other period. Organization and Business Description Epcylon Technologies Inc., formerly known as Mobile Integrated Systems Inc. (the “Company” or “Epcylon”), together with its wholly owned subsidiaries Mobilotto Systems Inc., (“MIBI”), Delite Americas Inc., and Omega Smartbuild Americas Inc., are engaged through its Stealth branded products, in the business of researching, developing and commercializing proprietary algorithmic securities trading systems. The Company uses its Stealth trading system to trade securities with some of its existing excess capital to test the system. Furthermore, the Company, through its MOBI branded products, develops software for use by charitable organization and government regulated lotteries. On July 29, 2013, the Company changed its name from Mobile Integrated Systems Inc., to Epcylon Technologies Inc. The Company trades on the OTCPINK under the symbol PRFC. Since inception the Company has been engaged in organizational activities, has been developing its business model and software platforms. The Company has not earned any material revenue from operations, other than a onetime payment for a mobile application in a prior year. Basis of Consolidation These consolidated financial statements include the accounts of Epcylon Technologies Inc., which was incorporated on April 22, 2009 in the state of Nevada and its wholly-owned subsidiaries, Mobilotto Systems, Inc., which was incorporated in Ontario, Canada on September 16, 2008, Delite Americas Inc (inactive). which was incorporated in Ontario, Canada on July 8, 2013 and Omega Smartbuild Americas Inc. (inactive), which was incorporated in Ontario, Canada on July 8, 2013. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Nov. 30, 2015 | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES The accounting policies applied in the preparation of the interim consolidated financial statements are consistent with those followed in the preparation of the Company’s May 31, 2015 annual financial statements. Preferred Stock We apply the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders’ equity Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 6 Months Ended |
Nov. 30, 2015 | |
PROPERTY AND EQUIPMENT [Text Block] | NOTE 3 – PROPERTY AND EQUIPMENT Property and equipment consist of the following: Accumulated November 30, May 31, Cost Depreciation 2015 Net 2015 Leasehold improvements $ 16,010 $ 3204 $ 12,806 $ 14,410 Computer equipment 25,580 9,469 16,111 17,806 Total $ 41,590 $ 12,673 $ 28,917 $ 32,214 |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 6 Months Ended |
Nov. 30, 2015 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES [Text Block] | NOTE 4 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES November, May 31, 2015 2015 Legal $ 38,820 $ 45,891 Audit 11,000 11,000 Consulting 23,233 15,360 General and administrative 5,122 19,192 Total $ 78,175 $ 91,443 |
SECURITIES SOLD NOT YET PURCHAS
SECURITIES SOLD NOT YET PURCHASED | 6 Months Ended |
Nov. 30, 2015 | |
SECURITIES SOLD NOT YET PURCHASED [Text Block] | NOTE 5 – SECURITIES SOLD NOT YET PURCHASED Marketable securities owned and on margin consisting of equity securities owned by the Company. As at November 30, 2015 securities at market value were as follows: Fair value Options sold short $ 522,714 The securities are reported at fair value using level 1 input based on the quoted market price of the securities at each reporting period. |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Nov. 30, 2015 | |
NOTES PAYABLE [Text Block] | NOTE 6 – NOTES PAYABLE Nov. 30, 2015 May 31, 2015 Note payable due to the former Chief Executive Officer, 0% interest, unsecured. $ 50,000 $ - Note payable due to a director of the Company, 4% interest, unsecured. 29,733 Note payable due to a director of the Company, 0% interest, unsecured. 50,000 - Note payable due to a shareholder, interest payable at 4% per annum, due January 2, 2017, unsecured. 39,952 - Note payable due the former Chief Executive Officer with interest payable at 5% per annum, due June 21, 2015, unsecured. On Maturity, the loan, and accrued interest, automatically converted to Series B Preferred shares at a price of $0.20 per share. - 50,000 Note payable due to the former Chief Executive Officer with interest payable at 5% per annum, due August 24, 2015, unsecured. On Maturity, the loan, and accrued interest, automatically converted to Series B Preferred shares at a price of $0.20 per share. - 950,000 Accrued interest on notes payable 45,357 33,271 $ 215,042 $ 1,033,271 |
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY | 6 Months Ended |
Nov. 30, 2015 | |
STOCKHOLDERS EQUITY [Text Block] | NOTE 7 – STOCKHOLDERS’ EQUITY Series A Preferred Stock During the period June 1, 2015 through November 30, 2015, 1,730,000 of Series A Preferred Stock was redeemed at $0.20 per share for proceeds of 346,000. Series B Preferred Stock On September 17, 2014 the Company filed a Certificate of Designation of Series B Convertible Preferred Stock. Each share of Series B Convertible Preferred Stock carries a par value of $0.001 and is convertible into common stock on a 1 preferred share for 1 common share basis. Preferred shares are entitled to a dividend at the discretion of the Board of Directors. The Corporation may, by providing a five day notice, redeem such Series B Preferred Stock at a redemption price of $0.20. Each holder of Series B Preferred Stock shall at their option convert the shares of Series B Preferred Stock into shares of common stock on a one preferred share for one common share basis. On June 21, 2015, a $50,000 note payable matured, and as per the provisions of the loan, the principal and interest automatically converted to 250,000 Series B Preferred Stock at a price of $0.20 per share. On August 21, 2015 a $950,000 note payable matured, and as per the provisions of the loan, the principal and partial interest automatically converted to 4,750,000 Series B Preferred Stock at a price of $0.20 per share. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Nov. 30, 2015 | |
RELATED PARTY TRANSACTIONS [Text Block] | NOTE 8 - RELATED PARTY TRANSACTIONS On May 21, 2014, the Company, authorized and approved the execution of a loan agreement dated May 21, 2014 between the Company and its Chief Executive Officer, Peter George ("George") in the principal amount of $50,000 (the "$50,000 Loan Agreement"). Effective July 24, 2014, the Company authorized and approved the execution of a second loan agreement dated July 24, 2014 with George in the principal amount of $950,000 (the "$950,000 Loan Agreement"), and collectively, the "Loan Agreements"). Borrowings under the Loan Agreements are unsecured and accrue interest at an annual rate of 5% on the unpaid balances. The Company will pay all principal and accrued interest thirteen months from the date of execution of either the $50,000 Loan Agreement or the $950,000 Loan Agreement. Any prior payments shall be applied first to interest and then to principal. The Company may at any time during the term of the Loan Agreements redeem the respective loan by providing a five day notice to George that the Company intends to redeem. Payment of principal and interest will be calculated from the date of execution to date of redemption notice. In addition, the Loan Agreements provide that George may convert all or part of the loan, including principal and accrued interest, into shares of Series B preferred stock at a per share price of $0.20. In the event that neither the Company has redeemed the Loan Agreements nor George has converted the Loan Agreements, there shall be an automatic conversion of the Loan Agreements into shares of the Series B preferred stock. The conversion price per share shall be the lowest trading price of the Company's shares on the OTCQB by using the lowest share price of the preceding five (5) business days prior to the termination date of the Loan Agreement with a minimum price of $0.20. See notes 6 and 7 regarding additional related party loans and the conversion of the notes to Series B Preferred Stock. |
COMMITMENTS
COMMITMENTS | 6 Months Ended |
Nov. 30, 2015 | |
COMMITMENTS [Text Block] | NOTE 9 – COMMITMENTS The Company is obligated under a lease agreement through May, 2018 which provides for annual rentals, on a straight-line basis, of approximately $34,000. In addition, the Company will pay, as additional rent, its proportionate share of real estate taxes and certain operating expenses. Rental expense, including real estate taxes and operating expenses, charged to operations for the quarter ended November 30, 2015 aggregated approximately $40,000 in 2015 and $nil in 2014. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Nov. 30, 2015 | |
SUBSEQUENT EVENTS [Text Block] | NOTE 10 – SUBSEQUENT EVENTS On December 11, 2015, the Company closed $225,000 of a private placement offering of secured convertible debentures. On December 23, 2015, 5,000,000 series B preferred shares were converted in to common shares of the Company. The Company has evaluated subsequent events through the date the financial statements have been issued and has determined that there have been no other reportable subsequent events. |
Summary of Significant Accounti
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Nov. 30, 2015 | |
Preferred Stock [Policy Text Block] | Preferred Stock We apply the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders’ equity |
Recent Accounting Pronouncements [Policy Text Block] | Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented. |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended |
Nov. 30, 2015 | |
Schedule of Property and Equipment [Table Text Block] | Accumulated November 30, May 31, Cost Depreciation 2015 Net 2015 Leasehold improvements $ 16,010 $ 3204 $ 12,806 $ 14,410 Computer equipment 25,580 9,469 16,111 17,806 Total $ 41,590 $ 12,673 $ 28,917 $ 32,214 |
ACCOUNTS PAYABLE AND ACCRUED 18
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 6 Months Ended |
Nov. 30, 2015 | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | November, May 31, 2015 2015 Legal $ 38,820 $ 45,891 Audit 11,000 11,000 Consulting 23,233 15,360 General and administrative 5,122 19,192 Total $ 78,175 $ 91,443 |
SECURITIES SOLD NOT YET PURCH19
SECURITIES SOLD NOT YET PURCHASED (Tables) | 6 Months Ended |
Nov. 30, 2015 | |
Schedule of Securities Sold Not Yet Purchased [Table Text Block] | Fair value Options sold short $ 522,714 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 6 Months Ended |
Nov. 30, 2015 | |
Schedule of Short-term Debt [Table Text Block] | Nov. 30, 2015 May 31, 2015 Note payable due to the former Chief Executive Officer, 0% interest, unsecured. $ 50,000 $ - Note payable due to a director of the Company, 4% interest, unsecured. 29,733 Note payable due to a director of the Company, 0% interest, unsecured. 50,000 - Note payable due to a shareholder, interest payable at 4% per annum, due January 2, 2017, unsecured. 39,952 - Note payable due the former Chief Executive Officer with interest payable at 5% per annum, due June 21, 2015, unsecured. On Maturity, the loan, and accrued interest, automatically converted to Series B Preferred shares at a price of $0.20 per share. - 50,000 Note payable due to the former Chief Executive Officer with interest payable at 5% per annum, due August 24, 2015, unsecured. On Maturity, the loan, and accrued interest, automatically converted to Series B Preferred shares at a price of $0.20 per share. - 950,000 Accrued interest on notes payable 45,357 33,271 $ 215,042 $ 1,033,271 |
STOCKHOLDERS EQUITY (Narrative)
STOCKHOLDERS EQUITY (Narrative) (Details) | 6 Months Ended |
Nov. 30, 2015USD ($)$ / shares | |
Stockholders Equity 1 | 1,730,000 |
Stockholders Equity 2 | $ / shares | $ 0.20 |
Stockholders Equity 3 | 346,000 |
Stockholders Equity 4 | $ 0.001 |
Stockholders Equity 5 | 1 |
Stockholders Equity 6 | 1 |
Stockholders Equity 7 | $ 0.20 |
Stockholders Equity 8 | $ 50,000 |
Stockholders Equity 9 | 250,000 |
Stockholders Equity 10 | $ / shares | $ 0.20 |
Stockholders Equity 11 | $ 950,000 |
Stockholders Equity 12 | 4,750,000 |
Stockholders Equity 13 | $ / shares | $ 0.20 |
RELATED PARTY TRANSACTIONS (Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Related Party Transactions 1 | $ 50,000 |
Related Party Transactions 2 | 50,000 |
Related Party Transactions 3 | 950,000 |
Related Party Transactions 4 | $ 950,000 |
Related Party Transactions 5 | 5.00% |
Related Party Transactions 6 | $ 50,000 |
Related Party Transactions 7 | 950,000 |
Related Party Transactions 8 | 0.20 |
Related Party Transactions 9 | $ 0.20 |
COMMITMENTS (Narrative) (Detail
COMMITMENTS (Narrative) (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Commitments 1 | $ 34,000 |
Commitments 2 | 40,000 |
Commitments 3 | $ 0 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Subsequent Events 1 | $ 225,000 |
Subsequent Events 2 | 5,000,000 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Property And Equipment Schedule Of Property And Equipment 1 | $ 16,010 |
Property And Equipment Schedule Of Property And Equipment 2 | 3,204 |
Property And Equipment Schedule Of Property And Equipment 3 | 12,806 |
Property And Equipment Schedule Of Property And Equipment 4 | 14,410 |
Property And Equipment Schedule Of Property And Equipment 5 | 25,580 |
Property And Equipment Schedule Of Property And Equipment 6 | 9,469 |
Property And Equipment Schedule Of Property And Equipment 7 | 16,111 |
Property And Equipment Schedule Of Property And Equipment 8 | 17,806 |
Property And Equipment Schedule Of Property And Equipment 9 | 41,590 |
Property And Equipment Schedule Of Property And Equipment 10 | 12,673 |
Property And Equipment Schedule Of Property And Equipment 11 | 28,917 |
Property And Equipment Schedule Of Property And Equipment 12 | $ 32,214 |
Schedule of Accounts Payable an
Schedule of Accounts Payable and Accrued Liabilities (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 1 | $ 38,820 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 2 | 45,891 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 3 | 11,000 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 4 | 11,000 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 5 | 23,233 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 6 | 15,360 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 7 | 5,122 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 8 | 19,192 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 9 | 78,175 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 10 | $ 91,443 |
Schedule of Securities Sold Not
Schedule of Securities Sold Not Yet Purchased (Details) | 6 Months Ended |
Nov. 30, 2015USD ($) | |
Securities Sold Not Yet Purchased Schedule Of Securities Sold Not Yet Purchased 1 | $ 522,714 |
Schedule of Short-term Debt (De
Schedule of Short-term Debt (Details) | 6 Months Ended |
Nov. 30, 2015USD ($)$ / shares | |
Notes Payable Related Party Schedule Of Short-term Debt 1 | 0.00% |
Notes Payable Related Party Schedule Of Short-term Debt 2 | $ 50,000 |
Notes Payable Related Party Schedule Of Short-term Debt 3 | $ 0 |
Notes Payable Related Party Schedule Of Short-term Debt 4 | 4.00% |
Notes Payable Related Party Schedule Of Short-term Debt 5 | $ 29,733 |
Notes Payable Related Party Schedule Of Short-term Debt 6 | 0.00% |
Notes Payable Related Party Schedule Of Short-term Debt 7 | $ 50,000 |
Notes Payable Related Party Schedule Of Short-term Debt 8 | $ 0 |
Notes Payable Related Party Schedule Of Short-term Debt 9 | 4.00% |
Notes Payable Related Party Schedule Of Short-term Debt 10 | $ 39,952 |
Notes Payable Related Party Schedule Of Short-term Debt 11 | $ 0 |
Notes Payable Related Party Schedule Of Short-term Debt 12 | 5.00% |
Notes Payable Related Party Schedule Of Short-term Debt 13 | $ / shares | $ 0.20 |
Notes Payable Related Party Schedule Of Short-term Debt 14 | $ 0 |
Notes Payable Related Party Schedule Of Short-term Debt 15 | $ 50,000 |
Notes Payable Related Party Schedule Of Short-term Debt 16 | 5.00% |
Notes Payable Related Party Schedule Of Short-term Debt 17 | $ / shares | $ 0.20 |
Notes Payable Related Party Schedule Of Short-term Debt 18 | $ 0 |
Notes Payable Related Party Schedule Of Short-term Debt 19 | 950,000 |
Notes Payable Related Party Schedule Of Short-term Debt 20 | 45,357 |
Notes Payable Related Party Schedule Of Short-term Debt 21 | 33,271 |
Notes Payable Related Party Schedule Of Short-term Debt 22 | 215,042 |
Notes Payable Related Party Schedule Of Short-term Debt 23 | $ 1,033,271 |