Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
May. 31, 2015 | Sep. 10, 2015 | Nov. 30, 2014 | |
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | May 31, 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 | 168,476,221 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Public Float | $ 11,429,795 | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | FY |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | May. 31, 2015 | May. 31, 2014 |
CURRENT ASSETS: | ||
Cash | $ 2,626,664 | $ 2,475,413 |
Local tax receivable | 44,649 | 3,241 |
Security deposit | 9,421 | 0 |
Prepaid expense | 5,722 | 2,580 |
TOTAL CURRENT ASSETS | 2,686,456 | 2,481,234 |
Property and equipment, net | 32,214 | 0 |
TOTAL ASSETS | 2,718,670 | 2,481,234 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued expenses | 91,442 | 59,504 |
Deferred rent | 5,107 | 0 |
Securities sold not yet purchased | 222,482 | 398,985 |
Notes payable - related party | 1,033,271 | 46,125 |
CURRENT LIABILITIES AND TOTAL LIABILITIES | 1,352,302 | 504,614 |
STOCKHOLDER'S EQUITY: | ||
Series A Preferred shares, par value $0.0001 15,000,000 shares authorized 10,000,000 shares issued and outstanding | 1,000 | 1,000 |
Common stock, par value $0.0001 300,000,000 shares authorized 168,476,221 issued and outstanding as of May 31, 2015, 2014 (respectively | 16,846 | 16,846 |
Additional paid-in capital | 8,388,459 | 8,382,459 |
Other comprehensive loss | (57,726) | (4,624) |
Accumulated deficit | (6,982,211) | (6,419,061) |
TOTAL STOCKHOLDERS' EQUITY | 1,366,368 | 1,976,620 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 2,718,670 | $ 2,481,234 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | May. 31, 2015 | May. 31, 2014 |
Preferred Stock, Par Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 15,000,000 | 15,000,000 |
Preferred Stock, Shares Issued | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Outstanding | 10,000,000 | 10,000,000 |
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 |
Consolidated Income statements
Consolidated Income statements - USD ($) | 12 Months Ended | |
May. 31, 2015 | May. 31, 2014 | |
REVENUE | $ 17,999 | $ 13,269 |
EXPENSES | ||
General and administrative expenses | 744,688 | 577,057 |
OPERATING LOSS | (726,689) | (563,788) |
OTHER INCOME (EXPENSE) | ||
Interest income, net | 1,340 | 96 |
Realized gain on marketable securities | 173,364 | 62,372 |
Unrealized loss on marketable securities | (13,231) | (54,828) |
Gain on forgiveness of debt | 0 | 315,955 |
Gain of foreign exchange | 2,066 | 0 |
NET LOSS | (563,150) | (240,193) |
Deemed dividend on Preferred stock | 0 | 266,666 |
NET LOSS ATTRIBUTABLE TO EPCYLON | $ (563,150) | $ (506,859) |
Net loss per common share | $ 0 | $ 0 |
Basic and fully diluted weighted average common shares outstanding | 168,476,221 | 165,094,395 |
COMPREHENSIVE LOSS | ||
Net Loss | $ (563,150) | $ (240,193) |
Foreign currency translation adjustment | (53,102) | (5,082) |
NET COMPREHENSIVE LOSS | $ (616,252) | $ (245,275) |
Consolidated Cash Flow Statemen
Consolidated Cash Flow Statement - USD ($) | 12 Months Ended | |
May. 31, 2015 | May. 31, 2014 | |
OPERATING ACTIVITIES: | ||
Net loss | $ (563,150) | $ (240,193) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 6,770 | 1,743 |
Gain on forgiveness of debt | 0 | (315,955) |
Imputed rent | 6,000 | 7,000 |
Realized trading gains | (173,364) | (62,372) |
Unrealized loss on marketable securities | 13,231 | 54,828 |
Imputed Interest | 0 | 6,719 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (3,142) | 53,234 |
Local tax receivable | (41,408) | 62,985 |
Accounts payable and accrued liabilities | 31,939 | (17,914) |
Accrued interest on related party loans | 37,146 | 0 |
NET CASH USED IN OPERATING ACTIVITIES | (685,978) | (449,925) |
INVESTING ACTIVITIES: | ||
Acquisition of property & equipment | (38,984) | 0 |
Purchases of securities | (71,392,256) | (2,840,984) |
Proceeds from sale of securities | 71,371,571 | 3,247,513 |
NET CASH USED IN INVESTING ACTIVITIES | (59,669) | 406,529 |
FINANCING ACTIVITIES: | ||
Proceeds from exercise of warrants | 0 | 80,000 |
Proceeds from issuance of preferred stock | 0 | 2,000,000 |
Proceeds from related party loans | 950,000 | 262,936 |
NET CASH PROVIDED BY INVESTING ACTIVITIES | 950,000 | 2,342,936 |
Effect of exchange rates on cash | (53,102) | (5,082) |
INCREASE IN CASH | 151,251 | 2,294,458 |
CASH - BEGINNING OF YEAR | 2,475,413 | 180,955 |
CASH - END OF YEAR | 2,626,664 | 2,475,413 |
Suplemental cash for disclosure | ||
Cash paid for interest | $ 8,639 | $ 0 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' equity - 12 months ended May. 30, 2015 - USD ($) | Common Stock [Member] | Series A Preferred Stock | Additional Paid-in Capital [Member] | Accumulated Deficit | Other comprehensive loss | Total |
Beginning Balance at May. 31, 2014 | $ 16,846 | $ 1,000 | $ 8,382,459 | $ (6,419,061) | $ (4,624) | $ 1,976,619 |
Beginning Balance (Shares) at May. 31, 2014 | 168,476,221 | 10,000,000 | ||||
Imputed rent | 6,000 | 6,000 | ||||
Other comprehensive gain / (loss) resulting from foreign exchange conver | (53,102) | (53,102) | ||||
Net loss | (563,150) | (563,150) | ||||
BALANCE at May. 30, 2015 | $ 16,846 | $ 1,000 | $ 8,388,459 | $ (6,982,211) | $ (57,726) | $ 1,366,368 |
BALANCE (Shares) at May. 30, 2015 | 168,476,221 | 10,000,000 |
ORGANIZATION AND BASIS OF PRESE
ORGANIZATION AND BASIS OF PRESENTATION | 12 Months Ended |
May. 31, 2015 | |
ORGANIZATION AND BASIS OF PRESENTATION [Text Block] | NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION Organization and Business Description Epcylon Technologies Inc., formerly known as Mobile Integrated Systems Inc. and formerly as Loto Inc. (the “Company” or “Epcylon”), together with its wholly owned subsidiaries Mobilotto Systems Inc., (“MIBI”), Delite Americas Inc., and Omega Smartbuild Americas Inc., are development stage companies. The Company is engaged, through its Stealth branded products, in the business of researching, developing and maintaining proprietary algorithmic securities trading systems. The Company uses its Stealth trading system to trade securities with some of its existing excess capital. Furthermore, the Company, through its MOBI branded products, develops software and interactive games for use by charitable organization and government regulated lotteries. The Company trades on the OTCQB under the symbol PRFC. Since inception the Company has been engaged in organizational activities, has been developing its business model and software, and marketing its product to lottery operators, but has not earned any material revenue from operations, other than a onetime payment for a new mobile application in the prior year. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Enterprise”, as set forth in authoritative guidance issued by the Financial Accounting Standards Board. Among the disclosures required are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity and cash flows disclose activity since the date of the Company’s inception. 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. which was incorporated in Ontario, Canada on July 8, 2013 and Omega Smartbuild Americas Inc., which was incorporated in Ontario, Canada on July 8, 2013. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. All intercompany balances and transactions have been eliminated. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
May. 31, 2015 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block] | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The Company considers all highly liquid instruments with an original maturity or remaining maturity at the date of purchase of three months or less to be cash equivalents. Trading Securities Trading securities are recorded at fair value on a recurring basis and consist primarily of investments in corporate stocks. Realized trading gains and losses and unrealized gains and losses (fair value adjustments) are reported in statement of operations. Property and Equipment Property and Equipment are stated at cost less accumulated amortization. Amortization is calculated on a straight-line basis over the expected useful life as follows: Computer equipment and software 3 years Office furniture and equipment 5 years Leasehold improvements Term of the lease Repairs and maintenance expenditures are charged to operating expense as incurred. Replacements and major renewals are capitalized. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of the asset may not be recoverable. For assets that are to be held and used, impairment is recognized when the estimated undiscounted cash flows associated with the asset, or group of assets, is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and the fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. Assets to be disposed of are carried at the lower of carrying value or estimated net realizable value. Use of Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Revenue is recognized when it is realized or realizable and earned. Revenue is realized or realizable when there is persuasive evidence of an arrangement, prices are fixed or determinable, services or products are provided to the customer, and collectability is probable and reasonably assured depending upon the applicable revenue recognition guidance followed. The following are specific revenue recognition policies. MIBI expects to have contracts between the mobile network operators and/or the lottery operators, depending upon the jurisdiction of business. Revenue from lottery services is determined as a percentage of the amount of retail sales of lottery tickets pursuant to the terms of the contract. This revenue will be recognized when the lottery purchase transaction is completed and confirmed to the mobile device. Revenue from the sale of a lottery system, which includes the customization of software, is recognized on the percentage of completion method of accounting, based on the ratio of costs incurred to estimated costs to complete. Revenue from the stealth software is recognized when subscription funds are received. Revenue derived from software maintenance on lottery software is recognized ratably over the maintenance period. Revenue derived from enhancements to lottery software is recognized at the time such enhancements are accepted by the customer. Accounts Receivable and Allowance for Doubtful Accounts We have a policy of reserving for uncollectible accounts based on our best estimate of the amount of probable credit losses in our existing accounts receivable. We extend credit to our customers based on an evaluation of their financial condition and other factors. We generally do not require collateral or other security to support accounts receivable. We perform ongoing credit evaluations of our customers and maintain an allowance for potential bad debts if required. We determine whether an allowance for doubtful accounts is required by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations. In these cases, we use assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are reevaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. We may also record a general allowance as necessary. Direct write-offs are taken in the period when we have exhausted our efforts to collect overdue and unpaid receivables or otherwise evaluate other circumstances that indicate that we should abandon such efforts. As of May 31, 2015 and 2014, there was no allowance required. Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Revenue and expenses accounts are translated at average exchange rates during the period. Historical cost balances are re-measured using historical exchange rates. Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash, prepaid rent, receivables, accrued liabilities, and notes payable are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Stock-Based Compensation We recognize compensation expense for stock-based compensation in accordance with ASC Topic 718. For employee stock-based awards, we calculate the fair value of the award on the date of grant using the Black-Scholes method for stock options and the quoted price of our common stock for unrestricted shares; the expense is recognized over the service period for awards expected to vest. For non-employee stock-based awards, we calculate the fair value of the award on the date of grant in the same manner as employee awards. However, the awards are revalued at the end of each reporting period and the pro rata compensation expense is adjusted accordingly until such time the nonemployee award is fully vested, at which time the total compensation recognized to date equals the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient’s performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience. Convertible Instruments We evaluate and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities”. Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. We account for convertible instruments (when we have determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: We record when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. We also record when necessary, deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the preferred shares. 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. Rental expense Rental expense is accounted for on the straight-line method. Deferred rent payable as of May 31, 2015 represents the excess of rent recognized in the financial statements over scheduled lease payments. Recent Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial statements upon adoption. Concentration of Credit Risk Financial instruments that potentially expose us to concentrations of credit risk consist principally of cash and cash equivalents. We maintain our cash accounts at high quality financial institutions with balances, at times, in excess of federally insured limits. Management believes that the financial institutions that hold our deposits are financially sound and therefore pose minimal credit risk. Research and development Research and development expenditures are charged to operations as incurred. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
May. 31, 2015 | |
PROPERTY AND EQUIPMENT [Text Block] | NOTE 3 – PROPERTY AND EQUIPMENT Property and equipment consist of the following: Accumulated 2015 Cost Depreciation Net 2014 Leasehold improvements $ 16,011 $ 1,601 $ 14,410 $ 0 Computer equipment 22,975 5,169 17,806 0 Total $ 38,986 $ 6,770 $ 32,214 $ 0 Depreciation expense for the years ended May 31, 2015 and 2014 was $6,770 and $1,743 respectively |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 12 Months Ended |
May. 31, 2015 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES [Text Block] | NOTE 4 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES May 31, 2015 May 31, 2014 Programming and systems testing $ - $ - Legal 45,891 19,051 Audit 11,000 15,000 Consulting 15,360 9,040 General and administrative 19,192 16,413 Total $ 91,443 $ 59,504 |
SECURITIES SOLD NOT YET PURCHAS
SECURITIES SOLD NOT YET PURCHASED | 12 Months Ended |
May. 31, 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 May 31, 2015 securities at market value were as follows: Fair value Options sold short $ 222,482 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 | 12 Months Ended |
May. 31, 2015 | |
NOTES PAYABLE [Text Block] | NOTE 6 – NOTES PAYABLE May 31, 2015 May 31, 2014 Note payable due the former Chief Executive Officer with interest payable at 5% per annum, due June 21, 2015, unsecured. On Maturity, the loan automatically converts to Series B Preferred shares at a minimum price of $0.20 per stock (see note 11). $ 50,000 $ 46,125 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 automatically converts to Series B Preferred shares at a minimum price of $0.20 per stock (see note 11). 950,000 - Accrued interest on notes payable 33,271 - $ 1,033,271 $ 46,125 |
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY | 12 Months Ended |
May. 31, 2015 | |
STOCKHOLDERS EQUITY [Text Block] | NOTE 7 – STOCKHOLDERS’ EQUITY 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. As at May 31, 2015, no Series B Preferred Stock has been issued. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
May. 31, 2015 | |
INCOME TAXES [Text Block] | NOTE 8 – INCOME TAXES The Company was incorporated in the U.S, and its operations are in Canada. Currently, the Company has no operations or transactions in the U.S. The comparison of income tax expense at the U.S. statutory rate of 35% in tax years 2015 and 2014, to the Company’s effective tax is as follows: May 31, 2015 2014 U.S. Statutory Rate of 35% $ (197,000 ) $ (84,000 ) Tax rate difference between Canadian and U.S 51,000 16,000 Change in valuation allowance $ 146,000 $ 38,000 Effective Tax $ 0 $ 0 Deferred income taxes assets are summarized as follows: Available net operating losses $ 2,100,000 $ 1,900,000 Valuation allowance (2,100,000 ) (1,900,000 ) $ - $ - At May 31, 2015, the Company has approximately $7,000,000 of net operating loss carryforwards available to reduce future taxable income which expire through 2036. Utilization of these carryforwards may be revised under Internal Revenue Code section 382 that reduces utilizable losses following a greater than 50% ownership change as determined under regulations. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management established a full valuation allowance against the entire deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized. |
STOCK OPTION GRANTS
STOCK OPTION GRANTS | 12 Months Ended |
May. 31, 2015 | |
STOCK OPTION GRANTS [Text Block] | NOTE 9 – STOCK OPTION GRANTS A summary of the Company’s stock option activity and related information is as follows: Stock options Number of shares Weighted average Aggregate exercise price per Intrinsic share Value Outstanding, June 1, 2013 16,376,500 $ 0.1971 $ 3,227,333 Cancelled or expired (8,626,500 ) $ 0.1971 $ (2,963,833 ) Outstanding, May 31, 2014 7,750,000 $ 0.1650 $ 263,500 Cancelled or expired (7,750,000 ) $ 0.1650 $ (263,500 ) Outstanding, May 31, 2015 - - - The Company did not issue any options in 2015 and 2014. |
COMMITMENTS
COMMITMENTS | 12 Months Ended |
May. 31, 2015 | |
COMMITMENTS [Text Block] | NOTE 10 – 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 year ended May 31, 2015 aggregated approximately $38,000 in 2015 and $nil in 2014. |
SUBSEQUENT EVENT
SUBSEQUENT EVENT | 12 Months Ended |
May. 31, 2015 | |
SUBSEQUENT EVENT [Text Block] | NOTE 11 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financial statements have been issues. Other then what is discussed below, there have been no other subsequent events. 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 Series B Preferred Stock at a price of $0.20 per stock. On August 21, 2015 a $950,000 note payable matured, and as per the provisions of the loan, the principal and interest automatically converted to Series B Preferred Stock at a price of $0.20 per stock. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
May. 31, 2015 | |
Cash and Cash Equivalents [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid instruments with an original maturity or remaining maturity at the date of purchase of three months or less to be cash equivalents. |
Trading Securities [Policy Text Block] | Trading Securities Trading securities are recorded at fair value on a recurring basis and consist primarily of investments in corporate stocks. Realized trading gains and losses and unrealized gains and losses (fair value adjustments) are reported in statement of operations. |
Property and Equipment [Policy Text Block] | Property and Equipment Property and Equipment are stated at cost less accumulated amortization. Amortization is calculated on a straight-line basis over the expected useful life as follows: Computer equipment and software 3 years Office furniture and equipment 5 years Leasehold improvements Term of the lease Repairs and maintenance expenditures are charged to operating expense as incurred. Replacements and major renewals are capitalized. |
Impairment of Long-Lived Assets [Policy Text Block] | Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of the asset may not be recoverable. For assets that are to be held and used, impairment is recognized when the estimated undiscounted cash flows associated with the asset, or group of assets, is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and the fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. Assets to be disposed of are carried at the lower of carrying value or estimated net realizable value. |
Use of Estimates [Policy Text Block] | Use of Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue Recognition [Policy Text Block] | Revenue Recognition Revenue is recognized when it is realized or realizable and earned. Revenue is realized or realizable when there is persuasive evidence of an arrangement, prices are fixed or determinable, services or products are provided to the customer, and collectability is probable and reasonably assured depending upon the applicable revenue recognition guidance followed. The following are specific revenue recognition policies. MIBI expects to have contracts between the mobile network operators and/or the lottery operators, depending upon the jurisdiction of business. Revenue from lottery services is determined as a percentage of the amount of retail sales of lottery tickets pursuant to the terms of the contract. This revenue will be recognized when the lottery purchase transaction is completed and confirmed to the mobile device. Revenue from the sale of a lottery system, which includes the customization of software, is recognized on the percentage of completion method of accounting, based on the ratio of costs incurred to estimated costs to complete. Revenue from the stealth software is recognized when subscription funds are received. Revenue derived from software maintenance on lottery software is recognized ratably over the maintenance period. Revenue derived from enhancements to lottery software is recognized at the time such enhancements are accepted by the customer. |
Accounts Receivable and Allowance for Doubtful Accounts [Policy Text Block] | Accounts Receivable and Allowance for Doubtful Accounts We have a policy of reserving for uncollectible accounts based on our best estimate of the amount of probable credit losses in our existing accounts receivable. We extend credit to our customers based on an evaluation of their financial condition and other factors. We generally do not require collateral or other security to support accounts receivable. We perform ongoing credit evaluations of our customers and maintain an allowance for potential bad debts if required. We determine whether an allowance for doubtful accounts is required by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations. In these cases, we use assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are reevaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. We may also record a general allowance as necessary. Direct write-offs are taken in the period when we have exhausted our efforts to collect overdue and unpaid receivables or otherwise evaluate other circumstances that indicate that we should abandon such efforts. As of May 31, 2015 and 2014, there was no allowance required. |
Foreign Currency Translation [Policy Text Block] | Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Revenue and expenses accounts are translated at average exchange rates during the period. Historical cost balances are re-measured using historical exchange rates. Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. |
Income Taxes [Policy Text Block] | Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. |
Fair Value of Financial Instruments [Policy Text Block] | Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash, prepaid rent, receivables, accrued liabilities, and notes payable are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities |
Stock-Based Compensation [Policy Text Block] | Stock-Based Compensation We recognize compensation expense for stock-based compensation in accordance with ASC Topic 718. For employee stock-based awards, we calculate the fair value of the award on the date of grant using the Black-Scholes method for stock options and the quoted price of our common stock for unrestricted shares; the expense is recognized over the service period for awards expected to vest. For non-employee stock-based awards, we calculate the fair value of the award on the date of grant in the same manner as employee awards. However, the awards are revalued at the end of each reporting period and the pro rata compensation expense is adjusted accordingly until such time the nonemployee award is fully vested, at which time the total compensation recognized to date equals the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient’s performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience. |
Convertible Instruments [Policy Text Block] | Convertible Instruments We evaluate and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities”. Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. We account for convertible instruments (when we have determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: We record when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. We also record when necessary, deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the preferred shares. |
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. |
Rental expense [Policy Text Block] | Rental expense Rental expense is accounted for on the straight-line method. Deferred rent payable as of May 31, 2015 represents the excess of rent recognized in the financial statements over scheduled lease payments. |
Recent Accounting Pronouncements [Policy Text Block] | Recent Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial statements upon adoption. |
Concentration of Credit Risk [Policy Text Block] | Concentration of Credit Risk Financial instruments that potentially expose us to concentrations of credit risk consist principally of cash and cash equivalents. We maintain our cash accounts at high quality financial institutions with balances, at times, in excess of federally insured limits. Management believes that the financial institutions that hold our deposits are financially sound and therefore pose minimal credit risk. |
Research and development [Policy Text Block] | Research and development Research and development expenditures are charged to operations as incurred. |
SUMMARY OF SIGNIFICANT ACCOUN19
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of Expected Useful Life [Table Text Block] | Computer equipment and software 3 years Office furniture and equipment 5 years Leasehold improvements Term of the lease |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of Property and Equipment [Table Text Block] | Accumulated 2015 Cost Depreciation Net 2014 Leasehold improvements $ 16,011 $ 1,601 $ 14,410 $ 0 Computer equipment 22,975 5,169 17,806 0 Total $ 38,986 $ 6,770 $ 32,214 $ 0 |
ACCOUNTS PAYABLE AND ACCRUED 21
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | May 31, 2015 May 31, 2014 Programming and systems testing $ - $ - Legal 45,891 19,051 Audit 11,000 15,000 Consulting 15,360 9,040 General and administrative 19,192 16,413 Total $ 91,443 $ 59,504 |
SECURITIES SOLD NOT YET PURCH22
SECURITIES SOLD NOT YET PURCHASED (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of Securities Sold Not Yet Purchased [Table Text Block] | Fair value Options sold short $ 222,482 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of Short-term Debt [Table Text Block] | May 31, 2015 May 31, 2014 Note payable due the former Chief Executive Officer with interest payable at 5% per annum, due June 21, 2015, unsecured. On Maturity, the loan automatically converts to Series B Preferred shares at a minimum price of $0.20 per stock (see note 11). $ 50,000 $ 46,125 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 automatically converts to Series B Preferred shares at a minimum price of $0.20 per stock (see note 11). 950,000 - Accrued interest on notes payable 33,271 - $ 1,033,271 $ 46,125 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
May. 31, 2015 | |
Schedule of effective income tax rate [Table Text Block] | May 31, 2015 2014 U.S. Statutory Rate of 35% $ (197,000 ) $ (84,000 ) Tax rate difference between Canadian and U.S 51,000 16,000 Change in valuation allowance $ 146,000 $ 38,000 Effective Tax $ 0 $ 0 Deferred income taxes assets are summarized as follows: Available net operating losses $ 2,100,000 $ 1,900,000 Valuation allowance (2,100,000 ) (1,900,000 ) $ - $ - |
STOCK OPTION GRANTS (Tables)
STOCK OPTION GRANTS (Tables) | 12 Months Ended |
May. 31, 2015 | |
Summary of the Stock Option Activity [Table Text Block] | Stock options Number of shares Weighted average Aggregate exercise price per Intrinsic share Value Outstanding, June 1, 2013 16,376,500 $ 0.1971 $ 3,227,333 Cancelled or expired (8,626,500 ) $ 0.1971 $ (2,963,833 ) Outstanding, May 31, 2014 7,750,000 $ 0.1650 $ 263,500 Cancelled or expired (7,750,000 ) $ 0.1650 $ (263,500 ) Outstanding, May 31, 2015 - - - |
PROPERTY AND EQUIPMENT (Narrati
PROPERTY AND EQUIPMENT (Narrative) (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Property And Equipment 1 | $ 6,770 |
Property And Equipment 2 | $ 1,743 |
STOCKHOLDERS EQUITY (Narrative)
STOCKHOLDERS EQUITY (Narrative) (Details) - 12 months ended May. 31, 2015 | USD ($) |
Stockholders Equity 1 | $ 0.001 |
Stockholders Equity 2 | 1 |
Stockholders Equity 3 | 1 |
Stockholders Equity 4 | $ 0.20 |
INCOME TAXES (Narrative) (Detai
INCOME TAXES (Narrative) (Details) - 12 months ended May. 31, 2015 - USD ($) | Total |
Income Taxes 1 | 35.00% |
Income Taxes 2 | $ 7,000,000 |
Income Taxes 3 | 50.00% |
COMMITMENTS (Narrative) (Detail
COMMITMENTS (Narrative) (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Commitments 1 | $ 34,000 |
Commitments 2 | 38,000 |
Commitments 3 | $ 0 |
SUBSEQUENT EVENT (Narrative) (D
SUBSEQUENT EVENT (Narrative) (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Subsequent Event 1 | $ 50,000 |
Subsequent Event 2 | 0.20 |
Subsequent Event 3 | 950,000 |
Subsequent Event 4 | $ 0.20 |
Schedule of Expected Useful Lif
Schedule of Expected Useful Life (Details) | 12 Months Ended |
May. 31, 2015yr | |
Summary Of Significant Accounting Policies Schedule Of Expected Useful Life 1 | 3 |
Summary Of Significant Accounting Policies Schedule Of Expected Useful Life 2 | 5 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Property And Equipment Schedule Of Property And Equipment 1 | $ 16,011 |
Property And Equipment Schedule Of Property And Equipment 2 | 1,601 |
Property And Equipment Schedule Of Property And Equipment 3 | 14,410 |
Property And Equipment Schedule Of Property And Equipment 4 | 0 |
Property And Equipment Schedule Of Property And Equipment 5 | 22,975 |
Property And Equipment Schedule Of Property And Equipment 6 | 5,169 |
Property And Equipment Schedule Of Property And Equipment 7 | 17,806 |
Property And Equipment Schedule Of Property And Equipment 8 | 0 |
Property And Equipment Schedule Of Property And Equipment 9 | 38,986 |
Property And Equipment Schedule Of Property And Equipment 10 | 6,770 |
Property And Equipment Schedule Of Property And Equipment 11 | 32,214 |
Property And Equipment Schedule Of Property And Equipment 12 | $ 0 |
Schedule of Accounts Payable an
Schedule of Accounts Payable and Accrued Liabilities (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 1 | $ 0 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 2 | 0 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 3 | 45,891 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 4 | 19,051 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 5 | 11,000 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 6 | 15,000 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 7 | 15,360 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 8 | 9,040 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 9 | 19,192 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 10 | 16,413 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 11 | 91,443 |
Accounts Payable And Accrued Liabilities Schedule Of Accounts Payable And Accrued Liabilities 12 | $ 59,504 |
Schedule of Securities Sold Not
Schedule of Securities Sold Not Yet Purchased (Details) | 12 Months Ended |
May. 31, 2015USD ($) | |
Securities Sold Not Yet Purchased Schedule Of Securities Sold Not Yet Purchased 1 | $ 222,482 |
Schedule of Short-term Debt (De
Schedule of Short-term Debt (Details) - 12 months ended May. 31, 2015 - USD ($) | Total |
Notes Payable Schedule Of Short-term Debt 1 | 5.00% |
Notes Payable Schedule Of Short-term Debt 2 | $ 0.20 |
Notes Payable Schedule Of Short-term Debt 3 | 50,000 |
Notes Payable Schedule Of Short-term Debt 4 | $ 46,125 |
Notes Payable Schedule Of Short-term Debt 5 | 5.00% |
Notes Payable Schedule Of Short-term Debt 6 | $ 0.20 |
Notes Payable Schedule Of Short-term Debt 7 | 950,000 |
Notes Payable Schedule Of Short-term Debt 8 | 0 |
Notes Payable Schedule Of Short-term Debt 9 | 33,271 |
Notes Payable Schedule Of Short-term Debt 10 | 0 |
Notes Payable Schedule Of Short-term Debt 11 | 1,033,271 |
Notes Payable Schedule Of Short-term Debt 12 | $ 46,125 |
Schedule of effective income ta
Schedule of effective income tax rate (Details) - 12 months ended May. 31, 2015 - USD ($) | Total |
Income Taxes Schedule Of Effective Income Tax Rate 1 | 35.00% |
Income Taxes Schedule Of Effective Income Tax Rate 2 | $ (197,000) |
Income Taxes Schedule Of Effective Income Tax Rate 3 | (84,000) |
Income Taxes Schedule Of Effective Income Tax Rate 4 | 51,000 |
Income Taxes Schedule Of Effective Income Tax Rate 5 | 16,000 |
Income Taxes Schedule Of Effective Income Tax Rate 6 | 146,000 |
Income Taxes Schedule Of Effective Income Tax Rate 7 | 38,000 |
Income Taxes Schedule Of Effective Income Tax Rate 8 | 0 |
Income Taxes Schedule Of Effective Income Tax Rate 9 | 0 |
Income Taxes Schedule Of Effective Income Tax Rate 10 | 2,100,000 |
Income Taxes Schedule Of Effective Income Tax Rate 11 | 1,900,000 |
Income Taxes Schedule Of Effective Income Tax Rate 12 | (2,100,000) |
Income Taxes Schedule Of Effective Income Tax Rate 13 | (1,900,000) |
Income Taxes Schedule Of Effective Income Tax Rate 14 | 0 |
Income Taxes Schedule Of Effective Income Tax Rate 15 | $ 0 |
Summary of the Stock Option Act
Summary of the Stock Option Activity (Details) - 12 months ended May. 31, 2015 | USD ($)shares |
Stock Option Grants Summary Of The Stock Option Activity 1 | shares | 16,376,500 |
Stock Option Grants Summary Of The Stock Option Activity 2 | 0.1971 |
Stock Option Grants Summary Of The Stock Option Activity 3 | $ 3,227,333 |
Stock Option Grants Summary Of The Stock Option Activity 4 | shares | (8,626,500) |
Stock Option Grants Summary Of The Stock Option Activity 5 | 0.1971 |
Stock Option Grants Summary Of The Stock Option Activity 6 | $ (2,963,833) |
Stock Option Grants Summary Of The Stock Option Activity 7 | shares | 7,750,000 |
Stock Option Grants Summary Of The Stock Option Activity 8 | 0.1650 |
Stock Option Grants Summary Of The Stock Option Activity 9 | $ 263,500 |
Stock Option Grants Summary Of The Stock Option Activity 10 | shares | (7,750,000) |
Stock Option Grants Summary Of The Stock Option Activity 11 | 0.1650 |
Stock Option Grants Summary Of The Stock Option Activity 12 | $ (263,500) |
Stock Option Grants Summary Of The Stock Option Activity 13 | shares | 0 |
Stock Option Grants Summary Of The Stock Option Activity 14 | $ 0 |
Stock Option Grants Summary Of The Stock Option Activity 15 | $ 0 |