Profit Planners Management (PPMT) 10-K 11 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	May. 31, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Profit Planners Management, Inc.
Entity Central Index Key	1,468,164
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Document Type	10-K
Document Period End Date	May 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 289,511.85
Entity Common Stock, Shares Outstanding		5,430,279

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	May. 31, 2015	May. 31, 2014
Current assets:
Cash	$ 57,906	$ 39,982
Accounts receivable (net of allowance of $34,079 and $19,795 in 2015 and 2014, respectively)	$ 99,497	99,940
Note receivable		72,000
Other current assets	$ 6,991	39,590
Total current assets	164,394	251,512
Property and equipment:
Property and equipment	13,172	13,172
Less: accumulated depreciation	(10,998)	(6,839)
Net property and equipment	2,174	6,333
Total Assets	166,568	257,845
Current liabilities:
Accounts payable and accrued expenses	161,290	46,357
Accounts payable and accrued expenses - related parties	74,712	66,700
Accrued expenses - employee compensation as current position	25,000	130,000
Accrued expenses - officer's compensation	466,907	373,925
Deferred revenue	2,850	20,000
Total Current Liabilities	730,759	$ 636,982
Accrued expenses - employee compensation, less current portion	101,000
Total Liabilities	$ 831,759	$ 636,982
Stockholders' Deficit
Preferred stock - $.001 par value; 50,000,000 shares authorized; none and none issued and outstanding in 2015 and 2014, respectively
Common stock - $.001 par value; 50,000,000 shares authorized; 5,430,279 and 5,405,279 shares issued and outstanding in 2015 and 2014, respectively	$ 5,430	$ 5,405
Additional paid-in capital	301,766	296,791
Accumulated deficit	(972,387)	(681,333)
Net Stockholders' Deficit	(665,191)	(379,137)
Total Liabilities And Stockholders' Deficit	$ 166,568	$ 257,845

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	May. 31, 2015	May. 31, 2014
Statement of Financial Position [Abstract]
Net of allowance	$ 34,079	$ 19,795
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	50,000,000
Common stock, shares issued	5,430,279	5,405,279
Common stock, shares outstanding	5,430,279	5,405,279

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Income Statement [Abstract]
Revenues - consulting and management services fees	$ 812,758	$ 703,304
Revenues - consulting and management services fees - related party		6,925
Total revenues	$ 812,758	710,229
Cost of revenues - personnel and overhead costs	549,844	544,955
Gross Profit	262,914	165,274
Selling, general and administrative expenses:
Corporate management	241,604	359,113
Consulting and professional expenses	142,356	81,574
Other operating expenses	170,008	220,037
Total selling, general and administrative expenses	553,968	660,724
Net loss and comprehensive loss from continuing operations	$ (291,054)	(495,450)
Discontinued operations (Note 4)
Net loss and comprehensive loss from operations of Organics Innovations, Inc.		80,122
Net loss and comprehensive loss	$ (291,054)	$ (415,328)
Net loss per weighted-average shares common stock - basic and diluted:
Continuing operations		$ (0.01)
Discontinued operations
Net loss		$ (0.01)
Weighted-average number of shares of common stock to be issued and outstanding - basic and diluted:	5,430,279	5,322,180

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) - USD ($)	May. 31, 2015	Apr. 30, 2015	May. 31, 2014
Note receivable			$ 72,000
Chief Executive Officer [Member]
Note receivable		$ 72,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($)	Common Stock	Common Stock subscribed	Additional Paid-in Capital	Amount Due Under Subscription Agreement	Accumulated Deficit	Total
Begining Balance at May. 31, 2013	$ 5,056	$ 314	$ 200,410	$ (28,334)	$ (266,005)	$ (88,559)
Begining Balance (in shares) at May. 31, 2013	5,056,297
Stock issued for consulting arrangement	$ 50		24,950			25,000
Stock issued for consulting arrangement (in shares)	50,000
Stock issuance to employees and advisors	$ 33		29,217			29,250
Stock issuance to employees and advisors (in shares)	32,500
Stock issued to private placement investor	$ 235		70,265			$ 70,500
Stock issued to private placement investor (in shares)	235,000
Adjustment to subscribed stock value	$ 31	$ (314)	$ (28,051)	$ 28,334
Adjustment to subscribed stock value (in shares)	31,482
Net loss					$ (415,328)	$ (415,328)
Ending Balance at May. 31, 2014	$ 5,430		$ 296,791		$ (681,333)	(379,137)
Ending Balance (in shares) at May. 31, 2014	5,405,279
Stock issued to private placement investor	$ 25		$ 4,975			5,000
Stock issued to private placement investor (in shares)	25,000
Net loss					$ (291,054)	(291,054)
Ending Balance at May. 31, 2015	$ 5,430		$ 301,766		$ (972,387)	$ (665,191)
Ending Balance (in shares) at May. 31, 2015	5,430,279

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Cash Flows From Operating Activities
Net loss	$ (291,054)	$ (415,328)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depreciation	4,159	6,013
Provision for bad debt	$ 10,684	61,544
Net gain on sale of discontinued operations		(107,773)
Stock compensation		54,250
Changes in operating assets and liabilities:
Accounts receivable	$ (10,241)	(68,052)
Other current assets	32,599	821
Accounts payable and accrued expenses	114,933	14,484
Accounts payable and accrued expenses - related party	8,012	27,050
Accrued expenses - employee compensation	(4,000)	130,000
Accrued expenses payable - officer's compensation	164,982	180,284
Deferred revenue	(17,150)	(31,250)
Net Cash Provided by (Used in) Operating Activities	$ 12,924	(147,957)
Cash Flows From Investing Activities
Purchases of property and equipment		(10,545)
Cash Flows From Financing Activities
Proceeds from the issuance of common stock	$ 5,000	70,500
Net (decrease) increase in cash	17,924	(88,002)
Cash, beginning of year	39,982	127,984
Cash, end of year	$ 57,906	$ 39,982

Consolidated Statements of Cas8

Consolidated Statements of Cash Flow (Parenthetical) $ in Thousands	1 Months Ended
	Apr. 30, 2015USD ($)
Statement of Cash Flows [Abstract]
Non cash note receivable	$ 72,000

Organization

Organization	12 Months Ended
	May. 31, 2015
Organization [Abstract]
ORGANIZATION	NOTE 1 - ORGANIZATION Profit Planners Management, Inc. (the “Company”) was incorporated on January 29, 2009 under the laws of the State of Nevada. The Company derives revenue from management, tax, financial and accounting advisory services mainly through consulting agreements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	May. 31, 2015
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries: Profit Management, Inc., PPMT Group formally Enertel Plus, Inc. and PPMT Strategic Group, Inc. All inter-company balances and transactions have been eliminated in consolidation. Property and equipment Property and equipment consists of computer equipment, which is stated at cost and depreciated using the straight-line method based on an estimated useful life of three years. Depreciation expense from continuing operations totaled $4,159 and $6,013 for the years ended May 31, 2015, and May 31, 2014, respectively. Expenditures for maintenance and repairs are charged to expense as incurred. When an asset is sold or otherwise disposed of, the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its fair value. Accounts receivable Accounts receivable represent trade obligations from customers that are subject to normal trade collection terms, without discounts. The Company periodically evaluates the collectability of its accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and credit to accounts receivable. Actual amounts could vary from the recorded estimates. The Company recorded an allowance for doubtful accounts of $34,079 and $19,795, as of May 31, 2015 and May 31, 2014, respectively. The Company does not require collateral to support customer receivables. Revenue recognition The Company’s revenues are derived from management, financial and accounting advisory services. The Company will recognize revenue when it is realized or realizable and earned. 2014 product sales from the Company’s Organic Innovations subsidiary’s e-commerce sites are reflected in discontinued operations. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement that the services have been rendered to the customer, the sales price is fixed or determinable, and collectability is reasonably assured. The Company’s three largest customers accounted for 28%, 12% and 11% of revenue for the year ended May 31, 2015. The Company’s two largest customers accounted for 28% and 10% of revenue for the year ended May 31, 2014. Deferred Revenue Deferred revenue represents revenues collected but not earned. This is primarily composed of revenue for service contracts where payments are made in advance of services being rendered. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Income taxes The amount provided for income taxes is based upon the amounts of current and deferred taxes payable or refundable at the date of the financial statements as a result of all events recognized in the financial statements as measured by the provisions of enacted tax laws. The Company evaluates any uncertain tax positions and a loss would be recognized based on management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. To the extent the Company’s assessment of such tax matters changes, the change in estimate is recorded in the period in which the determination is made. The Company reports any tax-related interest and penalties as a component of income tax expense. The Company is subject to federal and state income taxes in which the Company operates. Tax years subject to examination by federal and state jurisdictions include 2010 and after. Net income (loss) per common share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of May 31, 2015 or 2014. Due to the loss for the periods presented, the shares are not included in the calculation as they would be anti-dilutive. Recently Issued Accounting Pronouncements In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09: Revenue from Contracts with Customers. The standard outlines a five-step model for revenue recognition with the core principle being that a company should recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. Companies can choose to apply the standard using either the full retrospective approach or a modified retrospective approach. Under the modified approach, financial statements will be prepared for the year of adoption using the new standard but prior periods presented will not be adjusted. Instead, companies will recognize a cumulative catch-up adjustment to the opening balance of retained earnings. This new guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company has not yet made a determination been made as to the method of application (full retrospective or modified retrospective). It is too early to assess whether the impact of the adoption of this new guidance will have a material impact on the Company's results of operations, financial position or cash flows.

Going Concern

Going Concern	12 Months Ended
	May. 31, 2015
Going Concern [Abstract]
GOING CONCERN	NOTE 3 - GOING CONCERN As reflected in the accompanying audited financial statements, the Company has a net loss and comprehensive loss of $291,054 and $415,328 for the years ended May 31, 2015 and May 31, 2014, respectively; and an accumulated deficit of $972,387 at May 31, 2015. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the actions presently being taken and the success of future operations will be sufficient to enable the Company to continue as a going concern. These actions include continuing to grow the Company’s revenues to sufficiently support its cost structure through existing and new clients while actively seeking channels to develop business. In August 2013, the Company obtained $70,500 through private placement offerings. Management may seek additional financing using equity or debt instruments in the future through additional private placement offerings. There can be no assurance that the actions taken and raising of equity will be successful or that the Company’s anticipated financing will be available in the future, at terms satisfactory to the Company. Failure to achieve the equity and financing at satisfactory terms and amounts could have a material adverse effect on the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Discontinued Operations

Discontinued Operations	12 Months Ended
	May. 31, 2015
Discontinued Operations [Abstract]
DISCONTINUED OPERATIONS	NOTE 4 - DISCONTINUED OPERATIONS As of February 28, 2014 the Company reached a decision to sell the assets of its Organic Innovations business. The assets consisted of three domain names, trademarks, websites and customer lists. The domain names were purchased from third parties and a related party (Note 5) in October 2013 and had a carrying value of $7,227 as of February 28, 2014. The other assets were internally developed and have no carrying value. Cash flows from the business arose primarily from the gross margin of the products and working capital timing. On May 9, 2014, the Company completed the sale of assets of its Organic Innovations subsidiary to a third party pursuant to the terms of the Asset Purchase Agreement between the parties dated as of May 7, 2014 for an aggregate purchase price of $115,000. The purchase price was paid in installments of cash of $4,500 on May 9, 2014 and $13,500 on May 31, 2014, the assumption of a Company obligation to the CEO for $25,000 and a promissory note for $72,000 which earned an interest rate of 8% per annum. As discussed in Note 5, this note was assumed by the Company’s CEO during April 2015 and offset against the Company’s accrued compensation obligation to him. Product sales represented revenue from the sale of products and related shipping fees. Product sales and shipping revenues, net of promotional discounts, rebates, and return allowances, were recorded when the products were shipped and title passed to customers. Return allowances, which reduced revenue, were estimated using historical experience. Revenue from product sales was recorded net of sales taxes. Discount offers, when accepted by our customers, were treated as a reduction to sales revenues. The following table summarized the results of the Organic Innovations business for the year ended May 31, 2014: Year Ended May 31, 2014 Net product sales $ 32,115 Cost of sales (24,762 ) Other operating expenses (35,004 ) Loss from discontinued operations (27,651 ) Gain on sale of discontinued operations 107,773 Net income from discontinued operations $ 80,122 Cash flows from discontinued operations $ (27,651 ) As the Company is in a net operating loss position, any taxable income generated by net income of the discontinued operations and the gain on the sale of assets would be offset by the losses incurred.

Related Party Transactions

Related Party Transactions	12 Months Ended
	May. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 - RELATED PARTY TRANSACTIONS The Company had revenues totaling $0 and $6,925 reflected in the financial statements for the years ended May 31, 2015 and 2014, respectively, related to an affiliated company for which the Company’s CEO has a controlling interest. On October 1, 2013 the Company purchased for $4,000, a domain name and site from Golden Age Medical Inc., a company owned by the CEO. This asset was subsequently sold as part of the Organic Innovations Inc. asset sale (Note 4). The Company had accrued officer’s compensation expense payable to the CEO, who has a controlling ownership interest in the Company. The compensation obligations owed to the CEO totaled $466,907 and $373,925 for the years ended May 31, 2015 and 2014, respectively. In April, 2015 the Company’s CEO assumed the $72,000 note plus accrued interest (note 4). The compensation obligation to the CEO was reduced by $77,745. The Company had accrued compensation expense payable to a former Director of the Company for providing legal counsel services for $1,000 per month. The compensation obligations owed to the Director totaled $22,000 and $16,000 for the years ended May 31, 2015 and 2014, respectively.

Income Taxes

Income Taxes	12 Months Ended
	May. 31, 2015
Income Taxes [Abstract]
INCOME TAXES	NOTE 6 - INCOME TAXES For tax purposes as of May 31, 2015, the Company has United States federal and state (New York and Florida) net operating loss (NOL) carryovers which are available to offset future taxable income These NOL carryovers expire follows: Federal State Fiscal Year Generated Fiscal Year of Expiration Amount Fiscal Year of Expiration Amount 2010 2030 $ 1,904 2030 $ 1,787 2011 2031 93,122 2031 87,434 2012 2032 53,830 2032 50,542 2014 2034 330,952 2034 310,733 2015 2035 79,239 2035 74,398 $ 559,047 $ 524,894 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Components of the Company’s deferred tax asset are as follows as of May 31: 2015 2014 Deferred tax asset - net operating loss carryovers $ 117,589 $ 100,922 Deferred tax asset - accrued expenses 149,022 106,165 Valuation allowance (266,611 ) (207,087 ) Net deferred tax asset $ - $ - The Company periodically evaluates whether it is more likely than not that it will generate sufficient taxable income to realize the deferred income tax asset. The ultimate realization of this asset is dependent upon the generation of future taxable income sufficient to offset the related deductions. At the present time, management cannot presently determine when the Company will be able to generate sufficient taxable income to realize the deferred tax asset; accordingly, a valuation allowance has been established to offset the asset. The net change in valuation allowance was an increase of $59,524 and $87,109 in 2015 and 2014, respectively. The reconciliation of income tax benefit attributable to continuing operations computed at the U.S. federal statutory tax rates to the income tax benefit recorded is as follows: Year Ended May 31, 2015 2014 Income tax at U.S. statutory rate of 15% $ (43,658 ) $ (62,299 ) State income taxes, net of federal benefit (15,866 ) (24,810 ) Increase in valuation allowance 59,524 87,109 Income tax benefit $ - $ -

Subscription Agreement

Subscription Agreement	12 Months Ended
	May. 31, 2015
Subscription Agreement [Abstract]
SUBSCRIPTION AGREEMENT	NOTE 7 - SUBSCRIPTION AGREEMENT In May 2011, the Company entered into a Stock Purchase Agreement with Orchid Island Capital Partners LP (“Orchid”) whereby Orchid agreed to purchase 111,112 shares of the Company’s restricted common stock for $100,000. As of May 31, 2015, the Company had distributed all of the shares but had only received $71,667 of the $100,000 by subscription agreement through the private placement. The Company, unable to collect the remaining $28,333 wrote off this receivable as a reduction to paid-in-capital during the year ended May 31, 2014.

Leases

Leases	12 Months Ended
	May. 31, 2015
Leases [Abstract]
LEASES	NOTE 8 - LEASES In March 2015 the lease agreement for office space in Manhattan, NY was made on a month-to-month basis with a monthly rent of $6,000. The Company has an office in Miami, Florida under a short-term lease with monthly rent of $630. Rent expense for the Company totaled $55,417 and $56,816, for the years ended May 31, 2015 and 2014, respectively.

Equity

Equity	12 Months Ended
	May. 31, 2015
Equity [Abstract]
Equity	NOTE 9 – EQUITY On April 24, 2015, the Company’s Board of Directors approved a One (1) for Ten (10) reverse stock split of the Registrant’s authorized and issued and outstanding par value $.001 per share common stock (the “Reverse Stock Split”). Under the terms of the Reverse Stock Split, (i) each Ten (10) shares of common stock held by the Registrant’s shareholders shall be reclassified and converted to One (1) common share, (ii) the number of shares of common stock authorized by the Registrant’s Articles of Incorporation shall be reduced from 500,000,000 shares to 50,000,000 shares. All periods presented in the accompanying consolidated financial statements have been retroactively adjusted to reflect the Reverse Stock Split. On June 10, 2013, the Company issued 32,500 restricted shares of Company common stock, valued at $29,250, to employees and advisors of the Company as a discretionary bonus approved by the Board of Directors. The value of the common stock was based on the most recent trade price of a common share on the date of issuance. The amounts are reflected as salary and consulting expenses in the consolidated financial statements. Effective July 1, 2013, the Company entered into a six-month services agreement with a consultant for performance of CFO and similar services. Under the agreement, approved by the parties and the Company’s Board of Directors on August 2, 2013, the consultant was compensated through the issuance of 50,000 restricted shares of the Company’s common stock valued at $25,000. The value of the common stock was based on the most recent trade price of a common share on August 2, 2013. The value of the stock issued was recognized as consulting expenses over the contract period as services were rendered and reflected in cost of sales and operating expenses. On August 7, 2013, the Company entered into agreements with accredited investors whereby the Company issued 235,000 shares of common stock at a price of $.30 per share for total proceeds of $70,500. During October 2014, the Company entered in an agreement with an accredited investor whereby the Company issued 25,000 shares of common stock at a price of $0.20 per share for total proceeds of $5,000.

Contingent Employee Bonus

Contingent Employee Bonus	12 Months Ended
	May. 31, 2015
Contingent Employee Bonus [Abstract]
CONTINGENT EMPLOYEE BONUS	NOTE 10 - CONTINGENT EMPLOYEE BONUS On January 1, 2013, the Company entered into a compensation agreement with an employee that provides for a bonus based upon certain performance requirements. Since inception of the compensation agreement, management has evaluated the results of the employee’s performance and determined that the likelihood of payment would be remote as the employee did not meet the minimum performance requirements. The employee and management are in negotiations to finalize the previous and future compensation, however, management estimates that it is probable the Company will settle with the employee for a $130,000 bonus for past services. As a result of the expected settlement, the Company expensed $130,000 during the year ended May 31, 2014 in conjunction with the bonus. $4,000 has been paid out related to the bonus as of May 31, 2015.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	May. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries: Profit Management, Inc., PPMT Group formally Enertel Plus, Inc. and PPMT Strategic Group, Inc. All inter-company balances and transactions have been eliminated in consolidation.
Property and equipment	Property and equipment Property and equipment consists of computer equipment, which is stated at cost and depreciated using the straight-line method based on an estimated useful life of three years. Depreciation expense from continuing operations totaled $4,159 and $6,013 for the years ended May 31, 2015, and May 31, 2014, respectively. Expenditures for maintenance and repairs are charged to expense as incurred. When an asset is sold or otherwise disposed of, the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its fair value.
Accounts receivable	Accounts receivable Accounts receivable represent trade obligations from customers that are subject to normal trade collection terms, without discounts. The Company periodically evaluates the collectability of its accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and credit to accounts receivable. Actual amounts could vary from the recorded estimates. The Company recorded an allowance for doubtful accounts of $34,079 and $19,795, as of May 31, 2015 and May 31, 2014, respectively. The Company does not require collateral to support customer receivables.
Revenue recognition	Revenue recognition The Company’s revenues are derived from management, financial and accounting advisory services. The Company will recognize revenue when it is realized or realizable and earned. 2014 product sales from the Company’s Organic Innovations subsidiary’s e-commerce sites are reflected in discontinued operations. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement that the services have been rendered to the customer, the sales price is fixed or determinable, and collectability is reasonably assured. The Company’s three largest customers accounted for 28%, 12% and 11% of revenue for the year ended May 31, 2015. The Company’s two largest customers accounted for 28% and 10% of revenue for the year ended May 31, 2014.
Deferred Revenue	Deferred Revenue Deferred revenue represents revenues collected but not earned. This is primarily composed of revenue for service contracts where payments are made in advance of services being rendered.
Use of estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.
Income taxes	Income taxes The amount provided for income taxes is based upon the amounts of current and deferred taxes payable or refundable at the date of the financial statements as a result of all events recognized in the financial statements as measured by the provisions of enacted tax laws. The Company evaluates any uncertain tax positions and a loss would be recognized based on management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. To the extent the Company’s assessment of such tax matters changes, the change in estimate is recorded in the period in which the determination is made. The Company reports any tax-related interest and penalties as a component of income tax expense. The Company is subject to federal and state income taxes in which the Company operates. Tax years subject to examination by federal and state jurisdictions include 2010 and after.
Net income (loss) per common share	Net income (loss) per common share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of May 31, 2015 or 2014. Due to the loss for the periods presented, the shares are not included in the calculation as they would be anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09: Revenue from Contracts with Customers. The standard outlines a five-step model for revenue recognition with the core principle being that a company should recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. Companies can choose to apply the standard using either the full retrospective approach or a modified retrospective approach. Under the modified approach, financial statements will be prepared for the year of adoption using the new standard but prior periods presented will not be adjusted. Instead, companies will recognize a cumulative catch-up adjustment to the opening balance of retained earnings. This new guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company has not yet made a determination been made as to the method of application (full retrospective or modified retrospective). It is too early to assess whether the impact of the adoption of this new guidance will have a material impact on the Company's results of operations, financial position or cash flows.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	May. 31, 2015
Discontinued Operations [Abstract]
Summary of results of Organic Innovation business	Year Ended May 31, 2014 Net product sales $ 32,115 Cost of sales (24,762 ) Other operating expenses (35,004 ) Loss from discontinued operations (27,651 ) Gain on sale of discontinued operations 107,773 Net income from discontinued operations $ 80,122 Cash flows from discontinued operations $ (27,651 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	May. 31, 2015
Income Taxes [Abstract]
Summary of federal net operating loss carryovers available to offset future taxable income	Federal State Fiscal Year Generated Fiscal Year of Expiration Amount Fiscal Year of Expiration Amount 2010 2030 $ 1,904 2030 $ 1,787 2011 2031 93,122 2031 87,434 2012 2032 53,830 2032 50,542 2014 2034 330,952 2034 310,733 2015 2035 79,239 2035 74,398 $ 559,047 $ 524,894
Components of deferred tax asset	2015 2014 Deferred tax asset - net operating loss carryovers $ 117,589 $ 100,922 Deferred tax asset - accrued expenses 149,022 106,165 Valuation allowance (266,611 ) (207,087 ) Net deferred tax asset $ - $ -
Reconciliation of income tax benefit attributable to continuing operations computed at U.S. federal statutory tax rates to income tax	Year Ended May 31, 2015 2014 Income tax at U.S. statutory rate of 15% $ (43,658 ) $ (62,299 ) State income taxes, net of federal benefit (15,866 ) (24,810 ) Increase in valuation allowance 59,524 87,109 Income tax benefit $ - $ -

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details)	12 Months Ended
	May. 31, 2015USD ($)INF	May. 31, 2014USD ($)INF
Summary of Significant Accounting Policies (Textual)
Allowancre for doubtful accounts	$ 34,079	$ 19,795
Depreciation expense from continuing operations	$ 4,159	$ 6,013
Property, plant and equipment, depreciation method	Straight-line method
Property, plant and equipment, estimated useful life	3 years
Revenue [Member]
Summary of Significant Accounting Policies (Textual)
Number of customers | INF	3	2
Revenue [Member] | Customer One [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk, percentage	28.00%	28.00%
Revenue [Member] | Customer Two [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk, percentage	12.00%	10.00%
Revenue [Member] | Customer Three [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk, percentage	11.00%

Going Concern (Details)

Going Concern (Details) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2013	May. 31, 2015	May. 31, 2014
Going Concern (Textual)
Net loss and comprehensive loss from continuing operations		$ (291,054)	$ (495,450)
Accumulated deficit		$ (972,387)	$ (681,333)
Proceeds from issuance of private placement offerings	$ 70,500

Discontinued Operations (Detail

Discontinued Operations (Details) - Organic Innovations business [Member]	12 Months Ended
	May. 31, 2014USD ($)
Summary of results of Organic Innovation business
Net product sales	$ 32,115
Cost of sales	(24,762)
Other operating expenses	(35,004)
Loss from discontinued operations	(27,651)
Gain on sale of discontinued operations	107,773
Net income from discontinued operations	80,122
Cash flows from discontinued operations	$ (27,651)

Discontinued Operations (Deta25

Discontinued Operations (Details Textual) - USD ($)	May. 31, 2015	May. 31, 2014	May. 09, 2014	May. 07, 2014	Feb. 28, 2014
Discontinued Operations (Textual)
Domain names, carrying value					$ 7,227
Payment of purchase price was paid in cash		$ 13,500	$ 4,500
Sale of assets purchase price consideration				$ 115,000
Obligation to CEO calculated under sale of assets		25,000
Promissory note receivable		$ 72,000
Promissory note Interest rate percentage		8.00%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Oct. 01, 2013	May. 31, 2015	May. 31, 2014	Apr. 30, 2015
Related Party Transactions (Textual)
Revenue from related parties		$ 0	$ 6,925
Purchase of domain name and site from Golden Age Medical Inc	$ 4,000
Accrued expenses - officer's compensation		$ 466,907	373,925
Note receivable			72,000
CEO [Member]
Related Party Transactions (Textual)
Accrued expenses - officer's compensation		$ 466,907	373,925	$ 77,745
Note receivable				$ 72,000
Director [Member]
Related Party Transactions (Textual)
Accrued expenses - officer's compensation		22,000	$ 16,000
Providing legal counsel services		$ 1,000

Income Taxes (Details)

Income Taxes (Details) - May. 31, 2015 - USD ($)	Total
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Amount	$ 559,047
Federal [Member] | 2010 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,030
Net operating loss carryovers, Amount	$ 1,904
Federal [Member] | 2011 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,031
Net operating loss carryovers, Amount	$ 93,122
Federal [Member] | 2012 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,032
Net operating loss carryovers, Amount	$ 53,830
Federal [Member] | 2014 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,034
Net operating loss carryovers, Amount	$ 330,952
Federal [Member] | 2015 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,035
Net operating loss carryovers, Amount	$ 79,239
State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Amount	$ 524,894
State [Member] | 2010 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,030
Net operating loss carryovers, Amount	$ 1,787
State [Member] | 2011 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,031
Net operating loss carryovers, Amount	$ 87,434
State [Member] | 2012 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,032
Net operating loss carryovers, Amount	$ 50,542
State [Member] | 2014 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,034
Net operating loss carryovers, Amount	$ 310,733
State [Member] | 2015 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers, Fiscal Year of Expiration	2,035
Net operating loss carryovers, Amount	$ 74,398

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	May. 31, 2015	May. 31, 2014
Income Taxes [Abstract]
Deferred tax asset - net operating loss carryovers	$ 117,589	$ 100,922
Deferred tax asset - accrued expenses	149,022	106,165
Valuation allowance	$ (266,611)	$ (207,087)
Net deferred tax asset

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Income Taxes [Abstract]
Income tax at U.S. statutory rate of 15%	$ (43,658)	$ (62,299)
State income taxes, net of federal benefit	(15,866)	(24,810)
Increase in valuation allowance	$ 59,524	$ 87,109
Income tax benefit

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Income Taxes Textual (Abstract)
Net change in valuation allowance	$ 59,524	$ 87,109
Income tax at U.S.Statutory rate, Percent	15.00%	15.00%

Subscription Agreement (Details

Subscription Agreement (Details) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 31, 2013	May. 31, 2011	May. 31, 2015	May. 31, 2014
Subscription Agreement (Textual)
Proceeds from issuance of private placement	$ 70,500
Written off receivable reduction to paid-in-capital				$ 28,333
Orchid Island Capital Partners LP [Member]
Subscription Agreement (Textual)
Restricted common stock issued under Stock Purchase Agreement, shares		111,112
Restricted common stock issued under Stock Purchase Agreement		$ 100,000
Private Placement [Member]
Subscription Agreement (Textual)
Proceeds from issuance of private placement			$ 71,667
Subscription received			$ 100,000

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Leases (Textual)
Monthly rent for office space	$ 55,417	$ 56,816
Office space in Manhattan, NY [Member]
Leases (Textual)
Monthly rent for office space	6,000
Office space in Miami, Florida [Member]
Leases (Textual)
Monthly rent for office space	$ 630

Equity (Details Textual)

Equity (Details Textual) - USD ($)	Apr. 24, 2015	Aug. 07, 2013	Aug. 02, 2013	Jun. 10, 2013	Oct. 31, 2014	May. 31, 2015	May. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized						500,000,000	50,000,000
Proceeds from the issuance of common stock						$ 5,000	$ 70,500
Common stock, par value						$ 0.001	$ 0.001
Accredited Investors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares issued		235,000			25,000
Proceeds from the issuance of common stock		$ 70,500			$ 5,000
Common stock, price per share		$ 0.30			$ 0.20
Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reverse stock split, description	Company's Board of Directors approved a One (1) for Ten (10) reverse stock split of the Registrant's authorized and issued and outstanding par value $.001 per share common stock (the "Reverse Stock Split"). Under the terms of the Reverse Stock Split, (i) each Ten (10) shares of common stock held by the Registrant's shareholders shall be reclassified and converted to One (1) common share, (ii) the number of shares of common stock authorized by the Registrant's Articles of Incorporation shall be reduced from 500,000,000 shares to 50,000,000 shares.
Restricted common stock issued, shares			50,000	32,500
Restricted common stock issued			$ 25,000	$ 29,250
Common stock, par value	$ 0.001

Contingent Employee Bonus (Deta

Contingent Employee Bonus (Details) - Deferred Bonus [Member] - USD ($)	12 Months Ended
	May. 31, 2015	May. 31, 2014
Contingent Employee Bonus (Textual)
Compensation, Description	Management estimates that it is probable the Company will settle with the employee for a $130,000 bonus for past services.
Accrued compensation	$ 4,000	$ 130,000