Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Aug. 31, 2019 | Oct. 04, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | WEWARDS, INC. | |
Entity Central Index Key | 0001616156 | |
Document Type | 10-Q | |
Document Period End Date | Aug. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --05-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 107,483,450 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2020 | |
Entity Interactive Data Current | Yes | |
Entity Incorporation State Code | NV | |
Entity File Number | 000-55957 | |
Is Entity's Reporting Status Current? | Yes |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Aug. 31, 2019 | May 31, 2019 |
Current Assets | ||
Cash | $ 4,318,218 | $ 4,508,397 |
Prepaid expenses | 25,000 | |
Total current assets | 4,318,218 | 4,533,397 |
Right of use asset | 509,212 | 540,433 |
Total Assets | 4,827,430 | 5,073,830 |
Current Liabilities | ||
Accounts payable | 100 | 329 |
Accrued interest - related party | 1,046,850 | 912,123 |
Due to related parties | 225,272 | 225,272 |
Operating lease obligation | 131,296 | 128,705 |
Total Current Liabilities | 1,403,518 | 1,266,429 |
Long Term Liabilities: | ||
Convertible Notes Payable - related party | 10,500,000 | 10,500,000 |
Operating lease obligation - noncurrent portion | 377,916 | 411,729 |
Total Liabilities | 12,281,434 | 12,178,158 |
Stockholders' Deficit: | ||
Preferred stock, par value $0.001; 50,000,000 shares authorized, no shares issued | ||
Common stock, par value $0.001; 500,000,000 shares authorized, 107,483,450 and 107,483,450 shares issued and outstanding; respectively | 107,483 | 107,483 |
Additional paid in capital | 5,083,348 | 5,083,348 |
Accumulated deficit | (12,644,835) | (12,295,159) |
Total Stockholders' Deficit | (7,454,004) | (7,104,328) |
Total Liabilities and Stockholders' Deficit | $ 4,827,430 | $ 5,073,830 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2019 | May 31, 2019 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, share issued | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 107,483,450 | 107,483,450 |
Common stock, shares outstanding | 107,483,450 | 107,483,450 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Aug. 31, 2019 | Aug. 31, 2018 | |
Income Statement [Abstract] | ||
Revenue | ||
Operating Expenses: | ||
General and administrative | 191,703 | 223,458 |
General and administrative - related party | 87,500 | |
Rent expense - related party | 45,000 | 45,000 |
Total expenses | 236,703 | 355,958 |
Other income (expense): | ||
Interest expense - related party | (134,727) | (157,877) |
Interest income | 21,754 | 13,119 |
Total other expense | (112,973) | (144,758) |
Loss before provision for income taxes | (349,676) | (500,716) |
Provision for Income Taxes | ||
Net Loss | $ (349,676) | $ (500,716) |
Net loss per share, basic and diluted | $ 0 | $ 0 |
Weighted average shares outstanding, basic and diluted | 107,483,450 | 102,184,537 |
STATEMENT OF STOCKHOLDERS' EQUI
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning balance at May. 31, 2018 | $ 88,733 | $ 3,171,197 | $ (9,910,942) | $ (6,651,012) | |
Beginning balance, shares at May. 31, 2018 | 88,733,450 | ||||
Stock issued for conversion of debt - related party | $ 18,750 | 1,481,250 | 1,500,000 | ||
Stock issued for conversion of debt - related party, Shares | 18,750,000 | ||||
Forgiveness of accrued interest - related party | 430,902 | 430,902 | |||
Net loss | (500,716) | (500,716) | |||
Ending balance at Aug. 31, 2018 | $ 107,483 | 5,083,349 | (10,411,658) | (5,220,826) | |
Ending balance, shares at Aug. 31, 2018 | 107,483,450 | ||||
Beginning balance at May. 31, 2019 | $ 107,483 | 5,083,349 | $ (7,104,328) | ||
Beginning balance, shares at May. 31, 2019 | 107,483,450 | 107,483,450 | |||
Stock issued for conversion of debt - related party | $ 1,500,000 | ||||
Forgiveness of accrued interest - related party | |||||
Net loss | $ (349,676) | (349,676) | |||
Ending balance at Aug. 31, 2019 | $ 107,483 | $ 5,083,349 | $ (7,454,004) | ||
Ending balance, shares at Aug. 31, 2019 | 107,483,450 | 107,483,450 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Aug. 31, 2019 | Aug. 31, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (349,676) | $ (500,716) |
Changes in assets and liabilities: | ||
Prepaid expenses | 25,000 | 87,510 |
Accounts payable | (229) | (114,895) |
Accrued interest - related party | 134,726 | 157,868 |
Cash flows used in operating activities | (190,179) | (370,233) |
Cash flows from investing activities: | ||
Capitalized software development costs | (432,200) | |
Cash flows used in investing activities | (432,200) | |
Cash flows from financing activities: | ||
Proceeds from a related party | 35,000 | |
Repayment of related party notes | (5,000,000) | |
Cash flows provided by (used in) financing activities | (4,965,000) | |
Net increase (decrease) in cash | (190,179) | (5,767,433) |
Cash, beginning of period | 4,508,397 | 10,794,298 |
Cash, end of period | 4,318,218 | 5,026,865 |
Supplemental cash flow information: | ||
Interest paid | ||
Income taxes paid | ||
Supplemental disclosure of non-cash activity: | ||
Related party debt converted to common stock | 1,500,000 | |
Forgiveness of accrued interest, related party, classified to additional paid in capital | $ 430,902 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 3 Months Ended |
Aug. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Wewards, Inc. (formerly Global Entertainment Clubs, Inc.) (“Wewards”, “the Company”) was incorporated in the state of Nevada on September 10, 2013 as Betafox Corp., with the initial intent to manufacture and sell color candles. On April 26, 2015, Giorgos Kallides (the “Seller”), entered into an Agreement for the Purchase of Common Stock (the “Stock Purchase Agreement”) with Future Continental Limited, (“Purchaser”) pursuant to which the Seller agreed to sell to Purchaser, six million (6,000,000) shares of common stock of the Company (the “Shares”) owned by the Seller, constituting approximately 73.8% of the Company’s 8,130,000 issued and outstanding common shares, for $340,000. The sale was consummated on May 11, 2015. As a result of the transfer of the shares, there was a change of control of the Company. The Company’s corporate office is located in Las Vegas, Nevada. January 8, 2018, by consent of Lei Pei, the principal shareholder, the Company changed its corporate name in Nevada to Wewards, Inc. The Company’s trading symbol is now WEWA. On August 6, 2016 the Company signed Statements of Work (“SOWs”) with Intellectsoft LLC, an unaffiliated company, to perform services for the development and administration of websites to support a mobile app which will enable consumers to purchase goods and earn rebates in the form of Bitcoin, and merchants will be able to sell their goods directly to the users, using this platform. The SOWs provide that after this mobile app has been developed, Intellectsoft LLC will then proceed to phase 2, which is intended to be the development of this app for white-label operators. As of May 31, 2019, The Merchant Platform (the “Platform”) has been developed by the Company, which is the owner of the Platform. Development of the Platform began in 2016, and has now been completed, subject to further improvements; however, no license agreement has yet been signed by the Company, and no revenues have been generated. The Platform provides an innovative Bitcoin rewards ecosystem. It transforms the traditional concept of ecommerce, or commerce in general, into a concept of a cooperative society where both merchants and consumers are collaborating and Bitcoin will serve as the reward system, to acknowledge the value created by the consumers for their contribution. The ecosystem provides consumers with rewards each time they complete a challenge defined by a merchant. This is intended to make the ecommerce process beneficial to everyone, and to help distribute commercial wealth among and between the merchants and consumers. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Aug. 31, 2019 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of August 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended May 31, 2019 filed with the SEC. Use of Estimates The preparation of 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended August 31, 2019. Software development costs The Company expenses software development costs, including costs to develop software products or the software component of products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products. Software development costs also include costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed, and the software will be used to perform the function intended. Capitalization ends, and amortization begins when the product is available for general release to customers. Impairment of Intangible Assets The Company reviews intangible assets for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. The Company measures recoverability of these assets by comparing the carrying amounts to the future undiscounted cash flows that the assets or the asset group are expected to generate. If the carrying value of the assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value of the asset exceeds its fair value. Recently Adopted Accounting Standards The Company has reviewed other recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Aug. 31, 2019 | |
Loan commitment | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Although the Company currently has $4,318,218 of cash as of August 31, 2019, it also has total liabilities of $12,281,434 and has not completed its efforts to establish a stabilized source of revenues sufficient to cover its operating costs over an extended period of time. The Company has had no revenues since inception and has an accumulated deficit of $12,644,835. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may result from the outcome of these uncertainties. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses until its planned operations begin to generate revenue. The Company is in the process of signing their first customers and is expecting to recognize its first revenue by the end of the second quarter. |
RELATED PARTY LOANS
RELATED PARTY LOANS | 3 Months Ended |
Aug. 31, 2019 | |
Debt Disclosure [Abstract] | |
RELATED PARTY LOANS | NOTE 4 – RELATED PARTY LOANS As of August 31, 2019 and May 31, 2019, the Company owed EDG Development, a company owned by Mr. Pei, $70,740 and $70,740, respectively. All funds expended to date have been used for professional fees, and for other general operating purposes. The loans are unsecured, non-interest bearing and due on demand. As of August 31, 2019 and May 31, 2019, the Company owed F&L Galaxy, Inc., (a Company owned by Mr. Pei), $12,582 and $12,582, respectively for software development expense. The loan is unsecured, non-interest bearing and due on demand. As of August 31, 2019 and May 31, 2019, the Company owed Mr. Pei $141,950 and $141,950, respectively. All funds expended to date have been used for professional fees, and for other general operating purposes. The loans are unsecured, non-interest bearing and due on demand. For the three months ended August 31, 2019 and 2018, the Company accrued interest at 5% on the above loans for interest expense of $2,398 and $2,398, respectively. On March 1, 2018, the Company began occupying its new corporate headquarters at 2960 West Sahara Avenue, Las Vegas, NV 89102. The Company signed a five-year sublease with United Power, Inc. (“Power”), an affiliate of the Company by reason of common ownership with Lei Pei, the Company’s sole officer and director and majority shareholder, at a base monthly rent of $15,000, plus a possible increase of up to 3% each year based on increases, if any, of the Consumer Price Index. The building is owned by Future Property Limited (“Future”), another affiliate of the Company because of common ownership; Future entered into a lease with Power, and the Company then sublet the space from Power. The Company is occupying the space for executive and administrative offices. Rent expense for the three months ended was $45,000 and $45,000, respectively. Convertible Promissory Notes February 26, 2017, Sky Rover agreed to loan up to an additional $20,000,000 to the Company, of which $8,000,000 was loaned on February 28, 2017. Sky Rover was issued an unsecured, 5%, convertible promissory note which is due on February 26, 2020, and is, in whole or in part, at the option of the holder, convertible into common shares at any time before the due date, at a conversion price of $0.08 per share (subject to adjustment in the event of stock splits, forward splits, recapitalizations, a merger, etc.). At the option of the Company, the interest may also be paid by issuing restricted shares of common stock, at the same conversion price per share. On June 26, 2018, the Company repaid the $4,000,000 of the loan. In addition, Sky Rover converted $1,500,000 into the common shares, at the Notes’ conversion price of $.08 per share. As a result of this conversion, the Company issued a total of 18,750,000 shares. Sky Rover waived accrued and unpaid interest of $363,904, which has been credited to additional paid in capital. As of August 31, 2019, there is $2,500,000 and $314,125 of principal and accrued interest, respectively, due on this loan. On November 20, 2017, Sky Rover loaned the remaining $8,000,000 to the Company. Sky Rover was issued an unsecured, 5%, convertible promissory note which is due on November 20, 2020, and is, in whole or in part, at the option of the holder, convertible into common shares at any time before the due date, at a conversion price of $0.08 per share (subject to adjustment in the event of stock splits, forward splits, recapitalizations, a merger, etc.). At the option of the Company, the interest may also be paid by issuing restricted shares of common stock, at the same conversion price per share. As of August 31, 2019 there is $711,233 of accrued interest on this loan. If and when Sky Rover converts the remaining $10,500,000 of Notes at the present conversion price of $.08 per share to 131,250,000 shares, those shares, plus the approximate 101,353,450 shares Mr. Pei currently owns, would give him beneficial ownership of 232,603,450 of the Company’s 238,733,450 then-issued and outstanding shares (assuming that no other shares are issued before conversion), which would be approximately 97.4% of the then-outstanding shares. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Aug. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – COMMITMENTS AND CONTINGENCIES On March 9, 2018, the Company entered into a sublease agreement for office space in Las Vegas, NV, with United Power, a related party. The lease is considered an operating lease, requires monthly payments of $15,000 and expires March 8, 2023. We have accounted for the lease under ASU 842 Leases, as follows. Balance Sheet Classification August 31, 2019 Asset Operating lease asset Right of use asset $ 509,212 Total lease asset $ 509,212 Liability Operating lease liability – current portion Current operating lease liability $ 131,296 Operating lease liability – noncurrent portion Long-term operating lease liability 377,916 Total lease liability $ 509,212 Lease obligations at August 31, 2019 consisted of the following: For the year ended May 31: 2020 $ 135,000 2021 180,000 2022 180,000 2023 135,000 Total payments $ 630,000 Amount representing interest $ (120,788 ) Lease obligation, net 509,212 Less current portion (131,296 ) Lease obligation – long term $ 377,916 The lease expense for the three months ended August 31, 2019 was $45,000 which consisted of amortization expense of $31,221 and interest expense of $13,779 after the adoption of the new lease standard on January 1, 2019. The cash paid under this operating lease during three months ended August 31, 2019 was $45,000. We have used a discount rate of 8%. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Aug. 31, 2019 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Aug. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of August 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended May 31, 2019 filed with the SEC. |
Use of Estimates | Use of Estimates The preparation of 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Software Development costs | Software development costs The Company expenses software development costs, including costs to develop software products or the software component of products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products. Software development costs also include costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed, and the software will be used to perform the function intended. Capitalization ends, and amortization begins when the product is available for general release to customers. |
Impairment of Intangible Assets | Impairment of Intangible Assets The Company reviews intangible assets for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. The Company measures recoverability of these assets by comparing the carrying amounts to the future undiscounted cash flows that the assets or the asset group are expected to generate. If the carrying value of the assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value of the asset exceeds its fair value. |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended August 31, 2019. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Recent Accounting Pronouncements | Recently Adopted Accounting Standards The Company has reviewed other recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position. |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended |
Aug. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Lease Components | We have accounted for the lease under ASU 842 Leases, as follows. Balance Sheet Classification August 31, 2019 Asset Operating lease asset Right of use asset $ 509,212 Total lease asset $ 509,212 Liability Operating lease liability – current portion Current operating lease liability $ 131,296 Operating lease liability – noncurrent portion Long-term operating lease liability 377,916 Total lease liability $ 509,212 |
Minimum Future Lease Payments | Lease obligations at August 31, 2019 consisted of the following: For the year ended May 31: 2020 $ 135,000 2021 180,000 2022 180,000 2023 135,000 Total payments $ 630,000 Amount representing interest $ (120,788 ) Lease obligation, net 509,212 Less current portion (131,296 ) Lease obligation – long term $ 377,916 |
ORGANIZATION AND NATURE OF BU_2
ORGANIZATION AND NATURE OF BUSINESS (Details) - USD ($) | 1 Months Ended | |||
Apr. 30, 2015 | Aug. 31, 2019 | May 31, 2019 | Apr. 26, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Number of common shares sold through stock purchase agreement | 6,000,000 | |||
Percentage of issued and outstanding stock sold through stock purchase agreement | 73.80% | |||
Common stock, shares issued | 107,483,450 | 107,483,450 | 8,130,000 | |
Common stock, shares outstanding | 107,483,450 | 107,483,450 | 8,130,000 | |
Proceeds from issuance of common stock | $ 340,000 |
GOING CONCERN (Details)
GOING CONCERN (Details) - USD ($) | 3 Months Ended | |||
Aug. 31, 2019 | Aug. 31, 2018 | May 31, 2019 | May 31, 2018 | |
Loan commitment | ||||
Cash | $ 4,318,218 | $ 5,026,865 | $ 4,508,397 | $ 10,794,298 |
Total Liabilities | 12,281,434 | 12,178,158 | ||
Accumulated deficit | 12,644,835 | 12,295,159 | ||
Revenue | ||||
Total Stockholders' Deficit | $ 7,454,004 | $ 5,220,826 | $ 7,104,328 | $ 6,651,012 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - USD ($) | Jun. 26, 2018 | Nov. 20, 2017 | Feb. 28, 2017 | Aug. 31, 2019 | Aug. 31, 2018 | May 31, 2019 | Feb. 26, 2017 |
Related Party Transaction [Line Items] | |||||||
Due to a related party | $ 225,272 | $ 225,272 | |||||
Proceeds from a related party | $ 35,000 | ||||||
Prepaid expense | 25,000 | ||||||
Convertible Notes Payable - Related Party | 10,500,000 | 10,500,000 | |||||
Accrued interest | 1,046,850 | 912,123 | |||||
Interest expense | 134,727 | 157,877 | |||||
Monthly base rent | 15,000 | ||||||
Rent expense | 45,000 | 45,000 | |||||
Stock issued for conversion of debt | 1,500,000 | 1,500,000 | |||||
Repayment of related party loan | 5,000,000 | ||||||
Sky Rover Holdings, Ltd. [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Convertible Notes Payable - Related Party | 2,500,000 | ||||||
Accrued interest | 314,125 | ||||||
Accrued and upaid interest waived | $ 363,904 | ||||||
Shares issued in conversion | 18,750,000 | ||||||
Sky Rover Holdings, Ltd. [Member] | Convertible promissory note [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock issued for conversion of debt | $ 1,500,000 | ||||||
Repayment of related party loan | $ 4,000,000 | ||||||
CEO [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Due to a related party | $ 141,950 | $ 141,950 | |||||
Interest rate | 5.00% | 5.00% | |||||
Interest expense | $ 2,398 | $ 2,398 | |||||
Shares of restricted stock issued if convertible debt is converted | 131,250,000 | ||||||
Current number of shares owned | 101,353,450 | ||||||
Number of shares owned if debt converted | 232,603,450 | ||||||
Number of shares outstanding if debt converted | 238,733,450 | ||||||
Percentage of shares owned if debt converted | 97.40% | ||||||
CEO [Member] | EDG Development [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Due to a related party | $ 70,740 | $ 70,740 | |||||
CEO [Member] | F&L Galaxy, Inc. [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Due to a related party | 12,582 | $ 12,582 | |||||
CEO [Member] | Sky Rover Holdings, Ltd. Transaction Three [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Proceeds from a related party | $ 8,000,000 | ||||||
Interest rate | 5.00% | ||||||
Maturity date | Feb. 26, 2020 | ||||||
Conversion price | $ 0.08 | ||||||
CEO [Member] | Sky Rover Holdings, Ltd. [Member] | Maximum [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Loan commitment | $ 20,000,000 | ||||||
CEO [Member] | Sky Rover Holdings, Ltd. Transaction Four [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Proceeds from a related party | $ 8,000,000 | ||||||
Interest rate | 5.00% | ||||||
Maturity date | Nov. 20, 2020 | ||||||
Conversion price | $ 0.08 | ||||||
Accrued interest | $ 711,233 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) | 3 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | May 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |||
Right of use asset | $ 509,212 | $ 540,433 | |
Rent expense - related party | 45,000 | $ 45,000 | |
Lease amortization | 31,221 | ||
Lease interest expense | $ 13,779 | ||
Discount rate | 8.00% | ||
2020 | $ 135,000 | ||
2021 | 180,000 | ||
2022 | 180,000 | ||
2023 | 135,000 | ||
Total | 630,000 | ||
Amount representing interest | (120,788) | ||
Lease obligation, net | 509,212 | ||
Less current portion | (131,296) | (128,705) | |
Lease obligation - long term | 377,916 | $ 411,729 | |
Monthly base rent | $ 15,000 |