Cannabis Suisse (CSUI) 10-Q 19 Apr 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Feb. 28, 2023	Apr. 19, 2023
Details
Registrant CIK	0001680132
Fiscal Year End	--05-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 28, 2023
Document Transition Report	false
Entity File Number	333-213009
Entity Registrant Name	CANNABIS SUISSE CORP.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	38-3993849
Entity Address, Address Line One	10 North Newnan Street, Suite A
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	595 5820
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,254,938
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Feb. 28, 2023	May 31, 2022
Current Assets
Cash in Escrow Account	$ 5,083	$ 0
Total Current Assets	5,083	0
Property and Equipment, net	29,917	0
Operating Leases Right of Use Assets	327,428	0
TOTAL ASSETS	362,428	0
Current Liabilities
Accounts Payable	4,795	883
Accrued Expenses	4,725	136,620
Advances From Related Parties	16,659	1,589
Convertible Notes Payable	135,000	135,000
Operating Lease Liabilities - Short-term	103,877	0
Total Current Liabilities	265,056	274,092
Convertible Notes Payable - Related party	135,000	0
Operating Lease Liabilities - Long-term	234,603	0
Total Liabilities	634,659	274,092
Stockholders' Deficit
Preferred Stock Value	5,000	5,000
Common stock, par value $0.001; 250,000,000 shares authorized, 44,254,938 and 40,654,938 shares issued and outstanding as of February 28, 2023, and May 31, 2022, respectively	44,255	40,655
Additional Paid-In-Capital	1,055,589	742,997
Unearned Compensations	(30,000)	0
Accumulated Deficit	(1,347,075)	(1,062,744)
Total Stockholders' Deficit	(272,231)	(274,092)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 362,428	$ 0

CONDENSED BALANCE SHEETS - Pare

CONDENSED BALANCE SHEETS - Parenthetical - $ / shares	Feb. 28, 2023	May 31, 2022
CONDENSED BALANCE SHEETS
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	5,000,000	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	44,254,938	40,654,938

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
REVENUES
Revenue	$ 2,500	$ 0	$ 2,500	$ 7,770
Gross Profit (Loss)	208	0	208	6,036
OPERATING EXPENSES
Development costs	0	0	0	6,487
General and administrative expenses	112,900	36,663	134,471	109,928
Professional fees	42,299	3,918	142,160	22,304
Depreciation	1,061	543	3,183	1,706
TOTAL OPERATING EXPENSES	156,260	41,124	279,814	140,425
OPERATING LOSS	(156,052)	(41,124)	(279,606)	(134,389)
Interest expense, net	(4,050)	(772)	(4,725)	(63,579)
Change in fair value of derivative liability	0	(938)	0	902
Gain (loss) on extingquishment of debt	0	0	0	(48,616)
LOSS BEFORE INCOME TAXES	(160,102)	(42,854)	(284,331)	(245,682)
PROVISION FOR INCOME TAXES	0	0	0	0
Net Income (Loss)	$ (160,102)	$ (42,854)	$ (284,331)	$ (245,682)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ (0.01)	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	42,553,839	31,091,975	41,287,905	31,091,975
Revenue from sales of goods
REVENUES
Revenue	$ 0	$ 0	$ 0	$ 7,770
Cost of Revenues	0	0	0	1,734
Rental Income
REVENUES
Revenue	2,500	0	2,500	0
Cost of Revenues	$ 2,292	$ 0	$ 2,292	$ 0

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Deferred Compensation, Share-Based Payments	Retained Earnings	Total
Equity Balance at May. 31, 2021	$ 0	$ 34,500	$ 652,860	$ 0	$ (874,854)	$ (187,494)
Equity Balance, Shares at May. 31, 2021	0	34,500,000
Conversion of debt to shares, value	$ 0	$ 1,034	63,601	0	0	64,635
Conversion of debt to shares, shares	0	1,034,561
Conversion of shares, value	$ 5,000	$ (5,000)	0	0	0	0
Conversion of shares, shares	5,000,000	(5,000,000)
Net income (loss) for the period	$ 0	$ 0	0	0	(129,647)	(129,647)
Equity Balance at Aug. 31, 2021	$ 5,000	$ 30,534	716,461	0	(1,004,501)	(252,506)
Equity Balance, Shares at Aug. 31, 2021	5,000,000	30,534,561
Equity Balance at May. 31, 2021	$ 0	$ 34,500	652,860	0	(874,854)	(187,494)
Equity Balance, Shares at May. 31, 2021	0	34,500,000
Net income (loss) for the period						(245,682)
Equity Balance at Feb. 28, 2022	$ 5,000	$ 34,092	774,955	0	(1,120,535)	(306,488)
Equity Balance, Shares at Feb. 28, 2022	5,000,000	34,091,975
Contribution of assets						0
Equity Balance at Aug. 31, 2021	$ 5,000	$ 30,534	716,461	0	(1,004,501)	(252,506)
Equity Balance, Shares at Aug. 31, 2021	5,000,000	30,534,561
Conversion of debt to shares, value	$ 0	$ 558	31,494	0	0	32,052
Conversion of debt to shares, shares	0	557,414
Net income (loss) for the period	$ 0	$ 0	0	0	(73,180)	(73,180)
Equity Balance at Nov. 30, 2021	$ 5,000	$ 31,092	747,955	0	(1,077,681)	(293,634)
Equity Balance, Shares at Nov. 30, 2021	5,000,000	31,091,975
Conversion of debt to shares, value	$ 0	$ 3,000	27,000	0	0	30,000
Conversion of debt to shares, shares	0	3,000,000
Net income (loss) for the period	$ 0	$ 0	0	0	(42,854)	(42,854)
Equity Balance at Feb. 28, 2022	$ 5,000	$ 34,092	774,955	0	(1,120,535)	(306,488)
Equity Balance, Shares at Feb. 28, 2022	5,000,000	34,091,975
Equity Balance at May. 31, 2022	$ 5,000	$ 40,655	742,997	0	(1,062,744)	(274,092)
Equity Balance, Shares at May. 31, 2022	5,000,000	40,654,938
Net income (loss) for the period	$ 0	$ 0	0	0	(94,179)	(94,179)
Equity Balance at Aug. 31, 2022	$ 5,000	$ 40,655	915,189	0	(1,156,923)	(196,079)
Equity Balance, Shares at Aug. 31, 2022	5,000,000	40,654,938
Conversion of Accrued Wages to Equity	$ 0	$ 0	139,092	0	0	139,092
Contribution of assets	0	0	33,100	0	0	33,100
Equity Balance at May. 31, 2022	$ 5,000	$ 40,655	742,997	0	(1,062,744)	(274,092)
Equity Balance, Shares at May. 31, 2022	5,000,000	40,654,938
Net income (loss) for the period						(284,331)
Equity Balance at Feb. 28, 2023	$ 5,000	$ 44,255	1,055,589	(30,000)	(1,347,075)	(272,231)
Equity Balance, Shares at Feb. 28, 2023	5,000,000	44,254,938
Contribution of assets						33,100
Equity Balance at Aug. 31, 2022	$ 5,000	$ 40,655	915,189	0	(1,156,923)	(196,079)
Equity Balance, Shares at Aug. 31, 2022	5,000,000	40,654,938
Net income (loss) for the period	$ 0	$ 0	0	0	(30,050)	(30,050)
Equity Balance at Nov. 30, 2022	$ 5,000	$ 40,655	882,089	0	(1,186,973)	(226,129)
Equity Balance, Shares at Nov. 30, 2022	5,000,000	40,654,938
Net income (loss) for the period	$ 0	$ 0	0	0	(160,102)	(160,102)
Equity Balance at Feb. 28, 2023	$ 5,000	$ 44,255	1,055,589	(30,000)	(1,347,075)	(272,231)
Equity Balance, Shares at Feb. 28, 2023	5,000,000	44,254,938
Issuance of stock for services, value	$ 0	$ 3,600	$ 140,400	$ (30,000)	$ 0	$ 114,000
Issuance of stock for services, shares	0	3,600,000				3,600,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Cash Flows from Operating Activities
Net Income (Loss)	$ (284,331)	$ (245,682)
Adjustments to reconcile net loss to net cash provided by operations
Depreciation, cash flows	3,183	1,706
Stock Payment for Services	114,000	0
Amortization of Right-of-use Assets	3,163	0
Amortization of Debt Discount	0	63,579
Gain (loss) on extingquishment of debt	0	48,616
Change in Fair Value of Derivative Liabilities	0	(902)
Changes in assets and liabilities
Increase (decrease) in accounts receivable	0	(3,273)
Increase (decrease) in inventory	0	1,734
Increase (decrease) in prepaid expenses	0	(6,512)
Increase (decrease) in accounts payable	4,795	0
Increase (decrease) in accrued expenses	4,725	108,000
Increase (decrease) in operating lease liabilities	7,889	0
Net cash used in Operating Activities	(146,576)	(32,734)
Net Cash Flows from Financing Activities
Proceeds from related party advances	16,659	2,234
Proceeds from convrtible notes	135,000	30,500
Net cash provided by Financing Activities	151,659	32,734
Net cash increase (decrease) for period	5,083	0
Cash at beginning of period	0	0
Cash at end of period	5,083	0
Supplemental Information
Cash paid for taxes	0	0
Cash paid for interest	0	0
Noncash Investing and Financing Information
Operating Lease Right-of-use Assets Exchanged for Operating Leases	330,591	0
Conversion of accrued wages to equity	139,092	0
Contribution of assets	$ 33,100	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE	9 Months Ended
	Feb. 28, 2023
Notes
ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE	NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS The Company is engaged in the business of production of OTC (over-the-counter) products - for example CBD oils, retail branded cigarettes and also some health-related supplements. We use various distribution channels for various types of customers. The Company’s products can be sold to both corporate customers and individual clients. In late May 2022, the former shareholder signed an agreement to sell all his stock to Mr. Scott McAlister. The stock purchase agreement was closed in early June 2022. Since the ownership change, the Company started its real estate business, and in February 2023, the Company leased two properties and one of them has been leased out for rental revenue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Feb. 28, 2023
Notes
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The summary of significant accounting policies of the Company is presented to assist in understanding the Company’s condensed interim financial statements. The condensed interim financial statements and notes are representations of the Company’s management, who is responsible for integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (gaap) and have been consistently applied in the preparation of the unaudited condensed financial statements. The Company’s year-end is May 31. The financial information furnished herein reflects all adjustments, consisting of normal recurring items that, in the opinion of management, are necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods. The results of operations for the nine months ended February 28, 2023 are not necessarily indicative of the results to be expected for the year ending May 31, 2023. The information included in this Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended May 31, 2022. Use of Estimates The preparation of the unaudited condensed financial statements in conformity with GAAP 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $5,083 in its escrow account and $0 of cash and cash equivalents as of February 28, 2023 and May 31, 2022, respectively. The funds in the escrow account can be released for the Company’s operations without restriction. Accounts Receivable The Company records accounts receivable at the time products and services are delivered. An allowance for losses is established through a provision for losses charged to expenses. Receivables are charged against the allowance for losses when management believes collectability is unlikely. The allowance (if any) is an amount that management believes will be adequate to absorb estimated losses on existing receivables. The allowance for losses was $0 as of February 28, 2023, and May 31, 2022. Property and equipment Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided over the assets’ estimated useful lives, using the straight-line method. Estimated useful lives of the plant and equipment are as follows: Equipment, Furniture and Fixtures 5-10 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statements of operations. The cost of maintenance and repairs is charged to the statements of operations as incurred, whereas significant renewals and betterments are capitalized. Leases The Company adopts the accounting for leases under Accounting Standards Codification (ASC) 842 Lease Accounting and determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, and operating lease liabilities (short term and long term) in the Company’s condensed balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The Company uses the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Impairment of Long-Lived Assets The Company evaluates the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Our evaluation is based on an assessment of potential indicators of impairment, such as an adverse change in the business climate that could affect the value of an asset, current or forecasted operating or cash flow losses that demonstrate continuing losses associated with the use of an asset, and a current expectation that, more likely than not, an asset will be disposed of before the end of its previously estimated useful life. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the nine months ended February 28, 2023 and 2022, the Company recognized an impairment of long-lived assets in the amount of $0, respectively. Income Taxes The Company accounts for its income taxes in accordance with ASC 740, Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and carry forwards. 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 operations in the period that includes the enactment date. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Update (ASU) 2014-09, Revenue from contracts with customers (Topic 606). Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the considerations that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers at a point in time, typically upon delivery. Cost of Goods Sold Cost of goods sold includes direct costs of selling items, direct labor cost, rent expense and electricity. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 Earnings per Share. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of February 28, 2023 and May 31, 2022, there were no potentially dilutive debt or equity instruments issued or outstanding. Recent Accounting Pronouncements There have been no recent accounting pronouncements or changes in accounting pronouncements during the nine months ended February 28, 2023, that are of significance or potential significance to the Company.

Going Concern Disclosure

Going Concern Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Going Concern Disclosure	NOTE 3 - GOING CONCERN The accompanying condensed financial statements have been prepared in conformity with GAAP, which contemplate continuation of the Company as a going concern. However, the Company had limited revenues and recurring losses as of February 28, 2023. The Company has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Property and Equipment Disclosu

Property and Equipment Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Property and Equipment Disclosure	NOTE 4 - PROPERTY AND EQUIPMENT Property and Equipment: February 28, 2023 May 31, 2022 Office equipment $ 1,400 $ - Furniture 31,700 - Accumulated depreciation (3,183) - $ 29,917 $ - For the three months ended February 28, 2023 and 2022, the Company recognized depreciation expense in the amount of $1,061 and $543, respectively. For the nine months ended February 28, 2023 and 2022, the Company recognized depreciation expense in the amount of $3,183 and $1,706, respectively.

Commitments and Contingencies D

Commitments and Contingencies Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Commitments and Contingencies Disclosure	NOTE 5 - COMMITMENTS AND CONTINGENCIES During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with ASC 450-20-50, Contingencies. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of February 28, 2023, the Company is not aware of any contingent liabilities that should be reflected in the condensed financial statements.

Related Party Transactions Disc

Related Party Transactions Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Related Party Transactions Disclosure	NOTE 6 - RELATED PARTY TRANSACTIONS The Company’s former President, Suneetha Nandana Silva Sudusinghe, agreed to provide interest free advances, due on demand, to the Company up to $100,000. For the nine months ended February 28, 2023, and 2022, Suneetha Nandana Silva Sudusinghe advanced to the Company $0 and $2,234, respectively. In June 2022, the ownership changed, and the current major shareholder took the position of the president. For the nine months ended February 28, 2023, and 2022, the current president advanced to the Company $16,659 and $0, respectively. In November 2022, the Company issued a convertible note payable to the major shareholder in the amount of $135,000 to pay off the funds advanced from and the operating expenses paid by the shareholder. See Note 7 Convertible Notes Payable for terms and conditions. As of February 28, 2023 and May 31, 2022, the balances of advances from related parties were $16,659 and $1,589, respectively. In June 2022, the major stockholder made contributions of office equipment and furniture to the Company. The total value of the contributions was $33,100.

CONVERTIBLE DEBT DISCLOSURE

CONVERTIBLE DEBT DISCLOSURE	9 Months Ended
	Feb. 28, 2023
Notes
CONVERTIBLE DEBT DISCLOSURE	NOTE 7 - CONVERTIBLE NOTES PAYABLE On April 1, 2021, Suneetha Nandana Silva Sudusinghe assigned Serhii Cherniienko $60,000 of his loan to Cannabis Suisse Corp. The Agreement contains a provision that allows Serhii Cherniienko to convert the loan to common stock at a fixed price of $0.01 per share. Beneficial conversion feature was $60,000. Of the $60,000, $30,000 was converted to equity in December 2021, and the rest of $30,000 was assigned to Okie LLC. In November 2022, Okie LLC assigned the convertible note to Clifford Koschnick for consideration. On April 15, 2021, Suneetha Nandana Silva Sudusinghe assigned Noi Tech LLC $30,000 of his loan to Cannabis Suisse Corp. The Agreement contains a provision that allows Noi Tech LLC to convert the loan to common stock at a fixed price of $0.01 per share. Beneficial conversion feature was $30,000. The note was assigned to Okie LLC with a $10,000 discount in May 2022. In November 2022, Okie LLC assigned the convertible note to Clifford Koschnick for consideration. In May 2022, Alain Parrik assigned his convertible note of $85,000 the Company owed him to Okie LLC. According to the note terms and conditions, the note can be converted to shares at a fixed price of $0.005 per share. In November 2022, Okie LLC assigned the convertible note to Scott McAlister for consideration. In November 2022, the Company issued a convertible promissory note in the principal of $135,000 to the Company’s CEO for funds he has advanced the Company for expenses. The Note has a term of four years, the interest rate is 12% and the conversion price is $0.04 per share.

Operating Leases Disclosure

Operating Leases Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Operating Leases Disclosure	NOTE 8 - LEASES In February 2023, the Company signed a lease to rent the office at 10 Newman Street, Jacksonville, FL 32202, with 10 N Newnan LLC, a related party owned by our CEO. The lease commencement date is February 1, 2023 and the lease term is thirty-six months. Based on the criteria and according to ASC 842, the Right-of-Use (ROU) asset is $194,758, and the lease liability and lease commitment is also the same amount. The monthly base rental payment is $6,469, and the Company has the option to pay all or a portion of the rent in shares of its common stock. In February 2023, the Company signed a lease to rent the property at 2652 Blanding Blvd, Jacksonville, FL 32210, with 2600 Blanding Blvd., LLC, a related party owned by our CEO. The lease commencement date is February 1, 2023 and the lease term is thirty-six months. Based on the criteria and according to ASC 842, the Right-of-Use (ROU) asset is $135,833, and the lease liability and lease commitment is also the same amount. The monthly base rental payment is $5,000 with incentives of free-rent for the first three months, and the Company has the option to pay all or a portion of the rent in shares of its common stock. In February 2023, the Company signed a sub-lease as the lessor to rent a portion of the property at 2652 Blanding Blvd to a third party private company. The monthly rent is $2,500 which will bring rental revenue of $30,000 annually. The term of the sub-lease is one year from February 2023 to January 2024. The following table summarizes the presentation in the Company’s balance sheet of its operating leases. As of February 28, 2023 Assets Operating Lease $ 330,591 Less: Accumulated Amortization (3,163) Total $ 327,428 Liabilities Lease liabilities - Short-term $ 103,877 Lease liabilities - Long-term 234,603 Total operating lease liabilities $ 338,480 Future minimum lease payments as of February 28, 2023: Lease commitments Mar 2023 - Feb 2024 $ 138,677 Mar 2024 - Feb 2025 137,625 Mar 2025 - Jan 2026 126,156 Total undiscounted lease payments 402,458 Imputed interest (63,978) Total operating lease liabilities $ 338,480

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	9 Months Ended
	Feb. 28, 2023
Notes
STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	NOTE 9 - STOCKHOLDERS’ EQUITY On March 17, 2021, the Board of Directors, along with the majority stockholder, resolved that the 5,000,000 preferred shares with voting rights of 1 to 10 shall be issued to Suneetha Nandana Silva Sudusinghe in exchange for 5,000,000 common shares that Suneetha Nandana Silva Sudusinghe owned previously. The 5,000,000 preferred shares were issued on July 21, 2021. On January 11, 2023, the Company issued 3,600,000 restricted shares at $0.04 per share to a consultant for services. The value of the 3,600,000 shares issued is $114,000.

Income Tax Disclosure

Income Tax Disclosure	9 Months Ended
	Feb. 28, 2023
Notes
Income Tax Disclosure	NOTE 10 - INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits. The Company has no tax position at February 28, 2023 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at February 28, 2023. The Company’s utilization of any net operating loss carryforward may be unlikely as a result of its intended activities. The valuation allowance at February 28, 2023 was $206,856. The net change in valuation allowance as of February 28, 2023, and May 31, 2022, was $56,396. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income 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 income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of February 28, 2023 and May 31, 2022. All tax years since inception remains open for examination only by taxing authorities of US Federal and state of Nevada. The Company has a net operating loss carryforward for tax purposes totaling $985,028 at February 28, 2023. According to current tax laws, the losses prior to 2018 can carryforward 20 years, and the losses in 2018 or later can carryforward indefinitely. The Company had losses of $43,526 prior to 2018 which can carryforward through fiscal year 2036. The losses of $941,502 in years of 2018 and later will carryforward indefinitely. There is a limitation on the amount of taxable income that can be offset by carryforwards after a change in control (generally greater than a 50% change in ownership). The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate of 21% to the income tax amount recorded as of February 28, 2023 and May 31, 2022 are as follows: February 28, 2023 May 31, 2022 Net operating loss carryforward $ (985,028) $ (716,474) Effective tax rate 21% 21% Deferred tax asset 206,856 150,460 Less: Valuation allowance (206,856) (150,460) Net deferred asset $ - $ -

SUBSEQUENT EVENTS DISCLOSURE

SUBSEQUENT EVENTS DISCLOSURE	9 Months Ended
	Feb. 28, 2023
Notes
SUBSEQUENT EVENTS DISCLOSURE	NOTE 11 - SUBSEQUENT EVENTS In accordance with FASB 165 (ASC 855), Subsequent Events, the Company has analyzed its operations subsequent to February 28, 2023 to the date these condensed financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these condensed financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Accounting, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Basis of Accounting, Policy	Basis of Presentation The summary of significant accounting policies of the Company is presented to assist in understanding the Company’s condensed interim financial statements. The condensed interim financial statements and notes are representations of the Company’s management, who is responsible for integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (gaap) and have been consistently applied in the preparation of the unaudited condensed financial statements. The Company’s year-end is May 31. The financial information furnished herein reflects all adjustments, consisting of normal recurring items that, in the opinion of management, are necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods. The results of operations for the nine months ended February 28, 2023 are not necessarily indicative of the results to be expected for the year ending May 31, 2023. The information included in this Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended May 31, 2022.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Use of Estimates, Policy	Use of Estimates The preparation of the unaudited condensed financial statements in conformity with GAAP 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $5,083 in its escrow account and $0 of cash and cash equivalents as of February 28, 2023 and May 31, 2022, respectively. The funds in the escrow account can be released for the Company’s operations without restriction.

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Accounts Receivable Policy	Accounts Receivable The Company records accounts receivable at the time products and services are delivered. An allowance for losses is established through a provision for losses charged to expenses. Receivables are charged against the allowance for losses when management believes collectability is unlikely. The allowance (if any) is an amount that management believes will be adequate to absorb estimated losses on existing receivables. The allowance for losses was $0 as of February 28, 2023, and May 31, 2022.

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Property, Plant and Equipment, Policy	Property and equipment Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided over the assets’ estimated useful lives, using the straight-line method. Estimated useful lives of the plant and equipment are as follows: Equipment, Furniture and Fixtures 5-10 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statements of operations. The cost of maintenance and repairs is charged to the statements of operations as incurred, whereas significant renewals and betterments are capitalized.

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Leases Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Leases Policy	Leases The Company adopts the accounting for leases under Accounting Standards Codification (ASC) 842 Lease Accounting and determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, and operating lease liabilities (short term and long term) in the Company’s condensed balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The Company uses the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Inventory Impairment, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Inventory Impairment, Policy	Impairment of Long-Lived Assets The Company evaluates the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Our evaluation is based on an assessment of potential indicators of impairment, such as an adverse change in the business climate that could affect the value of an asset, current or forecasted operating or cash flow losses that demonstrate continuing losses associated with the use of an asset, and a current expectation that, more likely than not, an asset will be disposed of before the end of its previously estimated useful life. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the nine months ended February 28, 2023 and 2022, the Company recognized an impairment of long-lived assets in the amount of $0, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Tax, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Income Tax, Policy	Income Taxes The Company accounts for its income taxes in accordance with ASC 740, Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and carry forwards. 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 operations in the period that includes the enactment date.

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Revenue Recognition Policy	Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Update (ASU) 2014-09, Revenue from contracts with customers (Topic 606). Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the considerations that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers at a point in time, typically upon delivery.

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cost of Goods Sold Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Cost of Goods Sold Policy	Cost of Goods Sold Cost of goods sold includes direct costs of selling items, direct labor cost, rent expense and electricity.

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
Earnings Per Share, Policy	Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 Earnings per Share. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of February 28, 2023 and May 31, 2022, there were no potentially dilutive debt or equity instruments issued or outstanding.

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: New Accounting Pronouncements, Policy (Policies)	9 Months Ended
	Feb. 28, 2023
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements There have been no recent accounting pronouncements or changes in accounting pronouncements during the nine months ended February 28, 2023, that are of significance or potential significance to the Company.

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment, Policy: Schedule of Property and Equipment useful lives (Tables)	9 Months Ended
	Feb. 28, 2023
Tables/Schedules
Schedule of Property and Equipment useful lives	Equipment, Furniture and Fixtures 5-10 years

Property and Equipment Disclo_2

Property and Equipment Disclosure: Schedule of Property and Equipment (Tables)	9 Months Ended
	Feb. 28, 2023
Tables/Schedules
Schedule of Property and Equipment	February 28, 2023 May 31, 2022 Office equipment $ 1,400 $ - Furniture 31,700 - Accumulated depreciation (3,183) - $ 29,917 $ -

Operating Leases Disclosure_ Sc

Operating Leases Disclosure: Schedule of Operating Leases (Tables)	9 Months Ended
	Feb. 28, 2023
Tables/Schedules
Schedule of Operating Leases	As of February 28, 2023 Assets Operating Lease $ 330,591 Less: Accumulated Amortization (3,163) Total $ 327,428 Liabilities Lease liabilities - Short-term $ 103,877 Lease liabilities - Long-term 234,603 Total operating lease liabilities $ 338,480 Future minimum lease payments as of February 28, 2023: Lease commitments Mar 2023 - Feb 2024 $ 138,677 Mar 2024 - Feb 2025 137,625 Mar 2025 - Jan 2026 126,156 Total undiscounted lease payments 402,458 Imputed interest (63,978) Total operating lease liabilities $ 338,480

Income Tax Disclosure_ Schedule

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Tables)	9 Months Ended
	Feb. 28, 2023
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	February 28, 2023 May 31, 2022 Net operating loss carryforward $ (985,028) $ (716,474) Effective tax rate 21% 21% Deferred tax asset 206,856 150,460 Less: Valuation allowance (206,856) (150,460) Net deferred asset $ - $ -

SUMMARY OF SIGNIFICANT ACCOU_15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Details) - USD ($)	Feb. 28, 2023	May 31, 2022
Details
Cash in Escrow Account	$ 5,083	$ 0

SUMMARY OF SIGNIFICANT ACCOU_16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable Policy (Details)	Feb. 28, 2023 USD ($)
Details
Allowance for losses	$ 0

SUMMARY OF SIGNIFICANT ACCOU_17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment, Policy: Schedule of Property and Equipment useful lives (Details)	9 Months Ended
	Feb. 28, 2023
Equipment, Furniture and fixtures
Estimated useful lives of the plant and equipment	5 years

SUMMARY OF SIGNIFICANT ACCOU_18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Inventory Impairment, Policy (Details)	9 Months Ended
	Feb. 28, 2023 USD ($)
Details
Impairment of long lived assets	$ 0

Property and Equipment Disclo_3

Property and Equipment Disclosure: Schedule of Property and Equipment (Details) - USD ($)	Feb. 28, 2023	May 31, 2022
Accumulated depreciation, property and equipment	$ (3,183)	$ 0
Property and Equipment, net	29,917	0
Office Equipment
Property and equipment, gross	1,400	0
Furniture and Fixtures
Property and equipment, gross	$ 31,700	$ 0

Property and Equipment Disclo_4

Property and Equipment Disclosure (Details) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Details
Depreciation	$ 1,061	$ 543	$ 3,183	$ 1,706

Related Party Transactions Di_2

Related Party Transactions Disclosure (Details) - USD ($)	3 Months Ended	9 Months Ended
	Aug. 31, 2022	Feb. 28, 2023	Feb. 28, 2022	May 31, 2022
Proceeds from related party advances		$ 16,659	$ 2,234
Proceeds from convrtible notes		135,000	30,500
Advances From Related Parties		16,659		$ 1,589
Contribution of assets	$ 33,100	33,100	0
Former CEO
Proceeds from related party advances		0	2,234
Current president
Proceeds from related party advances		16,659	$ 0
Majority Shareholder
Proceeds from convrtible notes		135,000
Contribution of assets		$ 33,100

CONVERTIBLE DEBT DISCLOSURE (De

CONVERTIBLE DEBT DISCLOSURE (Details) - USD ($)	9 Months Ended		12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	May 31, 2022	May 31, 2021
Proceeds from convrtible notes	$ 135,000	$ 30,500
Majority Shareholder
Conversion price per share	$ 0.04
Proceeds from convrtible notes	$ 135,000
Serhii Cherniienko, April 2021
Amount of debt assumed				$ 60,000
Conversion price per share				$ 0.01
Beneficial conversion feature				$ 60,000
Amount of debt converted			$ 30,000
Noi Tech LLC, April 15 2021
Amount of debt assumed				30,000
Conversion price per share		$ 0.01
Beneficial conversion feature				$ 30,000
Debt discount assigned			10,000
Okie LLC, May 2022
Amount of debt assumed			$ 85,000
Conversion price per share			$ 0.005

Operating Leases Disclosure (De

Operating Leases Disclosure (Details) - USD ($)		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2023	May 31, 2022
Operating Leases Right of Use Assets	$ 327,428	$ 327,428	$ 0
Lease to rent office
Operating Leases Right of Use Assets	194,758	194,758
Monthly rental payments	6,469
Lease to rent 2652 Blanding
Operating Leases Right of Use Assets	135,833	135,833
Monthly rental payments	5,000
Sublease to 2652 Blanding
Monthly rental payments	$ 2,500
Contingent rental income, annually		$ 30,000

Operating Leases Disclosure_ _2

Operating Leases Disclosure: Schedule of Operating Leases (Details) - USD ($)	9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	May 31, 2022
Details
Operating lease, gross	$ 330,591
Amortization of Right-of-use Assets	3,163	$ 0
Operating Leases Right of Use Assets	327,428		$ 0
Operating Lease Liabilities - Short-term	103,877		0
Operating Lease Liabilities - Long-term	234,603		$ 0
Operating Lease Liabilities - total	338,480
Operating Lease Liabilities - Mar 2023 - Feb 2024	138,677
Operating Lease Liabilities - Mar 2024 - Feb 2025	137,625
Operating Lease Liabilities - Mar 2025 - Jan 2026	126,156
Operating Lease Liabilities - total payments due	402,458
Operating Lease Liabilities - imputed interest	$ 63,978

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE (Details) - USD ($)	3 Months Ended		12 Months Ended
	Feb. 28, 2023	Aug. 31, 2021	May 31, 2021
Issuance of stock for services, shares	3,600,000
Price per share	$ 0.04
Issuance of stock for services, value	$ 114,000
Preferred Stock
Conversion of shares, shares		5,000,000	5,000,000
Issuance of stock for services, shares	0
Issuance of stock for services, value	$ 0
Common Stock
Conversion of shares, shares		(5,000,000)
Conversion of shares, common shares issued			5,000,000
Issuance of stock for services, shares	3,600,000
Issuance of stock for services, value	$ 3,600

Income Tax Disclosure (Details)

Income Tax Disclosure (Details) - USD ($)	9 Months Ended
	Feb. 28, 2023	May 31, 2022	May 31, 2019	May 31, 2018
Details
Less: Valuation allowance	$ 206,856	$ 150,460
Change in valuation allowance	56,396
Operating loss carryforward	$ 985,028		$ 941,502	$ 43,526
Statutory tax rate	21%

Income Tax Disclosure_ Schedu_2

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Feb. 28, 2023	May 31, 2022
Details
Net operating loss carryforward	$ (985,028)	$ (716,474)
Deferred tax assets, gross	206,856	150,460
Less: Valuation allowance	(206,856)	(150,460)
Net deferred tax assets	$ 0	$ 0