Cannabis Suisse (CSUI) 10-Q 12 Jan 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2023	Jan. 12, 2024
Details
Registrant CIK	0001680132
Fiscal Year End	--05-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 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		46,254,938
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Nov. 30, 2023	May 31, 2023
Current Assets
Cash in Escrow Account	$ 5,444	$ 199
Prepaid Expenses	1,500	4,500
Total Current Assets	6,944	4,699
Property and Equipment, net	26,734	28,856
Operating Leases Right of Use Assets	261,432	312,748
TOTAL ASSETS	295,110	346,303
Current Liabilities
Accounts Payable	8,900	10,770
Accrued Expenses	58,462	8,865
Advances From Related Parties	36,159	29,159
Convertible Notes Payable	135,000	135,000
Lease Liabilities - Short-term	181,456	149,997
Total Current Liabilities	419,977	333,791
Convertible Note Payable - Related Party	135,000	135,000
Operating Lease Liabilities - Long-term	149,134	206,959
Total Liabilities	704,111	675,750
Stockholders' Deficit
Preferred Stock Value	5,000	5,000
Common Stock, par value $0.001; 250,000,000 shares authorized, 46,254,938 and 44,254,938 shares issued and outstanding as of Nov 30 and May 31, 2023, respectively	46,255	44,255
Additional Paid-In-Capital	1,073,589	1,055,589
Unearned Compensations	0	(20,000)
Accumulated Deficit	(1,533,845)	(1,414,291)
Total Stockholders' Deficit	(409,001)	(329,447)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 295,110	$ 346,303

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Nov. 30, 2023	May 31, 2023
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
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	46,254,938	44,254,938

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
REVENUES
Revenue	$ 7,500	$ 0	$ 15,000	$ 0
Cost of Revenues	6,874	0	13,749	0
Gross Profit	626	0	1,251	0
OPERATING EXPENSES
General and administrative expenses	28,267	3,114	56,448	21,571
Professional fees	22,000	25,200	54,000	99,861
Depreciation	1,061	1,061	2,122	2,122
TOTAL OPERATING EXPENSES	51,328	29,375	112,570	123,554
OPERATING LOSS	(50,702)	(29,375)	(111,319)	(123,554)
Interest expense, net	(4,095)	(675)	(8,235)	(675)
LOSS BEFORE INCOME TAXES	(54,797)	(30,050)	(119,554)	(124,229)
Provision for income taxes	0	0	0	0
NET LOSS	$ (54,797)	$ (30,050)	$ (119,554)	$ (124,229)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	45,837,356	40,654,938	45,041,823	40,654,938
Rental Income
REVENUES
Revenue	$ 7,500	$ 0	$ 15,000	$ 0

STATEMENT OF CHANGES IN STOCKHO

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, 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
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
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
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
Contribution of assets						33,100
Net income (loss) for the period						(124,229)
Equity Balance at Nov. 30, 2022	$ 5,000	$ 40,655	915,189	0	(1,186,973)	(226,129)
Equity Balance, Shares at Nov. 30, 2022	5,000,000	40,654,938
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	915,189	0	(1,186,973)	(226,129)
Equity Balance, Shares at Nov. 30, 2022	5,000,000	40,654,938
Equity Balance at May. 31, 2023	$ 5,000	$ 44,255	1,055,589	(20,000)	(1,414,291)	(329,447)
Equity Balance, Shares at May. 31, 2023	5,000,000	44,254,938
Net income (loss) for the period	$ 0	$ 0	0	0	(64,757)	(64,757)
Equity Balance at Aug. 31, 2023	$ 5,000	$ 44,255	1,055,589	(10,000)	(1,479,048)	(384,204)
Equity Balance, Shares at Aug. 31, 2023	5,000,000	44,254,938
Amortization of unearned compensation	$ 0	$ 0	0	10,000	0	10,000
Equity Balance at May. 31, 2023	$ 5,000	$ 44,255	1,055,589	(20,000)	(1,414,291)	(329,447)
Equity Balance, Shares at May. 31, 2023	5,000,000	44,254,938
Contribution of assets						0
Net income (loss) for the period						(119,554)
Equity Balance at Nov. 30, 2023	$ 5,000	$ 46,255	1,073,589	0	(1,533,845)	(409,001)
Equity Balance, Shares at Nov. 30, 2023	5,000,000	46,254,938
Equity Balance at Aug. 31, 2023	$ 5,000	$ 44,255	1,055,589	(10,000)	(1,479,048)	(384,204)
Equity Balance, Shares at Aug. 31, 2023	5,000,000	44,254,938
Net income (loss) for the period	$ 0	$ 0	0	0	(54,797)	(54,797)
Equity Balance at Nov. 30, 2023	$ 5,000	$ 46,255	1,073,589	0	(1,533,845)	(409,001)
Equity Balance, Shares at Nov. 30, 2023	5,000,000	46,254,938
Amortization of unearned compensation	$ 0	$ 0	0	10,000	0	10,000
Issuance of common stock, value	$ 0	$ 2,000	$ 18,000	$ 0	$ 0	$ 20,000
Issuance of common stock, shares	0	2,000,000				2,000,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023
Cash Flows from Operating Activities
Net Income (Loss)	$ (54,797)	$ (64,757)	$ (30,050)	$ (94,179)	$ (119,554)	$ (124,229)
Adjustments to reconcile net loss to net cash provided by operations
Depreciation and amortization, cash flows					2,122	2,122
Stock Payment for Services					20,000
Operating lease liabilities, cash flows					24,950	0
Increase (decrease) in prepaid expenses					3,000	0
Increase (decrease) in accounts payable					(1,870)	22,679
Increase (decrease) in accrued expenses					49,597	3,147
Net cash used in Operating Activities					(21,755)	(96,281)
Net Cash Flows from Financing Activities
Proceeds from related party advances					7,000	0
Payments to related parties					0	(380)
Proceeds from issuance of stock					20,000	0
Proceeds from convertible debt					0	135,000
Net cash provided by Financing Activities					27,000	134,620
Net cash increase (decrease) for period					5,245	38,339
Cash at beginning of period		$ 199		0	199	0	$ 0
Cash at end of period	$ 5,444		$ 38,339		5,444	38,339	$ 199
SUPPLEMENTAL
Cash paid for taxes					0	0
Cash paid for interest					0	0
Noncash Investing and Financing Information
Conversion of accrued wages to equity					0	139,092
Contribution of assets				$ 33,100	$ 0	$ 33,100

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE	6 Months Ended
	Nov. 30, 2023
Notes
ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE	NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS Cannabis Suisse Corp. (“Company”) was incorporated in the State of Nevada on February 26, 2016 to start business operations connected with production of paper made from elephant dung for making various stationery products and subsequent selling thereof. On February 20, 2019, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Nevada Secretary of State which changed the Company’s name from Geant Corp. to Cannabis Suisse Corp. The Company was 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. 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	6 Months Ended
	Nov. 30, 2023
Notes
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies of the Company is presented to assist in understanding the Company’s interim financial statements. The 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 and have been consistently applied in the preparation of the unaudited financial statements. 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 six months ended November 30, 2023 are not necessarily indicative of the results to be expected for the year ending May 31, 2024. 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, 2023. Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, (GAAP). The Company’s year-end is May 31. Use of Estimates The preparation of the unaudited 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 has $5,444 and $199 of cash and cash equivalents in its escrow account as of November 30 and May 31, 2023, respectively. The funds in the escrow account can be released for the Company’s operations without restriction. 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 property 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 adheres to the accounting for leases under Accounting Standards Codification (ASC) 842 Lease Accounting 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 three and six months ended November 30, 2023 and 2022, the Company recognized an impairment of long-lived assets in the amount of $0. Fair Value of Financial Instruments ASC 820 Fair Value Measurements and Disclosures These tiers include: · · · The carrying value of the Company’s cash, other current assets, accounts payable, accrued expenses and advances from related parties approximates its fair value due to their short-term maturity. Income Taxes The Company accounts for its income taxes in accordance with ASC 740, Income Taxes 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. Rent Revenue Recognition The Company recognizes rent revenue from the lease of its sub-leased properties in accordance with ASC 842, Leases The Company’s leases generally have fixed rental payments over the lease term, with occasional escalations based on predetermined factors. Rent revenue is recognized monthly as the lease fulfills its obligations under the lease agreement. Any lease incentives or concessions provided to lessees, such as rent-free periods or tenant improvement allowances, are recognized as a reduction of rent revenue over the lease term. For the three and six months ended November 30, 2023, the Company recognized rent revenue of $7,500 and $15,000, respectively, from its lease agreement. This amount represents the portion of the total lease payments earned over the lease term. No rent revenue was recognized for the three and six months ended November 30, 2022. 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 November 30 and May 31, 2023, 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 six months ended November 30, 2023, that are of significance or potential significance to the Company.

Going Concern Disclosure

Going Concern Disclosure	6 Months Ended
	Nov. 30, 2023
Notes
Going Concern Disclosure	NOTE 3 - GOING CONCERN The accompanying 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 November 30, 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	6 Months Ended
	Nov. 30, 2023
Notes
Property and Equipment Disclosure	NOTE 4 - PROPERTY AND EQUIPMENT Property and Equipment: November 30, 2023 May 31, 2023 Office equipment $ 1,400 $ 1,400 Furniture 31,700 31,700 Accumulated depreciation (6,366) (4,244) $ 26,734 $ 28,856 For the three months ended November 30, 2023 and 2022, the Company recognized depreciation expense in the amount of $1,061. For the six months ended November 30, 2023 and 2022, the Company recognized depreciation expense in the amount of $2,122.

Commitments and Contingencies D

Commitments and Contingencies Disclosure	6 Months Ended
	Nov. 30, 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

Related Party Transactions Disc

Related Party Transactions Disclosure	6 Months Ended
	Nov. 30, 2023
Notes
Related Party Transactions Disclosure	NOTE 6 - RELATED PARTY TRANSACTIONS In June 2022, the ownership changed, and the current major shareholder took the position of the president. For the three months ended November 30, 2023 and 2022, the current president advanced to the Company $2,500 and $37,670, respectively. For the six months ended November 30, 2023 and 2022, the current president advanced to the Company $7,000 and $97,870, respectively, of which $96,661 was included in the amount converted to the note payable (see Note 7 below). 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 November 30 and May 31, 2023, the balances of advances from related parties were $36,159 and $29,159, 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. In September 2023, the major shareholder paid $20,000 to the Company for 2,000,000 shares of common stock.

CONVERTIBLE DEBT DISCLOSURE

CONVERTIBLE DEBT DISCLOSURE	6 Months Ended
	Nov. 30, 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 principle 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	6 Months Ended
	Nov. 30, 2023
Notes
Operating Leases Disclosure	NOTE 8 - LEASES In February 2023, the Company signed a lease to rent the office at 10 Newnan 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 total lease expenses for the six months ended November 30, 2023 were $66,313, including $13,749 recorded as cost of goods sold and $52,564 in general and administrative expenses in the statements of operations. The total lease expenses for the three months ended November 30, 2023 were $33,156, including $6,874 recorded as cost of goods sold and $28,262 in general and administrative expenses in the statements of operations. The following table summarizes the presentation in the Company’s balance sheet of its operating leases. As of November 30, 2023 As of May 31, 2023 Assets Right-of-Use $ 261,432 $ 312,748 Liabilities Lease liabilities - Short-term $ 181,456 $ 149,997 Lease liabilities - Long-term 149,134 206,959 Total operating lease liabilities $ 330,590 $ 356,956 Future minimum lease payments as of November 30, 2023: Lease commitments Dec 2023 - Nov 2024 $ 206,803 $ - Dec 2024 - Nov 2025 137,625 - Dec 2025 - Jan 2026 22,938 - Total undiscounted lease payments 367,367 - Imputed interest (36,776) - Total operating lease liabilities $ 330,590 $ -

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	6 Months Ended
	Nov. 30, 2023
Notes
STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE	NOTE 9 - STOCKHOLDERS’ EQUITY 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 $144,400, of which $144,400 has been earned as of November 30, 2023. In September 2023, the Company's CEO paid $20,000 to the Company for 2,000,000 shares of common stock at a price of $0.01 per share.

Income Tax Disclosure

Income Tax Disclosure	6 Months Ended
	Nov. 30, 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 November 30, 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 November 30, 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 November 30, 2023 was $222,596. The net change in valuation allowance as of November 30 and May 31, 2023, was $9,451. 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 November 30 and May 31, 2023. All tax years since inception remain 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 $1,059,981 at November 30, 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 $1,016,455 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 November 30 and May 31, 2023 are as follows: November 30, 2023 May 31, 2023 Net operating loss carryforward $ (1,059,981) $ (1,014,975) Effective tax rate 21% 21% Deferred tax asset 222,596 213,145 Less: Valuation allowance (222,596) (213,145) Net deferred asset $ - $ -

SUBSEQUENT EVENTS DISCLOSURE

SUBSEQUENT EVENTS DISCLOSURE	6 Months Ended
	Nov. 30, 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 November 30, 2023 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements except the following: The Company from which we lease our corporate offices, which is owned by our CEO, discounted our annual rent beginning in February 2024, by fifty percent in return for a two year pre-payment of the rent. In January the Company entered into a ground lease for an out parcel from a company owned by the Company's CEO. The term of the lease is three years and the monthly rent is $3,000. The total three-year rent payments have been discounted by fifty percent in return for a three year prepayment of the rent totaling $54,000.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Accounting, Policy (Policies)	6 Months Ended
	Nov. 30, 2023
Policies
Basis of Accounting, Policy	Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, (GAAP). The Company’s year-end is May 31.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	6 Months Ended
	Nov. 30, 2023
Policies
Use of Estimates, Policy	Use of Estimates The preparation of the unaudited 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)	6 Months Ended
	Nov. 30, 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 has $5,444 and $199 of cash and cash equivalents in its escrow account as of November 30 and May 31, 2023, 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: Property, Plant and Equipment, Policy (Policies)	6 Months Ended
	Nov. 30, 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 property 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_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Leases Policy (Policies)	6 Months Ended
	Nov. 30, 2023
Policies
Leases Policy	Leases The Company adheres to the accounting for leases under Accounting Standards Codification (ASC) 842 Lease Accounting 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_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Inventory Impairment, Policy (Policies)	6 Months Ended
	Nov. 30, 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 three and six months ended November 30, 2023 and 2022, the Company recognized an impairment of long-lived assets in the amount of $0.

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments, Policy (Policies)	6 Months Ended
	Nov. 30, 2023
Policies
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments ASC 820 Fair Value Measurements and Disclosures These tiers include: · · · The carrying value of the Company’s cash, other current assets, accounts payable, accrued expenses and advances from related parties approximates its fair value due to their short-term maturity.

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Tax, Policy (Policies)	6 Months Ended
	Nov. 30, 2023
Policies
Income Tax, Policy	Income Taxes The Company accounts for its income taxes in accordance with ASC 740, Income Taxes 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)	6 Months Ended
	Nov. 30, 2023
Policies
Revenue Recognition Policy	Rent Revenue Recognition The Company recognizes rent revenue from the lease of its sub-leased properties in accordance with ASC 842, Leases The Company’s leases generally have fixed rental payments over the lease term, with occasional escalations based on predetermined factors. Rent revenue is recognized monthly as the lease fulfills its obligations under the lease agreement. Any lease incentives or concessions provided to lessees, such as rent-free periods or tenant improvement allowances, are recognized as a reduction of rent revenue over the lease term. For the three and six months ended November 30, 2023, the Company recognized rent revenue of $7,500 and $15,000, respectively, from its lease agreement. This amount represents the portion of the total lease payments earned over the lease term. No rent revenue was recognized for the three and six months ended November 30, 2022.

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cost of Goods Sold Policy (Policies)	6 Months Ended
	Nov. 30, 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)	6 Months Ended
	Nov. 30, 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 November 30 and May 31, 2023, 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)	6 Months Ended
	Nov. 30, 2023
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements There have been no recent accounting pronouncements or changes in accounting pronouncements during the six months ended November 30, 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)	6 Months Ended
	Nov. 30, 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)	6 Months Ended
	Nov. 30, 2023
Tables/Schedules
Schedule of Property and Equipment	November 30, 2023 May 31, 2023 Office equipment $ 1,400 $ 1,400 Furniture 31,700 31,700 Accumulated depreciation (6,366) (4,244) $ 26,734 $ 28,856

Operating Leases Disclosure_ Sc

Operating Leases Disclosure: Schedule of Operating Leases (Tables)	6 Months Ended
	Nov. 30, 2023
Tables/Schedules
Schedule of Operating Leases	As of November 30, 2023 As of May 31, 2023 Assets Right-of-Use $ 261,432 $ 312,748 Liabilities Lease liabilities - Short-term $ 181,456 $ 149,997 Lease liabilities - Long-term 149,134 206,959 Total operating lease liabilities $ 330,590 $ 356,956 Future minimum lease payments as of November 30, 2023: Lease commitments Dec 2023 - Nov 2024 $ 206,803 $ - Dec 2024 - Nov 2025 137,625 - Dec 2025 - Jan 2026 22,938 - Total undiscounted lease payments 367,367 - Imputed interest (36,776) - Total operating lease liabilities $ 330,590 $ -

Income Tax Disclosure_ Schedule

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Tables)	6 Months Ended
	Nov. 30, 2023
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	November 30, 2023 May 31, 2023 Net operating loss carryforward $ (1,059,981) $ (1,014,975) Effective tax rate 21% 21% Deferred tax asset 222,596 213,145 Less: Valuation allowance (222,596) (213,145) Net deferred asset $ - $ -

SUMMARY OF SIGNIFICANT ACCOU_15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Details) - USD ($)	Nov. 30, 2023	May 31, 2023
Details
Cash in Escrow Account	$ 5,444	$ 199

SUMMARY OF SIGNIFICANT ACCOU_16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment, Policy: Schedule of Property and Equipment useful lives (Details)	Nov. 30, 2023
Equipment, Furniture and fixtures
Estimated useful lives of the plant and equipment	5 years

SUMMARY OF SIGNIFICANT ACCOU_17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Inventory Impairment, Policy (Details)	6 Months Ended
	Nov. 30, 2023 USD ($)
Details
Impairment of long lived assets	$ 0

SUMMARY OF SIGNIFICANT ACCOU_18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition Policy (Details) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Revenue	$ 7,500	$ 0	$ 15,000	$ 0
Rental Income
Revenue	$ 7,500	$ 0	$ 15,000	$ 0

Property and Equipment Disclo_3

Property and Equipment Disclosure: Schedule of Property and Equipment (Details) - USD ($)	Nov. 30, 2023	May 31, 2023
Accumulated depreciation, property and equipment	$ (6,366)	$ (4,244)
Property and Equipment, net	26,734	28,856
Office Equipment
Property and equipment, gross	1,400	1,400
Furniture and Fixtures
Property and equipment, gross	$ 31,700	$ 31,700

Property and Equipment Disclo_4

Property and Equipment Disclosure (Details) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Details
Depreciation	$ 1,061	$ 1,061	$ 2,122	$ 2,122

Related Party Transactions Di_2

Related Party Transactions Disclosure (Details) - USD ($)	3 Months Ended			6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023
Proceeds from related party advances				$ 7,000	$ 0
Advances From Related Parties	$ 36,159	$ 135,000		36,159	135,000	$ 29,159
Contribution of assets			$ 33,100	0	33,100
Issuance of common stock, value	$ 20,000
Issuance of common stock, shares	2,000,000
Current president
Proceeds from related party advances	$ 2,500	$ 37,670		7,000	$ 97,870
Majority Shareholder
Contribution of assets				$ 33,100

CONVERTIBLE DEBT DISCLOSURE (De

CONVERTIBLE DEBT DISCLOSURE (Details) - USD ($)	6 Months Ended		12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023	May 31, 2022
Proceeds from convertible debt	$ 0	$ 135,000
Majority Shareholder
Conversion price per share			$ 0.04
Proceeds from convertible debt			$ 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 ($)		3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023
Operating Leases Right of Use Assets	$ 261,432	$ 261,432		$ 261,432		$ 312,748
Lease expense		33,156		66,313
Cost of Revenues		6,874	$ 0	13,749	$ 0
General and administrative expenses		28,267	$ 3,114	56,448	$ 21,571
Lease to rent office
Operating Leases Right of Use Assets	194,758	194,758		194,758
Monthly rental payments	6,469
Lease to rent 2652 Blanding
Operating Leases Right of Use Assets	135,833	135,833		135,833
Monthly rental payments	5,000
Sublease to 2652 Blanding
Monthly rental payments	$ 2,500
Contingent rental income, annually				30,000
Lease expenses
Cost of Revenues		6,874		13,749
General and administrative expenses		$ 28,262		$ 52,564

Operating Leases Disclosure_ _2

Operating Leases Disclosure: Schedule of Operating Leases (Details) - USD ($)	6 Months Ended
	Nov. 30, 2023	May 31, 2023
Details
Operating lease, gross	$ 261,432	$ 312,748
Lease Liabilities - Short-term	181,456	149,997
Operating Lease Liabilities - Long-term	149,134	206,959
Operating Lease Liabilities - total	330,590	$ 356,956
Operating Lease Liabilities - First year	206,803
Operating Lease Liabilities - Second year	137,625
Operating Lease Liabilities - Third year	22,938
Operating Lease Liabilities - total payments due	367,367
Operating Lease Liabilities - imputed interest	$ 36,776

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE (Details) - USD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2023	May 31, 2023
Details
Issuance of stock for services, shares		3,600,000
Price per share	$ 0.01	$ 0.04
Issuance of stock for services, value		$ 144,400
Issuance of common stock, value	$ 20,000
Issuance of common stock, shares	2,000,000

Income Tax Disclosure (Details)

Income Tax Disclosure (Details) - USD ($)	6 Months Ended
	Nov. 30, 2023	May 31, 2023	May 31, 2019	May 31, 2018
Details
Less: Valuation allowance	$ 222,596	$ 213,145
Change in valuation allowance	9,451
Operating loss carryforward	$ 1,059,981		$ 1,016,455	$ 43,526
Statutory tax rate	21%

Income Tax Disclosure_ Schedu_2

Income Tax Disclosure: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Nov. 30, 2023	May 31, 2023
Details
Net operating loss carryforward	$ (1,059,981)	$ (1,014,975)
Deferred tax assets, gross	222,596	213,145
Less: Valuation allowance	(222,596)	(213,145)
Net deferred tax assets	$ 0	$ 0

SUBSEQUENT EVENTS DISCLOSURE (D

SUBSEQUENT EVENTS DISCLOSURE (Details) - Out parcel ground lease	Jan. 01, 2024 USD ($)
Monthly rental payments	$ 3,000
Prepaid rent	$ 54,000