SUBSEQUENT EVENTS |
9 Months Ended |
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Feb. 28, 2025 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7– SUBSEQUENT EVENTS
Subsequent events were evaluated through April 28, 2025, which is the date the financial statements were available to be issued.
On March 26, 2025, in consideration for this investor agreeing to authorize the release to the Company of the second tranche of $150,000 from the escrow account under the $300,000 note representing a total of $200,000 of the $300,000 in principal amount from the February 7, 2025 note, the Company agreed, effective as of February 7, 2025, to: (i) issue to investor an additional shares of common stock as inducement; and (ii) issue to investor warrants entitling the investor to purchase from and after February 7, 2025, and for a period of five years, 400,000 shares of common stock at an exercise price of $1.50; and on April 28, 2025, in consideration for this investor agreeing to authorize the release to the Company of the remaining $100,000 from the escrow account, the Company agreed, effective as of February 7, 2025, to: (i) issue to investor an additional inducement shares; and (ii) issue to investor warrants entitling the investor to purchase 400,000 shares of common stock at an exercise price of $1.50, with the same terms as the above-referenced warrants. None of these inducement shares have been issued to date. |