v3.26.1
SUBSEQUENT EVENTS
12 Months Ended
May 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 7– SUBSEQUENT EVENTS

 

Subsequent events were evaluated through September 2, 2026, which is the date the financial statements were available to be issued.

 

During the period from May 31, 2026, through September 2, 2025, the Company issued and sold to 3 investors convertible notes bearing interest at 10% per annum, each due nine (9) months from the date of issuance, as follows:

 

1: 7/8/2026 in the principal amount of $150,000;

2: 7/13/2026 in the principal amount of $300,000;

3: 7/14/2026 in the principal amount of $300,000;

 

The Company agreed to issue these investors as inducement warrants to entitle the investor to purchase on a cashless basis twenty-nine million (29,000,000) shares of the Company’s common stock having an exercise price of $.25 per warrant share which shall expire in five (5) years. On July 15, 2026, these two investors converted all of the principal on their Convertible Notes totaling $2,050,000 plus accrued interest of $131,569 into 4,363,137 shares of common stock. As a result of these conversions, at September 2, 2026, the Company has $335,000 in principal amount owed on all outstanding Convertible Notes.