| ACCRUED CONSULTING FEES |
NOTE 5 – ACCRUED CONSULTING FEES
Accrued consulting fees consisted of the
following:
| Schedule of accrued consulting fees | |
| | |
| |
| | |
May 31, 2026 | | |
May 31, 2025 | |
| Due to previous Chief Executive Officer (Related Party) pursuant to Consulting Agreement dated January 30, 2026 – monthly compensation of $15,000 to July 30, 2027 | |
$ | 26,887 | | |
$ | – | |
| Due to wife of Company Chief Executive Officer (Related Party) pursuant to consulting agreement effective August 16, 2018 – monthly compensation of $15,000 (which was terminated May 31, 2021), balance of $305,200 forgiven as of February 28, 2025 | |
| – | | |
| – | |
| Due to mother of Company Chief Executive Officer (Related Party) pursuant to Consulting Agreement dated September 1, 2015 (which was terminated November 30, 2019) – monthly compensation of $5,000 to November 30, 2019 | |
| – | | |
| 131,350 | |
| Due to service provider pursuant to Consulting Agreement dated September 1, 2015 (which was terminated February 28, 2019) – monthly compensation of $5,000 to February 28, 2019 | |
| – | | |
| 144,700 | |
| Due to service provider pursuant to Consulting Agreement dated September 1, 2015 (which was terminated November 30, 2019) – monthly compensation of $1,000 to November 30, 2019 | |
| – | | |
| 48,000 | |
| Due to two other service providers | |
| – | | |
| 27,850 | |
| | |
| | | |
| | |
| Total | |
$ | 26,887 | | |
$ | 351,700 | |
The accrued consulting fees balance changed
as follows:
| Schedule of accrued consulting fees balance | |
| | |
| |
| | |
Year Ended
May 31, 2026 | | |
Year Ended
May 31, 2025 | |
| Balance, beginning of period | |
$ | 351,700 | | |
$ | 1,385,917 | |
| Compensation expense accrued pursuant to consulting agreements | |
| 60,000 | | |
| 120,000 | |
| Accrued consulting fees written off | |
| (220,400 | ) | |
| (1,154,017 | ) |
| Accrued consulting converted into promissory note | |
| (131,300 | ) | |
| – | |
| Payments to consultants | |
| (33,113 | ) | |
| (200 | ) |
| | |
| | | |
| | |
| Balance, end of period | |
$ | 26,887 | | |
$ | 351,700 | |
See Note 10 (Commitments and Contingencies).
|