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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Principles of Consolidation

a.       Principles of Consolidation

 

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and include the Company and its wholly owned subsidiary. All inter-company accounts and transactions have been eliminated.

 
Accounting Method

b.       Accounting Method

 

The Company recognizes income and expenses based on the accrual method of accounting. The Company has elected a May 31 year-end.

 
Use of Estimates in the Preparation of Financial Statements

c.       Use of Estimates in the Preparation of Financial Statements

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 
Cash and Cash Equivalents

d.       Cash and Cash Equivalents

 

Cash equivalents are generally comprised of certain highly liquid investments with original maturities of less than three months.

 
Basic and Fully Diluted Net Loss per Share of Common Stock

e.       Basic and Fully Diluted Net Loss per Share of Common Stock

 

In accordance with Financial Accounting Standards No. ASC 260, “Earnings per Share,” basic net loss per common share is based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. Dilutive instruments (such as convertible notes payable) have not been included in the diluted earnings per share computations as their effect were antidilutive for the periods presented.

 
Revenue Recognition

f.       Revenue Recognition

 

The Company adopted ASC 606 requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. Advance customer payments are recorded as deferred revenue until such time as they are recognized. The Company does not offer any cash rebates. Returns or discounts, if any, are netted against gross revenues.

 

Standby Golf has wholesale agreements in place with their respective golf courses. We charge the customer rates above the agreed wholesale rates, and the difference is our revenue. We bill each customer the agreed upon price. The golf courses bill us, and the difference is what we record as revenue. All billing is done through online credit card processing.  

 

Our revenue consists of the following: Golf course bookings, etc. totaled $962,964 and advertising spot sales totaled $27,120 for a total of $990,084 in revenues.

 
Advertising

g.       Advertising

 

Advertising costs, which are expensed as incurred, were $-0- for the years ended May 31, 2026 and 2025.

 
Income Taxes

h.       Income Taxes

 

Deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards are offset by a valuation allowance of the same amount.

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a substantial change in ownership occur, net operating loss carryforwards may be limited as to future use.

 

Net deferred tax assets consist of the following components as of May 31, 2026 and 2025: 

        
   May 31, 2026   May 31, 2025 
Deferred tax assets:          
NOL Carryover  $1,926,046   $1,707,402 
Valuation allowance   (1,926,046)   (1,707,402)
Net deferred tax asset  $–   $– 

 

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate of 21% to pretax income (loss) for the years ended May 31, 2026 and 2025 due to the following: 

                       
    May 31, 2026     May 31, 2025  
    $     %     $     %  
Expected tax (benefit) at 21%   $ (1,224,188 )  

21.00%

     $ (199,175 )   21.00%  
Non-deductible expense (non-taxable income) from derivative liability     34,333     (0.59)%       88,139     (9.29)%  
Non-deductible amortization of debt discounts     194,211    

(3.23)%

       6,659     (0.70)%  
Loss on markdown of investment     777,000     (13.33)%       –     0.00%  
Change in valuation allowance     218,644     (3.75)%       104,377     (11.00)%  
Provision for income taxes   $ –     0.00%     $ –     0.00%  

 

For the periods presented, the Company had no tax positions or unrecognized tax benefits.

 

The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income taxes. For the periods presented, the Company had no such interest or penalties.

 
Concentrations of Credit Risk

i.      Concentrations of Credit Risk

 

Financial instruments that potentially subject the Company to concentrations of credit risks consist of cash and cash equivalents. The Company places cash and cash equivalents at well-known quality financial institutions. Cash and cash equivalents at banks are insured by the Federal Deposit Insurance Corporation for up to $250,000. The Company did not have any cash or cash equivalents in excess of this amount at May 31, 2026.

 
Segment Reporting

j.     Segment Reporting

 

We operate in a single operating segment and a single reporting segment. Operating segments are defined as components of an enterprise about which separate financial information is regularly evaluated by the chief operating decision maker function (which is fulfilled by our chief executive officer) in deciding how to allocate resources and in assessing performance. Our chief executive officer allocates resources and assesses performance based upon financial information at the level. Since we operate in one operating segment, all required financial segment information is presented in the financial statements.

 
Recent Accounting Pronouncements

k.      Recent Accounting Pronouncements

 

We have reviewed accounting pronouncements issued and have adopted any that are applicable to the Company. We have determined that none had a material impact on our financial position, results of operations, or cash flows for the years ended May 31, 2026 and 2025.

 

Certain other accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material.