v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy (Policies)
 3 Months Ended
Aug. 31, 2026
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 income (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 dilutive potential common shares outstanding during the period. Potential common shares include shares issuable upon conversion of convertible notes payable and related accrued interest. For periods in which the Company reports a net loss, potential common shares are excluded if their effect is anti-dilutive.

 

The Company’s convertible note agreements provide for the conversion of outstanding principal and accrued but unpaid interest of the notes into common stock.

 

The following table presents the computation of diluted income per common share:

 

 

August 31,

2026

 

August 31,

2025

Net income

$

55,127

$

13,907

Add: Interest expense on convertible debt

 

16,297

 

16,297

Net income available to common stockholders (numerator)

$

71,424

$

30,204

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

70,680,938

 

70,680,938

Dilutive impact of convertible notes and accrued interest

 

142,738,720

 

132,817,375

Diluted weighted average number of common shares outstanding (denominator)

 

213,419,658

 

203,498,313

 

 

 

 

 

Diluted income per common share

$

0.00

$

0.00