NOTE 2 – ACCRUED CONSULTING FEES
Accrued consulting fees consisted of
the following:
| Schedule of accrued consulting fees | |
| |
|
| | |
August 31, | |
May 31, 2026 |
| 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 | |
$ | 71,887 | | |
$ | 26,887 | |
| | |
| | | |
| | |
| Total | |
$ | 71,887 | | |
$ | 26,887 | |
The accrued consulting fees balance
changed as follows:
| Schedule of accrued consulting fees balance | |
| |
|
| | |
Three Months Ended
August 31, 2026 | |
Year Ended
May 31, 2026 |
| Balance, beginning of period | |
$ | 26,887 | | |
$ | 351,700 | |
| Compensation expense accrued pursuant to consulting agreements | |
| 45,000 | | |
| 30,000 | |
| Accrued consulting fees written off | |
| – | | |
| (220,400 | ) |
| Accrued consulting converted into promissory note | |
| – | | |
| (131,300 | ) |
| Payments to consultants | |
| – | | |
| (8,113 | ) |
| | |
| | | |
| | |
| Balance, end of period | |
$ | 71,887 | | |
$ | 26,887 | |
See Note 8 (Commitments and Contingencies).
|