|
FY2025
12 months to May 31, 2025
|
FY2024
12 months to May 31, 2024
|
|
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net loss | ||
| Adjustment for issuance of common stock (non-cash expense) | ||
| Amortization of right-of-use asset and liability | ||
| Share-based compensation | ||
| Forgiveness of PPP loan | ||
| Adjustment to reconcile net loss: | ||
| Issuance of common stock for services | ||
| Amortization of right-of-use asset and liability | ||
| Loss on valuation of convertible notes | ||
| Changes in assets and liabilities | ||
| Accounts receivables | ||
| Bank overdraft | ||
| Related party receivables | ||
| Accounts payable and accrued expenses | ||
| Credit cards | ||
| Accrued interest | ||
| Deferred revenue | ||
| Accrued interest on SBA loan | ||
| Interest on SBA loan | ||
| Advances by related party | ||
| Repayments of related party advances | ||
| Lease liability | ||
| NET CASH USED IN OPERATIONS | ||
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of common stock | ||
| Proceeds from short-term loans | ||
| Repayment of SBA loan – current | ||
| Payments on SBA loan | ||
| Repayment of related-party loan | ||
| Proceeds from related-party loan | ||
| Proceeds from (repayments of) short-term loans | ||
| Proceeds from shareholders’ loans | ||
| Changes in notes payable | ||
| Payments to SBA Loan | ||
| Repayment of related party loan | ||
| Proceeds from related party loan | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | ||
| NET INCREASE (DECREASE) IN CASH | ||
| CASH AT BEGINNING OF PERIOD | ||
| CASH AT END OF PERIOD | ||
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest |
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