v3.21.2
Consolidated Statements of Operations - USD ($)
7 Months Ended 12 Months Ended
May 31, 2020
May 31, 2021
Revenues:    
Total revenues $ 1,070,324 $ 371,887,272
Costs and operating expenses:    
Airfreight services 158,223 130,564,578
Ocean freight and ocean services 628,542 179,759,763
Contract logistics 3,497 1,267,360
Customs brokerage and other services 157,800 33,766,727
Acquisition expenses 239,350
Salaries and related costs 60,776 9,184,390
Professional fees 180,000  
Rent and occupancy 21,086 1,815,194
Selling and promotion 5,720 4,535,373
Depreciation and amortization 765,532
Fees on factoring agreements 4,471,540
Other 19,682 877,458
Total costs and operating expenses 1,474,676 368,358,284
Income (loss) from operations (404,352) 3,528,988
Other income (expenses)    
Interest (4,158) (1,781,828)
Gain on forgiveness of promissory notes 1,646,062
Loss on extinguishment of convertible note (1,147,856)
Total other income (expenses) (4,158) (1,283,622)
Net income (loss) before income taxes (408,510) 2,245,366
Income tax expense 519,869
Net income (loss) $ (408,510) $ 1,725,497
Net income (loss) per common share    
- basic $ (0.04)
- diluted $ (0.04)
Weighted average common shares outstanding    
- basic 10,000,000 1,408,941,722
- diluted 10,000,000 10,030,364,061
Airfreight Services [Member]    
Revenues:    
Total revenues $ 169,924 $ 137,055,903
Ocean Freight and Ocean Services [Member]    
Revenues:    
Total revenues 730,944 196,041,832
Contract Logistics [Member]    
Revenues:    
Total revenues 18,126 3,093,626
Customs Brokerage and Other Services [Member]    
Revenues:    
Total revenues $ 151,330 $ 35,695,911

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