v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2020
Revenues:      
Airfreight services $ 0 $ 72,388,144 $ 89,887,028
Ocean freight and ocean services 0 42,601,314 73,254,180
Contract logistics 0 838,853 1,527,563
Customs brokerage and other services 0 8,811,109 17,385,916
Total revenues 0 124,639,420 182,054,687
Costs and operating expenses:      
Airfreight services 0 68,891,139 85,628,080
Ocean freight and ocean services 0 38,726,139 66,592,372
Contract logistics 0 297,758 561,826
Customs brokerage and other services 0 8,357,835 16,502,717
Salaries and related costs 0 2,191,247 4,292,136
Professional fees 0 228,739 658,480
Rent and occupancy 0 442,605 901,116
Selling and promotion 0 846,883 1,898,311
Depreciation and amortization 0 191,398 382,217
Fees on factoring agreements 0 1,410,203 1,884,263
Other 15 16,190 238,889
Total costs and operating expenses 15 121,600,136 179,540,407
Income (loss) from operations (15) 3,039,284 2,514,280
Other expenses      
Interest 0 (203,740) (236,179)
Loss on extinguishment of convertible note 0 (1,147,856) (1,147,856)
Total other expenses 0 (1,351,596) (1,384,035)
Net income (loss) before income taxes (15) 1,687,688 1,130,245
Income tax expense 0 290,505 307,199
Net income (loss) $ (15) $ 1,397,183 $ 823,046
Net income (loss) per common share      
Earnings Per Share, Basic $ (0.00) $ 0.01 $ 0.01
Earnings Per Share, Diluted $ (0.00) $ 0.00 $ 0.00
Weighted average common shares outstanding      
Weighted Average Number of Shares Issued, Basic 0 252,603,584 167,748,635
Weighted Average Number of Shares Outstanding, Diluted 0 9,264,989,751 9,180,134,802