v3.21.2
Nature of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
May 31, 2021
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property And Equipment

Estimated useful lives of property and equipment are as follows:

 

Software   3 years
Computer equipment   3 – 5 years
Furniture and fixtures   5 – 7 years
Leasehold improvements   Shorter of estimated useful life or remaining term of the lease
Schedule of Disaggregation of Revenue

The following table disaggregates gross revenue by significant geographic area for the year ended May 31, 2021 based on origin of shipment (imports) or destination of shipment (exports):

 

    For the
Year ended
May 31, 2021		    

For the Period

October 28, 2019 (inception) Through
May 31, 2020

  
China, Hong Kong & Taiwan   $ 186,932,382     $ -  
South East Asia     104,475,697       -  
United States     31,452,041       -  
India Sub-continent     28,164,102       -  
Other     20,863,050       1,070,324  
Total revenue   $ 371,887,272     $ 1.070,324  
Schedule of Earning Per Share

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share.

 

    For the Year Ended
May 31, 2021		  
Numerator:        
Net income   $ 1,725,497  
Effect of dilutive securities     1,350,389  
         
Diluted net income   $ 3,075,886  
         
Denominator:        
Weighted average common shares outstanding – basic     1,408,941,722  
         
Dilutive securities (a):        
Series A Preferred     1,316,157,000  
Series B Preferred     5,499,034,800  
Convertible notes     1,806,230,539  
         
Weighted average common shares outstanding and assumed conversion – diluted     10,030,364,061  
         
Basic net income per common share   $ 0.00  
         
Diluted net income per common share   $ 0.00  
         
(a) - Anti-dilutive securities excluded:     -