v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Revenues:    
Total revenues $ 189,771,860 $ 57,415,267
Costs and operating expenses:    
Airfreight services 51,625,775 16,736,941
Ocean freight and ocean services 116,587,742 27,866,233
Contract logistics 390,400 264,068
Customs brokerage and other services 12,925,092 8,144,882
Salaries and related costs 2,751,380 2,100,889
Professional fees 293,867 418,616
Rent and occupancy 480,209 485,544
Selling and promotion 1,033,128 1,062,553
Depreciation and amortization 193,799 190,819
Fees on factoring agreements 27,000 474,060
Other 268,120 222,700
Total costs and operating expenses 186,576,512 57,967,305
Income (loss) from operations 3,195,348 (552,038)
Other income (expenses)    
Interest expense, net (1,290,279) (32,439)
Amortization of debt discount (385,480)
Gain on extinguishment of convertible notes payable 780,050
Gain on forgiveness of promissory note 358,236
Total other expenses (537,473) (32,439)
Net income (loss) before income taxes 2,657,875 (584,477)
Income tax expense 634,459 16,694
Net income (loss) $ 2,023,416 $ (601,171)
Net income (loss) per common share    
– basic $ 0.00 $ (0.06)
– diluted $ 0.00 $ (0.06)
Weighted average common shares outstanding    
– basic 1,611,146,398 10,000,000
– diluted 10,106,876,513 10,000,000
Airfreight Services [Member]    
Revenues:    
Total revenues $ 52,162,641 $ 17,498,884
Ocean Freight and Ocean Services [Member]    
Revenues:    
Total revenues 123,300,758 30,652,866
Contract Logistics [Member]    
Revenues:    
Total revenues 722,664 688,710
Customs Brokerage And Other Services [Member]    
Revenues:    
Total revenues $ 13,585,797 $ 8,574,807