Convertible Debt [Table Text Block] |
Convertible notes payable short-term consisted of the following: | | November 30, | | | | | | 2015 | | May 31, 2015 | | | | (Unaudited) | | | | Beginning balance Principal | | $ | 304,000 | | $ | 1,600,000 | | Proceeds Convertible notes payable - June 23rd note | | | 359,000 | | | 404,000 | | Convertible notes payable July 8th note current portion | | | 236,798 | | | - | | Convertible notes payable Lighthouse Note 1 current portion | | | 499,676 | | | - | | Convertible notes payable Lighthouse Note 2 current portion | | | 312,298 | | | - | | Repayment of loans | | | (204,000) | | | (1,100,000) | | Conversion of loans | | | - | | | (600,000) | | Debt discount for restricted stock and beneficial conversion feature for convertible notes payable net of accumulated amortization of $1,530,056 and $1,494,544, respectively | | | - | | | (101,932) | | Net balance | | $ | 1,507,772 | | $ | 202,068 | | Convertible notes payable long-term consisted of the following: | | November 30, | | | | | | 2015 | | May 31, 2015 | | | | (Unaudited) | | | | Convertible notes payable July 8th note: | | | | | | | | Proceeds Principal | | $ | 3,920,000 | | $ | - | | Payments | | | - | | | - | | Conversions | | | - | | | - | | Debt discount for restricted stock and beneficial conversion feature for convertible notes payable net of accumulated amortization of $765,196 and $0, respectively | | | (2,490,153) | | | - | | | | | 1,429,847 | | | - | | Less current portion | | | (236,798) | | | - | | | | | 1,193,049 | | | - | | | | | | | | | | Promissory note Lighthouse Note 1: | | | | | | | | Beginning balance Principal | | | 2,498,379 | | | - | | Payment | | | (124,919) | | | - | | | | | 2,373,460 | | | - | | Less current portion | | | (499,676) | | | - | | | | | 1,873,784 | | | - | | | | | | | | | | Promissory note Lighthouse Note 2: | | | | | | | | Beginning balance - Principal | | | 624,595 | | | - | | Payment | | | (78,074) | | | - | | | | | 546,521 | | | - | | Less current portion | | | (312,298) | | | - | | | | | 234,223 | | | - | | Total Promissory notes long-term, net balance | | $ | 3,301,056 | | $ | - | | |
Schedule of Maturities of Long-term Debt [Table Text Block] |
Lighthouse Note 1 | | | | | | | | | | | | Twelve months | | | | Year ended | | | | ended | | | | May 31, | | Amount | | November 30, | | Amount | | 2016 | | $ | 249,838 | | | 2016 | | $ | 499,676 | | 2017 | | | 499,676 | | | 2017 | | | 499,676 | | 2018 | | | 1,249,190 | | | 2018 | | | 1,374,108 | | Thereafter | | | 374,756 | | | Thereafter | | | - | | Total | | $ | 2,373,460 | | | Total | | $ | 2,373,460 | | Lighthouse Note 2 | | | | | | | | | | | | Twelve months | | | | Year ended | | | | ended | | | | May 31, | | Amount | | November 30, | | Amount | | 2016 | | $ | 156,149 | | | 2016 | | $ | 312,298 | | 2017 | | | 312,298 | | | 2017 | | | 234,223 | | 2018 | | | 78,074 | | | 2018 | | | - | | Total | | $ | 546,521 | | | Total | | $ | 546,521 | | |
Schedule of Maturities of Convertible Debt [Table Text Block] |
| | | | Twelve months | | | | Year ended | | | | ended | | | | May 31, | | Amount | | November 30, | | Amount | | 2016 | | $ | - | | | 2016 | | $ | 980,000 | | 2017 | | | 3,920,000 | | | 2017 | | | 2,940,000 | | Total | | $ | 3,920,000 | | | Total | | $ | 3,920,000 | | |