MJ Harvest (MJHI) 10-Q14 Jan 222021 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Nov. 30, 2021	Dec. 30, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--05-31
Entity File Number	000-56250
Entity Registrant Name	MJ Harvest, Inc.
Entity Central Index Key	0001789330
Entity Tax Identification Number	82-3400471
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	9205 W. Russell Road
Entity Address, Address Line Two	Suite 240
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89139
City Area Code	(954)
Local Phone Number	519-3115
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,068,952

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Nov. 30, 2021	May 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 24,033	$ 123,319
Accounts receivable	15,700
Inventory	28,493	28,159
Total current assets	68,226	151,478
Investments	3,091,666	1,000,000
Fixed assets, net	8,319	10,839
Finite-lived intangible assets, net	118,334	125,834
Indefinite-lived intangible assets, net	6,000	6,000
Total non-current assets	3,224,319	1,142,673
Total Assets	3,292,545	1,294,151
CURRENT LIABILITIES:
Accounts payable and other current liabilities	177,694	103,815
Accounts payable to related party	149,593	77,779
Notes payable, net of discount	900,000	350,000
Total Current Liabilities	1,227,287	531,594
LONG-TERM LIABILITIES:
Common stock payable	118,785	100,000
Advances from related parties	1,611,482	1,317,982
Total long-term liabilities	1,730,267	1,417,982
Total Liabilities	2,957,554	1,949,576
Preferred stock, par value $0.0001, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value per share, 100,000,000 shares authorized, 32,787,446 and 25,302,122 issued and outstanding, respectively	3,279	2,530
Additional paid-in capital	10,860,040	8,440,302
Accumulated deficit	(10,528,328)	(9,098,257)
Total stockholders’ equity (deficit)	334,991	(655,425)
Total Liabilities and Stockholders’ Equity (Deficit)	$ 3,292,545	$ 1,294,151

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Nov. 30, 2021	May 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred shares authorized	5,000,000	5,000,000
Preferred shares issued	0	0
Preferred shares outstanding	0	0
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	32,787,446	25,302,122
Common stock shares outstanding	32,787,446	25,302,122

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Income Statement [Abstract]
REVENUE	$ 48,367	$ 42,307	$ 123,052	$ 73,136
COST OF REVENUE	16,240	16,953	36,369	30,134
Gross profit	32,127	25,354	86,683	43,002
OPERATING EXPENSES:
Officer and director compensation	203,785	135,000	347,359	265,000
General and administrative	38,519	17,564	64,873	36,383
Professional fees and contract services	79,372	144,171	145,691	239,853
Advertising and promotion	67,516		347,373
Total operating expenses	389,192	296,735	905,296	541,236
NON-OPERATING EXPENSES
Interest and financing expense	132,812		611,458
NET LOSS FROM CONTINUING OPERATIONS	(489,877)	(271,381)	(1,430,071)	(498,234)
LOSS FROM DISCONTINUED OPERATIONS
Operating loss on discontinued operations				(4,151)
Loss on discontinued operations		(10,000)		(10,000)
NET LOSS FROM DISCONTINUED OPERATIONS		(10,000)		(14,151)
NET LOSS	$ (489,877)	$ (281,381)	$ (1,430,071)	$ (512,385)
From continuing operations	$ (0.02)	$ (0.01)	$ (0.05)	$ (0.02)
From discontinued operations
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - Basic and diluted	31,955,781	22,997,841	29,163,613	22,945,071

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY ( DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCES May 31, 2021 at May. 31, 2020	$ 2,289	$ 3,763,374	$ (4,182,394)	$ (416,731)
Beginning Balance, Shares at May. 31, 2020	22,892,874
Net loss			(512,385)	(512,385)
Shares issued for services	46	122,485		122,531
BALANCES, November 30, 2021 at Nov. 30, 2020	$ 2,335	3,885,859	(4,694,779)	(806,585)
Shares issued for services	454,857
Ending Balance, Shares at Nov. 30, 2020	23,347,731
BALANCES May 31, 2021 at Aug. 31, 2020	$ 2,289	3,763,374	(4,413,398)	(647,735)
Beginning Balance, Shares at Aug. 31, 2020	22,892,874
Net loss			(281,381)	(281,381)
Shares issued for services	16	62,944		62,960
BALANCES, November 30, 2021 at Nov. 30, 2020	$ 2,335	3,885,859	(4,694,779)	(806,585)
Shares issued for common stock payable	296,857
Shares issued for services	158,000
Shares issued for common stock payable	$ 30	59,541		59,571
Ending Balance, Shares at Nov. 30, 2020	23,347,731
BALANCES May 31, 2021 at May. 31, 2021	$ 2,530	8,440,302	(9,098,257)	(655,425)
Beginning Balance, Shares at May. 31, 2021	25,302,122
Net loss			(1,430,071)	(1,430,071)
Shares issued for services	55	228,766		228,821
Shares issued for investments	$ 654	2,091,012		2,091,666
Shares issued for investments	6,538,259
BALANCES, November 30, 2021 at Nov. 30, 2021	$ 3,279	10,860,040	(10,528,328)	334,991
Shares issued for common stock payable	400,000
Shares issued for services	547,065
Shares issued for common stock payable	$ 40	99,960		100,000
Ending Balance, Shares at Nov. 30, 2021	32,787,446
BALANCES May 31, 2021 at Aug. 31, 2021	$ 3,145	10,311,603	(10,038,451)	276,297
Beginning Balance, Shares at Aug. 31, 2021	31,449,344
Net loss			(489,877)	(489,877)
Shares issued for investments	$ 57	299,943		300,000
Shares issued for investments	566,037
BALANCES, November 30, 2021 at Nov. 30, 2021	$ 3,279	10,860,040	(10,528,328)	334,991
Shares issued for common stock payable	772,065
Shares issued for common stock payable	$ 77	$ 248,494		$ 248,571
Ending Balance, Shares at Nov. 30, 2021	32,787,446

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Nov. 30, 2021	Nov. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,430,071)	$ (512,385)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	10,020	23,145
Share based compensation	347,606	181,102
Advances to related party for services	140,000	140,000
Amortization of note payable discount	550,000
Changes in operating assets and liabilities:
Accounts receivable	(15,700)	5,981
Vendor deposits		20,000
Inventory	(334)	763
Payable for discontinued operations		8,000
Accounts payable and other current liabilities	73,879	(54,935)
Accounts payable to related party	71,814	35,000
NET CASH (USED IN) OPERATING ACTIVITIES	(252,786)	(153,329)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from advances by related parties	153,500	126,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	153,500	126,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	(99,286)	(27,329)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	123,319	32,343
CASH AND CASH EQUIVALENTS END OF PERIOD	24,033	5,014
Non-cash financing and investing activities:
Shares issued for common stock payable	100,000	59,571
Shares issued for investments	2,091,666
Shares to be cancelled on discontinued operations (Note 10)		$ 336,875

NATURE OF BUSINESS AND SIGNIFIC

NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	Nov. 30, 2021
Accounting Policies [Abstract]
NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business MJ Harvest, Inc. (the “Company”), develops, acquires, and distributes agricultural and horticultural tools and implements for sale primarily to growers and operators in the hemp and cannabis retail industry. The Company owns 100% of G4 Products LLC, (“G4”) which owns intellectual property for a patented manual debudder product line marketed under the Original 420 Brand as the Debudder Bucket Lid and Edge. The Company also owns 100% of AgroExports LLC (“Agro”) which serves as the domestic and international distribution arm for sales of agricultural and horticultural tools and implements. The Company operates its sales portal website, www.procannagro.com, for online sales of its products. In 2019, the Company formed AgroExports.CA ULC (“Agro Canada”), a wholly owned Canadian subsidiary in order to facilitate online payments from sales in Canada. Sales in Canada are currently serviced through a fulfillment center in Toronto. In the year ending May 31, 2021, the Company expanded its focus to include a minority investment interest in PPK Investment Group, Inc. (“PPK”), a vertically integrated cannabis company in Oklahoma that operates as a grower, harvester, processor, manufacturer and distributor of the Country Cannabis Brand of cannabis products. The investment in PPK represents a shift in focus from an agricultural implements-based business to a broader cannabis industry focus. The Company has continued to expand its cannabis focus in the current year with new investments in WDSY LLC and BLIP Holdings LLC, owners of the Weedsy and BLVK brands, respectively. Basis of Presentation and Consolidation The Company’s fiscal year-end is May 31. The unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim financial statements have been included. Operating results for the three and six-month periods ended November 30, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending May 31, 2022. For further information refer to the financial statements and footnotes thereto in the Company’s audited financial statements for the year ended May 31, 2021 in the Form 10-K as filed with the Securities and Exchange Commission. The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries Agro, G4, and Agro Canada. All subsidiaries were wholly owned in the periods presented. All intercompany transactions have been eliminated. Going Concern The Company has an accumulated deficit as of November 30, 2021 of $ 10,528,328 Additional acquisitions and business opportunities are under consideration, but the Company has not reached agreement with any other acquisition candidates or business opportunities. Management intends to finance operating costs over the next twelve months with cash flows from operations, private placement or public offering of common stock or debt instruments, and when necessary, advances from directors and officers. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Share based compensation, impairment of long-lived assets, amortization of intangible assets, and income taxes are subject to estimates. Actual results could differ from those estimates. Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation. New Accounting Standards In August 2020, the FASB issued ASU No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update is to address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. Management is evaluating the impact of this update on the Company’s consolidated financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. Revenue Recognition The Company generates revenue based on sales of products and revenue is recognized when the Company satisfies its performance obligation by shipping products to our customers. Our products consist of agricultural tools and implements, soils, and soil additives used primarily in growing and harvesting hemp and marijuana. Shipments terms are FOB origination, and revenue is recognized when the product is delivered to the shipper by our fulfillment centers or, in the case of drop shipments of distributed products, when the products are shipped from the manufacturer. At the time the products are delivered to the shipper, no other performance obligations remain. Revenue is recognized in an amount that reflects the consideration that is received in exchange for the products shipped. The Company accounts for shipping and handling activities as a fulfillment cost and include fees received for shipping and handling as part of the transaction price. Provision for sales incentives, discounts, and returns and allowances, if applicable, are accounted for as reductions of revenue in the period the related sales are recorded. Sales incentives, discounts and returns and allowances were not material in the periods presented in the accompanying consolidated financial statements. The Company had no warranty costs associated with the sales of its products in the periods presented in the accompanying consolidated statements of operations and no provision for warranty expenses has been included. I nventory Inventory consists of purchased products and is stated at the lower of cost or market, with cost being determined using the average cost method. Allowances for obsolete inventory are recognized when the inventory is determined to be unsalable through the normal course of business. Investments Equity securities are generally measured at fair value. Unrealized gains and losses for equity securities are included in earnings. If an equity security does not have a readily determinable fair value, the Company may elect to measure the security at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment in the same issuer. At the end of each reporting period, the Company reassesses whether an equity security without a readily determinable fair value qualifies to be measured at cost minus impairment, considers whether impairment indicators exist to evaluate whether the investment is impaired and, if so, records an impairment loss. Upon sale of an equity security, the realized gain or loss is recognized in earnings. Intangible Assets Intangible asset amounts are initially recognized at the acquisition date fair values of intangible assets acquired. Finite-lived intangible assets are amortized over their useful lives. The carrying amounts of finite-lived intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that the Company may be unable to recover the asset’s carrying amount. When there is no foreseeable limit on the period of time over which an intangible asset is expected to contribute to the cash flows of the Company, an intangible asset is determined to have an indefinite life. Indefinite life intangible assets are not amortized but tested for impairment annually or more frequently when indicators of impairment exist. Determination of acquisition date fair values and intangible asset impairment tests require judgment. Significant judgments required to estimate the fair value of intangible assets include determining the appropriate valuation method, identifying market prices for similar type items, estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates. Net Earnings (Loss) Per Share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive. During the three months ended August 31, 2021, the Company had 3,000,000 warrants outstanding which were anti-dilutive due to the net loss recognized in the period. In the three and six-month periods ended November 30, 2021, the Company had no common stock equivalents outstanding. Share-Based Payments All transactions in which goods or services are received for the issuance of shares of the Company’s common stock are accounted for based on the fair value of the common stock issued and recognized when the board of directors authorizes the issuance.

FIXED ASSETS

FIXED ASSETS	6 Months Ended
FIXED ASSETS	Nov. 30, 2021
Property, Plant and Equipment [Abstract]
FIXED ASSETS	NOTE 2 – FIXED ASSETS Fixed assets consisted of the following at November 30, 2021 and May 31, 2021: Schedule of fixed assets November 30, May 31, Property & Equipment 2021 2021 Equipment - production molds $ 25,109 $ 25,109 Less: Accumulated amortization (16,790 ) (14,270 ) Net Equipment $ 8,319 $ 10,839 Depreciation expense for the three and six-month periods ended November 30, 2021 were $ 1,260 2,520 1,260 2,520

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
INTANGIBLE ASSETS	Nov. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 3 - INTANGIBLE ASSETS The Company’s intangible assets consist of both finite and indefinite lived assets. At November 30, 2021 and May 31, 2021, intangibles assets are: Schedule of intangible assets November 30, May 31, Intangibles 2021 2021 Finite lived intangibles Patents $ 250,000 $ 250,000 Less: impairment of patents (100,000 ) (100,000 ) 150,000 150,000 Less: accumulated amortization (31,666 ) (24,166 ) Patents, net 118,334 125,834 Non-compete agreement — 157,000 Less: impairment of non-compete — (107,000 ) — 50,000 Less: accumulated amortization — (6,900 ) Less: adjustment for discontinued operations — (43,100 ) Non-compete agreement, net — — Customer relationships — 826,000 Less: impairment of relationships — (551,000 ) — 275,000 Less: accumulated amortization — (6,225 ) Less: adjustment for discontinued operations — (268,775 ) Customer relationships, net — — Total finite lived intangibles 118,334 125,834 Indefinite lived intangibles Domain names 6,000 31,000 Less: adjustment for discontinued operations — (25,000 ) Total domain names 6,000 6,000 Total intangibles $ 124,334 $ 131,834 Amortization expense for the three and six-month periods ended November 30, 2021 were $3,750 and $ 7,500 On May 28, 2021, the Company acquired the domain name, MJHI.com for $6,000. The new domain name matches the Company’s stock symbol and is likely to be easier for customers and other stakeholders to remember. The domain name is an indefinite lived intangible asset and will not be amortized.

NVESTMENTS

NVESTMENTS	6 Months Ended
NVESTMENTS	Nov. 30, 2021
Nvestments
NVESTMENTS	NOTE 4 – I NVESTMENTS At November 30, 2021 and May 31, 2021, investments are: Schedule of investments November 30, May 31, Investments 2021 2021 PPK Investment Group, Inc. $ 2,791,666 $ 1,000,000 WDSY, LLC 200,000 — BLIP Holdings, LLC 100,000 — Total investments $ 3,091,666 $ 1,000,000 PPK On March 24, 2021, the Company, as lender, closed a loan to PPK Investment Group, Inc. (“PPK”) in the form of a convertible note (“Note”) in the amount of $620,000. The convertible note bore interest at 6% per annum and was due on September 1, 2021. In accordance with its terms, the Company converted the Note on May 19, 2021 into a 6.2% interest in PPK. Upon conversion, the interest accrued of $5,707 through the date of conversion was forgiven. Upon conversion, a Securities Purchase Agreement dated March 24, 2021 (the “PPK Agreement”) became effective and the Company acquired an additional 3.8% interest in PPK (10% in total) for payment of $380,000 by issuance of 1,520,000 shares of restricted common stock of the Company. The fair value of shares was $972,800 based on the closing price of the Company’s shares of $0.64. The Company determined that the fair value of the 3.8% interest on the conversion date was $380,000 which was the negotiated price between the two parties. Thus, the Company recorded an impairment expense of $592,800 on the conversion date. The PPK Agreement includes a put option allowing PPK to put shares of the Company’s common stock received as part of the Company’s investment in PPK, back to the Company at $0.25 per share. The put option protects PPK against a drop in the market price of the Company’s common stock below $0.25 per share. The put option may be exercised after six months from the date of the investment on May 19, 2021. Not more than 5% of the total shares held by PPK can be put back to the Company in any calendar quarter. The put option had no value at November 30, 2021 and May 31, 2021 as the Company’s common stock was trading above $0.25 on both dates. The PPK Agreement gives the Company the right to increase its investment up to a 100% ownership interest in PPK, provided such increased ownership is in compliance with Oklahoma State cannabis licensing requirements. Terms of purchase for increased ownership of PPK will be similar to those as the initial acquisition with a combination of cash and shares of the Company’s common stock. On August 26, 2021, the Company acquired an additional 15% interest in PPK (25% ownership in total) pursuant to a Securities Purchase Agreement with an effective date of May 19, 2021 through issuance of 5,972,222 shares of restricted common stock valued at $1,791,666 based on the closing price of the Company’s common stock on the of $0.30 per share as of August 16, 2021, the date fixed by agreement for pricing the issuance of the shares. The additional 15% acquisition under the Securities Purchase Agreement called for payment of $930,000 in cash and $570,000 in stock, but by supplemental agreement, PPK agreed to accept payment for 15% in the form of all common stock of the Company. The Company, pursuant to the PPK Agreement, is also obligated to pay an earnout to PPK as follows: ● The Company is required to pay additional consideration to PPK for an earnout in the event the PPK business valuation at the end of a pre-determined look back period is greater than $10,000,000. For purposes of the earnout, the valuation will be based on three times earnings before interest, taxes, depreciation, and amortization (EBITDA). If EBITDA exceeds $3,333,333 in the twelve months immediately preceding the look back date of March 31, 2023, additional consideration will be owed to PPK under the earnout in an amount sufficient to equal the earnout valuation less $10,000,000 times the percentage of PPK then owned by the Company. Such additional consideration will be paid 62% in cash and 38% in shares of the Company’s common stock. ● The Company also agreed to employ Ralph Clinton Pyatt III (“Clinton Pyatt”), President of PPK, to continue his role as Chief Executive Officer and President of PPK business for a period of at least three years effective May 22, 2022. The Company also has an option to acquire the real estate that PPK utilizes in its operations. The real estate is currently under lease to PPK by an affiliated company owned by Clinton Pyatt, the President of PPK. WDSY and BLIP On October 8, 2021, the Company entered into two brand development agreements with WDSY, LLC (“WDSY”) and Blip Holdings, LLC (“BLIP”) for expansion of the “WEEDSY” and “BLVK” brands, respectively, into Oklahoma and South Dakota. Under the agreements, PPK will manufacture and distribute these brands in Oklahoma and South Dakota and will pay the respective companies 10% royalties on all net sales of the branded products in those territories. On October 8, 2021, the Company acquired a 10% interest in WDSY in exchange for 377,358 shares of the Company’s common stock and a 10% interest in BLIP in exchange for 188,679 shares of the Company’s common stock. The shares to be issued were valued at the closing price of the common stock, $0.53 per share, on October 8, 2021. Additional shares may be due to WDSY and BLIP based on lookback valuations of both companies. The lookback valuations will be based on trailing twelve months sales for WDSY and trailing three-month sales for BLIP on the second anniversary of each agreement, or sooner if the agreements are terminated before the second anniversaries. At November 30, 2021, management has assessed the probability of a potential liability due under the lookback valuation provisions of WDSY and BLIP to be low and no stock payable was due.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
NOTES PAYABLE	Nov. 30, 2021
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 5 – NOTES PAYABLE On March 22, 2021, the Company entered into agreements with AJB Capital Investments LLC (“AJB”) and SDT Holdings LLC (“SDT”) for the purchase of an aggregate of $900,000 in Promissory Notes (the “Notes”), $300,000 from AJB and $600,000 for SDT. The terms of the Notes are the same except for the dollar amounts and fees which are double for SDT compared to AJB. The terms of the Notes are described below in the aggregate. The Notes provided for an original issue discount of 10% or $90,000, payment of legal fees of $22,500, and payment of $10,500 for due diligence fees, resulting in net proceeds to the Company of $777,000. The Notes bore interest at the rate of 12% for the period from March 22 through September 22, 2021 and bear interest at the rate of 15% from September 23, 2021 through March 22, 2022. On September 20, 2021, the Company extended the Notes for an additional six months. The Notes are now due March 21, 2022. The Notes are secured by all assets of the Company. Interest on the notes is payable in monthly installments of $11,250 ($9,000 for the first six months of the term) on the first of each month with the first payment due on April 1, 2021. An aggregate of $32,100 and $59,100 in interest was recognized as an expense on the notes in the three and six-month periods ended November 30, 2021. At November 30, 2021, $11,250 of the accrued interest was outstanding and was paid in December 2021. In March 2021, the Company also paid a financing fee of $3,683,000 by issuance of 1,200,000 shares of its restricted common stock and 3,000,000 warrants to purchase shares that are exercisable at $0.38 per share with a three-year term expiring on March 21, 2024. The financing fee shares were valued at $1,800,000 based on the closing price of the Company’s common stock on the date of the borrowing. The warrants were valued at $1,883,000 using the Black-Scholes method based on a current stock price of $1.50 per share on the warrant issuance date, exercise price of $0.38, an expected term of three years, stock volatility of 334.5% and a discount rate of .32%. One half of the warrants were redeemable for an aggregate payment of $1.00 if the notes payable were paid in full by September 21, 2021. The Company extended the notes on September 20, 2021 for six months and the redemption provision has now expired. In the aggregate, financing fees and original issue discount totaled $3,806,000 which is greater than the note payable balance of $900,000. As a result, the Company recorded a full discount of $900,000 against the balance of the note payable and is amortizing the discount over the term of the note. During the three and six-month periods ended November 30, 2021, the Company recognized $450,000 and $550,000 respectively, of amortization expense as interest and finance expense. The remaining amount of the financing fees of $2,906,000 was recognized as expense for the year ended May 31, 2021. In an event of default, the remaining principal amount of the notes plus all accrued interest and any other fees then due may be converted at the sole election of the note holders into shares of the Company’s common stock.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Nov. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES Agreement with Borders Consulting LLC. On November 29, 2021, the Company reached a settlement agreement with Borders providing for a final payment of $10,000 in cash and 200,000 shares of common stock. As a result of the settlement agreement, an aggregate of $90,000 ($0.45 per share on the settlement date) was paid in during the six month period ended November 30, 2021. At November 30, 2021, the Company owed $10,000 to Borders which is included in accounts payable. The settlement agreement provides for this amount to be paid in four monthly installments commencing on December 1, 2021. Total of all payments under the initial agreement of $250,250 have been recognized as advertising and promotion on the consolidated statements of operations for the six months ended November 30, 2021.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Nov. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS At November 30, 2021 and May 31 2021, the Company had advances from and costs of services provided by related parties totaling $1,6111,482 and $1,317,982, respectively. These amounts are classified as long-term liabilities as it is anticipated they will be settled with shares of the Company’s common stock. These amounts consisted of the following: Schedule of related party transactions Related Party Advances at Additions During the Three Months Ended August 31, 2021 Additions During the Three Months Ended November 30, 2021 Related Party Advances at May 31, 2021 Advances Services Advances Services November 30, 2021 Related Parties Patrick Bilton, CEO and Director Cash Advances $ 928,414 $ 64,000 $ — $ 87,500 $ — $ 1,079,914 Payable for services 280,000 70,000 — 70,000 420,000.0 David Tobias, Director 80,553 — — 2,000 — 82,553.0 Jerry Cornwell, Director 29,015 — — — — 29,015 Total for related parties $ 1,317,982 $ 64,000 $ 70,000 $ 89,500 $ 70,000 $ 1,611,482 Related Party Advances at Additions During the Three Months Ended August 31, 2020 Additions During the Three Months Ended November 30, 2020 Related Party Advances at May 31, 2020 Advances Services Advances Services November 30, 2020 Related Parties Patrick Bilton, CEO and Director Cash Advances $ 726,414 $ 65,000 $ — $ 55,000 $ — $ 846,414 Payable for services — — — — 140,000 $ 140,000 David Tobias, Director 80,553 — — — — 80,553 Jerry Cornwell, Director 23,015 1,000 — 5,000 — 29,015 Total for related parties $ 829,982 $ 66,000 $ — $ 60,000 $ 140,000 $ 1,095,982 Nexit, Inc., a company solely owned by Brad Herr, the Company’s Chief Financial Officer, was owed $149,593 and $77,779 at November 30, 2021 and May 31, 2021, respectively, for services. These amounts are included in accounts payable to related party.

SHARE CAPITAL

SHARE CAPITAL	6 Months Ended
SHARE CAPITAL	Nov. 30, 2021
Equity [Abstract]
SHARE CAPITAL	NOTE 8 – SHARE CAPITAL In the three and six-month periods ended November 30, 2021 and November 30, 2020, shares were issued for stock payable, services and investments in the amounts set forth in the following table. Schedule of common stock issued Three Months Value of Shares Issued for: Three Months Ended November 30, 2021 Total Shares Issued Stock Payable Services Investment and Other Total Value Stock Payable Related Parties David Tobias, Director 29,377 $ 10,000 $ — $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 29,377 10,000 — — 10,000 10,000 Brad Herr, CFO 44,066 15,000 — — 15,000 15,000 Randy Lanier, Director 25,179 8,571 8,571 68,785 Total for related parties 127,999 43,571 — — 43,571 103,785 Unrelated Parties 1,210,103 146,979 57,921 300,000 504,900 15,000 Aggregate Totals November 30, 2021 1,338,102 $ 190,550 $ 57,921 $ 300,000 $ 548,471 $ 118,785 Three Months Ended November 30, 2020 Related Parties David Tobias, Director 50,000 $ 10,000 $ — $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 50,000 10,000 — — 10,000 10,000 Brad Herr, CFO 75,000 15,000 — — 15,000 15,000 Randy Lanier, Director — — — — — — Total for related parties 175,000 35,000 — — 35,000 35,000 Unrelated Parties 279,857 24,571 62,960 — 87,531 123,571 Aggregate Totals November 30, 2020 454,857 $ 59,571 $ 62,960 $ — $ 122,531 $ 158,571 Six Months Value of Shares Issued for: Six Months Ended November 30, 2021 Total Shares Issued Stock Payable Services Investment and Other Total Value Stock Payable Related Parties David Tobias, Director 29,377 $ — $ 10,000 $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 29,377 — 10,000 — 10,000 10,000 Brad Herr, CFO 44,066 — 15,000 — 15,000 15,000 Randy Lanier, Director 25,179 — 8,571 — 8,571 68,785 Total for related parties 127,999 — 43,571 — 43,571 103,785 Unrelated Parties 7,357,325 100,000 185,250 2,091,666 2,376,916 15,000 Aggregate Totals November 30, 2021 7,485,324 $ 100,000 $ 228,821 $ 2,091,666 $ 2,420,487 $ 118,785 Six Months Ended November 30, 2020 Related Parties David Tobias, Director 50,000 $ — $ 10,000 $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 50,000 — 10,000 — 10,000 10,000 Brad Herr, CFO 75,000 — 15,000 — 15,000 15,000 Randy Lanier, Director — — — — — — Total for related parties 175,000 — 35,000 — 35,000 35,000 Unrelated Parties 279,857 — 87,531 — 87,531 123,571 Aggregate Totals November 30, 2020 454,857 $ — $ 122,531 $ — $ 122,531 $ 158,571

REVENUE FROM CONTINUING OPERATI

REVENUE FROM CONTINUING OPERATIONS	6 Months Ended
REVENUE FROM CONTINUING OPERATIONS	Nov. 30, 2021
Revenue From Continuing Operations
REVENUE FROM CONTINUING OPERATIONS	NOTE 9 – REVENUE FROM CONTINUING OPERATIONS The Company product revenue is generated though sales of its debudder products produced by third parties and distributed by the Company. The Company’s customers, to which trade credit terms are extended, consist almost exclusively of domestic companies. The following table sets out product sales for the three and six-month periods ended November 30, 2021 and 2020, along with customer concentration information for each period. Schedule of revenues Three months ended November 30, 2021 2020 Debudder product revenues $ 48,367 $ 42,307 Customer concentrations Debudder sales Customer A $ 23,500 $ — Customer B 23,760 — Customer C — 19,885 Customer D — 12,100 Totals $ 47,260 $ 31,985 % of total revenues 98 % 76 % Six months ended November 30, 2021 2020 Debudder product revenues $ 123,052 $ 73,136 Customer concentrations Debudder sales Customer A $ 37,900 $ — Customer B 23,760 — Customer C 14,680 34,285 Customer D 43,320 26,130 Totals $ 119,660 $ 60,415 % of total revenues 97 % 83 % All sales were domestic except international sales of $23,760 and $23,852 in the three and six-month periods ended November 30, 2021, respectively. All sales were domestic except international sales of $3,471 and $4,021 in the three and six-month periods ended November 30, 2020, respectively. As of November 30, 2021 and May 31, 2021, there were $15,700 and nil, respectively, of accounts receivable from the Company’s primary customers.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
DISCONTINUED OPERATIONS	Nov. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 10 – DISCONTINUED OPERATIONS In the year ended May 31, 2021, the Company unwound its acquisition of assets from Elevated Ag Solutions, Inc. As a result of the unwinding, the net income (loss) from the Elevated business segment is included in Discontinued Operations in the statements of operations for all periods presented. As a result of the unwinding in the year ended May 31, 2021, the Company reversed the acquisition of intangible assets, cancelled 1,300,000 out of the 1,400,000 shares of common stock that were issued in the acquisition, and paid a $10,000 walk-away fee to the prior owners. Discontinued operations operating results for the three and six month periods ended November 30, 2021 and 2020 are reflected in the following tables. Schedule of discontinued operations Three and Six-Month Periods Ended November 30, 2021 Three and Six-Month Periods Ended November 30, 2020 Revenue $ — $ 75,217 Cost of revenue — 66,243 Amortization — 13,125 Gross profit — (4,151 ) Loss on discontinued operations — 10,000 $ — $ (14,151 )

IMPACT OF COVID-19

IMPACT OF COVID-19	6 Months Ended
IMPACT OF COVID-19	Nov. 30, 2021
Impact Of Covid-19
IMPACT OF COVID-19	NOTE 11 – IMPACT OF COVID-19 In March 2020, COVID-19 was declared a pandemic by the World Health Organization and the Centers for Disease Control and Prevention. Its rapid spread around the world and throughout the United States prompted many countries, including the United States, to institute restrictions on travel, public gatherings and certain business operations. These restrictions significantly disrupted economic activity in the United States and Worldwide. As of November 30, 2021 and through the date of filing of this Form 10-Q, the disruption did not materially impact the Company’s financial statements. The effects of the continued outbreak of COVID-19 and related government responses could include extended disruptions to supply chains and capital markets, reduced labor availability and a prolonged reduction in economic activity. These effects could have a variety of adverse impacts to the Company, including our ability to operate. As of November 30, 2021 there were no material adverse impacts to the Company’s operations due to COVID-19. The economic disruptions caused by COVID-19 could also adversely impact the impairment risks for certain long-lived assets. Management evaluated these impairment considerations and determined that no such impairments occurred as of May 31, 2021 or through the date of filing this Form 10-Q.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Nov. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS On December 1, 2021, the Company issued 167,796 shares of common stock valued at $83,785 to non-related parties and 87,500 shares of common stock valued at $$35,000 to officers and directors for stock payable at November 30, 2021 relating to services rendered in the quarter ended November 30, 2021. The shares were valued based on the closing price of the Company’s common stock on the OTCQB Market on dates the shares were authorized to be issued.

NATURE OF BUSINESS AND SIGNIF_2

NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Nov. 30, 2021
Accounting Policies [Abstract]
Nature of Business	Nature of Business MJ Harvest, Inc. (the “Company”), develops, acquires, and distributes agricultural and horticultural tools and implements for sale primarily to growers and operators in the hemp and cannabis retail industry. The Company owns 100% of G4 Products LLC, (“G4”) which owns intellectual property for a patented manual debudder product line marketed under the Original 420 Brand as the Debudder Bucket Lid and Edge. The Company also owns 100% of AgroExports LLC (“Agro”) which serves as the domestic and international distribution arm for sales of agricultural and horticultural tools and implements. The Company operates its sales portal website, www.procannagro.com, for online sales of its products. In 2019, the Company formed AgroExports.CA ULC (“Agro Canada”), a wholly owned Canadian subsidiary in order to facilitate online payments from sales in Canada. Sales in Canada are currently serviced through a fulfillment center in Toronto. In the year ending May 31, 2021, the Company expanded its focus to include a minority investment interest in PPK Investment Group, Inc. (“PPK”), a vertically integrated cannabis company in Oklahoma that operates as a grower, harvester, processor, manufacturer and distributor of the Country Cannabis Brand of cannabis products. The investment in PPK represents a shift in focus from an agricultural implements-based business to a broader cannabis industry focus. The Company has continued to expand its cannabis focus in the current year with new investments in WDSY LLC and BLIP Holdings LLC, owners of the Weedsy and BLVK brands, respectively.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company’s fiscal year-end is May 31. The unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim financial statements have been included. Operating results for the three and six-month periods ended November 30, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending May 31, 2022. For further information refer to the financial statements and footnotes thereto in the Company’s audited financial statements for the year ended May 31, 2021 in the Form 10-K as filed with the Securities and Exchange Commission. The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries Agro, G4, and Agro Canada. All subsidiaries were wholly owned in the periods presented. All intercompany transactions have been eliminated.
Going Concern	Going Concern The Company has an accumulated deficit as of November 30, 2021 of $ 10,528,328 Additional acquisitions and business opportunities are under consideration, but the Company has not reached agreement with any other acquisition candidates or business opportunities. Management intends to finance operating costs over the next twelve months with cash flows from operations, private placement or public offering of common stock or debt instruments, and when necessary, advances from directors and officers. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Share based compensation, impairment of long-lived assets, amortization of intangible assets, and income taxes are subject to estimates. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation.
New Accounting Standards	New Accounting Standards In August 2020, the FASB issued ASU No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update is to address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. Management is evaluating the impact of this update on the Company’s consolidated financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption.
Revenue Recognition	Revenue Recognition The Company generates revenue based on sales of products and revenue is recognized when the Company satisfies its performance obligation by shipping products to our customers. Our products consist of agricultural tools and implements, soils, and soil additives used primarily in growing and harvesting hemp and marijuana. Shipments terms are FOB origination, and revenue is recognized when the product is delivered to the shipper by our fulfillment centers or, in the case of drop shipments of distributed products, when the products are shipped from the manufacturer. At the time the products are delivered to the shipper, no other performance obligations remain. Revenue is recognized in an amount that reflects the consideration that is received in exchange for the products shipped. The Company accounts for shipping and handling activities as a fulfillment cost and include fees received for shipping and handling as part of the transaction price. Provision for sales incentives, discounts, and returns and allowances, if applicable, are accounted for as reductions of revenue in the period the related sales are recorded. Sales incentives, discounts and returns and allowances were not material in the periods presented in the accompanying consolidated financial statements. The Company had no warranty costs associated with the sales of its products in the periods presented in the accompanying consolidated statements of operations and no provision for warranty expenses has been included.
nventory	I nventory Inventory consists of purchased products and is stated at the lower of cost or market, with cost being determined using the average cost method. Allowances for obsolete inventory are recognized when the inventory is determined to be unsalable through the normal course of business.
Investments	Investments Equity securities are generally measured at fair value. Unrealized gains and losses for equity securities are included in earnings. If an equity security does not have a readily determinable fair value, the Company may elect to measure the security at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment in the same issuer. At the end of each reporting period, the Company reassesses whether an equity security without a readily determinable fair value qualifies to be measured at cost minus impairment, considers whether impairment indicators exist to evaluate whether the investment is impaired and, if so, records an impairment loss. Upon sale of an equity security, the realized gain or loss is recognized in earnings.
Intangible Assets	Intangible Assets Intangible asset amounts are initially recognized at the acquisition date fair values of intangible assets acquired. Finite-lived intangible assets are amortized over their useful lives. The carrying amounts of finite-lived intangible assets are evaluated for recoverability whenever events or changes in circumstances indicate that the Company may be unable to recover the asset’s carrying amount. When there is no foreseeable limit on the period of time over which an intangible asset is expected to contribute to the cash flows of the Company, an intangible asset is determined to have an indefinite life. Indefinite life intangible assets are not amortized but tested for impairment annually or more frequently when indicators of impairment exist. Determination of acquisition date fair values and intangible asset impairment tests require judgment. Significant judgments required to estimate the fair value of intangible assets include determining the appropriate valuation method, identifying market prices for similar type items, estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates.
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive. During the three months ended August 31, 2021, the Company had 3,000,000 warrants outstanding which were anti-dilutive due to the net loss recognized in the period. In the three and six-month periods ended November 30, 2021, the Company had no common stock equivalents outstanding.
Share-Based Payments	Share-Based Payments All transactions in which goods or services are received for the issuance of shares of the Company’s common stock are accounted for based on the fair value of the common stock issued and recognized when the board of directors authorizes the issuance.

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	6 Months Ended
FIXED ASSETS (Tables)	Nov. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of fixed assets	Schedule of fixed assets November 30, May 31, Property & Equipment 2021 2021 Equipment - production molds $ 25,109 $ 25,109 Less: Accumulated amortization (16,790 ) (14,270 ) Net Equipment $ 8,319 $ 10,839

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
INTANGIBLE ASSETS (Tables)	Nov. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets November 30, May 31, Intangibles 2021 2021 Finite lived intangibles Patents $ 250,000 $ 250,000 Less: impairment of patents (100,000 ) (100,000 ) 150,000 150,000 Less: accumulated amortization (31,666 ) (24,166 ) Patents, net 118,334 125,834 Non-compete agreement — 157,000 Less: impairment of non-compete — (107,000 ) — 50,000 Less: accumulated amortization — (6,900 ) Less: adjustment for discontinued operations — (43,100 ) Non-compete agreement, net — — Customer relationships — 826,000 Less: impairment of relationships — (551,000 ) — 275,000 Less: accumulated amortization — (6,225 ) Less: adjustment for discontinued operations — (268,775 ) Customer relationships, net — — Total finite lived intangibles 118,334 125,834 Indefinite lived intangibles Domain names 6,000 31,000 Less: adjustment for discontinued operations — (25,000 ) Total domain names 6,000 6,000 Total intangibles $ 124,334 $ 131,834

NVESTMENTS (Tables)

NVESTMENTS (Tables)	6 Months Ended
NVESTMENTS (Tables)	Nov. 30, 2021
Nvestments
Schedule of investments	Schedule of investments November 30, May 31, Investments 2021 2021 PPK Investment Group, Inc. $ 2,791,666 $ 1,000,000 WDSY, LLC 200,000 — BLIP Holdings, LLC 100,000 — Total investments $ 3,091,666 $ 1,000,000

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Nov. 30, 2021
Related Party Transactions [Abstract]
Schedule of related party transactions	Schedule of related party transactions Related Party Advances at Additions During the Three Months Ended August 31, 2021 Additions During the Three Months Ended November 30, 2021 Related Party Advances at May 31, 2021 Advances Services Advances Services November 30, 2021 Related Parties Patrick Bilton, CEO and Director Cash Advances $ 928,414 $ 64,000 $ — $ 87,500 $ — $ 1,079,914 Payable for services 280,000 70,000 — 70,000 420,000.0 David Tobias, Director 80,553 — — 2,000 — 82,553.0 Jerry Cornwell, Director 29,015 — — — — 29,015 Total for related parties $ 1,317,982 $ 64,000 $ 70,000 $ 89,500 $ 70,000 $ 1,611,482 Related Party Advances at Additions During the Three Months Ended August 31, 2020 Additions During the Three Months Ended November 30, 2020 Related Party Advances at May 31, 2020 Advances Services Advances Services November 30, 2020 Related Parties Patrick Bilton, CEO and Director Cash Advances $ 726,414 $ 65,000 $ — $ 55,000 $ — $ 846,414 Payable for services — — — — 140,000 $ 140,000 David Tobias, Director 80,553 — — — — 80,553 Jerry Cornwell, Director 23,015 1,000 — 5,000 — 29,015 Total for related parties $ 829,982 $ 66,000 $ — $ 60,000 $ 140,000 $ 1,095,982 Nexit, Inc., a company solely owned by Brad Herr, the Company’s Chief Financial Officer, was owed $149,593 and $77,779 at November 30, 2021 and May 31, 2021, respectively, for services. These amounts are included in accounts payable to related party.

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	6 Months Ended
SHARE CAPITAL (Tables)	Nov. 30, 2021
Equity [Abstract]
Schedule of common stock issued	Schedule of common stock issued Three Months Value of Shares Issued for: Three Months Ended November 30, 2021 Total Shares Issued Stock Payable Services Investment and Other Total Value Stock Payable Related Parties David Tobias, Director 29,377 $ 10,000 $ — $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 29,377 10,000 — — 10,000 10,000 Brad Herr, CFO 44,066 15,000 — — 15,000 15,000 Randy Lanier, Director 25,179 8,571 8,571 68,785 Total for related parties 127,999 43,571 — — 43,571 103,785 Unrelated Parties 1,210,103 146,979 57,921 300,000 504,900 15,000 Aggregate Totals November 30, 2021 1,338,102 $ 190,550 $ 57,921 $ 300,000 $ 548,471 $ 118,785 Three Months Ended November 30, 2020 Related Parties David Tobias, Director 50,000 $ 10,000 $ — $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 50,000 10,000 — — 10,000 10,000 Brad Herr, CFO 75,000 15,000 — — 15,000 15,000 Randy Lanier, Director — — — — — — Total for related parties 175,000 35,000 — — 35,000 35,000 Unrelated Parties 279,857 24,571 62,960 — 87,531 123,571 Aggregate Totals November 30, 2020 454,857 $ 59,571 $ 62,960 $ — $ 122,531 $ 158,571 Six Months Value of Shares Issued for: Six Months Ended November 30, 2021 Total Shares Issued Stock Payable Services Investment and Other Total Value Stock Payable Related Parties David Tobias, Director 29,377 $ — $ 10,000 $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 29,377 — 10,000 — 10,000 10,000 Brad Herr, CFO 44,066 — 15,000 — 15,000 15,000 Randy Lanier, Director 25,179 — 8,571 — 8,571 68,785 Total for related parties 127,999 — 43,571 — 43,571 103,785 Unrelated Parties 7,357,325 100,000 185,250 2,091,666 2,376,916 15,000 Aggregate Totals November 30, 2021 7,485,324 $ 100,000 $ 228,821 $ 2,091,666 $ 2,420,487 $ 118,785 Six Months Ended November 30, 2020 Related Parties David Tobias, Director 50,000 $ — $ 10,000 $ — $ 10,000 $ 10,000 Jerry Cornwell, Director 50,000 — 10,000 — 10,000 10,000 Brad Herr, CFO 75,000 — 15,000 — 15,000 15,000 Randy Lanier, Director — — — — — — Total for related parties 175,000 — 35,000 — 35,000 35,000 Unrelated Parties 279,857 — 87,531 — 87,531 123,571 Aggregate Totals November 30, 2020 454,857 $ — $ 122,531 $ — $ 122,531 $ 158,571

REVENUE FROM CONTINUING OPERA_2

REVENUE FROM CONTINUING OPERATIONS (Tables)	6 Months Ended
REVENUE FROM CONTINUING OPERATIONS (Tables)	Nov. 30, 2021
Revenue From Continuing Operations
Schedule of revenues	Schedule of revenues Three months ended November 30, 2021 2020 Debudder product revenues $ 48,367 $ 42,307 Customer concentrations Debudder sales Customer A $ 23,500 $ — Customer B 23,760 — Customer C — 19,885 Customer D — 12,100 Totals $ 47,260 $ 31,985 % of total revenues 98 % 76 % Six months ended November 30, 2021 2020 Debudder product revenues $ 123,052 $ 73,136 Customer concentrations Debudder sales Customer A $ 37,900 $ — Customer B 23,760 — Customer C 14,680 34,285 Customer D 43,320 26,130 Totals $ 119,660 $ 60,415 % of total revenues 97 % 83 %

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
DISCONTINUED OPERATIONS (Tables)	Nov. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations	Schedule of discontinued operations Three and Six-Month Periods Ended November 30, 2021 Three and Six-Month Periods Ended November 30, 2020 Revenue $ — $ 75,217 Cost of revenue — 66,243 Amortization — 13,125 Gross profit — (4,151 ) Loss on discontinued operations — 10,000 $ — $ (14,151 )

NATURE OF BUSINESS AND SIGNIF_3

NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Nov. 30, 2021	May 31, 2021
Accounting Policies [Abstract]
Retained Earnings (Accumulated Deficit)	$ 10,528,328	$ 9,098,257

Schedule of fixed assets (Detai

Schedule of fixed assets (Details) - USD ($)	Nov. 30, 2021	May 31, 2021
Property, Plant and Equipment [Abstract]
Equipment - production molds	$ 25,109	$ 25,109
Less: Accumulated amortization	(16,790)	(14,270)
Net Equipment	$ 8,319	$ 10,839

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
FIXED ASSETS (Details Narrative) - USD ($)	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 1,260	$ 1,260	$ 2,520	$ 2,520

Schedule of intangible assets (

Schedule of intangible assets (Details) - USD ($)	6 Months Ended
Schedule of intangible assets (Details) - USD ($)	Nov. 30, 2021	Nov. 30, 2020	May 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 7,500
Finite-Lived Intangible Assets, Net	118,334		$ 125,834
Indefinite-lived Intangible Assets (Excluding Goodwill)	6,000		6,000
Intangible Assets, Current	124,334		131,834
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	250,000		250,000
Impairment of Intangible Assets, Finite-lived	(100,000)	$ (100,000)
Total customer relationships	150,000		150,000
Finite-Lived Intangible Assets, Accumulated Amortization	(31,666)		(24,166)
Finite-Lived Intangible Assets, Net	118,334		125,834
Non Compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross			157,000
Impairment of Intangible Assets, Finite-lived		(107,000)
Total customer relationships			50,000
Finite-Lived Intangible Assets, Accumulated Amortization			(6,900)
Finite-Lived Intangible Assets, Net
Disposal Group, Including Discontinued Operation, Intangible Assets			(43,100)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross			826,000
Impairment of Intangible Assets, Finite-lived		$ (551,000)
Total customer relationships			275,000
Finite-Lived Intangible Assets, Accumulated Amortization			(6,225)
Finite-Lived Intangible Assets, Net
Disposal Group, Including Discontinued Operation, Intangible Assets			(268,775)
Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Domain names	6,000		31,000
Adjustment for discontinued operations			(25,000)
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 6,000		$ 6,000

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	Nov. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 7,500

Schedule of investments (Detail

Schedule of investments (Details) - USD ($)	Nov. 30, 2021	May 31, 2021
Nvestments
PPK Investment Group, Inc.	$ 2,791,666	$ 1,000,000
WDSY, LLC	200,000
BLIP Holdings, LLC	100,000
Total investments	$ 3,091,666	$ 1,000,000

Schedule of related party trans

Schedule of related party transactions (Details) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
Schedule of related party transactions (Details) - USD ($)	Nov. 30, 2021	Aug. 31, 2021	Nov. 30, 2020	Aug. 31, 2020	Nov. 30, 2021	Nov. 30, 2020	May 31, 2021	May 31, 2020
Related Party Transaction [Line Items]
Due to Related Parties, Current		$ 1,317,982		$ 829,982	$ 1,317,982	$ 829,982	$ 829,982
Total Advances	$ 89,500	64,000	$ 60,000	66,000
Total Services	70,000	70,000	140,000
Due to Related Parties, Current	1,611,482		1,095,982		1,611,482	1,095,982	1,317,982	$ 829,982
Patrick Bilton [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current		928,414		726,414	928,414	726,414	726,414
Total Advances	87,500	64,000	55,000	65,000
Total Services
Due to Related Parties, Current	1,079,914		846,414		1,079,914	846,414	928,414	726,414
Increase (Decrease) in Accounts Payable, Related Parties					420,000	140,000	280,000
Services	70,000	70,000	140,000
David Tobias [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current		80,553		80,553	80,553	80,553	80,553
Total Advances	2,000
Total Services
Due to Related Parties, Current	82,553		80,553		82,553	80,553	80,553	80,553
Jerry Cornwell [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current		29,015		23,015	29,015	23,015	23,015
Total Advances			5,000	1,000
Total Services
Due to Related Parties, Current	$ 29,015		$ 29,015		$ 29,015	$ 29,015	$ 29,015	$ 23,015

Schedule of common stock issued

Schedule of common stock issued (Details) - USD ($)	3 Months Ended		6 Months Ended
Schedule of common stock issued (Details) - USD ($)	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	127,999	175,000	127,999	175,000
Total Value	$ 43,571	$ 35,000
Services			43,571	35,000
Investment and Other
Stock Payable	43,571	35,000	43,571	35,000
Stock Payable	103,785	35,000	103,785	35,000
Services		$ 62,960	228,821	$ 122,531
Investment and Other	$ 300,000		$ 2,091,666
Total Shares Issued	1,338,102	454,857	7,485,324	454,857
Stock Payable	$ 190,550	$ 59,571	$ 100,000
Services	57,921	62,960	228,821	122,531
Investment and Other	300,000		2,091,666
Total Value	548,471	122,531	2,420,487	122,531
Stock Payable	$ 118,785	$ 158,571	$ 118,785	$ 158,571
Related Party [Member] \| David Tobias [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	29,377	50,000	29,377	50,000
Total Value	$ 10,000	$ 10,000
Services			10,000	10,000
Investment and Other
Stock Payable	10,000	10,000	10,000	10,000
Stock Payable	$ 10,000	$ 10,000	$ 10,000	$ 10,000
Related Party [Member] \| Jerry Cornwell [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	29,377	50,000	29,377	50,000
Total Value	$ 10,000	$ 10,000
Services			10,000	10,000
Investment and Other
Stock Payable	10,000	10,000	10,000	10,000
Stock Payable	$ 10,000	$ 10,000	$ 10,000	$ 10,000
Related Party [Member] \| Brad Herr [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	44,066	75,000	44,066	75,000
Total Value	$ 15,000	$ 15,000
Services			15,000	15,000
Investment and Other
Stock Payable	15,000	15,000	15,000	15,000
Stock Payable	$ 15,000	$ 15,000	$ 15,000	$ 15,000
Related Party [Member] \| Randy Lanier [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	25,179		25,179
Total Value	$ 8,571
Services			8,571
Stock Payable	8,571		8,571
Stock Payable	$ 68,785		$ 68,785
Un Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Shares Issued	1,210,103	279,857	7,357,325	279,857
Stock Payable	$ 146,979	$ 24,571	$ 100,000
Unrelated Parties [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Value	504,900	87,531	2,376,916	87,531
Stock Payable	15,000	123,571	15,000	123,571
Services	57,921	$ 62,960	185,250	87,531
Investment and Other	$ 300,000		$ 2,091,666

Schedule of revenues (Details)

Schedule of revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
Schedule of revenues (Details) - USD ($)	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Revenues	$ 48,367	$ 42,307	$ 123,052	$ 73,136
Totals	$ 47,260	$ 31,985	$ 119,660	$ 60,415
Debudder Sales [Member]
Percent of Total Revenues	98.00%	76.00%	97.00%	83.00%
Customer A [Member] \| Debudder Sales [Member]
Totals	$ 23,500		$ 37,900
Customer B [Member] \| Debudder Sales [Member]
Totals	23,760		23,760
Customer C [Member] \| Debudder Sales [Member]
Totals		19,885	14,680	34,285
Customer D [Member] \| Debudder Sales [Member]
Totals		12,100	43,320	26,130
Debudder Product Revenues [Member]
Revenues	$ 48,367	$ 42,307	$ 123,052	$ 73,136

Schedule of discontinued operat

Schedule of discontinued operations (Details) - USD ($)	6 Months Ended
Schedule of discontinued operations (Details) - USD ($)	Nov. 30, 2021	Nov. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Revenue		$ 75,217
Cost of revenue		66,243
Amortization		13,125
Gross profit		(4,151)
Loss on discontinued operations		$ (10,000)