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Commitments and Contingencies
 9 Months Ended
Feb. 28, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 7 – Commitments and Contingencies

 

In September 2016, the Company executed a lease agreement in connection with its office and warehouse facility in California under operating leases for a period of 37 months commencing in October 2016 and expiring in October 2019. The Company shall pay a monthly base rent starting at $6,782 plus a pro rata share of operating expenses. The base rent is subject to an annual increase beginning in October 2017 as defined in the lease agreement. Rent expense amounted to $53,751 and $47,836 for the nine months ended February 28, 2018 and 2017, respectively. Future minimum rental payments required under this operating lease are as follows:

 

   Total   1 Year   2-3 Year   Thereafter 
Operating lease  $142,917   $20,988   $121,929   $           - 
Total  $142,917   $20,988   $121,929   $- 

 

In November 2017, the Company had executed an Agreement with a third party located in Hong Kong, China, whereby the third party shall promote, market, distribute and resell the Company’s products to end-user consumers through direct online sales or third party e-commerce platforms in the following territories: Hong Kong, Macau, and the People’s Republic of China. The term of the agreement was for 36 months from the effective date. Parties shall have the right to terminate this agreement, with or without cause, upon 60 days prior written notice. For services provided in connection with this agreement, the Company shall pay the third party 16.5% of the gross revenues generated from sales channels initiated and subsequently maintained by the third party or $3,300 per month, whichever is greater. In February 2018, the Company terminated this Agreement. Inventory of $11,496 which was held in consignment at this third party facility were considered abandoned after termination of agreement and has been included in cost of sales during the nine months ended February 28, 2018 (see Note 4).