v3.3.1.900

Consolidated Balance Sheets - USD ($)	Nov. 30, 2015	May. 31, 2015
Current Assets:
Cash	$ 2,030	$ 0
Assets from discontinued operations (Note 4)	0	8,703,090
Total Current Assets	2,030	8,703,090
Assets from discontinued operations (Note 4)	0	4,161,668
Total Assets	2,030	12,864,758
Current Liabilities:
Accounts payable and accrued expenses	304,486	48,750
Due to shareholder	101,828	0
Notes payable, net of debt discounts of $10,059	207,941	0
Other current liabilities	21,339	0
Liabilities from discontinued operations (Note 4)	0	11,928,595
Total Current Liabilities	635,594	11,977,345
Liabilities from discontinued operations (Note 4)	0	337,590
Total Liabilities	$ 635,594	$ 12,314,935
Stockholders' Equity (Deficit):
Preferred stock, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 150,000,000 shares authorized; 45,291,403 and 34,325,241 shares issued and outstanding at November 30, 2015 and May 31, 2015, respectively	$ 25,291	$ 34,325
Additional paid-in capital	6,722,852	6,866,355
Accumulated deficit	(7,381,707)	(6,350,857)
Total Stockholders' Equity (Deficit)	(633,564)	549,823
Total Liabilities and Stockholders' Equity (Deficit)	$ 2,030	$ 12,864,758

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Tarsier Ltd. 10-Q