v3.6.0.2

Consolidated Balance Sheets (Unaudited) - USD ($)	Nov. 30, 2016	May 31, 2016
Current assets
Cash and cash equivalents	$ 2,847,785	$ 4,980,735
Accounts receivable - Oil and Gas	21,036	26,351
Investment	1,986,810
Other current assets	4,551	1,584
Total current assets	4,860,182	5,008,670
Total assets	4,860,182	5,008,670
Current Liabilities
Accounts payable	12,481	7,448
Due to director	76,464	45,629
Total current liabilities	88,945	53,077
Asset retirement obligation	7,828	7,282
Total liabilities	96,773	60,359
Stockholders' equity
Common stock,100,000,000 of shares authorized with $0.00001 par value, 56,100,000 issued and outstanding	561	561
Preferred stock,100,000,000 shares authorized with $0.00001 par value, none issued
Additional paid-in capital	6,514,639	6,514,639
Accumulated other comprehensive loss	(938,934)	(790,882)
Accumulated deficits	(812,857)	(776,007)
Total stockholders' equity	4,763,409	4,948,311
Total liabilities and stockholders' equity	$ 4,860,182	$ 5,008,670

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

CN Resources Inc. 10-Q