v3.8.0.1

Balance Sheets - USD ($)	May 31, 2017	May 31, 2016
Current Assets:
Cash	$ 39,386	$ 115,738
Prepaid expenses	44,048
Inventory	194,320	189,823
Total current assets	277,754	305,561
Non-Current Assets:
Property and equipment	14,953	500
Other assets (Note 5)	181,000
Total non-current assets	195,953	500
Total Assets	473,707	306,061
Current Liabilities:
Accounts payable	12,800
Accrued interest on convertible loans	6,966	1,845
Accruals, related party	45,000	27,000
Derivative liability	449,975	351,041
Convertible loans, net of discount of $237,608 and $134,148, respectively	192,392	73,602
Loan from shareholder and related party	11,438	11,236
Total current liabilities	718,571	464,724
Total Liabilities	718,571	464,724
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred stock series B, $0.0001 par value, 50,000,000 shares authorized; 50,000,000 and 0 shares issued and outstanding, respectively	5,000
Common stock, $0.0001 par value, 850,000,000 shares authorized; 301,640,836 and 258,792,500 shares issued and outstanding, respectively	30,164	25,879
Additional paid-in capital	1,533,092	36,875
Accumulated deficit	(1,813,120)	(221,417)
Total Deficit	(244,864)	(158,663)
Total Liabilities and Stockholders' Equity	$ 473,707	$ 306,061

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).

Bemax, Inc. 10-K/A