v3.3.0.814

Balance Sheets - USD ($)	Aug. 31, 2015	May. 31, 2015
Current assets
Cash and cash equivalents	$ 5,577	$ 37,207
Accounts receivable	46,576	48,902
Inventory	82,181	83,586
Total current assets	134,334	169,695
Deferred income tax asset, net of valuation allowance of $1,647,000 and $1,630,000 at August 31, 2015 and May 31, 2015, respectively	0	0
Total assets	134,334	169,695
Current liabilities
Accounts payable	186,798	172,846
Shareholder loan	268,765	268,765
Total liabilities	455,563	441,611
Stockholders' deficit
Convertible preferred stock - $.02 par value, authorized 2,000,000 shares, issued and outstanding 92,000 shares	1,840	1,840
Common stock - $.001 par value, authorized 200,000,000 shares, issued and outstanding 63,622,316 shares	63,622	63,622
Additional paid-in capital	17,505,936	17,505,936
Accumulated deficit	(17,892,627)	(17,843,314)
Stockholders' deficit	(321,229)	(271,916)
Total liabilities and stockholders' deficit	$ 134,334	$ 169,695

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).

LESCARDEN INC 10-Q