Consolidated Balance Sheets - USD ($)	Feb. 29, 2016	May. 31, 2015
CURRENT ASSETS
Cash and cash equivalents
Loan receivable from consultant		$ 36,203
Prepaid expenses		4,500
TOTAL CURRENT ASSETS		40,703
INVESTMENTS	$ 1,144,166	1,144,166
OTHER ASSETS
Patents, net of accumulated amortization of $21,105 and $13,605, respectively	49,397	56,897
Licenses, net of accumulated amortization of $305,418 and $268,338 respectively	4,582	41,662
TOTAL OTHER ASSETS	53,979	98,559
TOTAL ASSETS	1,198,145	1,283,428
CURRENT LIABILITIES
Amounts payable to Bank	22	115
Note payable to bank	198,000	198,000
Accounts payable and accrued expenses	225,767	855,665
Amounts due under Licensing Agreement with Wazzamba SA	224,924	224,924
Loans payable to consultants and stockholders	126,993	189,928
Convertible notes payable (net of unamortized discounts of $7 and $674,886 respectively)	759,276	580,956
Derivative liability for convertible notes payable	3,516,450	2,564,280
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES	5,051,432	4,613,868
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, authorized 10,000,000 shares: Series A convertible preferred stock - issued and outstanding 50,000 shares as of February 29, 2016 and May 31, 2015	50	$ 50
Preferred stock, $0.001 par value, authorized 2,000,000 shares: Series B convertible preferred stock - issued and outstanding 1,950,000 shares as of February 29, 2016 and "0" as of May 31, 2015	1,950
Common stock, $0.001 par value, authorized 30,000,000 shares: 8,765,022 and 8,805,932,169 shares issued, and 8,765,022 and 8,681,112,367 shares outstanding, as of February 29, 2016 and May 31, 2015	8,765	$ 8,805,932
Less: Treasury stock 20,803 shares as of February 29, 2016 and 124,819,802 as of May 31, 2015	(21)	(124,820)
Common stock payable	858,000	858,000
Additional paid-in capital	46,494,400	36,219,642
Accumulated other comprehensive income (loss)	(131,453)	(126,453)
Accumulated deficit	(51,084,978)	(48,962,791)
TOTAL STOCKHOLDERS' DEFICIT	(3,853,287)	(3,330,440)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,198,145	$ 1,283,428

Domark International Inc. 10-Q