10-Q
Quarterly Report
CANNABIS SUISSE CORP.
CIK: 1680132
File #: 333-213009
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Aug 31, 2024 | May 31, 2024 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
ASSETS | ||
Current Assets | ||
Cash and Cash Equivalents | 25,742 | 28,562 |
Other Non-Operating Current Assets | 149,002 | 167,891 |
Total Current Assets | 174,744 | 196,453 |
Property, Plant and Equipment | 23,551 | 24,612 |
Operating Lease Right-of-Use Asset | 635,552 | 675,558 |
Lease to rent office | 262,208 | — |
Lease to rent 2652 Blanding | 75,679 | — |
Lease to rent 1268 Church St | 137,017 | 39,367 |
Lease to rent 2502 Blanding Blvd | 160,648 | 47,098 |
TOTAL ASSETS | 833,847 | 896,623 |
LIABILITIES & STOCKHOLDERS' DEFICIT | ||
Current Liabilities | ||
Accounts Payable | 11,103 | 4,304 |
Other Non-Operating Current Liabilities | 14,849 | 33,380 |
Short-Term Debt | 2,500 | 83,159 |
Convertible Notes Payable | 50,000 | 50,000 |
Serhii Cherniienko, April 2021 | 30,000 | — |
Noi Tech LLC, April 15 2021 | 20,000 | — |
Short-Term Debt | 85,000 | 85,000 |
Okie LLC, May 2022 | 85,000 | — |
Chief Executive Officer | 135,000 | — |
Operating Lease Liability, Current | 73,342 | 125,157 |
Total Current Liabilities | 236,794 | 381,000 |
Long-Term Debt | 2,452,004 | 1,820,517 |
Prepayment Convertible Note with CEO, 10 N Newnan | 1,002,799 | — |
Prepayment Convertible Note with CEO, 1268 Church St | 595,774 | — |
Current CEO | 718,431 | — |
Operating Lease Liability, Non-Current | 25,965 | 40,936 |
Total Liabilities | 2,714,763 | 2,242,453 |
Stockholders' Deficit | ||
Preferred Stock | 0 | 5,000 |
Preferred Stock Series A Value | 5,000 | 0 |
Total Stockholders' Equity | 70,681 | 70,681 |
Total Stockholders' Equity | 1,179,393 | 1,179,393 |
Total Stockholders' Equity | (3,135,990) | (2,600,904) |
Total Stockholders' Deficit | (1,880,916) | (1,345,830) |
Preferred Stock Series A | 5,000 | 0 |
Preferred Stock | 0 | 5,000 |
Common Stock | 70,681 | 70,681 |
Additional Paid-in Capital | 1,179,393 | 1,179,393 |
Deferred Compensation, Share-Based Payments | 0 | 0 |
Retained Earnings | (3,135,990) | (2,600,904) |
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT | 833,847 | 896,623 |