$TMGI

MUSIC OF YOUR LIFE INC

CIK:0001434601|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Revenues	$ 990,084	$ 11,040
Cost of Revenues	697,511	0
Gross profit	292,573	11,040
OPERATING EXPENSES
Salaries and Consulting fees	395,458	120,000
Professional fees	427,210	30,393
Other selling, general and administrative	387,906	12,519
Total Operating Expenses	1,210,574	162,912
LOSS FROM OPERATIONS	(918,001)	(151,872)
OTHER INCOME (EXPENSES)
Loss on earnest money deposit	(200,000)	0
Gain on extinguishment of debt	1,930,461	0
Expense from derivative liability	(163,492)	(419,711)
Loss of markdown of investment	(3,700,000)	0
Interest expense (including amortization of debt discounts of $924,813 and $31,709, respectively)	(2,778,433)	(376,869)
Total Other Income (Expenses)	(4,911,464)	(796,580)
LOSS BEFORE INCOME TAXES	(5,829,465)	(948,452)
INCOME TAX EXPENSE	0	0
NET LOSS	$ (5,829,465)	$ (948,452)
BASIC AND DILUTED:
Net loss per common share, Basic	$ (0.69)	$ (0.24)
Net loss per common share, Diluted	$ (0.69)	$ (0.24)
Weighted average shares outstanding, Basic	8,461,694	3,913,742
Weighted average shares outstanding, Diluted	8,461,694	3,913,742

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	May 31, 2026	May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (5,829,465)	$ (948,452)
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation of music inventory	39	282
Change in fair value of derivative liability	163,492	419,711
Amortization of debt discounts	924,813	31,709
Default fees added to notes principal balance	1,046,808	0
Gain on elimination of debt	(1,930,461)	0
Loss on write down of investment	3,700,000	0
Adjustments for GetGolf purchase agreement	(253,422)	0
Common stock payable	100,000	0
Changes in operating assets and liabilities:
Accounts receivable	(27,120)	(11,040)
Prepaid investment	(5,000)	0
Accounts payable and accrued liabilities	137,174	29,142
Accrued interest payable on notes payable	556,620	346,910
Accrued consulting fees	26,837	119,800
Net Cash Used by Operating Activities	(1,389,685)	(11,938)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Bank overdraft	0	(89)
Proceeds from notes payable	2,060,550	0
Repayments of notes payable and accrued interest	(403,912)	0
Proceeds from standby equity agreement	25,500	8,598
Repayments of notes payable to related parties	(152,992)	0
Proceeds from notes payable to related parties	25,000	4,500
Net Cash Provided by Financing Activities	1,554,146	13,009
NET INCREASE IN CASH AND CASH EQUIVALENTS	164,461	1,071
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,071	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	165,532	1,071
Cash Payments For:
Interest	0	0
Income taxes	0	0
Non-cash investing and financing activities:
Forgiveness of SBA PPP loans recorded as equity	170,000	0
Accrued consulting fees converted into promissory note	131,300	0
Conversion of debt and accrued interest into common stock	246,427	66,069
Initial setup of derivative liability	1,633,881	0
Forgiveness of accrued consulting fees by shareholders	$ 0	$ 1,154,017

Consolidated Balance Sheets - USD ($)	May 31, 2026	May 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 165,532	$ 1,071
Accounts receivable	38,160	11,040
Prepaid investment	5,000	0
Total Current Assets	208,692	12,111
OTHER ASSETS
Investment in Acquisition	2,500,000	6,200,000
Loans receivable, related party	35,237	35,237
Music inventory, net of accumulated depreciation of $-0- and $21,815, respectively	0	453
Trademark costs	0	11,165
Total Other Assets	2,535,237	6,246,855
TOTAL ASSETS	2,743,929	6,258,966
CURRENT LIABILITIES
Accounts payable and accrued liabilities	243,391	106,217
Accrued interest payable on notes payable	1,246,964	1,182,097
Accrued consulting fees	26,887	351,700
Notes payable	1,775,661	1,409,646
Notes payable to related parties	2,518,800	2,086,815
Derivative liability	2,158,096	625,824
Total Current Liabilities	7,969,799	5,762,299
TOTAL LIABILITIES	7,969,799	5,762,299
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock, $0.0001 par value; 20,000,000 shares authorized, 200 and 200 shares issued and outstanding	0	0
Common stock, $0.0001 par value; 5,000,000,000 shares authorized, 24,981,619 and 4,212,498 shares issued and outstanding, respectively	2,497	421
Common stock payable	100,000	0
Additional paid-in-capital	16,313,035	16,308,184
Accumulated deficit	(21,641,402)	(15,811,938)
Total Stockholders' Equity (Deficit)	(5,225,870)	496,667
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 2,743,929	$ 6,258,966