Profit Planners Management, Inc.

CIK:0001468164|SEC Filings

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Income Statement [Abstract]
Revenues - consulting and management services fees	$ 476,500	$ 393,892	$ 1,054,277	$ 1,004,917
Cost of revenues - personnel and overhead costs	285,581	262,983	563,013	536,758
Gross Profit	190,919	130,909	491,264	468,159
Selling, general and administrative expenses:
Corporate management	60,613	60,169	180,175	178,184
Consulting and professional expenses	3,360	7,760	46,740	43,168
Other operating expenses	59,745	44,156	154,555	164,475
Total selling, general and administrative expenses	123,718	112,085	381,470	385,827
Operating income	67,201	18,824	109,794	82,332
Interest income	384		1,289
Net income and Comprehensive income	$ 67,585	$ 18,824	$ 111,083	$ 82,332
Net income per weighted average shares common stock - basic and diluted	$ 0.01		$ 0.02	$ 0.02
Weighted average number of shares of common stock issued and outstanding - basic and diluted	5,430,279	5,430,279	5,430,279	5,430,279

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 120,958	$ 212,444
Net cash used in investing activities	(5,123)	(4,678)
Net cash provided by financing activities
Net change in cash	115,835	207,766
Cash, beginning of period	270,178	57,906
Cash, end of period	$ 386,011	$ 265,672

Condensed Consolidated Balance Sheets - USD ($)	Feb. 28, 2017	May 31, 2016
Current assets:
Cash	$ 386,011	$ 270,178
Accounts receivable (net of allowance of $61,015 and $60,705, respectively)	171,868	103,122
Other current assets	8,069	6,195
Total current assets	565,948	379,495
Property and equipment:
Property and equipment	24,297	19,174
Less: accumulated depreciation	(16,229)	(14,049)
Net property and equipment	8,068	5,125
Total Assets	574,016	384,620
Current liabilities:
Accounts payable and accrued expenses	269,898	224,391
Accrued expenses - employee compensation	25,000	25,000
Accrued expenses - officer's compensation	632,516	592,210
Total current liabilities	927,414	841,601
Long Term - Accrued expenses - employee compensation, less current portion	72,013	79,513
Total Liabilities	999,427	921,114
Commitments and contingencies
Stockholders' Deficit
Preferred stock - $.001 par value; 50,000,000 shares authorized; none issued and outstanding
Common stock - $.001 par value; 50,000,000 shares authorized; 5,430,279 issued and outstanding	5,430	5,430
Additional paid-in capital	301,766	301,766
Accumulated deficit	(732,607)	(843,690)
Net Stockholders' Deficit	(425,411)	(536,494)
Total Liabilities And Stockholders' Deficit	$ 574,016	$ 384,620