UNITED STATES

SECURITIES AND EXCHANGE COMMISSION



Washington, D.C. 20549



FORM 10-K



|[X]                                                    |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|------------------------------------------------------ |  | ------------------------------------------------------------------------------------
|                                                       |  | For the year ended May 31, 2017                                                     
|[   ]                                                  |  | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  
|                                                       |  |                                                                                     
|For the transition period from             
        to

Commission file number: 000-54163



MUSIC OF YOUR LIFE, INC.

(Exact name of registrant as specified in its
charter)



|Florida                                                                |  | 26-2091212                                  
|---------------------------------------------------------------------- |  | --------------------------------------------
|(State or other jurisdiction of
        incorporation or organization) |  | (I.R.S. Employer
        Identification No.)
|                                                                       |  |                                             
|3225 McLeod Drive, Suite 100
        Las Vegas, Nevada                 |  | 89121                                       
|(Address of principal executive offices)                               |  | (Zip Code)                                  



(800) 351-3021

(Registrant’s telephone number, including
area code)



Securities registered pursuant to Section 12(b) of
the Act:



|None                |  | N/A                                      
|------------------- |  | -----------------------------------------
|Title of each class |  | Name of each exchange on which registered



Securities registered pursuant to Section 12(b)
of the Act: None



Securities registered pursuant to Section 12(g) of
the Act None



Indicate by check mark if the registrant is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ☐  No ☒



Indicate by check mark if the registrant is
not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ☐  No ☒



Indicate by check mark whether the issuer (1) filed
all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes ☒  No ☐






Table of Contents


Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit and post such files).   Yes ☒  No ☐



Indicate by checkmark if disclosure of delinquent
filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained,
to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K. ☒



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions
of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2
of the Exchange Act.



|Large accelerated filer  ☐ |  | Accelerated filer  ☐       
|-------------------------- |  | ---------------------------
|Non-accelerated filer  ☐   |  | Smaller reporting company ☒



Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐  Yes    ☒  No



Based on the closing price of our common stock
as listed on the OTC Bulletin Board, the aggregate market value of the common stock of Music of Your Life, Inc. held by non-affiliates
as of November 30, 2016 was $108,634.



As of September 11, 2017, there were 2,600,120,431 shares of common
stock issued and outstanding.



DOCUMENTS INCORPORATED BY REFERENCE: 
None.







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|TABLE OF CONTENTS
|-----------------
|PART I           
|ITEM 1.          
|ITEM 1A.         
|ITEM 1B.         
|ITEM 2.          
|ITEM 3.          
|ITEM 4.          
|PART II          
|ITEM 5.          
|ITEM 6.          
|ITEM 7.          
|ITEM 7A.         
|ITEM 8.          
|ITEM 9.          
|ITEM 9A.         
|ITEM 9B.         
|PART III         
|ITEM 10.         
|ITEM 11.         
|ITEM 12.         
|ITEM 13.         
|ITEM 14.         
|PART IV          
|ITEM 15.         
|SIGNATURES       





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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Please
see the note under “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation,”
for a description of special factors potentially affecting forward-looking statements included in this report.









































4


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PART I

ITEM 1. BUSINESS.



Company History



Music of Your Life, Inc.
(hereafter, “we”, “our”, “us”, “MYL”, or the “Company”) was incorporated
on January 30, 2008, in the State of Florida, as ZhongSen International Tea Company, with the principal business objective of providing
sales and marketing consulting services to small to medium sized Chinese tea producing companies who wish to export and distribute
high quality Chinese tea products worldwide. The Company commenced business activities in August, 2008, when it entered into a
related party Sales and Marketing Agreement with Yunnan Zhongsen Group, Ltd. However, due to lack of capital, the Company was unable
to implement its business plan fully. On May 31, 2013 (the “Closing Date”), the Company entered into a Merger Agreement
(the “Merger Agreement”), pursuant to which Music of Your Life, Inc. (MYL Nevada) merged with a wholly-owned subsidiary
of the Company, and the Company began its current operations as a multi-media entertainment company, producing live concerts, television
shows and radio programming. The Company changed its name to Music of Your Life, Inc. effective July 26, 2013.



Operational Overview



Music of Your Life®
is an entertainment company that currently produces live radio programming 24 hours a day, syndicated to AM, FM and HD radio stations
around the country, and across the Internet. Music of Your Life® has been broadcasting since 1978, making it the longest running
syndicated music radio network in the world.



The Company has recently
launched a new subscriber based website, charging a monthly fee for commercial free music programming, and streaming video, including
live concerts, and podcasts, featuring shows hosted by celebrities.



Terrestrial and Internet Radio Industry
Revenue



Revenues in the radio broadcasting
industry are primarily generated in three categories: (1) over the air commercials (“OTA”); (2) digital sales from
on-line streaming apps, websites, and social platforms (“Digital”); and (3) subscription based sales (“Subs”).
Music of Your Life now utilizes all three of these revenue models.



| | · | OTA revenue for 2016 crept up .09% to $14.1 billion, indicating a
leveling-off in the category after several years of decline. - Radio Advertising Bureau 2016 Year-End Report;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Digital revenue shot up 14% to $811 million for 2016, with an estimated
22% increase for 2017. - Radio Advertising Bureau 2016 Year-End Report.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------

| | · | Subs based revenue more than doubled in 2016 to $2.49 billion, with
more than 22.6 million subscribers, a 109% increase in subscribers over the previous year.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------



For the first time
ever, streaming music platforms generated the majority of the U.S. music industry’s revenue - Recording Industry Association
of America 2016 Year-End Report.



Our Business Strategy



Music of Your Life® has several projects
underway:



| | · | The Company has launched a new subscription based website, featuring
several new music channels, streaming video, podcasts, and blogs. The website maintains the Music of Your Life terrestrial simulcast,
which is free after a quick sign-up process. Current genres include Country, Rock, Pop, Jazz and a commercial-free version of the
Music of Your Life Adult Standards.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | · | Additional audio and video channels are currently under development
including Comedy, Celebrity Radio, and Celebrity Sports.
| | - | ----------------------------------------------------------------------------------------------------------------------------



| | · | The Company recently entered into an agreement with Sterling Venue
Ventures for the right to broadcast live concerts from several venues in the Los Angeles, CA area. These live shows can be viewed
on the Company’s Live Streaming website page through the Premium Subscription Service.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Music of Your Life has recently entered into an agreement with the
House of Blues Recording Studio to record and broadcast new radio shows featuring celebrity guests, and celebrity hosts. The new
shows will stream live with audio & video, and available through the Company’s Premium Subscription Service.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | A new app for the iPhone and Android platforms is under way, which
will feature new music, live & recorded video, and a podcast channel.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------



| | · | The Company is currently producing a Music of Your Life television
show to commemorate forty years of broadcasting.
| | - | -------------------------------------------------------------------------------------------------------------------



Objectives



Music of Your Life’s
main objective is to reach the consumer with quality content, in the vehicle and on mobile devices with its various audio and video
channels of music, sports, news, and podcasts. To distinguish itself from other services, Music of Your Life will expand its list
of celebrity on-air personalities to host much of this expanded programming.



Another Company key objective
is to partner, merge, acquire and/or license the rights to third party companies with their own quality audio and video content
to enhance the Music of Your Life® value.



Market Advantage



Music of Your Life®
can be heard on AM, FM, and HD radio stations across the U.S., including 5 of the top 10 markets, and to more than 90 countries
worldwide over the Internet. This well-established listener base gives the company a strong market advantage over the typical Internet
radio service.



Another one of the Company’s
key marketing advantages comes from its theory that the listener appreciates an interactive experience to radio with disk jockeys,
or show hosts. To that advantage, Music of Your Life has been the voice of many celebrities over the years hosting their own radio
shows. This, “Stars Who Play the Stars” marketing approach has proven to be an advantage for the Company’s 45-up
demographic that is less interested in an on-line jukebox, such as Pandora, and more interested in a traditional, interactive radio
experience.



Competition



The entertainment industry
is highly competitive, and we have limited financial and personnel resources with which to compete. We expect to be at a disadvantage
when competing with many firms that have substantially greater financial and management resources and capabilities. Based on the
trajectory of the online streaming music industry, we believe a high degree of competition in this industry will continue for the
foreseeable future.



While Pandora, Spotify,
and Apple Music dominate the online streaming jukebox, Sirius stands-out in a small field of Internet radio services featuring
DJ’s and on-air personalities that host their own shows. The Music of Your Life model is comparable to the profitable Sirius
model, and unlike the failing online jukebox channels.



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We believe that we can
distinguish the Company from our competition by providing high quality content, and products, with competitive pricing, and compelling
branding.



Employees



As of May 31, 2017,
we currently have one full-time employee, Marc Angell our CEO. We currently have seven part-time and full-time independent
contractors working with the management of the Company. Additionally, we are planning to hire other employees and
contractors. Certain other executive positions have been identified, and we intend to fill these positions. Additional other
support staff and other personnel will be hired when there is adequate capital available to do so.



We have undertaken preliminary
investigations concerning candidates for the above positions and do not currently anticipate difficulty in filling such positions
with qualified persons; however we cannot assure you that we will in fact be able to hire qualified persons for such positions
when needed. Additional positions to be filled may be identified from time to time by the Company. We expect to be able to attract
and retain such additional employees as are necessary, commensurate with the anticipated future expansion of our business. Further,
we expect to continue to use consultants, contract labor, attorneys and accountants as necessary.



The loss of our CEO
Marc Angell would likely have a material adverse effect on the Company. We intend to reduce this risk by obtaining key-man
insurance in the event that affordable insurance coverage may be obtained. We cannot assure you that the Company will be able
to obtain such insurance or that the Company will be successful in recruiting needed personnel.



Available Information



Music of Your Life, Inc.
is subject to the information requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith files
quarterly and annual reports, as well as other information with the Securities and Exchange Commission (“Commission”)
under File No. 000-54163. Such reports and other information filed with the Commission can be inspected and copied at the public
reference facilities maintained by the Commission at 450 Fifth Street, N.W., Washington, D.C. 20549 at prescribed rates, and at
various regional and district offices maintained by the Commission throughout the United States. Information about the operation
of the Commission’s public reference facilities may be obtained by calling the Commission at 1-800-SEC-0330. The Commission
also maintains a website at http://www.sec.gov that contains reports and other information regarding the Company and other
registrants that file electronic reports and information with the Commission.



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ITEM 1A. RISK FACTORS.



Since we are a smaller
reporting company, we are not required to supply the information required by this Item 1A.



ITEM 1B. UNRESOLVED STAFF COMMENTS.



None.



ITEM 2. PROPERTIES.



Music of Your
Life’s® corporate office is located at 3225 McLeod Drive, Suite 100, Las Vegas, NV 89121, telephone number,
800-351-3021. As the company continues to grow, the facilities and employment-related expenses will likely increase
significantly. We believe that our office facilities are suitable and adequate for our operations as currently conducted and
contemplated.



ITEM 3. LEGAL PROCEEDINGS.



The Company currently has
no litigation pending, threatened or contemplated, or unsatisfied judgments.



ITEM 4. MINE SAFETY DISCLOSURES



Not Applicable.



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PART II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.



Market Information



Our common stock is listed
on the OTCQB under the symbol “MYLI”. We had approximately 2,251 registered holders of our common stock as of May 31,
2017. Registered holders do not include those stockholders whose stock has been issued in street name. The last reported price
for our common stock on September 7, 2017 was $0.0001 per share.



The following table reflects
the high and low closing sales prices per share of our common stock during each calendar quarter as reported on the OTCQB, during
the two fiscal years ended May 31:



|                    |  | Price Range(1)
|------------------- |  | --------------
|                    |  | High          
|Fiscal May 31, 2017 |  |               
|Fourth quarter      |  | $             
|Third quarter       |  | $             
|Second quarter      |  | $             
|First quarter       |  | $             
|                    |  |               
|Fiscal May 31, 2016 |  |               
|Fourth quarter      |  | $             
|Third quarter       |  | $             
|Second quarter      |  | $             
|First quarter       |  | $             



____________________

| | (1) | The above quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission
and may not necessarily represent actual transactions.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------



Dividends and Distributions



We have not paid any cash
dividends on our common stock since inception and do not anticipate paying cash dividends in the foreseeable future. We expect
that that any future earnings will be retained for use in developing and/or expanding our business.



Sales of Unregistered Securities



On August 18, 2015, the
Company issued an aggregate of 2,000,000 shares of unregistered common stock to certain accredited investors in exchange for cash
in the aggregate amount of $50,000.



On August 18, 2015, the
Company issued 1,000,000 shares of its common stock to certain consulting personnel for services provided.



On November 4, 2015, the
Company issued 500,000 shares of unregistered common stock to an accredited investor in consideration of interest accrued in respect
of a $25,000 loan to the Company.

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On January 11, 2016, the
Company issued 1,000,000 shares of unregistered common stock to an accredited investor in consideration of the investor making
a $25,000 loan to the Company.



On February 25, 2016 the
Company converted into 2,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on July 20, 2015.



On March 8, 2016 the Company
converted into 500,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the Company
on July 20, 2015.



On April 14, 2016, the
Company issued 1,000,000 shares of unregistered common stock to an accredited investor in consideration of interest and penalties
accrued in respect of a $25,000 loan to the Company.



On May 5, 2016, the Company
sold 18,400,000 shares of unregistered common stock to an accredited investor for a purchase price of $100,000.



On May 9, 2016, the Company
converted into 4,722,173 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On May 26, 2016, the Company
converted into 5,442,760 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 10, 2016, the Company
converted into 5,713,863 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 14, 2016, the Company
converted into 5,714,446 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 15, 2016 the Company
issued converted into 9,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on July 31, 2015.



On June 17, 2016, the Company
issued an aggregate of 10,000,000 shares to two consultants of the Company pursuant to the Company’s 2016 Equity Incentive
Plan.



On June 20, 2016, the Company
converted into 5,714,413 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 22, 2016, the Company
converted into 6,284,750 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 23, 2016, the Company
converted into 6,284,767 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 27, 2016, the Company
converted into 6,283,659 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On June 30, 2016, the Company
converted into 8,458,790 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On July 6, 2016, the Company
converted into 8,458,091 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



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On July 12, 2016, the Company
converted into 8,400,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On July 14, 2016, the Company
converted into 8,450,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On July 15, 2016, the Company
converted into 8,438,636 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On July 19, 2016, the Company
converted into 7,272,727 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on September 25, 2015.



On August 9, 2016, the
Company issued an aggregate of 10,000,000 shares to two consultants of the Company pursuant to the Company’s 2016 Equity
Incentive Plan.



On August 24, 2016, the
Company converted into 11,328,671 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on September 25, 2015.



On August 29, 2016, the Company converted into
11,426,720 shares of common stock, a portion of that certain convertible promissory note originally issued by the Company on September
25, 2015.



On September 2, 2016, the
Company converted into 11,426,720 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on September 25, 2015.



On September 9, 2016, the
Company converted into 13,288,300 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on September 25, 2015.



On March 2, 2017, the Company
converted into 14,674,363 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on March 17, 2016.



On March 7, 2017, the Company
converted into 83,531,205 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on December 22, 2015.



On March 20, 2017, the
Company converted into 500,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on August 15, 2014.



On March 24, 2017, the
Company converted into 107,159,459 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on December 22, 2015.



On March 27, 2017, the
Company converted into 54,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on December 22, 2015.



On April 5, 2017, the Company
converted into 100,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on July 31, 2015.



On April 5, 2017, the Company
converted into 100,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on June 23, 2015.



On April 25, 2017, the
Company converted into 62,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on June 17, 2016.



On April 26, 2017, the
Company converted into 111,274,646 shares of common stock, a portion of that certain convertible promissory note originally issued
by the Company on December 22, 2015.

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On May 3, 2017, the Company
converted into 100,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on August 15, 2014.



On May 12, 2017, the Company
converted into 62,000,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on June 17, 2016.



On May 23, 2017, the Company
converted into 88,750,000 shares of common stock, a portion of that certain convertible promissory note originally issued by the
Company on June 17, 2016.



With respect to the transactions
noted above. Each of the recipients of securities of the Company was an accredited investor, or is considered by the Company to
be a “sophisticated person”, inasmuch as each of them has such knowledge and experience in financial and business matters
that they are capable of evaluating the merits and risks of receiving securities of the Company. No solicitation was made and no
underwriting discounts were given or paid in connection with these transactions. The Company believes that the issuance of its
securities as described above was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2)
of the Securities Act of 1933.



Penny Stock Rules



The SEC has also adopted
rules that regulate broker-dealer practices in connection with transactions in “penny stocks” as such term is defined
by Rule 15g-9. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on
certain national securities exchanges or quoted on the NASDAQ system provided that current price and volume information with respect
to transactions in such securities is provided by the exchange or system).



Our shares constitute penny
stocks under the Exchange Act. The shares may remain penny stocks for the foreseeable future. The classification of our shares
as penny stocks makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult
for a purchaser to liquidate his or her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or
her shares in MYL will be subject to the penny stock rules.



The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure
document approved by the SEC, which: (i) contains a description of the nature and level of risk in the market for penny stocks
in both public offerings and secondary trading; (ii) contains a description of the broker’s or dealer’s duties to the
customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements
of the Securities Act; (iii) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for
penny stocks and significance of the spread between the bid and ask price; (iv) contains a toll-free telephone number for inquiries
on disciplinary actions; (v) defines significant terms in the disclosure document or in the conduct of trading in penny stocks;
and (vi) contains such other information and is in such form as the SEC shall require by rule or regulation. The broker-dealer
also must provide to the customer, prior to effecting any transaction in a penny stock, (i) bid and offer quotations for the penny
stock; (ii) the compensation of the broker-dealer and its salesperson in the transaction; (iii) the number of shares to which such
bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and
(iv) monthly account statements showing the market value of each penny stock held in the customer’s account.



In addition, the penny
stock rules require that, prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must
make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s
written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks,
and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing
the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders
may have difficulty selling those securities.

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ITEM 6. SELECTED FINANCIAL DATA.



Not required.



ITEM 7. MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



Forward-Looking Statements



This report contains forward-looking
statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar
expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements.
Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons.



Overview





Music of Your Life®
is an entertainment company that currently produces live radio programming 24 hours a day, syndicated to AM, FM and HD radio stations
around the country, and across the Internet. Music of Your Life® has been broadcasting since 1978, making it the longest running
syndicated music radio network in the world. The Company has recently launched a new subscriber based website, charging a monthly
fee for commercial free music programming, and streaming video, including live concerts, and podcasts, featuring shows hosted by
celebrities.



Our principal sources of
revenues result from selling monthly subscriptions on the Company’s redesigned website.  Expenses which comprise the
costs of goods sold include licensing agreements, and royalties, as well as operational and staffing costs related to the management
of the Company’s syndicated network. General and administrative expenses have been comprised of administrative wages and
benefits; occupancy and office expenses; outside legal, accounting and other professional fees; travel and other miscellaneous
office and administrative expenses. Selling and marketing expenses include selling/marketing wages and benefits, advertising and
promotional expenses, as well as travel and other miscellaneous related expenses.





Because we have incurred
losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given our
uncertainty of being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during
the coming year.



Results of Operations



Following is management’s
discussion of the relevant items affecting results of operations for the years ended May 31, 2017 and 2016.



Revenues. The
Company generated net revenues of $4,252 during the year ended May 31, 2017 as compared to $4,616 for the year ended May 31,
2016. Revenues were generated from spot sales, digital sales and subscription based sales from the live radio programming
through radio stations around the country.



Cost of Sales.
Our cost of sales was $-0- for both years ended May 31, 2017 and 2016. Our cost of sales in the future will consist
principally of licensing costs and royalties associated with our syndicated radio network, other related services provided
directly or outsourced through our affiliates, as well as operational and staffing costs with respect thereto.



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Salaries and Consulting
Expenses. Salaries and consulting expenses for the year ended May 31, 2017 were $325,750 as compared to $202,500 for the year
ended May 31, 2016. During the year ended May 31, 2016, we issued 1,000,000 shares of common stock to consultants during the period
which resulted in $33,000 recorded as consulting expenses. We expect that salaries and consulting expenses, that are cash-based
instead of share-based, will increase as we add personnel to build our multi-media entertainment business.



Professional Fees.
Professional fees for the year ended May 31, 2017 were $164,174 as compared to $107,011 for the year ended May 31, 2016. We anticipate
that professional fees will increase in future periods as we scale up our operations.



Selling, General and
Administrative Expenses. Selling, general and administrative expenses were $178,715 for the year ended May 31, 2017 as compared
to $172,039 for the year ended May 31, 2016. We anticipate that SG&A expenses will increase commensurate with an increase in
our operations.



Provision for Impairment
of Intangible Assets. During the years ended May 31, 2016 and 2015 the Company paid $59,000 and $158,000, respectively, to
the wife of the chief executive officer as deposits for certain trademarks and other intellectual property to be assigned to the
Company. Under the agreement, if the Company failed to pay a total of $250,000 by December 31, 2015, the Company was to forfeit
all rights, title and interest in the trademarks and intellectual property unless extended by her. As of the date of this filing,
the agreement has not been extended but the Company continues to use the intangible assets and is in negotiations to extend the
agreement. At May 31, 2016, it was not certain whether the intangible assets will ultimately be assigned to the Company. Further,
it was not more likely than not that the Company will be able to generate sufficient future cash flows from those assets to recover
any or all of the $243,000 deposits balance. Accordingly, the Company recognized a provision for impairment expense of $243,000
at May 31, 2016 and reduced the net carrying balance of the deposits for acquisition of intangible assets to $-0-.



Other Income (Expense).
The Company had net other expense of $632,006 for the year ended May 31, 2017 as compared to $510,229 for the year ended May 31,
2016. Other expenses were comprised mainly of interest expenses related to notes payable. For the year ended May 31, 2017 the company
incurred $463,699 in interest expense which included the amortization of debt discounts in the amount of $403,610. The Company
also incurred expense from derivative liability of $168,307. For the year ended May 31, 2016, the company incurred interest expense
of $365,181 and expense from derivative liability of $95,048.



Liquidity and Capital Resources



As of May 31, 2017, our
primary source of liquidity consisted of $10,113 in cash and cash equivalents. We hold most of our cash reserves in local checking
accounts with local financial institutions. Since inception, we have financed our operations through a combination of short and
long-term loans, and through the private placement of our common stock.



We have sustained significant
net losses which have resulted in an accumulated deficit at May 31, 2017 of $3,672,130 and are currently experiencing a substantial
shortfall in operating capital which raises doubt about our ability to continue as a going concern. We generated a net loss for
the year ended May 31, 2017 of $1,296,393. Without additional revenues, working capital loans, or equity investment, there is substantial
doubt as to our ability to continue operations.



We believe these conditions
have resulted from the inherent risks associated with small public companies. Such risks include, but are not limited to, the ability
to (i) generate revenues and sales of our products and services at levels sufficient to cover our costs and provide a return for
investors, (ii) attract additional capital in order to finance growth, and (iii) successfully compete with other comparable companies
having financial, production and marketing resources significantly greater than those of the Company.







14


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We believe that
our capital resources are insufficient for ongoing operations, with minimal current cash reserves, particularly given the resources
necessary to expand our multi-media entertainment business. We will likely require considerable amounts of financing to make any
significant advancement in our business strategy. There is presently no agreement in place that will guarantee financing for our
Company, and we cannot assure you that we will be able to raise any additional funds, or that such funds will be available on
acceptable terms. Funds raised through future equity financing will likely be substantially dilutive to current shareholders.
Lack of additional funds will materially affect our Company and our business, and may cause us to substantially curtail or even
cease operations. Consequently, you could incur a loss of your entire investment in the Company.



Off-Balance Sheet Arrangements



We do not have any off-balance
sheet arrangements.



Critical Accounting Policies



We believe the following
more critical accounting policies are used in the preparation of our financial statements:



Use of Estimates.The
preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying
notes. Actual results could differ from those estimates. On a periodic basis, management reviews those estimates, including those
related to valuation allowances, loss contingencies, income taxes, and projection of future cash flows.



Research and Development.Research
and development costs are charged to operations when incurred and are included in operating expenses.



Recent Accounting Pronouncements



There were various accounting
standards and interpretations recently issued, none of which are expected to a have a material impact on the Company's consolidated
financial position, operations or cash flows.



Forward-Looking Statements



This report contains or
incorporates by reference forward-looking statements within the meaning of the United States Private Securities Litigation Reform
Act of 1995 concerning our future business plans and strategies, the receipt of working capital, future revenues and other statements
that are not historical in nature. In this report, forward-looking statements are often identified by the words “anticipate,”
“plan,” “believe,” “expect,” “estimate,” and the like. These forward-looking statements
reflect our current beliefs, expectations and opinions with respect to future events, and involve future risks and uncertainties
which could cause actual results to differ materially from those expressed or implied.



Other uncertainties that
could affect the accuracy of forward-looking statements include:



| | • | the worldwide
economic situation;                                                                                                          
| | - | -------------------------------------------------------------------------------------------------------------------------------------------
| | • | any changes in
interest rates or inflation;                                                                                                
| | • | the willingness and ability of third parties to honor their contractual
commitments;                                                       
| | • | our ability to raise additional capital, as it may be affected by
current conditions in the  stock market and competition for risk capital;
| | • | our capital expenditures, as they may be affected by delays or cost
overruns;                                                              
| | • | environmental and other regulations, as the same presently exist
or may later be amended;                                                  
| | • | our ability to identify, finance and integrate any future acquisitions;
and                                                                
| | • | the volatility of our common stock price.                                                                                                  





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This list is not exhaustive of the factors
that may affect any of our forward-looking statements. You should read this report completely and with the understanding that our
actual future results may be materially different from what we expect. These forward-looking statements represent our beliefs,
expectations and opinions only as of the date of this report. We do not intend to update these forward looking statements except
as required by law. We qualify all of our forward-looking statements by these cautionary statements.



ITEM 7A. QUANTITATIVE AND
QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.



|CONTENTS                                               
|-------------------------------------------------------
|                                                       
|Report of Independent Registered Public Accounting Firm
|                                                       
|Consolidated Balance Sheets                            
|                                                       
|Consolidated Statements of Operations                  
|                                                       
|Consolidated Statements of Stockholders’ Deficit       
|                                                       
|Consolidated Statements of Cash Flows                  
|                                                       
|Notes to the Consolidated Financial Statements         





























17


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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To the Board of Directors and Stockholders of

Music of Your Life, Inc.



I have audited the accompanying consolidated balance sheets of Music
of Your Life, Inc. (the “Company”) as of May 31, 2017 and 2016 and the related consolidated statements of operations,
stockholders’ deficit, and cash flows for the years then ended. These financial statements are the responsibility of the
Company’s management. My responsibility is to express an opinion on these financial statements based on my audits.



I conducted my audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing
the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement
presentation.  I believe that my audits provide a reasonable basis for my opinion.



In my opinion, the financial statements referred to above present
fairly, in all material respects, the consolidated financial position of Music of Your Life, Inc. as of May 31, 2017 and2016 and
the consolidated results of their operations and cash flows for the yearsthen ended in conformity with accounting principles generally
accepted in the United States.



The accompanying financial statements referred to above have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 12 to the financial statements, the Company’s
present financial situation raises substantial doubt about its ability to continue as a going concern. Management’s plans
in regard to this matter are also described in Note 12. The financial statements do not include any adjustments that might result
from the outcome of this uncertainty.



/s/ Michael T. Studer CPA P.C.

Michael T. Studer CPA P.C.





Freeport, New York

September 13, 2017





18


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|MUSIC OF YOUR LIFE, INC.                                                 
|-------------------------------------------------------------------------
|Consolidated Balance Sheets                                              
|                                                                         
|ASSETS                                                                   
|                                                                         
|                                                                         
|                                                                         
|CURRENT ASSETS                                                           
|                                                                         
|Cash and cash equivalents                                                
|Loans receivable from related party                                      
|                                                                         
|Total Current Assets                                                     
|                                                                         
|OTHER ASSETS                                                             
|                                                                         
|Deposits for acquisition of intangible assets (less allowance for        
|impairment of $243,000 and $243,000, respectively)                       
|Music inventory                                                          
|Trademark                                                                
|                                                                         
|Total Other Assets                                                       
|                                                                         
|TOTAL ASSETS                                                             
|                                                                         
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                    
|                                                                         
|CURRENT LIABILITIES                                                      
|                                                                         
|Accounts payable                                                         
|Accrued interest payable on notes payable                                
|Accrued consulting fees                                                  
|Notes payable                                                            
|Notes payable to related parties                                         
|Derivative liability                                                     
|                                                                         
|Total Current Liabilities                                                
|                                                                         
|TOTAL LIABILITIES                                                        
|                                                                         
|STOCKHOLDERS' DEFICIT                                                    
|                                                                         
|Preferred Stock, $0.0001 par value; 20,000,000 shares                    
|authorized, 200 and 200 shares issued and outstanding                    
|Common stock, $0.0001 par value; 10,000,000,000 shares                   
|authorized, 2,409,170,431 and 124,211,492 shares issued                  
|and outstanding, respectively                                            
|Common stock payable - 300,000 shares                                    
|Additional paid-in-capital                                               
|Accumulated deficit                                                      
|                                                                         
|Total Stockholders' Deficit                                              
|                                                                         
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                              
|                                                                         
|The accompanying notes are an integral part of these financial statements





19


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|MUSIC OF YOUR LIFE, INC.                                                 
|-------------------------------------------------------------------------
|Consolidated Statements of Operations                                    
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|NET REVENUES                                                             
|                                                                         
|OPERATING EXPENSES                                                       
|                                                                         
|Salaries and Consulting fees (including stock-based compensation         
|of $96,900 and $33,000, respectively)                                    
|Professional fees                                                        
|Selling, general and administrative                                      
|Provision for impairment of intangible assets                            
|                                                                         
|Total Operating Expenses                                                 
|                                                                         
|LOSS FROM OPERATIONS                                                     
|                                                                         
|OTHER INCOME (EXPENSES)                                                  
|                                                                         
|Income (expense) from derivative liability                               
|Interest expense (including amortization of debt discounts               
|of $403,610 and $222,197 respectively)                                   
|Promissory Note issued to entity for services relating to                
|Equity Financing Agreement                                               
|                                                                         
|Total Other Income (Expenses)                                            
|                                                                         
|LOSS BEFORE INCOME TAXES                                                 
|                                                                         
|INCOME TAX EXPENSE                                                       
|                                                                         
|NET LOSS                                                                 
|                                                                         
|BASIC AND DILUTED:                                                       
|Net loss per common share                                                
|                                                                         
|Weighted average shares outstanding                                      
|                                                                         
|The accompanying notes are an integral part of these financial statements





















20


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|MUSIC OF  YOUR LIFE, INC.                                                                                                                 
|------------------------------------------------------------------------------------------------------------------------------------------
|Consolidated Statements of Stockholders' Deficit                                                                                          
|For the Period from June 1, 2015 to May 31, 2017                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|Balance, June 1, 2015                                                                                                                     
|                                                                                                                                          
|Common stock issued as part of Promissory Note loans                                                                                      
|                                                                                                                                          
|Common shares issued for services                                                                                                         
|                                                                                                                                          
|Common stock to be issued for late fees on promissory notes                                                                               
|                                                                                                                                          
|Common stock issued for late fees on promissory notes                                                                                     
|                                                                                                                                          
|Common stock issued for conversion of debt                                                                                                
|                                                                                                                                          
|Common shares issued for cash                                                                                                             
|                                                                                                                                          
|Debt ($150,000) and accrued interest ($75,000) satisfied from December 2015 foreclosure of property securing February 2013 Promissory Note
|                                                                                                                                          
|Preferred shares issued for services                                                                                                      
|                                                                                                                                          
|Net loss for the year ended                                                                                                               
|May 31, 2016                                                                                                                              
|                                                                                                                                          
|Balance, May 31, 2016                                                                                                                     
|                                                                                                                                          
|Common stock issued for conversion of debt                                                                                                
|                                                                                                                                          
|Common shares issued for services                                                                                                         
|                                                                                                                                          
|Common shares issued for cash                                                                                                             
|                                                                                                                                          
|Beneficial conversion feature of convertible notes issued                                                                                 
|                                                                                                                                          
|Net loss for the year ended                                                                                                               
|May 31, 2017                                                                                                                              
|                                                                                                                                          
|Balance, May 31, 2017                                                                                                                     
|                                                                                                                                          
|The accompanying notes are an integral part of these financial statements                                                                 









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|MUSIC OF YOUR LIFE, INC.                                                 
|-------------------------------------------------------------------------
|Consolidated Statements of Cash Flows                                    
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|CASH FLOWS FROM OPERATING ACTIVITIES:                                    
|                                                                         
|Net loss                                                                 
|Adjustments to reconcile net loss to net                                 
|cash used by operating activities:                                       
|Provision for impairment of intangible assets                            
|Preferred stock issued for services                                      
|Common stock payable for late fees                                       
|Common stock issued for services                                         
|Promissory Note issued to entity for services relating to                
|Equity Financing Agreement                                               
|Expense (income) from derivative liability                               
|Amortization of debt discounts                                           
|Changes in operating assets and liabilities:                             
|Music inventory                                                          
|Accounts payable                                                         
|Accrued interest payable on notes payable                                
|Accrued consulting fees                                                  
|                                                                         
|Net Cash Used by Operating Activities                                    
|                                                                         
|CASH FLOWS FROM INVESTING ACTIVITIES:                                    
|                                                                         
|Deposits for acquisition of intangible assets                            
|Trademark                                                                
|                                                                         
|Net Cash Used by Investing Activities                                    
|                                                                         
|CASH FLOWS FROM FINANCING ACTIVITIES:                                    
|                                                                         
|Proceeds from sale of common stock                                       
|Proceeds from notes payable                                              
|Proceeds from notes payable to related parties                           
|Payments on notes payable                                                
|                                                                         
|Net Cash Provided by Financing Activities                                
|                                                                         
|NET INCREASE IN CASH AND CASH EQUIVALENTS                                
|                                                                         
|CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                           
|                                                                         
|CASH AND CASH EQUIVALENTS, END OF PERIOD                                 
|                                                                         
|SUPPLEMENTAL CASH FLOW INFORMATION                                       
|                                                                         
|Cash Payments For:                                                       
|Interest                                                                 
|Income taxes                                                             
|                                                                         
|Non-cash investing and financing activities:                             
|Initial derivative liability charged to debt discounts                   
|Conversion of debt and accrued interest into common stock                
|Beneficial conversion feature of convertible notes issued                
|recorded as debt discount and credited to additional paid-in capital     
|Conversion of notes payable ($67,750) and accrued interest               
|($67,500) into convertible notes payable                                 
|Common stock issued as part of Promissory Note loans recorded            
|as debt discounts and credited to common stock and additional            
|paid in capital                                                          
|Debt ($150,000) and accrued interest ($75,000) satisfied from            
|December 2015 foreclosure of property securing February                  
|2013 Promissory Note                                                     
|                                                                         
|The accompanying notes are an integral part of these financial statements



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NOTE 1 -ORGANIZATION



Music of Your Life, Inc. (the “Company”)
was incorporated under the laws of the State of Florida on January 30, 2008 under the name of “Zhong Sen International Tea
Company”. From January 2008 to May 2013, the Company operated with the principal business objective of providing sales and
marketing consulting services to small to medium sized Chinese tea producing companies who wished to export and distribute high
quality Chinese tea products worldwide. On May 31, 2013 (the “Closing Date”), the Company entered into a Merger Agreement
(the “Merger Agreement”) by and among the Company, Music of Your Life, Inc., a Nevada corporation (“MYL Nevada”)
incorporated October 10, 2012, and Music of Your Life Merger Sub, Inc., a Utah corporation ("Merger Sub"), pursuant to
which MYL Nevada merged with Merger Sub. Each shareholder of MYL Nevada received ten (10) shares of common stock of the Company
for every one (1) share of MYL Nevada held as of May 31, 2013. In accordance with the terms of the merger agreement, all of the
shares of MYL Nevada held by MYL Nevada shareholders were cancelled and 100 shares of MYL Nevada were issued to the Company. 34,860,000
shares of common stock of the Company were issued to the MYL Nevada shareholders. As a result of the merger, MYL Nevada became
a wholly-owned subsidiary of the Company, and on July 26, 2013, the Company changed its name to Music of Your Life, Inc., and is
now operating a multi-media entertainment company, producing live concerts, television shows and radio programming. On May 20,
2014 the Company acquired 100% of the outstanding stock of iRadio, Inc., a Utah corporation. A total of 20,000,000 shares were
issued to the shareholders of iRadio. The Company was the surviving corporation. iRadio was an entity related to the Company by
common ownership.



NOTE 2 -SIGNIFICANT
ACCOUNTING POLICIES



This summary of significant accounting
policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements
and notes are representations of the Company’s management who are responsible for their integrity and objectivity. These
accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently
applied in the preparation of the financial statements. The following policies are considered to be significant:



a.       Accounting
Method



The Company recognizes income and
expenses based on the accrual method of accounting. The Company has elected a May 31 year-end.



b.       Cash
and Cash Equivalents



Cash equivalents are generally comprised
of certain highly liquid investments with original maturities of less than three months.



c.       Use
of Estimates in the Preparation of Financial Statements



The preparation of financial statements
in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those
estimates.



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d.       Basic
and Fully Diluted Net Loss per Share of Common Stock



In accordance with Financial Accounting
Standards No. ASC 260, “Earnings per Share,” basic net loss per common share is based on the weighted average number
of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of
common shares plus dilutive common share equivalents outstanding during the period. Dilutive instruments (such as convertible notes
payable and common stock purchase warrants) have not been included and calculated for the year end computations as their effect
is antidilutive.



e.       Revenue
Recognition



Revenue is recognized upon completion
of services or delivery of goods where the sales price is fixed or determinable and collectability is reasonably assured. Advance
customer payments are recorded as deferred revenue until such time as they are recognized. The Company does not offer any cash
rebates. Returns or discounts, if any, are netted against gross revenues.



f.       Recent
Accounting Pronouncements



We have reviewed accounting pronouncements
issued and have adopted any that are applicable to the Company. We have determined that none had a material impact on our financial
position, results of operations, or cash flows for the years ended May 31, 2017 and 2016.



Certain other accounting pronouncements
have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been
adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards
is not expected to be material.



g.       Income
Taxes



The Financial Accounting Standards
Board (FASB) has issued FASB ASC 740-10 (Prior authoritative literature: Financial Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 (FIN 48)).  FASB ASC 740-10 clarifies the accounting
for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with prior literature FASB Statement
No. 109, Accounting for Income Taxes.  This standard requires a company to determine whether it is more likely than not that
a tax position will be sustained will be sustained upon examination based upon the technical merits of the position.  If the
more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial
statements.  As a result of the implementation of this standard, the Company performed a review of its material tax positions
in accordance with recognition and measurement standards established by FASB ASC 740-10.



Deferred taxes are provided on a
liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit
carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the
differences between the reported amounts of assets and liabilities and their tax bases.  Deferred tax assets are reduced by
a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax
assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and
rates on the date of enactment.

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At May 31, 2017, the Company had
net operating loss carryforwards of approximately $2,324,331 which may be offset against future taxable income through 2037. No
tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards
are offset by a valuation allowance of the same amount.



Due to the change in ownership provisions
of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual
limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to future use.



Net deferred
tax assets consist of the following components as of May 31, 2017 and 2016:



|                       |  | May 31, 2017 |          | May 31, 2016
|---------------------- |  | ------------ | -------- | ------------
|Deferred tax assets:   |  |              |          |             
|NOL Carryover          |  | $            | 790,273  |             
|Valuation allowance    |  |              | (790,273 | )           
|Net deferred tax asset |  | $            | —        |             



The income tax provision differs
from the amount of income tax determined by applying the U.S. federal and state income tax rates of 34% to pretax income for the
years ended May 31, 2017 and 2016 due to the following:



|                                                                      |  | May 31, 2017 |          | May 31, 2016
|--------------------------------------------------------------------- |  | ------------ | -------- | ------------
|Expected tax (benefit) at 34%                                         |  | $            | (440,774 | )           
|Non-deductible provision for impairment                               |  |              | —        |             
|Non-deductible stock-based expenses                                   |  |              | 32,946   |             
|Non-deductible expense (non-taxable income) from derivative liability |  |              | 57,225   |             
|Non-deductible amortization of debt discounts                         |  |              | 137,227  |             
|Change in valuation allowance                                         |  |              | 213,376  |             
|Provision for income taxes                                            |  | $            | —        |             



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A reconciliation of the beginning
and ending amount of unrecognized tax benefits is as follows:



|                                                         |  |   | Year Ended May 31, 2017 |  |  |   | Year Ended May 31, 2016 | 
|-------------------------------------------------------- |  | - | ----------------------- |  |  | - | ----------------------- | 
|Beginning balance                                        |  | $ | —                       |  |  | $ | —                       | 
|Additions based on tax positions related to current year |  |   | —                       |  |  |   | —                       | 
|Additions for tax positions of prior years               |  |   | —                       |  |  |   | —                       | 
|Reductions for tax positions of prior years              |  |   | —                       |  |  |   | —                       | 
|Reductions in benefit due to income tax expense          |  |   | —                       |  |  |   | —                       | 
|Ending balance                                           |  | $ | —                       |  |  | $ | —                       | 



At May 31, 2017, the Company
had no unrecognized tax benefits that, if recognized, would affect the effective tax rate.



The Company did not have any
tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase
or decrease within the next 12 months.



The Company includes interest
and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income
taxes.  As of May 31, 2017, the Company had no accrued interest or penalties related to uncertain tax positions.



h.Concentrations of Credit Risk



Financial instruments that potentially
subject the Company to concentrations of credit risks consist of cash and cash equivalents. The Company places cash and cash equivalents
at well-known quality financial institutions. Cash and cash equivalents at banks are insured by the Federal Deposit Insurance Corporation
for up to $250,000. The Company did not have any cash or cash equivalents in excess of this amount at May 31, 2017.



i.       Principles
of Consolidation



The consolidated financial
statements have been prepared in accordance with accounting principles generally accepted in the United States and include
the Company and its wholly-owned subsidiary. All inter-company accounts and transactions have been eliminated.



j.       Advertising



Advertising costs, which are expensed
as incurred, were $4,578 and $13,709 for the years ended May 31, 2017 and 2016, respectively.



26


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NOTE 3 - FINANCIAL INSTRUMENTS



The Company has adopted FASB ASC
820-10-50, “Fair Value Measurements.”  This guidance defines fair value, establishes a three-level valuation
hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures.  The three
levels are defined as follows:



Level 1 inputs
to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.



Level 2 inputs
to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable
for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.



Level 3 inputs
to valuation methodology are unobservable and significant to the fair measurement.



The carrying amounts reported in
the balance sheets for the cash and cash equivalents, receivables and current liabilities each qualify as financial instruments
and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and
their expected realization and their current market rate of interest.



NOTE 4 - LOANS RECEIVABLE – RELATED PARTY



During the year ended May 31, 2013,
the Company loaned $174,950 to the Company’s current chief executive in anticipation of the merger agreement described in
Note 1. The loans are non-interest bearing and due on demand. Effective May 31, 2015, the Company agreed to waive collection of
$100,000 of the remaining $115,950 loans receivable balance in exchange for the chief executive officer’s agreement to waive
payment of the $100,000 accrued consulting fees balance due him at May 31, 2015 (see Note 10). As of May 31, 2017, the balance
due on this loan was $15,950.



NOTE 5 –DEPOSITS FOR ACQUISITION OF INTANGIBLE
ASSETS



During the years ended May 31, 2016
and 2015 the Company paid $59,000 and $158,000, respectively, to the wife of the chief executive officer as deposits for certain
trademarks and other intellectual property to be assigned to the Company. Under the agreement, if the Company failed to pay a total
of $250,000 by December 31, 2015, the Company was to forfeit all rights, title and interest in the trademarks and intellectual
property unless extended by her. As of the date of this filing, the agreement has not been extended but the Company continues to
use the intangible assets and is in negotiations to extend the agreement.



At May 31, 2016, it was not certain
whether the intangible assets will ultimately be assigned to the Company. Further, it was not more likely than not that the Company
will be able to generate sufficient future cash flows from these assets to recover any or all of the $243,000 deposits balance.
Accordingly, the Company recognized a provision for impairment expense of $243,000 at May 31, 2016 and reduced the net carrying
balance of the deposits for acquisition of intangible assets to $-0-.



NOTE 6 - MUSIC INVENTORY



The Company purchases digital music
to broadcast over the radio and internet. During the year ended May 31, 2017, the Company purchased $5,843 worth of music inventory.
The amount of music inventory held at May 31, 2017 was $13,862.

27


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NOTE 7 -NOTES PAYABLE



Notes payable consisted of the following:



|                                                                                                   |  | May 31, 2017 |        | May 31, 2016
|-------------------------------------------------------------------------------------------------- |  | ------------ | ------ | ------------
|Notes payable to a corporation, non-interest bearing, due on demand, unsecured                     |  | $            | 63,750 |             
|Note payable to an individual, stated interest of $15,000, due on October 15, 2014 (A)             |  |              | —      |             
|Note payable to an individual, due on May 22, 2015, in default (B)                                 |  |              | 25,000 |             
|Note payable to an individual, non-interest bearing, due on August 23, 2015 (C)                    |  |              | —      |             
|Note payable to an entity, non-interest bearing, due on February 1, 2016, in default (D)           |  |              | 50,000 |             
|Note payable to a family trust, stated interest of $2,500, due on October 31, 2015, in default (E) |  |              | 7,000  |             
|Note payable to an individual, stated interest of $2,500, due on October 31, 2015 (F)              |  |              | —      |             
|Note payable to a corporation, stated interest of $5,000, due on October 21, 2015, in default (G)  |  |              | 50,000 |             
|Note payable to a corporation, stated interest of $5,000, due on November 6, 2015, in default (H)  |  |              | 50,000 |             
|Note payable to an individual, stated interest of $2,500, due on December 20, 2015, in default (I) |  |              | 25,000 |             
|Convertible note payable to an entity, interest at 10%, due on June 25, 2016 (J)                   |  |              | —      |             
|Note payable to an individual, stated interest of $2,500, due on December 18, 2015, in default (K) |  |              | 25,000 |             
|Convertible note payable to an entity, interest at 12%, due on December 22, 2016 (L)               |  |              | —      |             
|Convertible note payable to an entity, interest at 12%, due on December 22, 2016, in default (M)   |  |              | 20,000 |             
|Convertible note payable to an entity, interest at 10%, due on November 12, 2016 (N)               |  |              | —      |             
|Convertible note payable to an entity, interest at 10%, due on November 12, 2016 (O)               |  |              | —      |             
|Note payable to a family trust, interest at 10%, due on November 30, 2016, in default (P)          |  |              | 25,000 |             
|Convertible note payable to an entity, interest at 10%, due on March 17, 2017, in default (Q)      |  |              | 46,126 |             
|Convertible note payable to an entity, interest at 10%, due on June 13, 2017 (R)                   |  |              | 56,250 |             
|                                                                                                  

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|Convertible note payable to an entity, interest at 10%, due on April 21, 2017 – net of discount of $1,940 and $-0-, respectively (S)    |  |   | 38,810   |   |  |   | —        |  
|--------------------------------------------------------------------------------------------------------------------------------------- |  | - | -------- | - |  | - | -------- | -
|Convertible note payable to an entity, interest at 12%, due on August 16, 2017 – net of discount of $13,256 and $-0-, respectively (T)  |  |   | 33,744   |   |  |   | —        |  
|Convertible note payable to an entity, interest at 12%, due on October 31, 2017 – net of discount of $20,288 and $-0-, respectively (U) |  |   | 26,462   |   |  |   | —        |  
|Convertible note payable to an individual, interest at 10%, due on demand (V)                                                           |  |   | 59,820   |   |  |   | —        |  
|Convertible note payable to an individual, interest at 8%, due on demand (W)                                                            |  |   | 29,000   |   |  |   | —        |  
|Convertible note payable to an individual, interest at 8%, due on demand (X)                                                            |  |   | 21,500   |   |  |   | —        |  
|Convertible note payable to an entity, interest at 10%, due on demand (Y)                                                               |  |   | 8,600    |   |  |   | —        |  
|Notes payable to individuals, non-interest bearing, due on demand                                                                       |  |   | 72,500   |   |  |   | —        |  
|Total Notes Payable                                                                                                                     |  |   | 733,562  |   |  |   | 466,096  |  
|Less: Current Portion                                                                                                                   |  |   | (733,562 | ) |  |   | (466,096 | )
|Long-Term Notes Payable                                                                                                                 |  | $ | —        |   |  | $ | —        |  



(A) On August 15, 2014, the Company
issued a $50,000 Promissory Note with a stated interest amount of $15,000 due at maturity on October 14, 2014. The Company also
issued 350,000 shares of common stock, valued at $52,500, as part of the note agreement. The proceeds of the note were allocated
between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $25,610. This
amount was amortized over the 60 days life of the promissory note. See (V) below.



(B) On April 22, 2015, the Company
issued a $25,000 Promissory Note, non-interest bearing (interest at 24% per annum after May 22, 2015), due at maturity on May 22,
2015. The Company also agreed to issue 500,000 shares of common stock, valued at $50,000 on April 22, 2015, as part of the note
agreement. The proceeds of the note were allocated between the principal and the market value of the stock resulting in the Company
recording a discount on the debt of $16,667. This amount was amortized over the 30 days life of the promissory note.



(C) On June 23, 2015, the Company
issued a $25,000 Promissory Note, non-interest bearing, due at maturity on August 23, 2015. The Company also agreed to issue 500,000
shares of common stock, valued at $20,000, as part of the note agreement. The proceeds of the note were allocated between the principal
and the market value of the stock resulting in the Company recording a discount on the debt of $11,111. This amount was amortized
over the 60 days life of the promissory note. See (W) below.

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(D) On July 24, 2015, the Company
issued a $50,000 Promissory Note to Kodiak Capital Group, LLC (“Kodiak”) for services rendered in association with
the Equity Purchase Agreement (See Note 8). As amended and restated January 4, 2016, the note is non-interest bearing and is due
on February 1, 2016.



(E) On July 31, 2015, the Company
issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on October 31, 2015. The Company also
issued 1,000,000 shares of common stock, valued at $38,000, as part of the note agreement. The proceeds of the note were allocated
between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $15,079. This
amount was amortized over the 90 days life of the promissory note.



(F) On July 31, 2015, the Company
issued a second $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on October 31, 2015. The Company
also issued 1,000,000 shares of common stock, valued at $38,000, as part of the note agreement. The proceeds of the note were allocated
between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $15,079. This
amount was amortized over the 90 days life of the promissory note. See (X) below.



(G) On August 6, 2015, the Company
issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on October 21, 2015. The Company also
agreed to issue 2,000,000 shares of common stock, valued at $76,000, as part of the note agreement. The proceeds of the note were
allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt of
$30,159. This amount was amortized over the 75 days life of the promissory note.



(H) On August 21, 2015, the Company
issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on November 6, 2015. The Company also
agreed to issue 2,000,000 shares of common stock, valued at $60,000, as part of the note agreement. The proceeds of the note were
allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt of
$27,273. This amount was amortized over the 75 days life of the promissory note.



(I) On September 21, 2015, the Company
issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 20, 2015. The Company also
agreed to issue 1,000,000 shares of common stock, valued at $30,000, as part of the note agreement. The proceeds of the note were
allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt of
$13,636. This amount was amortized over the 90 days life of the promissory note. In the event that all principal and interest are
not paid to the lender by January 20, 2016, the Company is obligated to issue another 1,000,000 shares of common stock to the lender
and for interest to accrue at a rate of 24% per annum commencing on January 21, 2016.



(J) On September 25, 2015, the Company
issued a $55,750 Convertible Promissory Note to a lender for net loan proceeds of $45,000. The note bears interest at a rate of
10% per annum (24% per annum default rate), was due on June 25, 2016, and was convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the 25 Trading
Day period prior to the Conversion Date or (b) $.00605 per share. See Note 9 (Derivative Liability).



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(K) On November 13, 2015, the Company
issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 18, 2015. The Company also
agreed to issue 200,000 shares of common stock, valued at $6,000, as part of the note agreement. The proceeds of the note were
allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt of
$4,839. This amount was amortized over the 35 days life of the promissory note. In the event that all principal and interest are
not paid to the lender by December 18, 2015, the Company is obligated to pay late fees of 5,000 shares of common stock per day
for the first 60 days after December 18, 2015, and beginning with the 61st day after December 18, 2015, any balance
owed shall accrue interest at a rate of 10% per annum.



(L) On December 22, 2015, the Company
issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bore interest at a rate of
12% per annum, was due on December 22, 2016, and was convertible at the option of the lender into shares of the Company common
stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion
Date. See Note 9 (Derivative Liability).



(M) On December 29, 2015, the Company
issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest at a rate of
12% per annum, was due on December 22, 2016, and is convertible at the option of the lender into shares of the Company common stock
at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion Date.
See Note 9 (Derivative Liability).



(N) On February 12, 2016, the Company
issued a $35,500 Convertible Promissory Note to a lender for net loan proceeds of $27,000. The note bore interest at a rate of
10% per annum (24% per annum default rate), was due on November 12, 2016, and was convertible at the option of the lender into
shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the
25 Trading Day period prior to the Conversion Date or (b) $.00605 per share. See Note 9 (Derivative Liability).



(O) On March 17, 2016, the Company
issued a $44,000 Convertible Promissory Note to a lender for net loan proceeds of $30,000. The note bore interest at a rate of
10% per annum (24% per annum default rate), was due on September 17, 2016, and was convertible at the option of the lender into
shares of the Company common stock at a Conversion Price equal to the lesser of (a) 65% of the lowest Trading Price during the
30 Trading Day period prior to the Conversion Date or (b) 65% of the lowest Market Price during the 30 day Trading Day period prior
to the Conversion Date. See Note 9 (Derivative Liability).



(P) On June 3, 2016, the Company
issued a $25,000 Promissory Note. The note bears interest at a rate of 10% per annum and was due on November 30, 2016.



(Q) On June 17, 2016, the Company
issued a $50,750 Convertible Promissory Note to a lender for net loan proceeds of $44,000. The note bears interest at a rate of
10% per annum (24% per annum default rate), was due on March 17, 2017, and is convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to 55% of the lowest Trading Price during the 25 Trading Day period prior
to the Conversion Date. See Note 7 (Derivative Liability).



(R) On July 21, 2016, the Company
issued a $56,250 Convertible Promissory Note to a lender for net loan proceeds of $50,000. The note bears interest at a rate of
10% per annum (24% per annum default rate), is due on April 21, 2017, and is convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to $0.0005 per share.



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(S) On September 13, 2016, the Company
issued a $40,750 Convertible Promissory Note to a lender for net loan proceeds of $35,000. The note bears interest at a rate of
10% per annum (24% per annum default rate), is due on June 13, 2017, and is convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to $0.0005 per share.



(T) On November 16, 2016, the Company
issued a $47,000 Convertible Promissory Note to a lender for net loan proceeds of $40,000. The note bears interest at a rate of
12% per annum (24% per annum default rate), is due on August 16, 2017, and is convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to 50% of the lowest Trading Price during the 25 Trading Day period prior
to the Conversion Date. See Note 7 (Derivative Liability).



(U) On January 31, 2017, the Company
issued a $46,750 Convertible Promissory Note to a lender for net loan proceeds of $40,000. The note bears interest at a rate of
12% per annum (24% per annum default rate), is due on October 31, 2017, and is convertible at the option of the lender into shares
of the Company common stock at a Conversion Price equal to 50% of the lowest Trading Price during the 25 Trading Day period prior
to the Conversion Date. See Note 7 (Derivative Liability).



(V) On May 3, 2017, the Company issued
a $72,750 Convertible Promissory Note to a lender as a replacement for the principal and interest due on the promissory note described
in (A) above. The note bears interest at a rate of 10% per annum, is due on demand, and is convertible at the option of the lender
into shares of the Company common stock at a Conversion Price equal to $0.0001293 per share.



(W) On April 5, 2017, the Company
issued a $35,000 Convertible Promissory Note to a lender as a replacement for the principal and interest due on the promissory
note described in (C) above. The note bears interest at a rate of 8% per annum, is due on demand, and is convertible at the option
of the lender into shares of the Company common stock at a Conversion Price equal to 40% of the lowest Trading Price during the
5 Trading Day period prior to the Conversion Date. See Note 7 (Derivative Liability).



(X) On April 5, 2017, the Company
issued a $27,500 Convertible Promissory Note to a lender as a replacement for the principal and interest due on the promissory
note described in (F) above. The note bears interest at a rate of 8% per annum, is due on demand, and is convertible at the option
of the lender into shares of the Company common stock at a Conversion Price equal to 40% of the lowest Trading Price during the
5 Trading Day period prior to the Conversion Date. See Note 7 (Derivative Liability).



(Y) On March 1, 2017, the Company
issued a $8,600 Convertible Promissory Note to a vendor of the Company to convert certain accounts payable due to the vendor. The
note bears interest at a rate of 10% per annum, is due on demand, and is convertible at the option of the lender into shares of
the Company common stock at a Conversion Price equal to the higher of $0.00004 per share or 60% of the lowest Trading Price during
the 5 Trading Day period prior to the Conversion Date.



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NOTE 8 - NOTES PAYABLE – RELATED PARTIES



Notes payable – related parties
consisted of the following:



|                                                                                                          |  | May 31, 2017 |         | May 31, 2016
|--------------------------------------------------------------------------------------------------------- |  | ------------ | ------- | ------------
|Note payable to wife of Company’s chief executive officer, non-interest bearing, due on demand, unsecured |  | $            | 10,188  |             
|Note payable to Company law firm, non-interest bearing, due on demand, unsecured                          |  |              | 2,073   |             
|Total Notes Payable                                                                                       |  |              | 12,261  |             
|Less: Current Portion                                                                                     |  |              | (12,261 | )           
|Long-Term Notes Payable                                                                                   |  | $            | —       |             



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NOTE 9 – DERIVATIVE LIABILITY



The derivative liability at May 31,
2017 and 2016 consisted of:



|                                                                             |  | May 31, 2017 |         | May 31, 2016        
|---------------------------------------------------------------------------- |  | ------------ | ------- | --------------------
|                                                                             |  | Face Value   |         | Derivative Liability
|Convertible note payable issued September 25,2015, due June 25, 2016 (J)     |  | $            | —       |                     
|Convertible note payable issued December 22, 2015, due December 22, 2016 (L) |  |              | —       |                     
|Convertible note payable issued December 29, 2015, due December 29, 2016 (M) |  |              | 20,000  |                     
|Convertible note payable issued February 12, 2016, due November 12, 2016 (N) |  |              | —       |                     
|Convertible note payable issued March 17, 2016, due September 17, 2016 (O)   |  |              | —       |                     
|Convertible note payable issued June 17, 2016, due March 17, 2017 (Q)        |  |              | 46,127  |                     
|Convertible note payable issued November 16, 2016, due August 16, 2017 (T)   |  |              | 47,000  |                     
|Convertible note payable issued November 16, 2016, due August 16, 2017 (U)   |  |              | 46,750  |                     
|Convertible note payable issued April 5, 2017, due on demand (W)             |  |              | 29,000  |                     
|Convertible note payable issued April 5, 2017, due on demand (X)             |  |              | 21,500  |                     
|Totals                                                                       |  | $            | 367,197 |                     



The above convertible notes contain
a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares of
common stock issuable upon conversion of the notes is indeterminate. Accordingly, we have recorded the fair value of the embedded
conversion features as a derivative liability at the respective issuance dates of the notes and charged the applicable amounts
to debt discounts and the remainder to other expense. The increase (decrease) in the fair value of the derivative liability from
the respective issuance dates of the notes to the measurement dates is charged (credited) to other expense (income). The fair value
of the derivative liability of the notes is measured at the respective issuance dates and quarterly thereafter using the Black
Scholes option pricing model.



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Assumptions used for the calculations
of the derivative liability of the notes at May 31, 2017 include (1) stock price of $0.0002 per share, (2) exercise prices ranging
from $0.00005 to $0.00006 per share, (3) terms ranging from 0 days to 92 days, (4) expected volatility of 490% and (5) risk free
interest rates ranging from 0.86% to 0.98%.



Assumptions used for the calculations
of the derivative liability of the notes at May 31, 2016 include (1) stock price of $0.0023 per share, (2) exercise prices ranging
from $0.0010 to $0.0013 per share, (3) terms ranging from 25 days to 212 days, (4) expected volatility of 445% and (5) risk free
interest rates ranging from 0.27% to 0.49%.



NOTE 10 - EQUITY TRANSACTIONS



During the year ended May 31, 2016,
the Company issued an aggregate of 7,700,000 shares of common stock to accredited investors in consideration of loans made to the
Company.



During the year ended May 31, 2016,
the Company issued an aggregate of 1,000,000 shares of common stock for consulting services rendered to the Company and was recorded
as consulting fees on the statement of operations in the amount of $33,000.



During the year ended May 31, 2016,
the Company issued 1,000,000 shares of common stock for late fees on promissory notes.



During the year ended May 31, 2016,
the Company issued an aggregate of 10,164,933 shares of common stock for the conversion of notes payable and interest in the aggregate
amount of $12,560.



During the year ended May 31, 2016,
the Company issued an aggregate of 20,900,000 shares of common stock for cash in the aggregate amount of $112,600.



On March 4, 2016, the Company issued
200 shares of Series A Preferred Stock to our chief executive officer for consulting services rendered to the Company and was recorded
as consulting fees on the statement of operations in the amount of $10,000. Each share of Series A Preferred Stock was entitled
to 2,000,000 votes. The Series A Preferred Stock had no conversion, liquidation, or dividend rights.



On November 9, 2016, the Company
amended its Articles of Incorporation to increase the number of authorized shares of common stock from 2,000,000,000 to 10,000,000,000
shares and to amend the voting rights for the Series A Preferred Stock. As amended, each share of Series A Preferred Stock shall
have voting rights equal to four times the sum of (a) all shares of Common Stock issued and outstanding at the time of voting;
plus (b) the total number of votes of all other classes of preferred stock which are issued and outstanding at the time of voting;
divided by (c) the number of shares of Series A Preferred Stock issued and outstanding at the time of voting. The Series A Preferred
Stock continues to have no conversion, liquidation, or dividend rights.



During the year ended May 31, 2017,
the Company issued an aggregate of 1,671,958,939 shares of common stock for the conversion of notes payable and interest in the
aggregate amount of $260,391.



During the year ended May 31, 2017,
the Company issued an aggregate of 113,000,000 shares of common stock for consulting services rendered to the Company and was recorded
as consulting fees on the statement of operations in the amount of $96,900.



During the year ended May 31, 2017,
the Company issued an aggregate of 500,000,000 shares of common stock for cash in the aggregate amount of $40,000.



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At May 31, 2017 and 2016, there are
no stock options or warrants outstanding.



NOTE 11 - COMMITMENTS AND CONTINGENCIES



Service Agreements



On November 5, 2012, the Company
executed a General Services Agreement with the Company’s chief executive officer. The agreement provided for monthly compensation
of $10,000 and was to remain in full force and effect until either party provided 30 days notice of termination to the other party.
Effective May 31, 2015, the chief executive officer agreed to waive payment of the $100,000 accrued consulting fees balance due
him at May 31, 2015 in exchange for the Company’s agreement to waive collection of $100,000 of the remaining $115,950 loans
receivable balance due from the chief executive officer at May 31, 2015 before this transaction (see Note 4). On May 31, 2015,
this agreement was terminated.



On March 1, 2017, the Company executed
a Consulting Agreement with the Company’s chief executive officer. The agreement provides for monthly compensation of $10,000
through December 31, 2020. The Company may terminate the agreement at any time without cause. For the years ended May 31, 2017
and 2016, the chief executive officer was paid $136,500 and $-0-, respectively.



On November 15, 2012 and June 3,
2013, the Company executed General Services Agreements with two other service providers. The agreements provided for monthly compensation
of $1,000 and $500, respectively, and were to remain in full force and effect until either party provided 90 days and 30 days,
respectively, notice of termination to the other party. Effective September 1, 2015, these two agreements were replaced by Consulting
Agreements to provide for monthly compensation of $5,000 to each of the two service providers. The term of the agreements is from
September 1, 2015 to December 31, 2016 and thereafter on a month-to-month basis. The Company may terminate both of these Consulting
Agreements at any time without cause.



Effective September 1, 2015, the
Company entered into a Consulting Agreement with another service provider. The agreement provides for monthly compensation of
$1,000 for a term from September 1, 2015 to December 31, 2016 and thereafter on a month-to-month basis. The Company may terminate
this Consulting Agreement at any time without cause.



Equity Purchase Agreement



On July 24, 2015, the Company executed
an Equity Purchase Agreement and a Registration Rights Agreement with Kodiak Capital Group, LLC (“Kodiak”) and issued
a Promissory Note to Kodiak with a $50,000 face value for services rendered in association with the Equity Purchase Agreement (see
(D) on Note 7). The Equity Purchase Agreement (which expired July 24, 2016) provided for Kodiak to purchase up to $1,000,000 of
the Company’s common stock to be sold at a 30% discount to market. The Company was required to file and have declared effective
a Registration Statement with the SEC relating to these shares. The Company initially filed a Registration Statement with the SEC
on October 9, 2015; the amended Registration Statement was declared effective on February 17, 2016.



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NOTE 12 - GOING CONCERN



The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business. At May 31, 2017, the Company had negative working capital of $1,625,182
and an accumulated deficit of $3,762,130. These factors raise substantial doubt regarding the Company’s ability to continue
as a going concern.



To date the Company has funded its
operations through a combination of loans and sales of common stock. The Company anticipates another net loss for the fiscal year
ended May 31, 2018 and with the expected cash requirements for the coming year, there is substantial doubt as to the Company’s
ability to continue operations.



The Company is attempting to improve
these conditions by way of financial assistance through issuances of additional equity and by generating revenues through sales
of products and services.



The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.



NOTE 13 - SUBSEQUENT EVENTS



On June 30, 2017 and August 2, 2017,
the Company issued an aggregate of 190,950,000 shares of common stock for the conversion of debt.







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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.



N/A – No change in
accountant for the annual period ended May 31, 2017 and to present.



ITEM 9A. CONTROLS AND PROCEDURES.



Management’s Report on Disclosure
Controls and Procedures



We maintain disclosure
controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities
Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management,
to allow for timely decisions regarding required disclosure.



As of May 31, 2017, the
end of our fiscal year covered by this report, we carried out an evaluation, under the supervision of our Chief Executive Officer,
of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, we concluded
that our disclosure controls and procedures were ineffective as of the end of the period covered by this annual report because
there was no segregation of the duties with only a sole member in our management team. Our board of directors has only one member.
We do not have a formal audit committee.



Management’s Report on Internal Control
over Financial Reporting



Our management is responsible
for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities
Exchange Act, as amended). In fulfilling this responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of control procedures. The objectives of internal control include providing management with
reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that
transactions are executed in accordance with management’s authorization and recorded properly to permit the preparation of
financial statements in conformity with accounting principles generally accepted in the United States. Our management assessed
the effectiveness of our internal control over financial reporting as of May 31, 2017. In making this assessment, our management
used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal
Control-Integrated Framework. Our management has concluded that, as of May 31, 2017, our internal control over financial reporting
is ineffective in providing reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with US generally accepted accounting principles. This annual report does not include
an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary
rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual
report.



Inherent limitations on effectiveness of
controls



Internal control over financial
reporting has inherent limitations which include but is not limited to the use of independent professionals for advice and guidance,
interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel
factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to
lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented
by collusion or improper management override. Because of its inherent limitations, internal control

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over financial reporting may not prevent
or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting
process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even
those systems determined to be effective can provide only reasonable assurance with respect to financial statement
preparation and presentation.



Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.



Changes in Internal Control over Financial
Reporting



None.



ITEM 9B. OTHER INFORMATION.



None.

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PART III



ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND
CORPORATE GOVERNANCE.



Board of Directors



Our board of directors consists
of the following individual:



|Name and Year First Elected Director(1) |  | Age |  | Background Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--------------------------------------- |  | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Marc Angell
        (2013)              |  | 58  |  | Mr. Angell, age 57, has been the Chief Executive
        Officer of Music of Your Life, Inc., since November 2012. Mr. Angell acquired the well-known Music of Your Life trademark in 2008,
        and in 2009 formed Global Radio Network, Inc as its CEO to operate the syndicated radio network known as Music of Your Life. In
        November 2012, Angell formed Music of Your Life, Inc. as an entertainment company to capitalize on the growth and development of
        the Music of Your Life trademark and branding, including radio, TV, live concerts, and merchandising. Angell has entered into deals
        with Time-Life for music catalogs. Mr. Angell, was a director of Wireless Village, Inc., a telecommunications solution provider,
        and Concierge Technologies, Inc. from June, 2004 to January, 2008. In 2000, Mr. Angell became the founder and President of Planet
        Halo, a wireless telecommunications company, until he sold it in May, 2004 to the public company Concierge Technologies, Inc. (OTC:BB
        CNCG). In January 1990 Mr. Angell founded Angellcom, a supplier and distributor of one-way paging devices in the U.S. He remained
        its CEO until 1999. Mr. Angell conceptualized, designed and marketed both the one-way pagers for Angellcom and the Halo device
        for Planet Halo. During the 1990s, Mr. Angell was also involved in the land mobile radio business as a license holder and manager
        of 220MHz radio systems throughout the United States and Mexico.



(1) The business address
of each of our directors is 3225 McLeod Drive, Suite 100, Las Vegas, Nevada 89121



Director Independence



Because our common stock
is not currently listed on a national securities exchange, we have used the definition of “independence” of The NASDAQ
Stock Market to make this determination. NASDAQ Listing Rule 5605(a)(2) provides that an “independent director” is
a person other than an officer or employee of the Company or any other individual having a relationship which, in the opinion of
the Company’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities
of a director. The NASDAQ listing rules provide that a director cannot be considered independent if:



·the director is, or at any time during the past three years was, an employee of the company;



·the director or a family member of the director accepted any compensation from the company
in excess of $120,000 during any period of 12 consecutive months within the three years preceding the independence determination
(subject to certain exclusions, including, among other things, compensation for board or board committee service);



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·a family member of the director is, or at any time during the past three years was, an executive
officer of the company;



·the director or a family member of the director is a partner in, controlling stockholder of,
or an executive officer of an entity to which the company made, or from which the company received, payments in the current or
any of the past three fiscal years that exceed 5% of the recipient’s consolidated gross revenue for that year or $200,000,
whichever is greater (subject to certain exclusions);



·the director or a family member of the director is employed as an executive officer of an
entity where, at any time during the past three years, any of the executive officers of the company served on the compensation
committee of such other entity; or the director or a family member of the director is a current partner of the company’s
outside auditor, or at any time during the past three years was a partner or employee of the company’s outside auditor, and
who worked on the company’s audit.



We do not have any independent
directors. We do not have an audit committee, compensation committee or nominating committee. We do however have a code of ethics
that applies to our officers, employees and director.



Compensation of Directors



Although we anticipate
compensating the members of our board of directors in the future at industry levels, current members are not paid cash compensation
for their service as directors. Each director may be reimbursed for certain expenses incurred in attending board of directors and
committee meetings.



Board of Directors Meetings and Committees



Although various items
were reviewed and approved by the Board of Directors via unanimous written consent during fiscal year ended May 31, 2017, the Board
held no in-person meetings.



We do not have Audit or
Compensation Committees of our board of directors. Because of the lack of financial resources available to us, we also do not have
an “audit committee financial expert” as such term is described in Item 401 of Regulation S-K promulgated by the SEC.



Changes in Procedures by which Security
Holders May Recommend Nominees to the Board



Any
security holder who wishes to recommend a prospective director nominee should do so in writing by sending a letter to the Board
of Directors. The letter should be signed, dated and include the name and address of the security holder making the recommendation,
information to enable the Board to verify that the security holder was the holder of record or beneficial owner of the company’s
securities as of the date of the letter, and the name, address and resumé of the potential nominee. Specific minimum qualifications
for directors and director nominees which the Board believes must be met in order to be so considered include, but are not limited
to, management experience, exemplary personal integrity and reputation, sound judgment, and sufficient time to devote to the discharge
of his or her duties. There have been no changes to the procedures by which a security holder may recommend a nominee to the Board
during our most recently ended fiscal year.



Executive Officers



Marc Angell is our sole
executive officer, serving as our Chief Executive Officer and Secretary, as well as our principal accounting and financial officer.
Further information pertaining to Mr. Angell’s business background and experience is contained in the section above marked
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

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Section 16(a) Beneficial Ownership Reporting
Compliance



We are required to identify
each person who was an officer, director or beneficial owner of more than 10% of our registered equity securities during our most
recent fiscal year and who failed to file on a timely basis reports required by Section 16(a) of the Securities Exchange Act of
1934.



To our knowledge, during
the fiscal year ended May 31, 2017, based solely upon a review of such materials as are required by the Securities and Exchange
Commission, no other officer, director, or beneficial holder of more than ten percent of our issued and outstanding shares of Common
Stock failed to timely file with the Securities and Exchange Commission any form or report required to be so filed pursuant to
Section 16(a) of the Exchange Act of 1934.



Code of Ethics



The Company expects
that its Officers and Directors will maintain appropriate standards of honesty and ethical conduct in connection with the
performance of their duties on behalf of the Company. In recognition of this expectation, the Company has adopted a Code of
Ethics. The purpose of this Code of Ethics is to codify standards the Company believes are reasonably necessary to deter
wrongdoing and to promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of
interest between personal and professional relationships and full, fair, accurate, timely and understandable disclosure in
reports and documents that the Company files with, or submits to, the Securities and Exchange Commission (the
“SEC”), or other regulatory bodies and in other public communications made by the Company.



ITEM 11. EXECUTIVE COMPENSATION.



The following table summarizes
the total compensation for the two fiscal years ended May 31, 2017 of each person who served as our principal executive officer
or principal financial and accounting officer collectively, (the “Named Executive Officers”) including any other executive
officer who received more than $100,000 in annual compensation from the Company. We did not award cash bonuses, stock options or
non-equity incentive plan compensation to any Named Executive Officer during the two fiscal years ended May 31, 2017; thus these
items are omitted from the table below:



|Summary Compensation Table 
|---------------------------
|Name and Principal Position
|Marc Angell                
|Chief Executive Officer    
|Secretary                  



| | (1) | Consulting fees . See Note 11 to the financial statements.
| | --- | ----------------------------------------------------------

| | (2) | On
                                         March 4, 2016, the Company issued 200 shares of Series A Preferred Stock to Mr. Angell.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------



There is no other arrangement
or understanding between our directors and officers and any other person pursuant to which any director or officer was or is to
be selected as such.



Outstanding Equity Awards at Fiscal Year-End



Except for (2) above, there
were no grants or equity awards to our Named Executive Officers or directors during the fiscal year ended May 31, 2017.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.



The following table sets forth the beneficial
ownership of each of our directors and executive officers, and each person known to us to beneficially own 5% or more of the outstanding
shares of our common stock, and our executive officers and directors as a group, as of September 11, 2017. Beneficial ownership
is determined in accordance with the rules of the SEC and includes voting or investment power with respect to the securities. Unless
otherwise indicated, we believe that each beneficial owner set forth in the table has sole voting and investment power and has
the same address as us. Our address is 3225 McLeod Drive, Suite 100, Las Vegas, Nevada 89121. As of September 11, 2017, there were
2,600,120,431 shares of common stock issued and outstanding, and 200 shares of Series A Preferred Stock issued and outstanding.
Each share of Series A Preferred Stock have voting rights equal to four times the sum of (a) all shares of Common Stock issued
and outstanding at the time of voting; plus (b) the total number of votes of all other classes of preferred stock which are issued
and outstanding at the time of voting; divided by (c) the number of shares of Series A Preferred Stock issued and outstanding at
the time of voting. The Series A Preferred Stock continues to have no conversion, liquidation, or dividend rights. The following
table describes the ownership of our voting securities (i) by each of our officers and directors, (ii) all of our officers and
directors as a group, and (iii) each person known to us to own beneficially more than 5% of our common stock or any shares of our
preferred stock



|Name                                                                         |  | Sole Voting and Investment Power |   | Other Beneficial Ownership |  | Total |            | Percent of Class Outstanding
|---------------------------------------------------------------------------- |  | -------------------------------- | - | -------------------------- |  | ----- | ---------- | ----------------------------
|Jacquie Angell(1)                                                            |  |                                  | 0 |                            |  |       | 39,112,422 |                             
|Marc Angell(2)                                                               |  |                                  | 0 |                            |  |       | 39,112,422 |                             
|All directors/director nominees and executive officers as a group (1 person) |  |                                  | 0 |                            |  |       | 39,112,422 |                             





| | (1) | Shareholder and spouse of CEO/Chairman, Marc Angell. Includes 20,000,000 shares of common stock
she granted to the Angell Family Trust, and 19,112,422 shares of common stock granted by her husband, Marc Angell, to the Angell
Family Trust.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (2) | CEO/Chairman of the Board of Directors and spouse of shareholder, Jacquie Angell. Includes 19,112,422
shares of common stock he granted to the Angell Family Trust, and 20,000,000 shares of common stock his wife, Jacquie Angell, granted
to the Angell Family Trust. Excludes 200 shares of Series A Preferred Stock held by Mr. Angell which have super-voting rights,
but no conversion, dividend, or liquidation rights. If the votes of the Series A Preferred Stock were taken into account, Mr. Angell
would beneficially hold approximately 80% of the voting securities of the Company.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Limitation of Liability of Directors and Officers; Indemnification
and Advance of Expenses



Pursuant to our charter
and under Section 607.0850 of the 2012 Florida Statutes (hereafter, the “Statutes”), our directors are not liable to
us or our stockholders for monetary damages for breach of fiduciary duty, except for liability in connection with a breach of duty
of loyalty, for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, for
authorization of illegal dividend payments or stock redemptions under Florida law or any transaction from which a director has
derived an improper personal benefit. Our charter provides that we are authorized to provide indemnification of (and advancement
of expenses) to our directors, officers, employees and agents (and any other persons to which applicable law permits us to provide
indemnification) through Bylaw provisions, agreements with such persons, vote of stockholders or disinterested directors, or otherwise,
to the fullest extent permitted by applicable law.



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We intend to enter into
indemnification agreements with certain of our current directors and officers. The indemnification agreement will indemnify the
indemnitee to the fullest extent permitted by law, including against third-party claims and claims by or in right of the Company
or any subsidiary or majority-owned partnership of the Company by reason of that person (including the advancement of expenses
subject to certain conditions) (a) being a director, officer employee or agent of the Company, or of any subsidiary or majority-owned
partnership of the Company or (b) serving at our request as a director, officer, employee or agent of another entity. If appropriate,
we will be entitled to assume the defense of the claim with counsel selected by us and approved by the indemnitee (which approval
may not be unreasonably withheld). Separate counsel employed by the indemnitee will be at his or her own expense unless (1) the
employment of separate counsel has been previously authorized by us, (2) the indemnitee reasonably concludes there may be a conflict
of interest or (3) we have not, in fact, employed counsel to assume the defense of such claim.



The Bylaws of the Company
provide for indemnification of Covered Persons substantially identical in scope to that permitted under the Florida Law. Such Bylaws
provide that the expenses of directors and officers of the Company incurred in defending any action, suit or proceeding, whether
civil, criminal, administrative or investigative, must be paid by the Company as they are incurred and in advance of the final
disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of such director or officer to repay
all amounts so advanced if it is ultimately determined by a court of competent jurisdiction that the director or officer is not
entitled to be indemnified by the Company.



Disclosure of Commission Position on Indemnification
for Securities Act Liabilities



Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to
the provisions above, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act, and is, therefore, unenforceable.



In the event that a claim
for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors,
officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors,
officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue



Provisions of Our Charter and Bylaws



Our charter and bylaws
provide that our board of directors will have the exclusive power to make, alter, amend or repeal any provision of our bylaws.



Change of Control



On February 26, 2013, Marc
Angell purchased a controlling interest in the Company, and may unilaterally determine the election of the Board and other substantive
matters requiring approval of the Company’s stockholders. Mr. Angell purchased 19,112,422 shares of Common Stock from Li
Wang for $100,000.

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On May 31, 2013, the closing
date of the Merger Agreement, the Registrant consummated the transactions contemplated by the Merger Agreement pursuant to which,
each shareholder of MYL Nevada received ten (10) shares of the Company’s common stock for every share (1) of MYL Nevada held
as of May 31, 2013. In accordance with the terms of the Merger Agreement, all of the shares of MYL Nevada held by MYL Nevada shareholders
were cancelled and 100 shares of MYL Nevada were issued to the Company. As a result of the Merger Agreement an aggregate of
34,860,000 shares of common stock of the Company were issued to the MYL Nevada shareholders. Subsequent to the Merger Agreement,
Marc Angell, our CEO, has continued to have beneficial voting control of the Company.



Other than the transactions
and agreements disclosed in this Report, the Registrant knows of no arrangements which may result in a change of control of the
Registrant.



No officer, director, promoter
or affiliate of the Registrant has, or proposes to have, any direct or indirect material interest in any asset proposed to be acquired
by the Registrant through security holdings, contracts, options or otherwise.



ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, AND DIRECTOR INDEPENDENCE.



Certain Relationships and Related Transactions



On May 20, 2014 (the “Closing
Date”), Music of Your Life, Inc. (the “Company”) entered into a Merger Agreement (the “Merger Agreement”)
by and among the Company, and iRadio, Inc., a Utah corporation ("iRadio"), pursuant to which the Company merged with
iRadio. The Company was the surviving corporation. Each shareholder of iRadio received one (1) share of common stock of the Company
for every one (1) share of iRadio common stock held as of May 20, 2014. In accordance with the terms of the merger agreement, all
of the shares of iRadio held by iRadio shareholders were cancelled, and 20,000,000 shares of common stock of the Company will be
issued to the iRadio shareholders. A majority of these shares, 10 million shares of common stock of the Company were issued to
Jacquie Angell, an affiliate of the Company. This is considered a related party transaction. The iRadio merger included two Registered
Trademarks: (1) USPTO Reg. No. 4296661, Class 09 – Digital media streaming devices, Internet radios, Mobile radios, Radio
receivers, Radios, Vehicle radios, Wireless broadband radios; and (2) USPTO Reg. No. 4162576, Class 38 – Internet broadcasting
services, Internet radio broadcasting services, namely, transmission of audio material via the Internet, Radio broadcasting, Streaming
of audio material on the Internet. The business purpose of this transaction was to enable the Company to claim a stake in the growing
Internet radio category. As the Company’s core business of providing syndicated programming to AM and FM radio stations across
the country continues to decline, in both the number of radio stations using the service, and the rates that can be charged for
commercials, we decided to make a change in focus, to Internet streaming services. This will allow the Company to participate in
the growing revenue in the digital ad landscape, and in the subscription based Internet streaming model.



On March 4, 2016, the Board
of Directors of Music of Your Life, Inc., a Florida corporation (the “Company”) issued all 200 previously authorized
but unissued shares of Series A Preferred Stock (the “Preferred Stock”) to the Company’s sole officer and director
Marc Angell. At September 11, 2017, the Preferred Stock collectively holds 80% of the total voting power of the Company.



On November 9, 2016, the
Company amended its Articles of Incorporation to increase the number of authorized shares of common stock from 2,000,000,000 to
10,000,000,000 shares and to amend the voting rights for the Series A Preferred Stock. As amended, each share of Series A Preferred
Stock shall have voting rights equal to four times the sum of (a) all shares of Common Stock issued and outstanding at the time
of voting; plus (b) the total number of votes of all other classes of preferred stock which are issued and outstanding at the time
of voting; divided by (c) the number of shares of Series A Preferred Stock issued and outstanding at the time of voting. The Series
A Preferred Stock continues to have no conversion, liquidation, or dividend rights.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.



The following table
sets forth fees invoiced by our independent registered accounting firm Michael T. Studer, CPA P.C. during the fiscal years
ended May 31, 2017 and 2016:



|                   |  | 2017 |        | 2016
|------------------ |  | ---- | ------ | ----
|Audit Fees         |  | $    | 26,500 |     
|Audit Related Fees |  |      | -0-    |     
|Tax Fees           |  |      | -0-    |     
|All Other Fees     |  |      | -0-    |     
|Total Fees         |  | $    | 26,500 |     



It is the policy of the
Board of Directors, which presently completes the functions of the Audit Committee, to engage the independent accountants selected
to conduct our financial audit and to confirm, prior to such engagement, that such independent accountants are independent of the
company. All services of the independent registered accounting firms reflected above were pre-approved by the Board of Directors.



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PART IV



ITEM 15. EXHIBITS.



The following exhibits are filed with or incorporated
by referenced in this report:



|Exhibit Number |  | Description                                                                                                                                                                                                                                                      
|-------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2.1            |  | Merger Agreement by and between Zhong Sen International Tea Company, Music of Your Life, Inc., Music of Your Life Merger Sub, Inc. dated May 31, 2013(incorporated by reference to Exhibit 2.1 to Registrant’s Current Report on Form 8-K filed on June 5, 2013).
|3.1            |  | Amended and Restated Articles of Incorporation dated July 21, 2016.                                                                                                                                                                                              
|14.1           |  | Code of Ethics for the Registrant                                                                                                                                                                                                                                
|21.1           |  | Subsidiaries of the Registrant                                                                                                                                                                                                                                   
|31.1           |  | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Marc Angell.                                                                                                                                                                         
|32             |  | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Marc Angell.                                                                                                                                                                         

















































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SIGNATURES



In accordance with Section
13 or 15(d) of the Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.



|                          |                                                                           | MUSIC OF YOUR LIFE, INC.
|------------------------- | ------------------------------------------------------------------------- | ------------------------
|                          |                                                                           |                         
|                          |                                                                           |                         
|                          | /s/ Marc Angell                                                          
|Dated: September 13, 2017 | By: Marc Angell, Chief Executive Officer, and Principal Financial Officer



In
accordance with the Exchange Act, this Report has been signed below by the following persons on behalf of the Company and in the
capacities and on the dates indicated.



|/s/ Marc Angell |  | Chief Executive Officer | September 13, 2017
|--------------- |  | ----------------------- | ------------------
|Marc Angell     |  |                        





|//s/ Marc Angell |  | Director | September 13, 2017
|---------------- |  | -------- | ------------------
|Marc Angell      |  |         

















































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