General form of registration statement for all companies including face-amount certificate companies

Contingent Liability

v3.19.1
Contingent Liability
6 Months Ended
Nov. 30, 2018
Loss Contingency [Abstract]  
Contingencies Disclosure [Text Block]

Note 14 – Contingent Liability


The terms of the Company’s acquisition of Alternative Solutions, LLC include a payment of $1,000,000 contingent upon the Oasis LLCs achieving certain revenue targets. (see note 3). The fair value of this contingent consideration at the time of the Acquisition Agreement was $678,111 as determined by the Company’s outside valuation consultants. Management has reviewed the value of the contingent consideration, and has concluded that no adjustment is necessary at November 30, 2018,