Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Acquisition of Alternative Solutions (Tables)

v3.19.3
Note 3 - Acquisition of Alternative Solutions (Tables)
3 Months Ended
Aug. 31, 2019
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The acquisition date estimated fair value of the consideration transferred totaled $27,975,650, which consisted of the following:

Initial purchase price

  $ 2,050,000  

Cash paid in connection with transaction

    5,995,543  

Note payable

    3,810,820  

Contingent consideration

    678,111  

Common stock

    15,441,176  

Total purchase price

  $ 27,975,650  
         

Net tangible assets

  $ 595,151  

Intangible assets

    1,637,600  

Goodwill

    25,742,899  

Total purchase price

  $ 27,975,650  
Business Acquisition, Pro Forma Information [Table Text Block]
The following table sets forth the unaudited pro forma results of the Company as if the acquisition of the Oasis LLCs was effective on June 1, 2018.

   

Three Months Ended August 31, 2018

 
   

(unaudited)

 

Revenues

  $ 1,665,744  

Net loss

  $ (12,016,196

)

Basic net loss per share

  $ (0.18

)

Diluted net loss per share

  $ (0.18

)

Weighted average shares - basic

    67,913,333  

Weighted average shares - diluted

    67,913,333