Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Acquisition of Alternative Solutions, LLC (Tables)

v3.19.1
Note 3 - Acquisition of Alternative Solutions, LLC (Tables)
9 Months Ended
Feb. 28, 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]
These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined.

   

Three months ended February 28,

 
   

2019

   

2018

 
   

(unaudited)

   

(unaudited)

 

Revenues

  $ 2,372,790     $ 1,827,999  

Net loss

  $ (12,850,356

)

  $ (10,839,019

)

Basic net loss per share

  $ (0.10

)

  $ (0.17

)

Diluted net loss per share

  $ (0.10

)

  $ (0.17

)

Weighted average shares - basic

    124,346,650       62,460,767  

Weighted average shares - diluted

    124,346,650       62,460,767  
   

Nine months ended February 28,

 
   

2019

   

2018

 
   

(unaudited)

   

(unaudited)

 

Revenues

  $ 6,299,932     $ 5,139,455  

Net loss

  $ (24,402,155

)

  $ (14,632,294

)

Basic net loss per share

  $ (0.26

)

  $ (0.25

)

Diluted net loss per share

  $ (0.26

)

  $ (0.25

)

Weighted average shares - basic

    95,132,835       58,988,122  

Weighted average shares - diluted

    95,132,835       58,988,122