| 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 the first day of each of the three and six months periods presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined.
| |
|
Three months ended November 30,
|
|
| |
|
2018
|
|
|
2017
|
|
| |
|
(unaudited)
|
|
|
(unaudited)
|
|
|
Revenues
|
|
$ |
1,976,910 |
|
|
$ |
1,928,265 |
|
|
Net loss
|
|
$ |
(10,771,264 |
)
|
|
$ |
(10,734,044 |
)
|
|
Basic net income per share
|
|
$ |
(0.12 |
)
|
|
$ |
(0.18 |
)
|
|
Diluted net income per share
|
|
$ |
(0.12 |
)
|
|
$ |
(0.18 |
)
|
|
Weighted average shares - basic
|
|
|
90,338,339 |
|
|
|
58,372,855 |
|
|
Weighted average shares - diluted
|
|
|
90,338,339 |
|
|
|
58,372,855 |
|
| |
|
Six months ended November 30,
|
|
| |
|
2018
|
|
|
2017
|
|
| |
|
(unaudited)
|
|
|
(unaudited)
|
|
|
Revenues
|
|
$ |
3,843,783 |
|
|
$ |
3,311,457 |
|
|
Net loss
|
|
$ |
(19,353,778 |
)
|
|
$ |
(8,453,557 |
)
|
|
Basic net income per share
|
|
$ |
(0.24 |
)
|
|
$ |
(0.25 |
)
|
|
Diluted net income per share
|
|
$ |
(0.24 |
)
|
|
$ |
(0.25 |
)
|
|
Weighted average shares - basic
|
|
|
80,765,385 |
|
|
|
57,280,264 |
|
|
Weighted average shares - diluted
|
|
|
80,765,385 |
|
|
|
57,280,264 |
|
|