| 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 |
|
|