v3.19.2
Consolidated Balance Sheets - USD ($)
May 31, 2019
May 31, 2018
Current Assets    
Cash and cash equivalents $ 1,540,158 $ 458,063
Prepaid expenses 3,168
Total Current Assets 1,540,158 461,231
Other Assets    
Goodwill 4,456,250
Intangible assets, net 1,528,441
Property and equipment 117,231
Right of use asset, operating lease 100,146
Security deposit 12,317
Cash held in trust account 52,895,652
Total Other Assets 6,214,385 52,895,652
TOTAL ASSETS 7,754,543 53,356,883
Current Liabilities    
Loan payable- related party 93,761 81,618
Accrued expenses 691,940 63,579
Convertible note payable 1,000,000
Operating lease obligation, current 32,045
Deferred legal fees 100,000
Total Current Liabilities 1,817,746 245,197
Operating lease obligation, net of current portion 68,876
Deferred underwriting fees 1,820,000
Total Liabilities 1,886,622 2,065,197
Commitments
Common stock subject to possible redemption, $0.0001 par value; -0- and 4,560,757 shares as of May 31, 2019 and May 31, 2018, respectively at redemption value 46,291,685
Stockholders' Equity    
Preferred stock - $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding
Common stock - $0.0001 par value; 20,000,000 shares authorized; 7,003,975 and 2,252,743 shares issued and outstanding as of May 31, 2019 and May 31, 2018, respectively 700 225
Additional paid-in capital 9,442,027 5,009,310
Accumulated deficit (3,574,806) (9,534)
Total Stockholders' Equity 5,867,921 5,000,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,754,543 $ 53,356,883

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