v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
Nov. 30, 2019
May 31, 2019
Current Assets    
Cash and cash equivalents $ 647,460 $ 1,540,158
Accounts receivable 67,971
Inventory 18,984
Prepaid expenses 5,671  
Total Current Assets 740,086 1,540,158
Other Assets    
Goodwill 6,682,416 4,456,250
Intangible assets, net 1,425,629 1,528,441
Deferred brokerage fees 800,919
Property and equipment 261,905 117,231
Right of use asset, operating lease 225,322 100,146
Security deposits 14,885 12,317
Due from related party 13,342
Total Other Assets 9,424,419 6,214,385
TOTAL ASSETS 10,164,505 7,754,543
Current Liabilities    
Loan payable- related party 93,761
Accounts payable 17,232
Accrued expenses 602,839 691,940
Convertible note payable 1,000,000 1,000,000
Operating lease obligation, current 76,559 32,045
Current portion of deferred revenues 715,350
Stock payable 50,000
Total Current Liabilities 2,461,980 1,817,746
Operating lease obligation, net of current portion 148,762 68,876
Deferred revenues, less current portion 923,712
Total Liabilities 3,534,454 1,886,622
Commitments
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; 7,858,975 and 7,003,975 shares issued and outstanding as of November 30, 2019 and May 31, 2019, respectively 786 700
Additional paid-in capital 11,034,952 9,442,027
Accumulated deficit (4,421,528) (3,574,806)
Total Simplicity Esports and Gaming Company Stockholders' Equity 6,614,210 5,867,921
Non-Controlling Interest 15,841
Total Equity 6,630,051 5,867,921
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,164,505 $ 7,754,543

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