v3.19.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Feb. 28, 2019
May 31, 2018
Current Assets    
Cash and cash equivalents $ 1,245,666 $ 458,063
Prepaid expenses 54 3,168
Total Current Assets 1,245,720 461,231
Other Assets    
Goodwill 6,070,368
Property and equipment 51,350
Cash held in trust account 52,895,652
Total Other Assets 6,121,718 52,895,652
TOTAL ASSETS 7,367,438 53,356,883
Current Liabilities    
Loan payable- related party 85,238 81,618
Private placement funds received 1,000,003
Accrued expenses 871,315 63,579
Convertible note payable 1,000,000
Deferred legal fees 100,000
Total Current Liabilities 2,956,556 245,197
Deferred underwriting fees 1,820,000
Total Liabilities 2,956,556 2,065,197
Commitments
Common stock subject to possible redemption, $0.0001 par value; -0- and 4,560,757 shares as of February 28, 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; 6,313,038 and 2,252,743 shares issued and outstanding as of February 28, 2019 and May 31, 2018, respectively 632 225
Common stock issuable - 2,030,000 shares at February 28, 2019 203
Additional paid-in capital 7,515,541 5,009,310
Accumulated deficit (3,105,494) (9,534)
Total Stockholders' Equity (Deficit) 4,410,882 5,000,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,367,438 $ 53,356,883

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