v3.20.1
Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
May 31, 2019
Current Assets    
Cash and cash equivalents $ 235,679 $ 1,540,158
Accounts receivable 95,644
Inventory 22,822
Prepaid expenses 10,133
Total Current Assets 364,278 1,540,158
Other Assets    
Goodwill 5,107,141 4,456,250
Intangible assets, net 2,246,223 1,528,441
Deferred brokerage fees 189,682
Property and equipment 252,966 117,231
Right of use asset, operating lease 210,602 100,146
Security deposits 14,885 12,317
Due from related party 12,699
Deferred equity issuance costs 74,198
Total Other Assets 8,108,396 6,214,385
TOTAL ASSETS 8,472,674 7,754,543
Current Liabilities    
Loan payable- related party 93,761
Accounts payable 69,048
Accrued expenses 548,307 691,940
Convertible note payable 1,000,000 1,000,000
Operating lease obligation, current 56,869 32,045
Common stock payable 50,000
Total Current Liabilities 1,724,224 1,817,746
Operating lease obligation, net of current portion 153,732 68,876
Deferred revenues 371,711
Total Liabilities 2,249,667 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 February 29, 2020 and May 31, 2019, respectively 786 700
Additional paid-in capital 11,034,952 9,442,027
Accumulated deficit (4,825,730) (3,574,806)
Total Simplicity Esports and Gaming Company Stockholders' Equity 6,210,008 5,867,921
Non-Controlling Interest 12,999
Total Equity 6,223,007 5,867,921
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,472,674 $ 7,754,543

Source