v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Cash flows from operating activities:    
Net loss $ (283,393) $ (4,311)
Adjustments to reconcile net (loss) income to net cash (used in) operating activities:    
Interest earned on marketable securities held in trust account (242,350)
Accrued expense to related party 3,620
Depreciation expense 8,651
Amortization expense 51,406
Debt forgiveness income (85,238)
Issuance of shares for services 27,000
Changes in operating assets and liabilities:    
Accounts receivable (57,074)
Prepaid expenses 3,087
Security deposits (2,568)
Accounts payable 6,004
Accrued expenses (223,603) 119,228
Due from related party (14,108)
Net cash used in operating activities (572,923) (120,726)
Cash flows from investing activities:    
Investment of cash in Trust Account (271,610)
Interest income released from Trust Account 290,101
Cash purchased in acquisition 26,180
Lease liability net of lease asset (776)
Purchase of property and equipment (96,506)
Net cash (used in) provided by investing activities (71,102) 18,491
Cash flows from financing activities:    
Private placement funds received 50,000
Net cash provided provided by financing activities 50,000
Net change in cash (594,025) (102,235)
Cash - beginning of period 1,540,158 458,063
Cash - end of period 946,133 355,828
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest
Cash paid for income taxes
Supplemental Non-Cash Investing and Financing Information    
Change in value of common stock subject to possible redemption 4,311
Common stock issued for consideration in an acquisition $ 1,440,000

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