Acquisitions - Schedule of Purchase Price Consideration (Details) |
12 Months Ended |
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May 31, 2021
USD ($)
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Business Combination and Asset Acquisition [Abstract] | |
Cash consideration | $ 1,994,000 |
Notes payable | 6,706,439 |
Consulting service contract liability | 848,010 |
Non-compete payable | 481,211 |
Assumption of seller debt | 200,000 |
Assumed long term liabilities | 1,394,533 |
Rollover equity | 613,693 |
Total purchase price consideration | $ 12,237,886 |
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- Definition Business Combination, Assumpyion of Seller Debt. No definition available.
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- Definition Business Combination, Assumed Long Term Liabilities. No definition available.
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- Definition Business Combination, Notes Payable. No definition available.
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- Definition Business Combination, Consulting Service Contract Liability. No definition available.
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- Definition Business Combination, Non-compete Payable. No definition available.
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- Definition Business Combination, Rollover Equity. No definition available.
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- References No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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