Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.7.0.1
Acquisition (Tables)
3 Months Ended
Jul. 31, 2017
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed

The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:

 

Current assets (including cash of $255,555)   $ 3,063,059  
Other assets     45,984  
Goodwill     6,094,760  
         
Liabilities assumed (including a note payable – credit line of $1,096,504)     (3,541,868 )
Net purchase price   $ 5,661,935