Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Acquisition of Cmp Wellness, Llc: Schedule of Assessment of Contingent Consideration (Tables)

v3.7.0.1
Note 2 - Acquisition of Cmp Wellness, Llc: Schedule of Assessment of Contingent Consideration (Tables)
9 Months Ended
May 31, 2017
Tables/Schedules  
Schedule of Assessment of Contingent Consideration

 

May 1, 2017

Measurement Period

May 31, 2017

(As initially reported)

Adjustments (1)

(As adjusted)

Accounts receivable

   $              735,513 

   $                           -

   $              735,513 

Inventory

                    655,970 

                                -

                    655,970 

Prepaid expenses

                    206,874 

                                -

                    206,874 

Fixed assets

                        1,737 

                                -

                        1,737 

Deposits

                        6,261 

                                -

                        6,261 

Accounts payable and accrued liabilities

                  (105,124)

                                -

                  (105,124)

Total identifiable net assets

                1,501,231 

                                -

                1,501,231 

Goodwill

              32,658,120 

                                -

              32,658,120 

Total fair value of consideration

   $         34,159,351 

   $                           -

   $         34,159,351