Acquisitions (Tables)

6 Months Ended

Nov. 30, 2020

Business Combinations [Abstract]

Schedule of Business Acquisition

The table below presents a provisional allocation of the gross $315,000 purchase price as of June 26, 2020:

Merchandise	$	27,000
Furniture, Fixtures and Equipment		113,000
Customer Database		35,000
Goodwill		25,000
Restrictive Covenant		115,000
Total value of acquisition	$	315,000

Schedule of Fair Value of Assets Acquired

The following table summarizes the total of the assets acquired during the three months ended November 30, 2020:

Assets acquired:
Furniture, Fixtures and Equipment	$	330,234
Inventory		83,310
Total assets acquired at fair value	$	413,544
Purchase consideration paid:
37,941 shares of common stock	$	413,544
Total purchase consideration paid	$	413,544