v2.4.1.9
ACQUISITIONS (Tables)
6 Months Ended
Nov. 30, 2015
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following unaudited pro forma consolidated results of operations have been prepared, expressed in rounded thousands, as if the acquisition of CSI, Initio, Poolia UK, PS and Lighthouse had occurred as of June 1, 2015 and 2014: 
 
 
 
For the Six Months Ended
November 30,
 
For the Three Months Ended
November 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Revenues
 
$
89,200,501
 
$
88,713,029
 
$
45,705,851
 
$
44,494,373
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss from continuing operations
 
 
(4,748,250)
 
 
(12,533,981)
 
 
(3,179,823)
 
 
(8,714,329)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per share from continuing operations
 
 
(1.02)
 
 
(3.56)
 
 
(0.67)
 
 
(2.44)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common stock shares – Basic and diluted
 
 
4,646,016
 
 
3,518,231
 
 
4,734,999
 
 
3,574,950
 
TRG [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
47,881
 
Intangible assets
 
 
1,054,801
 
Goodwill
 
 
1,412,646
 
Total
 
$
2,515,328
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
5,986
 
Net purchase price
 
$
2,509,342
 
CSI [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
1,475,716
 
Intangible assets
 
 
912,000
 
Goodwill
 
 
1,287,609
 
Total
 
$
3,675,325
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
144,871
 
Net purchase price
 
$
3,530,454
 
Staffing 360 UK [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Total assets
 
$
15,550,449
 
Intangible assets
 
 
10,050,000
 
Goodwill
 
 
2,994,057
 
Total
 
$
28,594,506
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Total liabilities
 
$
15,254,943
 
Net purchase price
 
$
13,339,563
 
Poolia [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
1,207,897
 
Intangible assets
 
 
465,321
 
Goodwill
 
 
584,701
 
Total
 
$
2,257,919
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
631,653
 
Net purchase price
 
$
1,626,266
 
PS [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
2,878,448
 
Intangible assets
 
 
2,999,100
 
Goodwill
 
 
4,789,880
 
Total
 
$
10,667,428
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
1,707,420
 
 
 
 
 
 
Non-controlling interest
 
 
572,900
 
Net purchase price
 
$
8,387,108
 
Lighthouse Acquisition [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
153,990
 
Intangible assets
 
 
2,269,403
 
Goodwill
 
 
3,864,118
 
Total
 
$
6,287,511
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
153,990
 
Net purchase price
 
$
6,133,521
 
JM Group Acquisition [Member]  
Schedule of Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
ASSETS:
 
 
 
 
Current assets
 
$
5,138,078
 
Intangible assets
 
 
1,142,779
 
Goodwill
 
 
1,945,813
 
Total
 
$
8,226,670
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
Current liabilities
 
$
4,709,452
 
Net purchase price
 
$
3,517,218