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Acquisition (Tables)

9 Months Ended

Aug. 31, 2019

Business Combinations [Abstract]

Summary of Fair Value of Consideration

The following summarizes the fair value of the consideration of the Acquisition:

Consideration
Cash		$	10,500,000
Cryo-Cell common stock			3,500,000
Cord blood inventory earnout			4,698,255
Consideration		$	18,698,255

Summary of Preliminary Allocation of Total Purchase Price

The following summarizes the preliminary allocation of the total purchase price for the Acquisition:

Accounts receivable		$	188,019
Inventory			16,037,957
Prepaid expenses			68,867
Property and equipment			568,407
Other asset - Tiahne capital stock			308,000
Brand			31,000
Customer relationships			960,000
Total identifiable net assets acquired			18,162,250
Less: Deferred revenue			(1,405,406	)
Goodwill			1,941,411
Total		$	18,698,255

Schedule of Unaudited Pro Forma Results

The following table provides the Company’s consolidated unaudited pro forma revenues, net income per basic and diluted common share had the results of the acquired businesses’ operations been included in its operations commencing on December 1, 2016, based on available information related to the respective operations. This proforma information presented is not necessarily indicative either of the combined results of operations that actually would have been realized by the Company had the acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results, and does not account for any operation improvements to be made by the Company post-acquisition.

						Three months ended  August 31, 2018								Nine months ended  August 31, 2018
Revenue						$	7,871,222							$	22,794,591
Net income (loss)						$	244,984							($	3,797,189	)
Earnings (loss) per share:
Basic						$	0.03							($	0.52	)
Diluted						$	0.03							($	0.52	)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
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