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ACQUISITIONS AND BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Apr. 30, 2022
Business Acquisition [Line Items]  
SCHEDULE OF PROFORMA FINANCIAL INFORMATION

The following pro forma financial information presents the results of operations of the Company as of the year ended April 30, 2022 and 2021, as if the acquisitions of PlaySight and Gameface had occurred as of the beginning of the first period presented instead of February 2022. The pro forma financial information (in thousands) of the Company as of the years ended April 30, 2022 and 2021 is as follows:

 

   Reported   Proforma   Reported   Proforma 
   For the For the Years Ended April 30, 
   2022   2021 
   Reported   Proforma   Reported   Proforma 
Revenues  $16,831   $21,236   $10,804   $16,424 
Loss from operations   (51,928)   (57,372)   (3,933)   (11,350)
Net loss  $(51,774)  $(48,011)  $(18,595)  $(31,333)
                     
Basic and diluted earnings (loss) per share  $(13.44)  $(12.46)  $(6.96)  $(11.73)
Foundation Sports [Member]  
Business Acquisition [Line Items]  
SCHEDULE OF ASSETS ACQUIRED AND LIABILITY ASSUMED

 

Consideration transferred:    
Equity consideration  $3,550,000 
Total Purchase Price  $3,550,000 

 

Description  Fair Value 
Assets acquired:     
Trade name  $70,000 
Internally developed software   100,000 
Customer relationships   950,000 
Total assets acquired   1,120,000 
Fair value of net assets acquired  $1,120,000 
      
Goodwill  $2,430,000 
Gameface Ltd [Member]  
Business Acquisition [Line Items]  
SCHEDULE OF ASSETS ACQUIRED AND LIABILITY ASSUMED

 

Consideration transferred:    
Contingent consideration  $1,334,000 
Seller note payable   500,000 
Seller’s liability assumed   9,700,000 
Total Purchase Price  $11,534,000 

 

Description  Fair Value 
Assets acquired:     
Cash and cash equivalents  $125,659 
Prepaid expenses and other receivables   38,972 
Property, plant and equipment   39,888 
Other non-current assets   81,921 
Intangible asset - Tradename   270,000 
Intangible asset - Internally developed software   580,000 
Intangible asset - Customer relationships   3,930,000 
Total assets acquired  $5,066,440 
      
Liabilities assumed:     
Accounts payable  $88,712 
Contract liabilities   50,728 
Provisions   90,388 
Other liabilities   83,805 
Total liabilities assumed   313,633 
Fair value of net assets acquired  $4,752,807 
      
Goodwill  $6,781,193 
Play Sight Interactive Ltd [Member]  
Business Acquisition [Line Items]  
SCHEDULE OF ASSETS ACQUIRED AND LIABILITY ASSUMED

 

Consideration transferred:    
Contingent consideration  $4,847,000 
Seller’s note   2,200,000 
Equity consideration   37,750,000 
Total  $44,797,000 

 

Description  Fair Value 
Assets acquired:     
Cash and cash equivalents  $351,000 
Restricted cash   155,000 
Accounts receivable, net   347,000 
Prepaid expenses and other current assets   294,000 
Inventories, net   521,000 
Contract assets   277,000 
Fixed assets, net   129,000 
Operating lease right-of-use asset   262,000 
Contract assets, net of current portion   219,000 
Finished products used in operations, net   4,749,000 
Intangible asset - Tradename   1,700,000 
Intangible asset - Internally developed software   2,430,000 
Intangible asset - Customer relationships   15,590,000 
Total assets acquired  $27,024,000 
      
Liabilities assumed:     
Accounts payable  $1,126,000 
Accrued expenses   1,800,000 
Contract liabilities   2,534,000 
Operating lease liability, current portion   257,000 
Contract liabilities, net of current portion   1,311,000 
Notes payable, net   1,061,000 
Total liabilities assumed   8,089,000 
Fair value of net assets acquired  $18,935,000 
      
Goodwill  $25,862,000