Acquisition - Summary of Fair Value of Consideration for the Acquisition (Detail) |
9 Months Ended |
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Aug. 31, 2015
USD ($)
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Consideration | |
Cash | $ 212,203 |
Note payable to seller | 1,250,855 |
Asset Purchase Agreement [Member] | |
Consideration | |
Cash | 375,374 |
Assumed liabilities of seller | 1,073,898 |
Note payable to seller | 1,300,000 |
Prepaid expense paid to seller by purchaser | 104,000 |
Consideration | $ 2,853,272 |
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- Definition Business combination, recognized identifiable assets acquired and liabilities assumed, current assets, prepaid expenses paid No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of liabilities assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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