Acquisition and Disposition (Tables)

6 Months Ended

Oct. 31, 2017

Schedule of Liabilities of Discontinued Operation

The carrying amounts of the major classes of these liabilities as of October 31, 2017 are summarized as follows:

	October 31, 2017
Assets:
Escrow receivable	$	372,086
Assets of discontinued operations	$	372,086
Liabilities:
Distribution payable	$	254,744
Liabilities of discontinued operations	$	254,744

Schedule of Discontinued Operation

The following table sets forth for the six months ended October 31, 2017, indicated selected financial data of the Company’s discontinued operations of its memory product business from the date of merger to October 31, 2017.

	October 31, 2017
Revenues	$	7,885,310
Cost of sales		6,653,363
Gross profit		1,231,947
Operating and other non-operating expenses (including impairment charge of 6,094,760)		(7,406,271	)
Gain from extinguishment of liabilities		245,256
Gain from sale of discontinued operations		102,023
Loss from discontinued operations	$	(5,827,045	)

The following table sets forth for the three months ended October 31, 2017, indicated selected financial data of the Company’s discontinued operations of its memory product business from the date of merger to October 31, 2017.

	October 31, 2017
Revenues	$	3,522,258
Cost of sales		3,239,915
Gross profit		282,343
Operating and other non-operating expenses		(385,219	)
Gain from extinguishment of liabilities		245,256
Gain from sale of discontinued operations		102,023
Gain from discontinued operations	$	244,403

Gold King [Member]

Schedule of Assets Acquired and Liabilities Assumed

The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:

Current assets (including cash of $255,555)	$	3,063,059
Other assets		45,984
Goodwill		6,094,760
Liabilities assumed (including a note payable – credit line of $1,096,504)		(3,541,868	)
Net purchase price	$	5,661,935

Dataram Memory [Member]

Schedule of Selected Financial Data of the Company's Gain from Sale

The following table sets forth for the three and six months ended October 31, 2017, indicated selected financial data of the Company’s gain from sale of the Dataram Memory business.

Total consideration	$	900,000
Direct legal and sales commission expenses related to the sale		(201,510	)
Estimated Dataram’s accrued expenses to be deducted from the sales proceeds		(167,342	)
Total carrying value of Dataram Memory business on date of sale *		(429,125	)
Net gain from sale of Dataram Memory business	$	102,023

Current assets	$	3,271,426
Other assets		33,320
Current liabilities		(2,866,660	)
Liabilities – long term		(8,961	)
* Total carrying value of Dataram Memory business on date of sale	$	429,125