Acquisition and Disposition (Tables)

3 Months Ended

Jul. 31, 2018

Schedule of Discontinued Operations

The following table sets forth for the year ended April 30, 2018, indicated selected financial data of the Company’s discontinued operations of its memory product business from the date of merger to April 30, 2018.

	April 30, 2018
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		248,684
Loss from discontinued operations		(5,925,640	)
Gain from sale of discontinued operations		94,485
Total loss from discontinued operations	$	(5,831,155	)

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 year ended April 30, 2018, 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	)
Dataram’s accrued expenses to be deducted from the sales proceeds		(174,880	)
Total carrying value of Dataram Memory business on date of sale *		(429,125	)
Net gain from sale of Dataram Memory business	$	94,485

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