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SUBSEQUENT EVENTS
9 Months Ended
Feb. 29, 2016
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

G. SUBSEQUENT EVENTS

 

The Company has evaluated all events and transactions that occurred after the balance sheet and through the date that the financial statements were issued.

 

On March 25, 2016, the Company’s wholly-owned subsidiary in Italy renewed its Distributorship Agreement with Mentor allowing us to market and support the CADRA technology as a reseller throughout Europe (except Germany) through March 24, 2017 on a non-exclusive basis.

 

On April 11, 2016 the Short Term Note by and among SofTech, Inc., EssigPR and Joe Daly was extended for an additional three months to July 10, 2016.