Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Details)

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BUSINESS COMBINATIONS (Details)
£ in Millions
Jul. 17, 2020
USD ($)
Nov. 30, 2020
USD ($)
Nov. 30, 2020
GBP (£)
BUSINESS COMBINATIONS      
Voting interest acquired (in percent) 97.80%    
Purchase consideration   $ 4,700,000 £ 3.6
Less: Acquired liabilities      
Difference between the purchase consideration and the total of net assets acquired $ 25,190,856    
Entrepreneur Resorts      
BUSINESS COMBINATIONS      
Voting interest acquired (in percent) 97.80%    
Purchase consideration $ 30,997,810    
Consideration made up of shares 30,997,810    
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition      
Cash and cash equivalents 1,376,396    
Accounts receivable, net 196,434    
Due from related parties 3,171    
Inventories 157,927    
Prepaid expenses and other current assets 613,164    
Property and equipment, net 6,865,544    
Operating lease right-of-use asset 1,740,083    
Other intangible assets 67,849    
Goodwill 1,209,953    
Total acquired assets 12,230,521    
Less: Acquired liabilities      
Accounts payable 56,490    
Accrued expenses and other current liabilities 1,013,665    
Deferred revenue 564,215    
Operating lease liabilities - current portion 519,740    
Deferred tax liability 607,270    
Operating lease liabilities - non-current portion 1,311,110    
Loans payable - non-current portion 1,000,000    
Convertible debt obligations 1,220,450    
Total acquired liabilities 6,292,940    
Net assets 5,937,581    
Net assets acquired - 97.8% controlling interest $ 5,806,954