Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.2.2
Intangible Assets (Tables)
3 Months Ended
Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following at August 31, 2022 and May 31, 2022:

 

   

August 31, 2022

 
   

Gross

   

Accumulated

Amortization

   

Net

 

Intellectual Property

  $ 319,600     $ (133,167

)

  $ 186,433  

License & Customer Relations

    990,000       (206,250

)

    783,750  

Tradenames - Trademarks

    301,000       (125,417

)

    178,583  

Non-Compete Agreements

    27,000       (27,000

)

    -  

Domain Names

    25,993       (10,219

)

    15,774  

Total

  $ 1,663,593     $ (502,053

)

  $ 1,161,540  

 

   

May 31, 2022

 
           

Accumulated

         
   

Gross

   

Amortization

   

Net

 

Intellectual Property

  $ 319,600     $ (125,177

)

  $ 194,423  

License & Customer Relations

    990,000       (193,875

)

    796,125  

Tradenames - Trademarks

    301,000       (117,892

)

    183,108  

Non-compete Agreements

    27,000       (27,000

)

    -  

Domain Names

    25,993       (9,364

)

    16,629  

Total

  $ 1,663,593     $ (473,308

)

  $ 1,190,285  

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Amount to be amortized during the twelve months ended August 31,        

2023

  $ 114,896  

2024

    114,896  

2025

    114,896  

2026

    114,896  

2027

    113,990  

Thereafter

    587,966  
    $ 1,161,540