Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.1
Intangible Assets (Tables)
9 Months Ended
Feb. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following at February 28, 2022 and May 31, 2021:

 

   

February 28, 2022

 
   

Gross

   

Accumulated

Amortization

   

Net

 

Intellectual Property

  $ 319,600     $ (117,187

)

  $ 202,413  

License & Customer Relations

    990,000       (181,500

)

    808,500  

Tradenames - Trademarks

    301,000       (110,367

)

    190,633  

Non-Compete Agreements

    27,000       (27,000

)

    -  

Domain Names

    25,993       (8,521

)

    17,472  

Total

  $ 1,663,593     $ (444,575

)

  $ 1,219,018  

 

   

May 31, 2021

 
   

Gross

   

Accumulated

Amortization

   

Net

 

Intellectual Property

  $ 319,600     $ (93,217

)

  $ 226,383  

License & Customer Relations

    990,000       (144,375

)

    845,625  

Tradenames - Trademarks

    301,000       (87,792

)

    213,208  

Non-Compete Agreements

    27,000       (27,000

)

    -  

Domain Names

    25,993       (6,019

)

    19,974  

Total

  $ 1,663,593     $ (358,403

)

  $ 1,305,190  

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Amount to be amortized during the twelve months ended February 28,

       

2023

  $ 111,989  

2024

    111,989  

2025

    111,989  

2026

    111,989  

2027

    111,989  

Thereafter

    659,073  
    $ 1,219,018