| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 10 – Intangible Assets
Intangible assets consisted of the following at August 31, 2018 and May 31, 2018.
| August 31, 2018 |
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(5,327 |
)
|
|
$ |
314,273 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(8,250 |
)
|
|
|
981,750 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(5,017 |
)
|
|
|
295,983 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(2,250 |
)
|
|
|
24,750 |
|
|
Domain Names
|
|
|
4,482 |
|
|
|
(1,913 |
)
|
|
|
2,569 |
|
|
Total
|
|
$ |
1,642,082 |
|
|
$ |
(22,757 |
)
|
|
$ |
1,619,325 |
|
| May 31, 2018 |
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
License & Customer Relations
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Domain name
|
|
|
1,726 |
|
|
|
(828 |
)
|
|
|
898 |
|
|
Non-compete Agreements
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Goodwill
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total
|
|
$ |
1,726 |
|
|
$ |
(828 |
)
|
|
$ |
898 |
|
Total amortization expense charged to operations for the three months ended August 31, 2018 and 2017 was $20,952 and $108, respectively.
|
Amount to be amortized during the twelve months ended August 31,
|
|
|
|
|
|
2019
|
|
$ |
126,973 |
|
|
2020
|
|
|
123,466 |
|
|
2021
|
|
|
111,560 |
|
|
2022
|
|
|
111,560 |
|
|
2023
|
|
|
111,560 |
|
|
Thereafter
|
|
|
1,034,206 |
|
| |
|
$ |
1,619,325 |
|
|