| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 10 – Intangible Assets
Intangible assets consisted of the following at November 30, 2018 and May 31, 2018.
|
November 30, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
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Accumulated
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|
|
|
|
|
| |
|
Gross
|
|
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Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(13,317 |
)
|
|
$ |
306,283 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(20,624 |
)
|
|
|
969,376 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(12,542 |
)
|
|
|
288,458 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(5,626 |
)
|
|
|
21,374 |
|
|
Domain Names
|
|
|
4,482 |
|
|
|
(2,060 |
)
|
|
|
2,422 |
|
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Total
|
|
$ |
1,642,082 |
|
|
$ |
(54,169 |
)
|
|
$ |
1,587,913 |
|
|
May 31, 2018
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|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
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Accumulated
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
License & Customer Relations
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Tradenames - Trademarks
|
|
|
- |
|
|
|
- |
)
|
|
|
- |
|
|
Non-compete Agreements
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Domain names
|
|
|
1,726 |
|
|
|
(828 |
)
|
|
|
898 |
|
|
Total
|
|
$ |
1,726 |
|
|
$ |
(828 |
)
|
|
$ |
898 |
|
Total amortization expense charged to operations for the three months ended November 30, 2018 and 2017 was $31,413 and $108, respectively. Total amortization expense charged to operations for the six months ended November 30, 2018 and 2017 was $52,364 and $216, respectively.
|
Amount to be amortized during the twelve months ended November 30,
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|
|
|
|
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2019
|
|
$ |
127,120 |
|
|
2020
|
|
|
119,796 |
|
|
2021
|
|
|
111,560 |
|
|
2022
|
|
|
111,560 |
|
|
2023
|
|
|
111,560 |
|
|
Thereafter
|
|
|
1,006,317 |
|
| |
|
$ |
1,587,913 |
|
|