| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 11 – Intangible Assets
Intangible assets consisted of the following at February 28, 2019 and May 31, 2018.
|
February 28, 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(15,981 |
)
|
|
$ |
303,619 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(24,750 |
)
|
|
|
965,250 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(15,051 |
)
|
|
|
285,949 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(6,750 |
)
|
|
|
20,250 |
|
|
Domain Names
|
|
|
2,600 |
|
|
|
(324 |
)
|
|
|
2,276 |
|
|
Total
|
|
$ |
1,640,020 |
|
|
$ |
(62,856 |
)
|
|
$ |
1,577,344 |
|
|
May 31, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
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 February 28, 2019 and 2018 was $20,952 and $108, respectively. Total amortization expense charged to operations for the nine months ended February 28, 2019 and 2018 was $62,856 and $324, respectively.
|
Amount to be amortized during the twelve months ended February 28,
|
|
|
|
|
|
2019
|
|
$ |
27,379 |
|
|
2020
|
|
|
164,103 |
|
|
2021
|
|
|
164,103 |
|
|
2022
|
|
|
164,103 |
|
|
2023
|
|
|
164,103 |
|
|
Thereafter
|
|
|
893,553 |
|
| |
|
$ |
1,577,344 |
|
|