| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 11 – Intangible Assets
Intangible assets consisted of the following at August 31, 2019 and May 31, 2019:
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
August 31, 2019
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(37,287 |
)
|
|
$ |
282,313 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(57,750 |
)
|
|
|
932,250 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(35,117 |
)
|
|
|
265,883 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(15,754 |
)
|
|
|
11,246 |
|
|
Domain Names
|
|
|
3,963 |
|
|
|
(2,681 |
)
|
|
|
1,282 |
|
|
Total
|
|
$ |
1,641,563 |
|
|
$ |
(148,589 |
)
|
|
$ |
1,492,974 |
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
May 31, 2019
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(29,297 |
)
|
|
$ |
290,303 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(45,375 |
)
|
|
|
944,624 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(27,592 |
)
|
|
|
273,408 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(12,378 |
)
|
|
|
14,622 |
|
|
Domain names
|
|
|
3,963 |
|
|
|
(1,834 |
)
|
|
|
2,129 |
|
|
Total
|
|
$ |
1,641,563 |
|
|
$ |
(116,476 |
)
|
|
$ |
1,525,087 |
|
Total amortization expense charged to operations for the three months ended August 31, 2019 and 2018 was $32,113 and $20,952, respectively.
|
Amount to be amortized during the twelve months ended August 31,
|
|
|
|
|
|
2020
|
|
$ |
164,156 |
|
|
2021
|
|
|
164,156 |
|
|
2022
|
|
|
164,156 |
|
|
2023
|
|
|
163,854 |
|
|
2024
|
|
|
161,506 |
|
|
Thereafter
|
|
|
675,146 |
|
| |
|
$ |
1,492,974 |
|
|