| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
Intangible assets consisted of the following at November 30, 2019 and May 31, 2019:
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
November 30, 2019
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(45,277 |
)
|
|
$ |
274,323 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(70,125 |
)
|
|
|
919,875 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(42,642 |
)
|
|
|
258,358 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(14,622 |
)
|
|
|
12,378 |
|
|
Domain Names
|
|
|
3,963 |
|
|
|
(2,127 |
)
|
|
|
1,836 |
|
|
Total
|
|
$ |
1,641,563 |
|
|
$ |
(174,793 |
)
|
|
$ |
1,466,770 |
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
May 31, 2019
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(29,297 |
)
|
|
$ |
290,303 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(45,375 |
)
|
|
|
944,625 |
|
|
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 |
|
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
Total amortization expense charged to operations for the three months ended November 30, 2019 and 2018 was $28,030 and $31,413, respectively. Total amortization expense charged to operations for the six months ended November 30, 2019 and 2018 was $58,304 and $52,364, respectively.
|
Amount to be amortized during the twelve months ended November 30,
|
|
|
|
|
|
2020
|
|
$ |
164,156 |
|
|
2021
|
|
|
164,156 |
|
|
2022
|
|
|
164,208 |
|
|
2023
|
|
|
164,208 |
|
|
2024
|
|
|
162,786 |
|
|
Thereafter
|
|
|
647,256 |
|
| |
|
$ |
1,466,770 |
|
|