| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 11 – Intangible Assets
Intangible assets consisted of the following at February 29, 2020 and May 31, 2019:
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
February 29, 2020
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(53,267 |
)
|
|
$ |
266,333 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(82,500 |
)
|
|
|
907,500 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(50,167 |
)
|
|
|
250,833 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(14,622 |
)
|
|
|
12,378 |
|
|
Domain Names
|
|
|
3,963 |
|
|
|
(3,254 |
)
|
|
|
709 |
|
|
Total
|
|
$ |
1,641,563 |
|
|
$ |
(203,810 |
)
|
|
$ |
1,437,753 |
|
| |
|
|
|
|
|
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 |
|
Total amortization expense charged to operations for the three months ended February 29, 2020 and February 28, 2019 was $28,030 and $31,403, respectively. Total amortization expense charged to operations for the nine months ended February 29, 2020 and February 28, 2019 was $86,334 and $83,796, respectively.
|
Amount to be amortized during the twelve months ended February 28,
|
|
|
|
|
|
2021
|
|
$ |
164,156 |
|
|
2022
|
|
|
164,073 |
|
|
2023
|
|
|
163,760 |
|
|
2024
|
|
|
163,760 |
|
|
2025
|
|
|
162,638 |
|
|
Thereafter
|
|
|
619,366 |
|
| |
|
$ |
1,437,753 |
|
|