| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
Intangible assets consisted of the following at August 31, 2020 and May 31, 2020:
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
August 31, 2020
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(69,247 |
)
|
|
$ |
250,353 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(107,250 |
)
|
|
|
882,750 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(65,217 |
)
|
|
|
235,783 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(27,000 |
)
|
|
|
- |
|
|
Domain Names
|
|
|
25,993 |
|
|
|
(3,543 |
)
|
|
|
22,450 |
|
|
Total
|
|
$ |
1,663,593 |
|
|
$ |
(272,257 |
)
|
|
$ |
1,391,336 |
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
May 31, 2020
|
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(61,257 |
)
|
|
$ |
258,343 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(94,875 |
)
|
|
|
895,125 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(57,692 |
)
|
|
|
243,308 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(25,882 |
)
|
|
|
1,118 |
|
|
Domain names
|
|
|
25,993 |
|
|
|
(2,683 |
)
|
|
|
23,310 |
|
|
Total
|
|
$ |
1,663,593 |
|
|
$ |
(242,389 |
)
|
|
$ |
1,421,204 |
|
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
Total amortization expense charged to operations for the three months ended August 31, 2020 and 2019 was $29,868 and $32,113, respectively.
| Amount to be amortized during the twelve months ended August 31, |
|
|
|
|
|
2021
|
|
$
|
111,989
|
|
|
2022
|
|
|
111,989
|
|
|
2023
|
|
|
111,989
|
|
|
2024
|
|
|
111,989
|
|
|
2025
|
|
|
111,989
|
|
|
Thereafter
|
|
|
831,391
|
|
|
|
|
$
|
1,391,336
|
|
|