| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 10 – Intangible Assets
Intangible assets consisted of the following at February 28, 2023 and May 31, 2022:
| |
|
February 28, 2023
|
|
| |
|
Gross
|
|
|
Accumulated
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(149,147 |
)
|
|
$ |
170,453 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(231,000 |
)
|
|
|
759,000 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(140,467 |
)
|
|
|
106,533 |
|
|
Non-Compete Agreements
|
|
|
27,000 |
|
|
|
(27,000 |
)
|
|
|
- |
|
|
Domain Names
|
|
|
25,993 |
|
|
|
(11,888 |
)
|
|
|
14,105 |
|
|
Total
|
|
$ |
1,663,593 |
|
|
$ |
(559,502 |
)
|
|
$ |
1,104,091 |
|
| |
|
May 31, 2022
|
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Net
|
|
|
Intellectual Property
|
|
$ |
319,600 |
|
|
$ |
(125,177 |
)
|
|
$ |
194,423 |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(193,875 |
)
|
|
|
796,125 |
|
|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(117,892 |
)
|
|
|
183,108 |
|
|
Non-compete Agreements
|
|
|
27,000 |
|
|
|
(27,000 |
)
|
|
|
- |
|
|
Domain Names
|
|
|
25,993 |
|
|
|
(9,364 |
)
|
|
|
16,629 |
|
|
Total
|
|
$ |
1,663,593 |
|
|
$ |
(473,308 |
)
|
|
$ |
1,190,285 |
|
Total amortization expense charged to operations for the three months ended February 28, 2023 and 2022 was $28,734 and $28,023, respectively. Total amortization expense charged to operations for the nine months ended February 28, 2023 and 2022 was $86,194 and $86,172, respectively.
|
Amount to be amortized during the twelve months ended February 28,
|
|
|
|
|
|
2024
|
|
$
|
114,896 |
|
|
2025
|
|
|
114,896 |
|
|
2026
|
|
|
114,896 |
|
|
2027
|
|
|
114,896 |
|
|
2028
|
|
|
112,321 |
|
|
Thereafter
|
|
|
532,186 |
|
|
|
|
$
|
1,104,091 |
|
|