| Goodwill and Intangible Assets Disclosure [Text Block] |
Note 10: Intangible Assets
Intangible assets consisted of the following at February 29, 2024 and May 31, 2023:
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February 29, 2024
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|
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|
|
|
|
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Accumulated
|
|
|
|
|
|
|
|
|
|
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Gross
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|
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Amortization
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|
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Impairment
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|
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Net
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|
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License & Customer Relations
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|
$ |
110,000 |
|
|
$ |
(31,167 |
) |
|
|
- |
|
|
$ |
78,833 |
|
|
Tradenames - Trademarks
|
|
|
222,000 |
|
|
|
(125,800 |
) |
|
|
- |
|
|
|
96,200 |
|
|
Domain Names
|
|
|
25,993 |
|
|
|
(15,189 |
) |
|
|
- |
|
|
|
10,804 |
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Total
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|
$ |
357,993 |
|
|
$ |
(172,156 |
) |
|
|
- |
|
|
$ |
185,837 |
|
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May 31, 2023
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|
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Accumulated
|
|
|
|
|
|
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|
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|
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Gross
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Amortization
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|
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Impairment
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|
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Net
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|
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Intellectual Property
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|
$ |
319,600 |
|
|
$ |
(157,137 |
) |
|
$ |
(162,463 |
) |
|
$ |
- |
|
|
License & Customer Relations
|
|
|
990,000 |
|
|
|
(243,375 |
) |
|
|
(663,667 |
) |
|
|
82,958 |
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|
Tradenames - Trademarks
|
|
|
301,000 |
|
|
|
(147,992 |
) |
|
|
(40,158 |
) |
|
|
112,850 |
|
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Non-compete Agreements
|
|
|
27,000 |
|
|
|
(27,000 |
) |
|
|
- |
|
|
|
- |
|
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Domain Names
|
|
|
25,993 |
|
|
|
(12,713 |
) |
|
|
- |
|
|
|
13,280 |
|
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Total
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|
$ |
1,663,593 |
|
|
$ |
(588,217 |
) |
|
$ |
(866,288 |
) |
|
$ |
209,088 |
|
Total amortization expense charged to operations for the three months ended February 29, 2024 and February 28, 2023 was $7,750 and $28,715, respectively. Total amortization expense charged to operations for the nine months ended February 29, 2024 and February 28, 2023 was $15,501 and $58,149, respectively.
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Amount to be amortized during the twelve months ended November 30,
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|
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2024
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|
$ |
31,044 |
|
|
2025
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|
|
31,044 |
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2026
|
|
|
31,044 |
|
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2027
|
|
|
28,472 |
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|
2028
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|
|
12,900 |
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Thereafter
|
|
|
51,333 |
|
| |
|
$ |
185,837 |
|
|