| Intangible Assets Disclosure [Text Block] |
Note 8: Intangible Assets
Intangible assets consisted of the following at August 31, 2024 and May 31, 2024:
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|
August 31, 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 |
|
|
$ |
(110.000 |
) |
|
|
- |
|
|
|
- |
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Tradenames - Trademarks
|
|
|
222,000 |
|
|
|
(222,000 |
) |
|
|
- |
|
|
|
- |
|
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Domain Names
|
|
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25,993 |
|
|
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(16,841 |
) |
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|
- |
|
|
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9,152 |
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Total
|
|
$ |
357,993 |
|
|
$ |
(348,841 |
) |
|
|
- |
|
|
$ |
9,152 |
|
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|
May 31, 2024
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|
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|
|
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Accumulated
|
|
|
|
|
|
|
|
|
|
| |
|
Gross
|
|
|
Amortization
|
|
|
Impairment
|
|
|
Net
|
|
|
License & Customer Relations
|
|
|
110,000 |
|
|
|
(110,000 |
) |
|
|
- |
|
|
|
- |
|
|
Tradenames - Trademarks
|
|
|
222,000 |
|
|
|
(222,000 |
) |
|
|
- |
|
|
|
- |
|
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Domain Names
|
|
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25,993 |
|
|
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(16,015 |
) |
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|
- |
|
|
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9,978 |
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Total
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|
$ |
357,993 |
|
|
$ |
(348,015 |
) |
|
$ |
- |
|
|
$ |
9,978 |
|
Total amortization expense charged to operations for the three months ended August 31, 2024 and 2023 was $826 and $7,751, respectively.
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Remaining amortization expense for intangible assets as of August 31, 2024 is as follows
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2025
|
|
$ |
2,478 |
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2026
|
|
|
3,304 |
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2027
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|
3,304 |
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|
2028
|
|
|
66 |
|
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|
$ |
9,152 |
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|