| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
Intangible assets consisted of the following at May 31, 2020 and 2019:
| |
|
May 31, 2020
|
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
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 |
|
| |
|
May 31, 2019
|
|
| |
|
|
|
|
|
Accumulated
|
|
|
|
|
|
| |
|
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 |
|
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
Total amortization expense charged to operations for the years ended May 31, 2020 and 2019 was $125,913 and $115,074, respectively.
|
Amount to be amortized during the twelve months ended May 31,
|
|
| |
|
|
|
|
|
2021
|
|
$ |
113,080 |
|
|
2022
|
|
|
111,962 |
|
|
2023
|
|
|
111,962 |
|
|
2024
|
|
|
111,962 |
|
|
2025
|
|
|
111,962 |
|
|
Thereafter
|
|
|
860,276 |
|
| |
|
$ |
1,421,204 |
|
|