Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.24.4
Intangible Assets
6 Months Ended
Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

Note 8: Intangible Assets

 

Intangible assets consisted of the following at November 30, 2024 and May 31, 2024:

 

   

November 30, 2024

 
           

Accumulated

                 
   

Gross

   

Amortization

   

Impairment

   

Net

 

License & Customer Relations

  $ 110,000     $ (110,000 )     -       -  

Tradenames - Trademarks

    222,000       (222,000 )     -       -  

Domain Names

    28,151       (19,824 )     -       8,327  

Total

  $ 357,993     $ (351,824 )     -     $ 8,327  

 

   

May 31, 2024

 
           

Accumulated

                 
   

Gross

   

Amortization

   

Impairment

   

Net

 

License & Customer Relations

    110,000       (110,000 )     -       -  

Tradenames - Trademarks

    222,000       (222,000 )     -       -  

Domain Names

    25,993       (16,015 )     -       9,978  

Total

  $ 357,993     $ (348,015 )   $ -     $ 9,978  

 

Total amortization expense charged to operations for the three months ended November 30, 2024 and 2023 was $825 and $7,750, respectively. Total amortization expense charged to operations for the six months ended November 30, 2024 and 2023 was $1,651 and $15,501, respectively.

 

Remaining amortization expense for intangible assets as of November 30, 2024 is as follows:

2025

  $ 2,478  

2026

    3,304  

2027

    2,545  
    $ 8,327