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Note 5 - Intangible Assets
 3 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 5. Intangible Assets

 

Intangible assets consisted of the following items:

 

  

Customer relationships & distribution channel

  

Licenses, permits & applications

  

Intellectual property, trademarks, knowhow & brands

  

August 31,

 
              

2025

 

Cost

 $2,409  $15,047  $16,381  $33,837 

Costs of impaired assets

  444,208   367,022   452,530   1,263,760 

Gross carrying amounts

  446,617   382,069   468,911   1,297,597 

Accumulated amortization

  (41)  (5,544)  (3,079)  (8,664)

Accumulated impairment losses

  (444,208)  (367,022)  (452,530)  (1,263,760)

Total

 $2,368  $9,503  $13,302  $25,173 

 

   

Customer relationships & distribution channel

    

Licenses, permits & applications

    

Non-compete agreements

    

Intellectual property, trademarks, knowhow & brands

    

May 31,

  
                                   

2025

  

Cost

   $ 610,240     $ 387,238     $ 12,449     $ 618,514     $ 1,628,441  

Accumulated amortization

     (166,032 )     (9,693 )     (12,449 )     (155,084 )     (343,258 )

Accumulated impairment losses

     (444,208 )     (367,022 )     —       (452,530 )     (1,263,760 )

Total

   $ —     $ 10,523     $ —     $ 10,900     $ 21,423  

 

Licenses, permits & applications are predominantly comprised of multi-period sponsorship rights.

 

Expected future amortization expense for intangible assets as of  August 31, 2025 is as follows:

 

   

Amortization

  

2026 (remaining nine months)

   $ 5,737  

2027

     7,649  

2028

     4,085  

2029

     2,897  

2030

     2,897  

Thereafter

     1,908  

Total

   $ 25,173