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Intangible Assets
 6 Months Ended
Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

 

The Company acquired intangible assets through the Business Combination. (See Note 13). These intangible assets consisted of the following:

            
   Estimated Life  November 30,
2023		   May 31,
2023		 
Licensing rights  3 years  $11,945   $11,945 
Customer Relationships  3 years   70,000    70,000 
Trade Names  10 years   275,000    275,000 
Website  5 years   100,000    100,000 
Less: Accumulated Amortization      (113,021)   (74,271)
Total Intangible Assets, net     $343,924   $382,674 

 

Goodwill arising through the business combination was $2,152,215 at November 30, 2023 (see Note 13).

 

Amortization expense amounted to $19,375 and $19,376 for the three months ended November 30, 2023 and 2022, respectively. Amortization expense amounted to $38,750 and $35,522 for the six months ended November 30, 2023 and 2022, respectively.