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Intangible Assets
 3 Months Ended
Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

 

The intangible assets consisted of the following: 

                   
    Estimated Life   August 31, 2024   May 31, 2024
Licensing Rights   3 years   $ 34,024     $ 34,024  
Customer Relationships   3 years     70,000       70,000  
Trade Names   10 years     275,000       275,000  
Website   5 years     100,000       100,000  
Product Certification Testing   3 years     41,840       -  
Less:Accumulated Amortization         (172,922 )     (169,920 )
Intangible assets, net       $ 347,942     $ 309,104  

 

Goodwill arising through the business combination in June 2022 was $2,152,215 at August 31, 2024.

 

Amortization expense amounted to $3,002 and $19,375 for the three months ended August 31, 2024 and 2023, respectively.