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

Note 6 – Intangible Assets

 

The intangible assets consisted of the following:

 

             
   Estimated Life  November 30, 2024  May 31, 2024
Licensing Rights  3 years  $22,080   $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      (184,013)   (169,920)
Intangible assets, net     $324,907   $309,104 

 

Goodwill arising through the business combination in June 2022 was $2,152,215 at November 30, 2024.

 

Amortization expense amounted to $23,035 and $19,375 for the three months ended November 30, 2024 and 2023, respectively. Amortization expense amounted to $26,037 and $35,522 for the six months ended November 30, 2024 and 2023, respectively.