Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
3 Months Ended
Aug. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 4 - INTANGIBLE ASSETS

 

The following tables set forth the intangible assets, including accumulated amortization as of August 31, 2019:

 

    August 31, 2019
    Remaining         Accumulated     Net Carrying  
    Useful Life   Cost     Amortization     Value  
Non-Competes   4.25 years   $ 1,023,118     $ 136,416     $ 886,702  
Trademarks   Indefinite     588,000       -       588,000  
Internet domain   2.25 years     3,000       667       2,333  
        $ 1,614,118     $ 137,083     $ 1,477,035  

 

Amortization expense for the three months ended August 31, 2019 and 2018 was $51,406 and $0, respectively.