v3.26.1
Note 5 - Intangible Assets
9 Months Ended
Feb. 28, 2026
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

  

February 28,

 
              

2026

 

Cost

 $2,409  $18,432  $16,784  $37,625 

Accumulated amortization

  (161)  (9,113)  (5,008)  (14,282)

Total

 $2,248  $9,319  $11,776  $23,343 

 

As of February 28, 2026, the Company also has the following intangible assets which have been fully impaired; $444,208 of customer relationships and distribution channels, $367,022 of licenses, permits and applications, and $452,530 of intellectual property, trademarks, know-how and brands. 

 

  

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  February 28, 2026 is as follows:

 

  

Amortization

 

2026 (remaining three months)

 $1,810 

2027

  7,240 

2028

  6,074 

2029

  2,580 

2030

  2,580 

Thereafter

  3,059 

Total

 $23,343