Note 4 – Intangible Assets

The Company capitalizes costs related to developed software, including its website and API, in accordance with ASC 350-40, Internal-Use Software. Capitalization commences when the preliminary project stage is complete and management authorizes the project. These costs are amortized on a straight-line basis over an estimated useful life of five years.

Intangible assets amounts are as follows:

Intangible assets include the website and API software developed with assistance from third parties. The website was put into operation on April 20, 2025, at a total capitalized cost of $19,300. The API was initially developed and put into operation on July 24, 2025, and subsequently expanded to incorporate the AI Business Name Generator functionality, which was completed and put into operation on January 15, 2026, bringing the total capitalized cost of the API to $53,160. The API underwent further improvements, raising its total capitalized cost to $55,460.

As of April 30, 2026, we've capitalized $74,760. These costs are being amortized over a five-year period, resulting in an expected amortization expense of $1,246 per month. We have $9,270 amortization charges for the year ended April 30, 2026.

The estimated aggregate amortization expense for each of the five succeeding fiscal years as of April 30, 2026 is as follows: