v3.26.3
Note 5 - Intangible Assets
 3 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Intangible Asset [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

  August 31, 2026 

Cost

 $7,091  $27,636  $25,219  $59,946 

Accumulated amortization

  (383)  (7,608)  (9,487)  (17,478)

Total

 $6,708  $20,028  $15,732  $42,468 

 

As of August 31, 2026 and May 31, 2026, the Company also held 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

  

Intellectual property, trademarks, knowhow & brands

  May 31, 2026 

Cost

 $6,793  $24,573  $26,633  $57,999 

Accumulated amortization

  (264)  (5,707)  (9,249)  (15,220)

Total

 $6,529  $18,866  $17,384  $42,779 

 

As of  August 31, 2026, the Company reported, in licenses, permits & applications, multi-period sponsorship rights of $17,458 and $nil of indefinite-lived intangible assets compared to $18,783 and $nil as of May 31, 2026, respectively. 

 

Expected future amortization expense for intangible assets as of  August 31, 2026 is as follows:

 

  

Amortization

 

2027 (remaining nine months)

 $10,377 

2028

  13,831 

2029

  6,319 

2030

  3,817 

2031

  3,817 

Thereafter

  4,307 

Total

 $42,468