Internally Developed Software |
3 Months Ended |
|---|---|
Aug. 31, 2026 | |
| Internally Developed Software | |
| Internally Developed Software | Note 17 – Internally Developed Software
The Company capitalizes the costs of developing its mobile applications as internal-use software under ASC 350-40, as described in Note 17 to the 2026 Form 10-K. As of August 31, 2026 and May 31, 2026, the Company had capitalized application development costs, net of accumulated amortization, of $333,723 and $382,323, respectively. Gross capitalized cost was $595,921 and $598,858 and accumulated amortization was $262,198 and $216,535, respectively. The Company recorded amortization expense of $46,219 for the three months ended August 31, 2026 (three months ended August 31, 2025: $43,200). There were no additions during the quarter; two applications remained in the application development stage at August 31, 2026 and are carried as in-process software of $35,227 that is not yet amortized. Movements in the gross and accumulated amortization balances include the effect of translating the Canadian-dollar-denominated balances at the closing rate. |