Intangible Assets

6 Months Ended

Nov. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6 – Intangible Assets

The Company acquired intangible assets through the asset purchase agreement. (See Note 12). These intangible assets consisted of the following:

	Estimated Life	November 30, 2022			May 31, 2022
Licensing rights	3 years	$	11,945		$	-
Customer Relationships	3 years		70,000			-
Trade Names	10 years		275,000			-
Website	5 years		100,000			-
Less: Accumulated Amortization			(35,522	)		-
		$	421,423		$	-

Amortization expense amounted to $19,376 and $0 for the three months ended November 30, 2022 and 2021, respectively. Amortization expense amounted to $35,522 and $0 for the six months ended November 30, 2022 and 2021, respectively.