Intangible Assets

6 Months Ended

Nov. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 11. Intangible Assets

The intangible assets consist of costs incurred to develop the software and purchased patents for business operations. In October 2022, Lixin Cai increased the share capital of HZ CXJ to $1,406,470 (or RMB10,000,000) by capitalization of purchased patents. The developed cost of software $1,592 is capitalized during the period ended November 30, 2024.

As of November 30, 2024, the intangible assets were impaired due to no projected undiscounted cash flow in future. The intangible assets balances are $0 for both the period ended November 30, 2024 and May 31, 2024. The impairment loss incurred during the period ended November 30, 2024 is $1,597.

	November 30, 2024			May 31, 2024
	(unaudited)			(audited)
	$			$
Purchased patents and developed software		1,406,470			1,406,470
Add: Capitalization of software		1,592			-
Less: Accumulated amortization		(235,175	)		(235,175	)
Less: Accumulated impairment of intangible assets		(1,157,399	)		(1,155,802	)
Foreign translation difference		(15,488	)		(15,493	)
Total purchased patents and developed software, net		-			-