v3.21.2
Intangible Assets (Tables)
 12 Months Ended
May 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consist of the following at May 31, 2021 and 2020:

 

    May 31, 2021     May 31, 2020  
             
Trade names / trademarks   $ 806,000     $ 806,000  
Customer relationships     7,633,000       7,633,000  
Non-compete agreements     313,000       313,000  
      8,752,000       8,752,000  
Less: Accumulated amortization     (707,147 )     -  
    $ 8,044,853     $ 8,752,000  
Schedule of Estimated Amortization Expense

Estimated amortization expense for the next five years and thereafter is as follows:

 

Twelve Months Ending May 31,      
2022   $ 707,143  
2023     707,143  
2024     693,800  
2025     693,800  
2026     693,800  
Thereafter     4,549,167  
    $ 8,044,853