v3.21.2
INTANGIBLE ASSETS (Tables)
3 Months Ended
Aug. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consist of the following:

 

  August 31, 2021     May 31, 2021  
             
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     (883,935 )     (707,147 )
    $ 7,868,065     $ 8,044,853  
SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE

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

 

Twelve Months Ending August 31,      
2022   $ 608,814  
2023     608,814  
2024     608,814  
2025     547,953  
2026     547,953  
Thereafter     4,945,717  
Intangible assets, net   $ 7,868,065