v3.22.1
INTANGIBLE ASSETS (Tables)
 9 Months Ended
Feb. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consist of the following:

 

    February 28, 2022     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  
Finite lived intangible assets, gross     8,752,000       8,752,000  
Less: Accumulated amortization     (1,237,508 )     (707,147 )
Finite lived intangible assets, net   $ 7,514,492     $ 8,044,853  
SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE

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

 

Twelve Months Ending February 28,      
2022   $ 176,787  
2023     707,148  
2024     602,814  
2025     602,814  
2026     602,814  
Thereafter     4,822,114  
Intangible assets, net   $ 7,514,492