Internally Developed Software |
12 Months Ended |
---|---|
May 31, 2024 | |
Internally Developed Software | |
Internally Developed Software | Note 8 – Internally Developed Software
In accordance with ASC 350-40, the Company has capitalized internally developed software for its development of a mobile application. The software is currently in its application development stage and all related costs are being capitalized as incurred. Once the software is ready for implementation, the Company will begin amortizing the software over its estimated useful life. As of May 31, 2024 and May 31, 2023, the Company has capitalized internally developed software of $521,372 and $522,771, respectively. |