Intangible assets, net

12 Months Ended

May 31, 2023

Intangible assets, net [Abstract]

Intangible assets, net

Note 6 – Intangible assets, net

Intangible assets consisted of the following:

	May 31, 2023			May 31, 2022
Software	$	92,776		$	98,580
Less: accumulated amortization		(39,969	)		(22,753	)
Intangible assets, net	$	52,807		$	75,827

Amortization expense charged to operations for the years ended May 31, 2023 and 2022 was $19,000 and $18,425, respectively.

The expected annual amortization expense for each of the five succeeding fiscal years is as follows: 

Year ending May 31,	Amortization Expense
2024	$	18,555
2025		18,555
2026		13,880
2027		1,817
Thereafter		-
Total	$	52,807