Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

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Acquisition of Patents (Tables)
9 Months Ended
Feb. 29, 2016
Intangible Asset Activity

The following presents intangible asset activity:

 

     February 29, 2016      May 31, 2015  

Gross carrying amounts

   $ 3,500,000       $ 3,500,000   

Accumulated amortization

     (1,181,250      (918,750
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     2,318,750         2,581,250   

Patents currently not amortized

     35,989         35,989   
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 2,354,739       $ 2,617,239