Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

v3.5.0.2
Acquisition of Patents (Tables)
3 Months Ended
Aug. 31, 2016
Intangible Assets Activity

The following presents intangible assets activity:

 

     August 31, 2016      May 31, 2016  

Gross carrying amounts

   $ 3,500,000       $ 3,500,000   

Accumulated amortization

     (1,356,250      (1,268,750
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     2,143,750         2,231,250   

Patents currently not amortized

     35,989         35,989   
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 2,179,739       $ 2,267,239