Annual report pursuant to Section 13 and 15(d)

Acquisition of patents (Tables)

v3.7.0.1
Acquisition of patents (Tables)
12 Months Ended
May 31, 2017
Intangible Assets Activity

The following presents intangible assets activity:

 

     May 31, 2017      May 31, 2016  

Gross carrying amounts

   $ 3,500,000      $ 3,500,000  

Accumulated amortization

     (1,618,770      (1,268,750
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     1,881,230        2,231,250  

Patents currently not amortized

     35,989        35,989  
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 1,917,219      $ 2,267,239