Quarterly report pursuant to Section 13 or 15(d)

Acquisition of patents (Tables)

v2.4.1.9
Acquisition of patents (Tables)
6 Months Ended
Nov. 30, 2014
Intangible Assets Activity

The following presents intangible assets activity:

 

     November 30, 2014     May 31, 2014  

Gross carrying amounts

   $ 3,500,000      $ 3,500,000   

Accumulated amortization

     (743,750     (568,750
  

 

 

   

 

 

 

Total amortizable intangible assets, net

     2,756,250        2,931,250   

Patents currently not amortized

     35,989        35,989   
  

 

 

   

 

 

 

Carrying value of intangibles, net

   $ 2,792,239      $ 2,967,239