Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

v3.8.0.1
Acquisition of Patents (Tables)
3 Months Ended
Aug. 31, 2017
Intangible Assets Activity

The following presents intangible assets activity:

 

     August 31,
2017
     May 31,
2017
 

Gross carrying amounts

   $ 3,500,000      $ 3,500,000  

Accumulated amortization

     (1,706,289      (1,618,770
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     1,793,711        1,881,230  

Patents currently not amortized

     35,989        35,989  
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 1,829,700      $ 1,917,219